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2701 Royal Crest Drive
Midlothian, VA 23113
Casie Woodfin with Shaheen Ruth Martin & Fonville, original listing - (804) 288-2100
$1,250,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5567 Square Feet
Property Description
Welcome to a rare and remarkable offering in Queens Grant! Expansive 5-Bedroom home with finished walk-out basement and private 6+ acre lot. This spacious 5-bedroom, potentially 6-bedroom, residence offers versatile and traditional spaces, perfectly designed for both family gatherings and private relaxation. On the main floor experience grandeur with 10-foot ceilings and two story foyer. A formal dining room and formal living room are thoughtfully located in the front of the home. The open-concept kitchen flows seamlessly into a bright and welcoming family room. The kitchen offers 42 inch cabinets, granite countertops, large island, and butlers pantry with access to the dining room. Tucked off the family room you will find a large home office, an ideal space for remote work or study. Off the kitchen, a custom built in drop zone offers the perfect landing space for organizing coats, shoes, and gear. Hardwood floors throughout most of the first level, custom plantations shutters on windows, and entire interior of home freshly painted. Second Floor Offers: The primary bedroom, including a large walk-in closet and an ensuite bathroom with direct access to the conveniently located laundry room. Three additional bedrooms plus a flexible room offer plenty of space, alongside two full bathrooms. Walk-Out Basement with new LVP and carpet provides a fully finished space that includes a 5th bedroom, a large recreation room, and additional flex space—ideal for a home gym, theater, or homework station. Two unfinished spaces for easy access to systems and abundant storage. Outdoor Features Include: Front covered country porch; new composite rear deck; stamped concrete patio with new fire pit in rear private yard; 2 1/2 car side load attached garage. This home sits on one of the largest and most private lots in Queens Grant, spanning over 6 acres. Perfectly situated for privacy, yet close to amenities, this property is a rare find! Don’t miss out —schedule your private showing today!
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2011
MLS Number
--
Location
Address
2701 Royal Crest Drive
City
Midlothian
State
VA
Zip Code
23113
County
CHESTERFIELD
Listing
Name
Phone
(804) 288-2100
Office Name
Office Phone
(804) 288-2100
Agent Name
Casie Woodfin
Agency Phone
(804) 288-2100

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HUD Foreclosures

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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Foreclosure Listings Increasing

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.