Home for Sale at 1246 Cresswood Drive, Richlands, VA 24641

1246 Cresswood Drive
Richlands, VA 24641

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Property Details

List Price:	$524,900
Beds:	5
Baths:	5
Status:	Active
SqFt:	6836
Agency:	The Addington Agency Bristol

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1994
Notes:	Looking for a one of a kind home in the heart of Richlands? Don't miss this one! Situated in the highly sought after Hidden Valley estates, this home comes complete with 5 large bedrooms, 5 full bathrooms, and over 6,800 sqft of living space! Promoting tons of character and charm with unique features throughout such as the skylight in the octagonal room, fireplace in the living room, crown moulding, ceiling accents, and so much more! Featuring the primary bedroom upstairs, this room alone exudes over 700+ sqft including a sitting area, walk-in closet, tray ceilings, oversized en suite with a walk-in shower, his & her vanity, jacuzzi tub, plus exterior access to the balcony overlooking the fenced in backyard! Built for entertaining, this home boasts an ideal floor plan highlighted with an open concept between the kitchen and living room, plus a finished walkout basement perfect for MIL quarters presenting a second kitchen, bathroom, bonus room, and private access from the exterior. Showcasing an abundance of curb appeal, this home will immediately catch your eye with highlights that include a queen anne style round tower, octagonal room with a wrap around porch, quoin corners, and so much more! Immaculately maintained, this home offers tons of potential and won't last long priced to sell at $525k. Call today to schedule your appointment! All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.
MlsNumber:	9963502

Listing Provided By:	The Addington Agency Bristol, original listing
Name:	The Addington Agency Bristol
Phone:	(423) 845-5800
Office Name:	The Addington Agency Bristol
Office Phone:	(423) 845-5800
Agent Name:	Garrett Addington
Disclaimer:	Copyright Â© 2024 Tennessee 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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