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106 Winchester Avenue
Moorefield, WV 26836
$345,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
3400
Property Description
Located in the center of Moorefield, this charming Victorian style home was one of first in the historic South Branch Valley to have a central heating system, long since replaced with a natural gas furnace/hot water radiators, making it extremely warm and cozy! Some of the original gingerbread trim is still in place, but the home has been modernized over the years with vinyl siding, replacement windows and in recent years a new kitchen and baths have added to the functionality of modern living. Beautiful hardwood and ceramic floors throughout and lots of natural light to make them glow. This house has plenty of room to spread out. The upstairs can be accessed by two stairways leading to three spacious bedrooms, a study/den that can be used as a fourth bedroom, and a screened porch! The downstairs offers a spacious foyer, oversized living room, large remodeled kitchen with lots of light, dining room and gorgeous, comfortable solarium and screened porch! Plenty of storage in the basement and walk up attic, which is unbelievably huge and partitioned. Outside, the patio beckons you for morning coffee or evening barbecues, to enjoy the flower garden and private yard, totally fenced for your privacy or to keep your pet in check! The carport leads to patio and back entryway and there is ample parking on the west side of property on the concrete driveway. Call today for an appointment if you're yearning to settle into a historic home with the comforts of modern convenience! (Pre-qualification from lender required)
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1890
MLS Number
WVHD2002038
Location
Address
106 WINCHESTER AVENUE
City
MOOREFIELD
State
WV
Zip Code
26836
County
HARDY
Listing
Provider
Classic Properties LLC, original listing
Name
Classic Properties LLC
Phone
(304) 530-7075
Office Name
Classic Properties, LLC
Office Phone
(304) 530-7075
Agent Name
Barb Swick

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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.