Home for Sale at 3918 W Franklin Street, Richmond, VA 23221

3918 W Franklin Street
Richmond, VA 23221

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Property Details

List Price:	$890,000
Beds:	4
Baths:	4
Status:	Pending
SqFt:	3191
Agency:	Rashkind Saunders & Co. Real Estate

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1936
Notes:	Welcome to 3918 W Franklin St, a meticulously updated 1930s brick colonial home nestled in the coveted Malvern Gardens area of the near West End. This three-level residence exudes charm and character, offering a harmonious blend of classic architecture and contemporary amenities, including your very own private sports court in the rear. Upon entering the foyer, you're greeted by soaring 9+ ft. ceilings and elegant wood flooring that flows seamlessly throughout the main and second levels. To the left, a spacious dining area awaits, complete with a corner fireplace and French doors leading to the tranquil covered front porch, ideal for enjoying the beauty of a Spring morning regardless of the weather. Continuing through the home, you'll discover the updated kitchen, featuring recessed lighting, quartz countertops with peninsula, and a stylish tile backsplash. The kitchen transitions perfectly into the expansive family room, bathed in natural light, creating an inviting space for relaxation and gatherings. Adjacent to the family room, you'll find a convenient office, laundry area, and a full bath for guests. Ascend the staircase to the second level, where the primary bedroom awaits. It boasts a tastefully renovated ensuite and a generous walk-in closet. Two additional bedrooms and a full hall bath complete the second floor. Journeying to the third level, a versatile space awaits, perfect for use as a rec room, additional bedroom, or whatever your heart desires. The finished basement offers further opportunities for entertainment and relaxation, with durable tile flooring and a convenient half bath. Outside, the property delights with its private sports court, complete with a concrete slab and stamped patio, providing endless opportunities for outdoor enjoyment. With its timeless design, dual-zoned heating and cooling, and an array of modern amenities, this impeccably maintained home invites you to experience its allure firsthand so schedule your showing today!
MlsNumber:	2407954

Listing Provided By:	Rashkind Saunders & Co. Real Estate, original listing
Name:	Rashkind Saunders & Co. Real Estate
Phone:	(804) 308-5211
Office Name:	Rashkind Saunders & Co.
Office Phone:	(804) 308-5211
Agent Name:	Paul Watson
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.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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