Home for Sale at 4537 GREENCOVE CIRCLE, SPARROWS POINT, MD 21219

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4537 Greencove Circle
Sparrows Point, MD 21219

Sheri Hipsley with Cummings & Co. Realtors, original listing - (410) 823-0033

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Property Details

List Price:	$515,000
Beds:	4
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	2032 Square Feet
Agency:	Cummings & Co. Realtors
Agency Phone:	(410) 823-0033

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2000
Notes:	Welcome home to this fabulous 4 bedroom, 3.5 bathroom colonial located in the highly sought after Beachwood Estates neighborhood in Sparrows Point. As you enter the first floor of your new home you will find a spacious living room to your left along with a formal dining room featuring crown and chair molding and updated flooring. On the right you will encounter the entrance to the garage then a half bath tucked in the hallway before entering the kitchen. The refreshed kitchen opens up to the family/2nd living room featuring a gas fireplace that you can cozy up to on those cold winter nights or step outside through the sliders that lead to the large-covered deck and enjoy those warm summer breezes. On the second level there is a grand primary suite with a double door entrance, walk-in closet and a huge primary bath with a soaking tub, separate shower and double sinks, along with 3 additional generously sized bedrooms. The lower level is a blank space ready and waiting for your creative ideas to turn it in to something special. Already outfitted with a full bath, the possibilities are endless with this space. The exterior of this home boasts a fenced rear yard, 2 car garage, off street parking, large-covered deck and a covered front porch. Summer fun is just waiting to be had as this home is within walking distance to the community pool. OPEN HOUSE SAT and SUN Jan 18/19 - 12-2pm.
MlsNumber:	--
ListingId:	MDBC2116412

Listing Provided By:	Cummings & Co. Realtors, original listing
Phone:	(410) 823-0033
Office Phone:	(410) 823-0033
Agent Name:	Sheri Hipsley
Disclaimer:	Copyright © 2025 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.

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