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148 Launch Way
Montross, VA 22520
Scott Cleveland with RE/MAX Supercenter, original listing - (540) 775-5661
$609,900
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1620 Square Feet
Property Description
Every once in a while, a property like 148 Launch Way hits the market that checks all the boxes. This waterfront abode features three bedrooms, two full baths, and over 1,620 square feet of living space. It’s nestled in the Cabin Point community in Montross/Westmoreland County, which includes a community pool, clubhouse, basketball and tennis courts, playground, and plenty of perks for boat lovers. Among them are two boat ramps, two boat storage areas, and three beaches. The community is tucked off Cabin Point Creek with the Potomac River right there – what a lifestyle! From the second you lay eyes on 148 Launch Way, the architectural design and superb craftsmanship are evident. Your eyes are immediately drawn to the beautiful blue cedar sawn siding, with brick-to-grade accents, brick front porch with Georgian columns, beautiful custom front door with oval glass, paved driveway, and brick walkway. It sits on a cleared, level lot, just over three quarters of an acre, at the end of a cul-de-sac. It offers deep (3-5 ft MLW,) navigable water, 65-foot pier for all your fishing and crabbing needs, and over 270 feet of rip-rapped water frontage on the protected cove of serene Cabin Point Creek. The thoughtfully-designed open floor plan includes a two-car garage, quaint covered front porch, and 540 square foot back deck with unobstructed views of serene Cabin Point Creek (with Potomac River Access!) From the second you step inside, you’re greeted with beautiful hardwood floors in the foyer, dining room, and kitchen. Vaulted ceilings throughout the common areas of the home, and 9 foot ceilings throughout the rest of the home, add to the already impressive spaciousness. Beyond its front door, is a foyer/dining room combination, with the living room directly ahead. A truly open floor plan guides you through the living room with its fireplace, wall-to-wall carpeting, ceiling fan, and impeccable water views throughout. Heading into the kitchen, if your eyes aren’t on the water, they are drawn to the beautiful 42” maple cabinets and stainless steel appliances. Don’t think you can’t enjoy more beautiful water views while you cook, and have easy access to the back porch from your sliding glass door. The spacious Master bedroom includes another sliding glass door with access to the back porch, ensuite bathroom with a shower, soaking tub, and a spacious walk-in closet. The other two bedrooms are accessible off the front living area, each including a long closet, one of which has beautiful waterviews. A full bath is between the secondary bedrooms, including a single vanity sink and shower/tub combo. Each bedroom in the home ( the kitchen and living room, as well) has a ceiling fan. Systems-wise, the home is equipped with a security system, roughed-in central vacuum, stainless-steel appliances, propane fireplace, Anderson windows, and propane backup. For bonus storage, there is a crawl space and attic. Beyond the Cabin Point neighborhood, so much is within seamless reach. The heart of Montross is within 15 minutes southwest, with grocery, dining and shopping selections throughout. Warsaw, Tappahannock and Colonial Beach are all within a 35-minute drive. Fredericksburg is just over an hours drive, and Richmond within an hour and a half. The home is serviced by Westmoreland County Public Schools with Cople Elementary, Montross Middle, and Westmoreland High School as its designated learning institutions. With beautiful water-frontage, guaranteed charm, and comfort galore, now is the time to launch, and get in on the 148 Launch Way action! Inquire for more information today!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
148 LAUNCH WAY
City
MONTROSS
State
VA
Zip Code
22520
County
WESTMORELAND
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.