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1580 Eagle School Road
Martinsburg, WV 25404
$1,100,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
5350
Property Description
This secluded, custom-designed home with a round living area and mid-century details is like taking a step back in time to more gracious living, exquisite entertaining, and an unprecedented lifestyle. This property sits on a gated, unrestricted, 16.59 acres with 2 separate ponds (stocked with fish), mature trees, and a formal garden that begs you to sit back and relax. This rolling acreage also provides a small apple orchard and enough open area for horses. This home was originally designed and built on 16+ acres by a builder as his own home in the early 1970s and has unique architectural details everywhere! It was built for entertaining- both inside and out. Inside the front door, octagonal formal rooms welcome guests. The formal living room is the first of these rooms, with a stone central hearth on the woodburning fireplace as the centerpiece. Continue around the space to the formal dining room, which also overlooks the screened porch and has a built-in stone planter. Continue around to the well-appointed kitchen with stainless appliances, a breakfast nook, and a small study area that walks out to an expansive sunroom. The sunroom is bright and airy, with skylights, a wall of floor to ceiling windows, overlooks the backyard, and is heated and cooled by a modern mini-split heat pump. This room is truly a year-round space with double doors to the patio area covered with a wisteria-covered arbor and with a door at the other end to the large screened-in porch with bar area and stone accent wall. Back inside, all the way down the hall is the primary bedroom suite with sitting area and wood-burning fireplace, a screened porch opening to the open-air deck outside provides the perfect private sanctuary. The ensuite bath has a separate shower and a dual vanity with a dressing table, but the star of the show is the sunken jetted bathtub! A walk-in closet rounds out this amazing space. Along the hall are two additional large bedrooms with a shared hall bath. Back toward the kitchen is the main-level laundry room with cabinets and a folding counter. Downstairs, the updated vinyl plank flooring runs through the rec room, massive bonus room and attached full bath. Also downstairs is the 2-car garage entrance. The formal garden, with central sundial, is fenced from deer and has served as a specimen garden for years with a variety of mature trees and shrubs from around the world. This garden area is ideal for garden parties! A large, screened picnic pavilion with cement floor is the perfect place to relax with friends or cook up some alfresco dinner. An additional potting shed with attached two-car garage and a detached two-car garage is also within the fenced area- that is a total of 6 garage bays on the property! Don't pass up the opportunity to own this distinctive custom home situated on over 16 acres.
Property Information
Lot Size
16 acre(s) square ft
Property Type
Residential
Year Built
1978
MLS Number
WVBE2026574
Location
Address
1580 EAGLE SCHOOL ROAD
City
MARTINSBURG
State
WV
Zip Code
25404
County
BERKELEY
Listing
Provider
Dandridge Realty Group, original listing
Name
Dandridge Realty Group
Phone
(304) 885-7645
Office Name
Dandridge Realty Group, LLC
Office Phone
(304) 885-7645
Agent Name
Elizabeth McDonald

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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.