Home for Sale at 10896 DRUMMOND PLACE, WHITE PLAINS, MD 20695

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10896 Drummond Place
White Plains, MD 20695

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Property Details

List Price:	$402,890
Beds:	3
Baths:	4
Status:	Active
SqFt:	--
Agency:	RE/MAX 100

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2024
Notes:	This three-story Tydings II END UNIT townhome features a modern, open-concept design that provides ample room to grow and entertain. The foyer leads to a one car garage and spacious recreation room that can easily operate as a TV room, game area, or just a quiet place to curl up in with a good book. The upstairs is the main living area of the home, the family room is excellent for relaxing, hosting movie nights with loved ones and daily activities, the well-equipped kitchen with Island and stainless-steel appliances is great to serve piping-hot meals straight off the stove and host delicious meals of all sizes. Conveniently situated near the kitchen, the dining area features a casually elegant ambiance that makes guests feel right at home at mealtimes. Occupying the top floor is a private ownerâ€™s suite with an en-suite bathroom, two secondary bedrooms and laundry closet. Closing costs offered with the use of Lennar Mortgage and title. Rest assured knowing that while the photos provided are for illustration purposes only, the actual home will exceed your expectations with its impeccable craftsmanship and attention to detail. Don't miss your chance to call the Tydings home and experience the ultimate blend of luxury, convenience, and community in the St Charles - Highland enclave. Enjoy community amenities, clubhouse, fitness center, swimming pool, tot lot/playground and dog park. Contact us today to schedule your private tour and secure your slice of paradise before it's too late! Prices and features are subject to change, so act fast to make this dream home yours.
MlsNumber:	MDCH2033362

Listing Provided By:	RE/MAX 100, original listing
Name:	RE/MAX 100
Phone:	(301) 258-7757
Office Name:	RE/MAX 100
Office Phone:	(301) 843-5100
Agent Name:	Errin Smith
Disclaimer:	Copyright Â© 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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