Magnolia, Delaware 19962
Listing Details
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Magnolia, DE 19962

4 Beds | 3 Baths
Foreclosure
Listing ID: 54676928

$266,500

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices. For more check out 'First Steps' below.
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  • Property Information
    • Price: $266,500
    • Bedrooms: 4
    • Bathrooms: 3
    • Full Baths: 2
    • Half Baths: 1
    • Basement: Yes
    • Total Square Feet: 2,960
    • Lot Size: 0.3 acres
    • Style: Contemporary
    • Fireplace: Yes
    • Heating Type: Fireplace
    • Air Conditioning: Central A/C
    • Year Built: 2010
    • Description: Start the New Year with your new home in The Reserve at Chestnut Ridge in Magnolia. This is a super value on this bank owned home, compare the price for homes with nearly 3,000 square feet. There are some cosmetic repairs carpet and paint. The first floor has a formal ding room, living room, a two story family room with a ceiling to floor stone fire place. The kitchen is really large with up-graded cabinets and countertop. There is a double wall oven, flat cooktop , breakfast area. There is also an office or study. The second floor has top notch master bedroom suite , the master bath has a double vanity, separate soaking tub, glass enclosed shower. You have to love the fenced in backyard that has the large community open space, so you will not be looking into your neighbor's kitchen. The market research for The Reserve at Chestnut Ridge shows this property when redone will be in the $300,000's. You are invited to come see this great buy. This home may qualify for Vendee Financing (owner financing), will be sold in As-Is condition with inspections welcomed for you information, all utilities will be on for inspections. Seller's policy is no repairs will be made. All offers are required to have a mortgage pre-approval letter and or proof of funds for closing. Copyright 2020 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: DEKT234802
    • Days On Site: 66
  • Property Tax Roll
    • Subdivision: Thereserveatchestnut
    • School District: CAESAR RODNEY
    • Junior High School: POSTLETHWAIT
    • Senior High School: CAESAR RODNEY
    • Property Type: Single Family Dwelling
  • County Tax Roll
    • Land Area Sqft: 10,890
    • APN: 7-00-12101-02-5900-000
    • Property Type: Agricultural
    • Front Footage: 93
    • Depth Footage: 140
    • Subdivision: RESERVE AT CHESTNUT RIDGE 1&2
  • AVM Report
  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,400 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $26,650 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
12/25/19 01/09/20 Foreclosure View now
05/26/12 07/05/12 Preforeclosure View now
05/18/12 07/05/12 Preforeclosure View now
05/15/12 07/05/12 Preforeclosure View now
  • Contact Information
    • Agent Company: RE/MAX Horizons Inc
    • Agent Name: Edward Hammond
    • Agent Company Address: 1198 Governors AVENUE
    • Agent Company City: Dover
    • Agent Company State: DE
    • Agent Company Zip: 19904
    • Agent Company Phone: (302) 678-4300
    • Agent Company Email: Email Now
    • Agent Phone: (302) 678-4300
    • Agent Email: Email Now

FIRST STEPS:

Foreclosures

You've identified an ideal foreclosure property. Now what?

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Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers.

A property will most likely be listed with a Realtor® who can assist you with submitting an offer.

Contact the listing broker's office as soon as possible to learn about how to visit the property, make offers, and close a transaction. For your convenience, this contact information is located to your left under the property's "Contact Information" header.

This is a big investment. Therefore, learn as much as you can about the property, lender, loan amount and expenses the lender wants to recover.

Once you've gathered this information, it's time to make an informed offer.

Always keep in mind that the seller's primary objective is to recover the amount of the loan balance that was not paid by the previous homeowner, as well as the costs of the foreclosure action and other expenses.

However, the longer lenders own properties, the more eager they become to sell them, often at reduced prices.

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