Home for Sale at 6 RAILROAD AVENUE, SYKESVILLE, MD 21784

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6 Railroad Avenue
Sykesville, MD 21784

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Property Details

List Price:	$349,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1721 Square Feet
Agency:	Coldwell Banker Realty

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1885
Notes:	Contract fell through. Back on market. Septic is OLD apperently hand built back in the day and is SMALL but is working and has not been any problem during sellers ownership. Septic has been recently pumped and new lid and clean out recently installed. Seller will NOT replace the working septic system unless cost is added to contract price. Price reflects old septic although this home is in great shape otherwise. This affordable Carroll County home offers Soooo much serinity and privacy with water view. This single family colonial has a partially wrap around front porch that faces the scenic South Branch of Patapsco River on the Howard County boarder. Not much water view property available in Carroll County and none at this price. After long term tenant last year, home has recently been updated, freshly painted and refreshed. New central A/C and Heating unit. New vinyl wood flooring installed throughout the main level to include the kitchen, dining room and very large living room, and new lighting installed . Down stairs bath has a jacuzzi tub and the upstairs master bath just remodeled with new extra large shower, with marble tiles and new fixtures. New carpet installed in all 3 bedrooms. (Master bedroom now has a small stain on carpet, but seller can replace if requested.) Spacious master bed with cathedral ceiling and ceiling fan. Plenty of parking and 2 driveway areas, one with a retaining wall. Quite patio in the rear with private setting area. and WOW what a great river view and wonderful river sounds from your own front porch. All designed for you peaceful and tranquil enjoyement. All appliances are working and nice but sold as is. Currently vacant and easy to show. Agent is owner.
MlsNumber:	--

Listing Provided By:	Coldwell Banker Realty, original listing
Phone:	(410) 795-9600
Office Phone:	(410) 876-1666
Agent Name:	Denise Delawder
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.

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