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421 Loyalist Dr
Ruther Glen, VA 22546
Peter J Braun Jr. with Alex/OldTown HistoricDistrict, original listing - (888) 536-0216
$524,900
Conventional
Property
Bedroom
2
Bathroom
Full: 2
Property Type
Conventional
Square ft
--
Property Description
If a gorgeous sunset is your evening delight, look no further. The view from this property located on Ladysmith Lake cannot be beat. The property offers approximately 130 ft of pristine waterfront. This remarkable home sits on a double lot with nearly a full acre of flat land. It features a 2-bedroom and 2-bath configuration but also perks for a 3-bedroom home. It is a private and serene retreat, providing single level living at its finest with 1,447 square feet of well-designed space. Upon entry, you are welcomed into an inviting foyer with a large coat closet. The large living room boasts a cozy propane gas fireplace and recently updated sliding glass doors that lead to the rear deck with pergola, perfect for relaxing or entertaining. The roomy primary suite includes a walk-in closet and a newly renovated en-suite bathroom, while a second, light-filled bedroom offers comfort and style. The second bathroom has also been recently remodeled. The former third bedroom has been converted into a formal dining room but could easily be reverted back to a third bedroom if needed. The addition of a sun room with a vaulted ceiling offers beautiful lake views, creating a peaceful space to unwind. The eat- in kitchen features Corian countertops, stainless appliances and updated flooring, ideal for cooking and casual meals. A convenient laundry/mudroom that provides outside access adds to the home's practicality and privacy. Other additional updates to the home include double pane windows, roof, gutters and gutter guards, HVAC, Water heater and custom blinds throughout. Outside, the custom decking with a pergola spans the rear of the home, creating an inviting space to enjoy the surroundings. A cozy fire-pit area offers the perfect spot for outdoor gatherings, and the dock on the lake provides a front-row seat to stunning sunset views. Mature landscaping enhances the beauty of the property, while a large shed with electricity and garden areas offers additional storage and opportunities for hobbies or projects. The backyard is fenced on three sides. This home truly offers a peaceful and scenic lifestyle. Lake Caroline is a gated community located conveniently on US Route 1 with close access to I-95. The community amenities include: 24-hour security; a club house; swimming pool; basketball courts; tennis/pickleball courts; 2 beaches. Several children's playgrounds, picnic areas and boat ramps are located throughout the development.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1991
MLS Number
--
Location
Address
421 LOYALIST DR
City
RUTHER GLEN
State
VA
Zip Code
22546
County
CAROLINE
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Peter J Braun Jr.
Agency Phone
(888) 536-0216

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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.