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167 Oakland Terrace
Charles Town, WV 25414
$630,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3501
Property Description
Welcome to this beautiful 4 bedroom, 3.5 bath contemporary home on over 2 acres in the sought after Oakland Heights neighborhood. This home features 2 primary Master Bedroom Suites: One on the main level, featuring a 5 piece bath with travertine flooring & Carrara Marble walls/cabinet tops/jetted tub/full shower/2 sinks and one full bath in the upstairs master suite. There are 2 additional bedrooms upstairs in addition to another full bath. Walk up to your relaxing front porch and enter into the foyer with raised ceilings and oak wood floors. Enjoy your formal living room with crown molding and oak wood flooring. The oak wood floors continue into the separate dining room; crown molding, chair railing and Venetian plaster walls, present the room. A huge kitchen with upgraded appliances, granite countertops and a nook with matching granite dining table that stays with your home. Large cozy family room with wood burning fireplace and crown molding with a door that leads to your enclosed sunroom (with plank tile flooring) for your morning coffee. The laundry room is equipped with a whole home water softener and an adjoining half bath. And for storage: A Walk In Closet in the downstairs master bedroom suite & spacious closets within each additional bedroom. Everyone is surprised with the extra bonus room off the upstairs master suite with cedar closets. You will be amazed at the two walkin attic spaces which provide lots & lots of room as extra storage space. Then walk out to your own oasis paradise with a heated gunite pool, designed with a connected Gunite hot tub and waterfall! The pool is surrounded by flowers and fountains. Step into your Gunite pool (No need for a pool liner here), with underwater colored lighting for cozy evening swims. A gazebo, at the pool with adjustable shade cloth & netting (if you wish) installed, for relaxing, is yours to enjoy along with 2 chaise lounge chairs for your comfort under the sun or moon. The fully fenced backyard & pool fencing, secure the pool & backyard. Mature landscaping. Gutter guards protect all gutters. Spacious attached 2 car Garage (storage cabinets included) plus a shed with garage door entry, suitable for 1 car, complete this home. These are just some of the wonderful features. Note that the sellers (a married couple) 2 people; only lived in the house 6 months out of the year so there was much less wear and tear. Make an appointment today to view & pick up your list of “home features”.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1989
MLS Number
WVJF2011882
Location
Address
167 OAKLAND TERRACE
City
CHARLES TOWN
State
WV
Zip Code
25414
County
JEFFERSON
Listing
Provider
ERA OakCrest Realty, original listing
Name
ERA OakCrest Realty
Phone
(540) 665-0360
Office Name
ERA Liberty Realty
Office Phone
(304) 728-2000
Agent Name
Kevin Coomler

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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.