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251 Miller Road
Troy, VA 22974
Scott Cleveland with RE/MAX Supercenter, original listing - (540) 775-5661
$599,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3000 Square Feet
Property Description
A quiet family estate. and within 20 minutes of the heart of Charlottesville? 251 Miller Road is ready for its next owner and chapter! Constructed in 1989, the residence includes four bedrooms, three baths and nearly 3.000 square feet. The acreage close-in is level and primarily wooded, with a sizeable, cleared space surrounding the residence and the mountains looming so picturesquely in the distance. The home itself is serenely tucked well off Miller Road with a long, gravel driveway segueing to the home. In addition to an attached two-car garage, there is a detached garage for parking as well. Anchoring the back yard is a lovely, expansive red-hued deck for taking it all in. Currently the broader, flat acreage teems with wildlife – deer, wild turkeys and more! Zooming in on the home, it is a stately white with three sets of red double doors donning its frontside. The roof – with lifetime shingles – is just three years old! Heading inside, you’re greeted with a massive open foyer, as tasteful LVP flooring abounds. You’ll immediately notice the wood trimming throughout, wood-railed landing above and gleaming staircase leading upstairs. Main level highlights include a carpeted living room with floor-to-ceiling fireplace; dining area with deck access; laundry room; and kitchen. The kitchen includes stainless steel appliances, a large stainless-steel sink, tons of custom-built wooden cabinetry and a large central island. We can’t forget the main level bedroom suite here, too! It includes a walk-in closet and ensuite bath complete with a tub/shower combo and single sink. Upstairs, we have three bedrooms and two baths. All of the bedrooms upstairs are carpeted, and the bathrooms are larger. Before heading inside the primary suite, notice the massive sitting area, primed for lounging, a TV area or... you name it. Just off the sitting room is a walkway to one of the two smaller bedrooms – it is a very nice layout! Back to that primary suite, it includes two closets and massive ensuite bath complete with a soaker tub, stand-up shower and double-sink set-up. The two secondary bedrooms share a Jack-and-Jill bathroom with a shower. The basement here is primarily unfinished (minus a finished storage closet) and spans 1,200-plus square feet. Systems-wise, the heat pump was just updated, and the HVAC and hot water heater have both been replaces in the last 8 years. Beyond the homesite, I-64 and Route 15 are within minutes of the home, providing direct shots to Charlottesville, Orange, Staunton, Richmond and more. There is a complex with grocery, dining and shopping selections just 10 minutes north. The home is service by Fluvanna County Public Schools with Central Elementary, Fluvanna Middle and Fluvanna High School as its designated learning institutions. Opportunity abounds at this timeless estate, folks! Book your showing of 251 Miller Road today. ADDITION 55 ACRES AVAILABLE UNDER SEPERATE LISTING
Property Information
Lot Size
14 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1989
MLS Number
--
Location
Address
251 MILLER ROAD
City
TROY
State
VA
Zip Code
22974
County
FLUVANNA
Listing
Name
Phone
(540) 775-5661
Office Name
Office Phone
(540) 775-5661
Agent Name
Scott Cleveland
Agency Phone
(540) 775-5661

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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.