Home for Sale at 15300 ELECTRIC, HUGHESVILLE, MD 20637

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15300 Electric
Hughesville, MD 20637

Patti Stinnett with EXIT Here Realty, original listing - (301) 932-7800

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Property Details

List Price:	$639,900
Beds:	4
Baths:	Full: 3
Status:	Active
SqFt:	3968 Square Feet
Agency:	EXIT Here Realty
Agency Phone:	(301) 932-7800

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2009
Notes:	Wow! Just under 4000 Square feet you will have plenty of space to spread out!! This wonderful rambler boasts 4 bedrooms and 3 full bathrooms. There is another room in the basement that is large enough to use for a 5th bedroom or use this room as an office or TV room! This home has an open floor concept with a dining area that leads to the large deck. Here you can sit on the deck and enjoy the sounds of wildlife or watch the deer roam near the edge of the woods. There are 3 spacious bedrooms on the main level, plus a small office area. The primary bedroom suite offers two walk-in closets, a jetted soaking tub, a separate shower, dual sink vanity with storage and custom cabinets, and a separate stall bathroom area for privacy. The kitchen has a center island, purchased 2024 stainless steel appliances, cabinets with the soft close drawers, a huge pantry area with pull-out shelving, and all counter tops are granite! There is plenty of recessed lighting, a sprinkler system in case of a fire, newer hot water heater, HVAC system is 2024 with 10 year warranty, installed by Boothe's and has a smart thermostat with a 1 year comfort plan included!!! The living room has recessed lighting and an extra large tray ceiling, the flooring is wide plank hard wood flooring through the LR, DR, and kitchen!!! 200 amp electrical service too! The attached 2 car garage has a an extra flex room too!!! Most carpet replaced 2024. <br /> There are so many extras to enjoy in this immaculate rambler, once you see this, you will not want to leave, you will know you are home! This home is right off of route 5 in Hughesville, close to Calvert, St. Mary's, PAX River, close to shopping, you will love this one!
MlsNumber:	--
ListingId:	MDCH2036348

Listing Provided By:	EXIT Here Realty, original listing
Phone:	(301) 932-7800
Office Phone:	(301) 932-7800
Agent Name:	Patti Stinnett
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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