Home for Sale at 40 SAMUEL CHASE DRIVE, PORT DEPOSIT, MD 21904

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40 Samuel Chase Drive
Port Deposit, MD 21904

Carolyn Quelly with Integrity Real Estate, original listing - (410) 287-8080

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Property Details

List Price:	$447,500
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	2268 Square Feet
Agency:	Integrity Real Estate
Agency Phone:	(410) 287-8080

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1997
Notes:	Welcome HQME to 40 Samuel Chase Dr. in the peaceful town of Port Deposit, MD! This move-in-ready home is ideally located on a private, flat acre lot within a quiet neighborhood surrounded by sprawling farmland. The main living space is flooded with natural light from the over-sized window to the front yard. The kitchen opens to the dining area and a weatherproof deck overlooking the spacious backyard with evergreens to the rear. Boasting 4 bedrooms and 3 distinct living areas, the upper level consists of 2 generously sized bedrooms, both with new carpet and en-suite bathrooms. One of the en-suites has access to the hallway for a guest bathroom as well. The lower level contains 2 additional bedrooms, a third full bathroom, garage access and a 2 large living spaces, which could easily be converted to a 5th bedroom if desired. The 2-car garage is oversized with a pull-down attic for additional storage. Recent updates include NEW LVP on lower level, new carpet in upper-level bedrooms and fresh paint throughout. This property is within minutes of 95 access for commuting to Harford & Baltimore Counties as well as the historic downtown of Port Deposit with its vibrant restaurants and water activities. Check out this home today to move in before the summer weather! Don't miss the virtual tour: https://bit.ly/40SCBTour
MlsNumber:	--
ListingId:	MDCC2016260

Listing Provided By:	Integrity Real Estate, original listing
Phone:	(410) 658-3100
Office Phone:	(410) 287-8080
Agent Name:	Carolyn Quelly
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.

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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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