Home for Sale at 9980 WINDING CREEK PLACE, NEWBURG, MD 20664

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9980 Winding Creek Place
Newburg, MD 20664

Pat Capps with O Brien Realty, original listing - (301) 884-7400

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Property Details

List Price:	$1,100,000
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2843 Square Feet
Agency:	O Brien Realty
Agency Phone:	(301) 884-7400

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Description/Comments

Lot Size:	7 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2003
Notes:	Beautiful 3 bedroom, 2.5 bath, den, single story home situated on a pristine 7.6 acre lot. Property also includes an additional 2 lots measuring approximately 6.8 acres and 32 acres, both with older percs. Now being leased to a local farmer to keep property in Agricultural state. This could be the perfect family compound. Home includes living room, with hardwood floors, cathedral ceilings w/ceiling fans, a floor to ceiling stone gas fireplace with openings on both sides. Step into the eat-in kitchen with granite counter tops, beautiful cabinetry, island and a generous amount of cabinet space. Also includes newer appliances. Dining room includes chair rail, crown molding and hardwood flooring. Primary bedroom includes ceiling fan, walk-in closet, small side screened-in porch and a private bath. Now for the exterior. This includes: massive 4 car attached garage. But that's not all, there is also a 48 x 30 metal outbuilding with electric for all your lawn equipment, toys, boats, and RV's etc. Also includes a large front porch, side screened-in porch and<br /> patio out back. The majority of the home is on a crawl space except for a small basement area to house all the utilities and some storage. There is also a whole house generator that powers up everything if the electric goes out. This beauty is being Sold strickly As Is due to the property being in a trust. Come out and view, you won't be disappointed.
MlsNumber:	--
ListingId:	MDCH2033402

Listing Provided By:	O Brien Realty, original listing
Phone:	(301) 884-7400
Office Phone:	(301) 884-7400
Agent Name:	Pat Capps
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.

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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.

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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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