Home for Sale at 58 CABOTS COURT, WARWICK, MD 21912

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58 Cabots Court
Warwick, MD 21912

Sherry Lynch with RE/MAX Associates - Newark, original listing - (302) 453-3200

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Property Details

List Price:	$609,900
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2198 Square Feet
Agency:	RE/MAX Associates - Newark
Agency Phone:	(302) 453-3200

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1998
Notes:	This is the one you have been waiting for. Well-maintained 2-story home with a large lot and built-in pool. The gourmet kitchen has a large center island, a granite countertop, and a double oven. Sleek black stainless appliances. So many recent updates for the new owner to enjoy. Pendant lighting, recessed, and under-cabinet lighting are just some of the nice finishes to the kitchen. Easy to clean tile entry, kitchen, and the family room. The family room, living room, kitchen, and dining room have chair rail molding. Sellers have just replaced all the carpet and upgraded light fixtures. The mudroom /laundry area is spacious with tile flooring leading you to the 2-car garage. The primary bedroom has hardwood flooring. As you enter the primary bath you will find a brand-new vanity with double sinks, new lighting, tile flooring, and a garden tub. The hall bath also has a new vanity and new lighting. A brand-new sliding door from the family room leads to the deck. As you sit on the deck, you have a wonderful view of the expansive backyard and the 26 x 47 built-in pool. The pool features a 6-foot seat in the deep end. The deep end of the pool is 8ft. The pool is surrounded by a vinyl picket fence. The home also comes with a backup generator. If you have dogs you will appreciate the underground electric fence. The full basement offers many options to a new owner. The roof was replaced in 2024. More pictures coming soon.
MlsNumber:	--
ListingId:	MDCC2016338

Listing Provided By:	RE/MAX Associates - Newark, original listing
Phone:	(302) 562-0058
Office Phone:	(302) 453-3200
Agent Name:	Sherry Lynch
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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