Home for Sale at 4220 THORNCLIFF ROAD, NOTTINGHAM, MD 21236

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4220 Thorncliff Road
Nottingham, MD 21236

STEPHEN PIPICH with VYBE Realty, original listing - (410) 220-4648

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Property Details

List Price:	$349,900
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2025 Square Feet
Agency:	VYBE Realty
Agency Phone:	(410) 220-4648

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1949
Notes:	Newly remodeled 3BR/2BA expanded cape cod located on a pristine lot in Nottingham! Walk up to the covered front porch and open the door into your forever home. Step inside to a newly painted interior, luxury flooring, recessed lighting and tons of natural light throughout. The spacious living room offers plenty of space for entertaining and opens nicely into the cozy dining room. Beyond the dining room is a new kitchen offering plenty of cabinets, granite countertops with a tiled backsplash, stainless steel appliances, and a stainless sink under a window. The main floor boasts a large primary bedroom, a secondary bedroom, and a newly remodeled and beautifully tiled full bath with a large vanity. On the second floor is a bonus space offering the third bedroom and attic storage. The lower level is finished boasting additional living space featuring a large family room, a newly remodeled full bath with a double sink vanity and walk-in shower, laundry, storage, and a walk-out to the amazing yard space. From the main floor step outside to a newly constructed wood deck with steps leading to a lower patio, a shed under the deck, tons of green space and loads of possibilities. This home is move-in ready with so much to offer new homeowners and is located within close proximity to shopping, restaurants, and commuter routes.
MlsNumber:	--
ListingId:	MDBC2114978

Listing Provided By:	VYBE Realty, original listing
Phone:	(410) 220-4648
Office Phone:	(410) 220-4648
Agent Name:	STEPHEN PIPICH
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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