Home for Sale at 1607 Albany Avenue, Richmond, VA 23224

1607 Albany Avenue
Richmond, VA 23224

« Prev

Property Details

List Price:	$299,500
Beds:	2
Baths:	2
Status:	Pending
SqFt:	1200
Agency:	RE/MAX Commonwealth

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1945
Notes:	Absolutely Charming bungalow with 2 bedrooms and 2 full baths and a detached studio. Completely gutted and renovated in 2021, the current homeowner has added even more features and improvements in the past six months. Situated on a shady historic block just minutes to downtown Richmond and Manchester, you'll find sidewalks that are perfect for an evening stroll on morning run, or you can sit on the front porch and watch the world go by. Inside you will find an open floor plan with a living room, dining area, and kitchen, all with glowing reclaimed wide plank heart pine flooring, fresh paint, and flooded with natural light. With additional shelving and cabinets just added, the sleek, modern kitchen is laid out perfectly to offer amazing storage and workspace and flow - perfect for entertaining a crowd, an intimate dinner for two, or just you! The primary bedroom suite on the 2nd floor is NOT what you expect in the typical bungalow. It features a large bedroom, full modern bath, and an impossible to find walk in closet with built in custom storage/ dressers. There is an additional closet PLUS knee wall storage. A 2nd bedroom with closet and desk nook and a 2nd modern full bath are on the 1st level. Walk through the dining area through the sliding glass doors to a large, very private deck. Off the deck is the best kept secret: a heated and cooled Studio/Office. This highly functional flex space is the perfect location for either today's remote workers, to hone your skills at your favorite hobby, or to run a home business... or all three! The skylight brings in natural light and, like the rest of the home, the studio has warm heart pine floors. A wall heater and air conditioning unit means you can use it 12 months a year. The back yard has a new privacy fence with double gate and has enough room for 4 cars, a camper, and/or boat...Or use for your puppy's private playground. Come see this home today - it is sure not to last!
MlsNumber:	2414020

Listing Provided By:	RE/MAX Commonwealth, original listing
Name:	RE/MAX Commonwealth
Phone:	(804) 288-5000
Office Name:	RE/MAX Commonwealth
Office Phone:	(804) 288-5000
Agent Name:	Robin Johnson
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.

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

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -