Home for Sale at 2800 VIOLET AVENUE, BALTIMORE, MD 21215

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2800 Violet Avenue
Baltimore, MD 21215

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Property Details

List Price:	$230,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	1400
Agency:	Weichert, Realtors

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1920
Notes:	**SHOWINGS WILL ONLY BE DONE IN OPEN HOUSE FORMATS ON THE SCHEDULED DAYS AND TIMES ADVERTISED. PLEASE BE SURE TO REGISTER BY EMAILING THE LISTING AGENT BEFORE THE DESIRED DATE OF ATTENDANCE TO BE SURE YOU GET ANY NECESSARY DATE OR TIMING UPDATES. TENANTS DO LIVE IN THE HOME AND ARE NOT TO BE DISTURBED UNDER ANY CIRCUMSTANCES*<br /> <br /> Welcome to this exquisite, recently remodeled end-unit townhouse located in the Park Circle subdivision of Baltimore City. Perfect for first-time homebuyers looking to house-hack or savvy investors eager to expand their portfolio, this home offers an exceptional opportunity.<br /> <br /> This townhome features new flooring and fresh paint throughout, giving it a refreshed and modern feel. The tiled bathrooms add a touch of elegance, while the finished basement provides a separate living space of its own or could be converted into common space for current tenants, the options are endless. The deck in the rear of the home is a wonderful addition, allowing you to enjoy outdoor living and providing a great space for relaxation or entertaining guests.<br /> <br /> Currently leased in a shared home style, this property boasts three (with a fourth wanting to sign) active leases with tenants who would love to stay on. The home has been lavishly decorated, creating a welcoming and stylish ambiance that will captivate any visitor. Even better, all displayed furniture will remain, becoming the property of the new homeowner, adding immediate value and convenience.<br /> <br /> Don't miss out on this unique chance to own a beautifully furnished, income-generating property in one of Baltimore's prime locations. Whether you're looking to invest or make a smart first-time purchase, this recently remodeled townhome in Park Circle is a must-see!
MlsNumber:	MDBA2128624

Listing Provided By:	Weichert, Realtors, original listing
Name:	Weichert, Realtors
Phone:	(301) 262-3100
Office Name:	Weichert Realtors - Blue Ribbon
Office Phone:	(301) 262-3100
Agent Name:	Myeisha Paskel
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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