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314 Constitution Drive
Ruther Glen, VA 22546
Gary Gardiner JR. with Coldwell Banker Elite, original listing - (540) 735-2600
$485,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2940 Square Feet
Property Description
Nestled in the picturesque, gated community of Lake Caroline, this 3-bedroom, 3.5-bathroom home offers the perfect blend of charm, elegance, and modern convenience. A beautifully landscaped front yard and a welcoming new front door set the tone for the warmth and sophistication that await inside. From the moment you step through the entryway, you are greeted by hardwood floors that flow throughout the main level. The inviting formal dining room is perfect for hosting gatherings, while the versatile living room or office provides a quiet retreat. The thoughfully designed kitchen features stainless steel appliances, a spacious island, and a bright breakfast area that overlooks the serene backyard. Adjacent to the kitchen, the family room exudes comfort with its cozy gas fireplace, making it the heart of the home. Upstairs, the expansive primary suite is a true sanctuary, complete with a large sitting area, a second gas fireplace, and a private wet bar—ideal for unwinding in style. The ensuite bathroom boasts a deep soaking tub, dual sinks, and rich wood paneling, creating a relaxing ambiance. Two additional well-appointed bedrooms and bathroom provide ample space for family and guests. The fully finished basement expands the living space even further, offering a fantastic rec room, a second wet bar, a bonus room/ guest bedroom (NTC), and a full bathroom, with convenient walk-up access to the side yard. Outside, the home continues to impress with a functional screened porch, a spacious deck, and a sprawling, flat, tree-lined lot, perfect for outdoor entertaining or simply enjoying the peaceful surroundings. A hookup for a portable generator adds an extra layer of convenience. Thoughtfully updated, this home features fresh paint throughout the basement and main living areas, as well as new carpeting in the family room and one of the upstairs bedrooms. The upstairs HVAC system is only one year old, the lower HVAC system is four years old, and the hot water heater was replaced just five years ago, ensuring comfort and efficiency for years to come. Located in the highly sought-after Lake Caroline community, residents enjoy exclusive access to a private lake, sandy beach, swimming pool, boat launches, picnic areas, and a variety of sports courts, including tennis, pickleball, and basketball. With its prime location, modern upgrades, and resort-style amenities, this home is a hidden gem. Don’t miss the opportunity to make it yours!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
314 CONSTITUTION DRIVE
City
RUTHER GLEN
State
VA
Zip Code
22546
County
CAROLINE
Listing
Name
Phone
(540) 735-2600
Office Name
Office Phone
(540) 735-2600
Agent Name
Gary Gardiner JR.
Agency Phone
(540) 735-2600

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.