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256 Swift River Way
Shepherdstown, WV 25443
Jamie Lopez with ERA Liberty Realty, original listing - (304) 728-2000
$1,400,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4000 Square Feet
Property Description
Presenting an exquisite colonial contemporary home set on a sprawling 5.31-acre lot, this property offers the perfect blend of elegance and modern design. Nestled inside the gates of the Premier Potomac River Subdivision - Shepherds Cove. Boasting 4 bedrooms and 4.5 baths, including a luxurious first-floor master suite with walk-in closet with pocket door access and built ins for ample storage and convenience. The on-suite bath is luxury at it's finest with custom glass doors and fabulous tiled shower for 2. This residence provides ample space for comfortable living. Spanning 2900 square feet, with an additional 1100 square feet finished in the basement, this home offers versatility and room for customization. Located in a neighborhood with a community septic system, residents can enjoy the beauty of nature with access to scenic trails, ideal for outdoor enthusiasts. The community also features a boat dock, allowing homeowners to easily access the water. A pontoon boat is available for purchase ($55,000), and the convenience of community boat storage ensures hassle-free boating experiences. Additionally, a golf cart is also available to purchase ($10,000), making it effortless to explore the community and its amenities. For detailed information about the community and its exceptional perks, please visit shepcove.com, the official website of the community. The kitchen is adorned with top-of-the-line Thermador and Bosch appliances, including a 6-burner range, microwave, fridge, and disposal, providing the perfect space for culinary excellence. The island has miles of granite and room for the whole family. Adjacent to the kitchen, a butler pantry room offers additional storage and convenience, complete with an extra refrigerator and dedicated space for dry goods. Unwind by the warmth of the fireplace, creating a cozy and inviting atmosphere in the heart of the home. The property features a reverse osmosis water system, ensuring clean and purified water throughout. The three-car garage is finished with an epoxy floor and features an EV charger, catering to the needs of environmentally conscious homeowners. Immerse yourself in an exceptional audio experience with the whole home sound system, set to different zones throughout the house. Enjoy surround sound in the living room and take advantage of the basement, which is wired for future surround sound, allowing for the creation of a home theater. The basement is also wired and plumbed for a future bar. The huge walkout basement doors make this amazing space out of this world! Step outside onto the expansive wrap-around deck, complete with ceiling fans, providing the perfect space for outdoor entertaining and relaxation. Inside the home, light dimmers create a customizable ambiance to suit any mood. Stay connected with the convenience of Starlink internet equipment, which will convey with the sale. T-Mobile and Verizon cell boosters are installed throughout the house, ensuring strong and reliable cellular signal. A wired WiFi solution covers the entire home, providing seamless connectivity. For added security, an Ubiquity front door camera, smart doorlock, and doorbell offer peace of mind. The driveway has been recently rolled, adding a touch of elegance to the exterior. Bespoke light fixtures throughout the home exude sophistication and complement the unique style of the property. This exceptional home also features a built-in dog bath, providing convenience for pet owners. Lots of custom touches make this a one-of-kind home! Don't miss the opportunity to own this remarkable property. Contact us today for a private showing and experience the epitome of elegant and professional living.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2023
MLS Number
--
Location
Address
256 SWIFT RIVER WAY
City
SHEPHERDSTOWN
State
WV
Zip Code
25443
County
JEFFERSON
Listing
Name
Phone
(304) 728-2000
Office Name
Office Phone
(304) 728-2000
Agent Name
Jamie Lopez
Agency Phone
(304) 728-2000

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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.