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620 Cross Ridge Ln
Manakin Sabot, VA 23103
Pam Diemer with Grove, original listing - (888) 536-0216
$1,498,900
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
--
Property Description
Nearly completed home in the established neighborhood of Dovershire set on over four acres of quiet bliss in the heart of Manakin Sabot. The low maintenance home features hardiplank siding, dimensional shingles and a full front porch. The home's interiors are inviting with high ceilings, upgraded luxury vinyl plank flooring and steps and an open living room, dining room, family room and kitchen for casual family living. You'll love the family room with a vaulted ceiling, gas fireplace and custom wall accent for a wall-mount TV. The kitchen features white shaker style cabinetry, center dining island, cooking wall with gas range and ovens and a window over the sink. Countertops and appliances may be selected. A first floor office is privately located off the kitchen with a front yard view. Upstairs, the primary suite has an oversized hexagon tile shower with dual heads, a rain shower head, double vanity and water closet. Two bedrooms with a jack and jill bath plus a privately located separate guest suite complete the second floor. The third floor features a large bonus room, half bath and walk in closet that would be an ideal playroom or home office studio. 2-car garage has an upgraded paneled wood tone door. Pella double hung windows with low-E glass and screens. Lifetime warranty dimensional shingles with seamless gutters. Brick full front porch with stone accents, brick steps and stamped concrete stoop and sidewalk. Rear painted wood deck. Ideal location in eastern Goochland County just minutes from Route 288 with the lowest taxes in the region. Five minutes to Hermitage Country Club or Richmond Country Club and less than 15 minutes to Wegman's. Highly rated Goochland Public Schools with an Advanced College Academy program. Very convenient to St. Gertrude and Benedictine, Collegiate and Steward Schools.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
620 Cross Ridge Ln
City
Manakin Sabot
State
VA
Zip Code
23103
County
GOOCHLAND
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Pam Diemer
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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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.