Home for Sale at 1154 GYPSY LN E, TOWSON, MD 21286

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1154 Gypsy Ln E
Towson, MD 21286

Martha Lessner with Baltimore Regional Center, original listing - (888) 536-0216

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Property Details

List Price:	$659,000
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	--
Agency:	Baltimore Regional Center
Agency Phone:	(888) 536-0216

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1958
Notes:	Renovated, beautiful and well maintained stone rancher in Hampton. Entering the foyer from the covered front porch is very welcoming. Large formal living room has skylights, wood floors, bay window and a gas fireplace. The formal dining room has wood floors and terrific glass doors that open up to the bluestone patio and back yard. Remodeled kitchen with stainless appliances, granite counter tops, tile splash, and wood floors also offers a breakfast bar. Three bedrooms and two full remodeled baths one is ensuite to the primary bedroom. That bath offers a tile shower, soaking tub and double vanity. The family bath has a large tile shower as well. The property .70 acres has gorgeous landscaping and hardscaping with a pond. There is a very nice privacy fence along the rear bluestone patio which allows for relaxing and enjoying the private back yard. A few wonderful extras: gutter guards, new 50 gallon electric water heater, step down pressure valve on main water line to maintain normal water pressure, laundry is on the main level, Ring doorbell system, Smart Thermostat, 25 year Class A self sealing fiberglass shingles installed in 2015, septic system is a Hoot system seller has renewed the contract for a year, added blown in fiberglass attic insulation to achieve R-38 rating, some plantation shutters, lower level with full bath also has a finished space with day light and an outside entrance that has a sink entertaining area could be used as family room or office or 4th bedroom if needed
MlsNumber:	--
ListingId:	MDBC2101432

Listing Provided By:	Baltimore Regional Center, original listing
Phone:	(888) 536-0216
Office Phone:	(888) 536-0216
Agent Name:	Martha Lessner
Disclaimer:	Copyright © 2024 Long & Foster Real Estate. 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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