Home for Sale at 703 HILLEN RD, TOWSON, MD 21286

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703 Hillen Rd
Towson, MD 21286

Jack M Missry with Baltimore Regional Center, original listing - (888) 536-0216

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Property Details

List Price:	$599,000
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	--
Agency:	Baltimore Regional Center
Agency Phone:	(888) 536-0216

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1951
Notes:	Nestled in Towson's desirable Fellowship Forest neighborhood, this charming property offers a unique opportunity to own over an acre of land for under $1 million in Towson. Commonly known as the Azalea House, thanks to the abundance of blooming azaleas that grace the landscape, This home is a private oasis surrounded by nature. The backyard features a serene stream, and the property backs onto wooded land, providing a secluded and tranquil retreat. As you enter this light-filled home, you're greeted by a cozy living room with a large brick fireplace, perfect for relaxing evenings. To your right, a convenient half-bathroom serves both you and your guests. The kitchen, which overlooks the multilevel deck and backyard, is ideal for entertaining, while the adjacent dining room features sliding doors that open onto the deck, creating a seamless indoor-outdoor living experience. Upstairs, you'll find two generously sized bedrooms, each with access to a balcony, allowing you to enjoy both front and back views of the picturesque surroundings. The upper level has been freshly painted, offering a clean and inviting space. The walkout basement adds even more living space, featuring a large bedroom with beautiful French doors that flood the room with natural light. A full bathroom, family room, laundry area, and workshop complete the lower level, providing versatility and convenience. Air conditioner 2 years old. This home truly offers the best of both worlds: a peaceful, private setting within easy reach of Towson's amenities. Be sure to visit the Baltimore County website to stay updated and see what is new at the schools in the area.
MlsNumber:	--
ListingId:	MDBC2105128

Listing Provided By:	Baltimore Regional Center, original listing
Phone:	(888) 536-0216
Office Phone:	(888) 536-0216
Agent Name:	Jack M Missry
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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