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2276 Mosquito Point Road
White Stone, VA 22578
Emily E. Carter with Jim & Pat Carter Real Estate, original listing - (804) 436-4949
$2,600,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4
Property Type
Conventional
Square ft
3470 Square Feet
Property Description
On a picturesque country lane at the confluence of the Rappahannock River and the Chesapeake Bay, this exceptional property showcases the remarkable features of its setting: stunning vistas of the bay, a narrow barrier island, a sandy shoreline, breathtaking sunrises, and the moonrises on the shimmering Rappahannock River. A winding lane meanders through the park-like grounds, adorned with expansive lawns and mature trees, offering glimpses of the Bay. Built in 1940, this rambling Tidewater design is situated on a knoll, providing privacy and elevation. The home boasts a spacious living room with a masonry fireplace, which opens onto a large deck. This deck extends the length of the house and highlights the spectacular view, allowing you to enjoy the soothing sound of waves lapping against the shoreline and the gentle bay breezes. The light-filled dining room is simple yet elegant. For a more relaxed gathering space, there is the cozy family room with a full bath. Overlooking the water, the kitchen includes a bright breakfast nook. The expansive first-floor primary bedroom features its own fireplace and private riverside deck. Two walk-in closets complement the spacious bathroom. The second floor is divided by an upper hall with an office, two bedrooms, a bath on one side, and a hall bath and two bedrooms on the other. The pool terrace opens off a screened porch, facing the river, and is ideal for outdoor entertaining. The attached three-bay garage can house automobiles, boats, bikes, golf carts. Down the gentle hill is a waterside deck leading to the private dock and sand beach. This is the perfect location to realize the dream of a life on the Chesapeake Bay shoreline that will be an enduring family tradition.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1940
MLS Number
--
Location
Address
2276 Mosquito Point Road
City
White Stone
State
VA
Zip Code
22578
County
LANCASTER
Listing
Name
Phone
(804) 436-4949
Office Name
Office Phone
(804) 436-4949
Agent Name
Emily E. Carter
Agency Phone
(804) 436-4949

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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.