Foreclosure for Sale at 16 W TALBOTT, BALTIMORE, MD 21225

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Foreclosure: 16 W Talbott
Baltimore, MD 21225

Joan Russell with Coldwell Banker Realty, original listing - (410) 721-0103

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Property Details

List Price:	$359,999
Beds:	4
Baths:	Full: 2, ½: 2
Status:	Active
SqFt:	2085 Square Feet
Agency:	Coldwell Banker Realty
Agency Phone:	(410) 721-0103

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Townhouse
Year Built:	1929
Notes:	Welcome to 16 W Talbott St, a stunning property in Brooklyn, MD, offering four finished floors, including a fully finished basement and a spacious third floor. The above-ground square footage of 1,680 encompasses the first three floors, delivering ample space for comfortable living. The total square footage of 2,240, including the basement, ensures plenty of room for every need.<br /> The modern kitchen is a highlight, featuring all-new appliances such as a refrigerator, microwave, dishwasher, and garbage disposal. The kitchen also boasts elegant granite countertops, including a breakfast bar perfect for casual dining. Comfort is guaranteed with two HVAC systems: a central air conditioning system and a separate mini-split system that serves the third-floor bedrooms, ensuring climate control throughout the house.<br /> This Google smart-home comes equipped with three mesh Wi-Fi routers, security cameras, smoke and CO detectors, and a doorbell camera, all controllable via a central hub or directly from your smartphone. The home is internet and cable-ready in both the living room and kitchen, allowing for seamless connectivity.<br /> The exterior of the property is equally impressive, with attractive landscaping in both the front and back, and a large backyard for outdoor activities. A private driveway accommodates parking for two cars. Additional features include blinds installed in all windows and an outside crawl space for convenient storage of landscaping tools.<br /> Make sure to explore the 3-D virtual tour linked in the MLS listing, and the curated collection of professional photos showcasing this remarkable home.
MlsNumber:	--
ListingId:	MDBA2141062

Listing Provided By:	Coldwell Banker Realty, original listing
Phone:	(410) 721-0103
Office Phone:	(410) 721-0103
Agent Name:	Joan Russell
Disclaimer:	Copyright © 2024 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.

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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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