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481 Sunset Loop
Mineral, VA 23117
$859,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3088
Property Description
WOW! Price reduced 30K. Welcome to this exquisite Craftsman style home with main floor living, offering the perfect combination of functional and luxurious features . Your serene retreat awaits where you can relax and unwind. Stepping inside, you'll notice the wide-plank hardwood floors, adding warmth and character to this spacious home with breathtaking lake views. To your right, a well suited bathroom and bedroom or office space, providing flexibility to cater to your specific needs. The stunning gourmet kitchen features a massive island, stainless appliances cooktop, French door refrigerator, two built-in self cleaning ovens, dishwasher and microwave. You'll love the soft close cabinets with several pull-out trays on the lower cabinets, providing ample storage and easy access to your culinary essentials. The convenient and updated main level laundry room offers extra cabinets, sink and countertop workspace, ensuring the chores are easier and more accessible. And you have easy access to and from the 30 X 20 oversized garage! Plenty of room for your automobiles and golf-cart! Enjoy breathtaking views of the lake while dining or relaxing in your great room, complete with a gas fireplace, adding a touch of elegance and warmth to the main living area. You'll appreciate the tinted windows, limiting heat transfer and adding protection to your furniture and floors. Stepping onto the 12 X 40 composite deck with powder-coated aluminum railing, extending your dining/entertaining space and is low-maintenance. And let's not forget the beautiful views! Next is the light-filled primary suite. Presenting exceptional views and two walk-in closets, giving you abundant storage options for all your clothing and accessories. Take time to indulge in the luxurious primary bathroom complete with a dual sinks, jetted tub, frameless shower with built-in bench, tile extending all the way to the ceiling and a water closet providing privacy. Let's head downstairs to the well-equipped lower level. The rec room is the ideal open gathering/entertainment space. Additional rough-in plumbing and electrical is already installed for future kitchen/wet-bar expansion. The 2 additional bedrooms and 2 full baths are ideal for accommodating guests or creating a private retreat. Need more? With two water-heaters, you'll never have to worry about running out of hot water, and your storage options are almost limitless with two storage rooms and a huge closet. The 10 X 40 back patio is an extension of your rec-room/entertainment space, giving your guests added outdoor dining/seating options. This Lake Anna waterview home in amenity-filled Sunset Cove offers a unique and enriching experience. The view itself provides a sense of tranquility and serenity, allowing you to escape from the hustle and bustle of everyday life. Why build when this "better than new" home is available and gets your "lake lifestyle living" a reality! Living in Sunset Cove also means you have access to a wide range of amenities to enjoy. Take advantage of the walking trails, meet friends at the pool, mingle in the clubhouse with neighbors... pickleball anyone? Offering easy access to the lake with your assigned covered boat slip, complete with electric lift. Are you ready for some swimming, fishing and boating? Or, maybe an early round of disc golf, or a quick work-out at the exercise facility? So many things to choose from. Living in Sunset Cove is truly a special and enjoyable experience that combines the beauty of nature with the convenience of modern amenities. FYI, be sure to sell your mower and blower because lawn care and leaf removal are a thing of the past!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2019
MLS Number
VALA2005682
Location
Address
481 SUNSET LOOP
City
MINERAL
State
VA
Zip Code
23117
County
LOUISA
Listing
Provider
Berkshire Hathaway HomeServices Select Realty, original listing
Name
Berkshire Hathaway HomeServices Select Realty
Phone
(540) 371-7653
Office Name
Berkshire Hathaway HomeServices PenFed Realty
Office Phone
(540) 371-7653
Agent Name
Tina Perry-Duval

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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.