Home for Sale at 28035 Delafield DR, New Braunfels, TX 78132

28035 Delafield Dr
New Braunfels, TX 78132

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Property Details

List Price:	$2,000,000
Beds:	7
Baths:	7
Status:	Active
SqFt:	3500
Agency:	EXP Realty, LLC

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential
Year Built:	1993
Notes:	This privately gated property adds security and exclusivity, while the expansive 5.65 acre lot offers plenty of space and privacy. The island kitchen with a walk-in pantry is perfect for culinary enthusiasts, and having two living areas with a rock fireplace creates cozy gathering spaces. The built-in cabinets, formal dining area, and eat-in kitchen contribute to both functionality and elegance. Shiplap ceilings, crown molding, wooden beams, and designer lighting add character and charm throughout the home. The choice of luxury vinyl flooring in the main living areas offers durability and style. The built-in desk is a convenient feature for work or school tasks. The front door with stained glass, pine steps with steel handrails and cedar posts, and custom-built bunk beds showcase attention to detail and craftsmanship. The en suite bathrooms for each bedroom, including a beautiful custom master bathroom, provide luxury and convenience. The large mature trees on the property enhance the natural beauty and offer shade and privacy. The absence of an HOA provides freedom and flexibility for homeowners. Additionally, the option to rent out the guest home adds potential for additional income. Overall, this move-in-ready property seems like a dream home with a blend of luxury, comfort, and functionality. Square footage and bedroom and bath count include both homes. Home comes with many furnishings and there are many available for purchase as well. Guest house can be used for both long term and short term rentals!
MlsNumber:	1776007

Listing Provided By:	EXP Realty, LLC, original listing
Name:	EXP Realty, LLC
Phone:	(512) 777-9581
Office Name:	eXp Realty
Office Phone:	(888) 519-7431
Agent Name:	Darla Bourque
Disclaimer:	Copyright Â© 2024 San Antonio Board of Realtors Â®. 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