Home for Sale at 8011 Wood Drive, Disputanta, VA 23842

8011 Wood Drive
Disputanta, VA 23842

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Property Details

List Price:	$849,950
Beds:	3
Baths:	3
Status:	Active
SqFt:	3600
Agency:	eXp realty

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Description/Comments

Lot Size:	27 acre(s)
Property Type:	Residential
Year Built:	1993
Notes:	Beautiful horse farm nestled on 27 acres of expansive land and horse pastures, this well-maintained home offers a blend of comfort and functionality. This property boasts everything needed for horses, including riding areas and multiple pastures. The stable paddock includes stables, and a tack room. Moreover, all buildings are equipped with electric and water, adding to the property's practicality and convenience. 18 acres of mature timber surround the pastures. With Rural Band High-Speed Internet, you can stay connected even while out in the beautiful countryside. No details have been spared on this custom home, either! Sturdily constructed with siding of Canadian Cedar Lap Board, the home features 9 foot ceilings throughout with three bedrooms and a flex room that can be utilized as a 4th or bonus room. Step inside to discover many new wood-look laminate floors that stretch gracefully throughout 1900 sq feet of the home. The versatile layout includes a formal dining room, which can easily transform into a den or office as the kitchen features a sizable eat-in dining area. The large primary suite provides a serene retreat. There is a huge bonus room with closet that can be used as a flex room. Roof was treated in Dec 2023 by RoofMaxx of Richmond with a 5 year transferable warranty. Full size Conex Container conveys with the property. - Metal Roofs on 2 barns were replaced in 2021 Don't miss the opportunity to make this idyllic rural retreat your own.
MlsNumber:	2412979

Listing Provided By:	eXp realty, original listing
Name:	eXp realty
Phone:	(804) 335-6767
Office Name:	EXP Realty LLC
Office Phone:	(804) 729-5188
Agent Name:	Rhonda Gay
Disclaimer:	Copyright Â© 2024 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing