Home for Sale at 6641 GREENHILL COURT, HUNTINGTOWN, MD 20639

6641 Greenhill Court
Huntingtown, MD 20639

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Property Details

List Price:	$740,000
Beds:	5
Baths:	5
Status:	Active
SqFt:	3785
Agency:	Douglas Realty LLC

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential
Year Built:	1996
Notes:	Private Country Living! Five acres of privacy and 2 Attached Garages could be yours, and you still have easy commuting access from Lower Marlboro Road and Route 4. The owners have already established a lot of cleared paths in the woods on the property for four wheeling, dirt-biking and outdoor fun! No covenants to bother you here, and you can expect daily visits from all sorts of wildlife. Unlike most colonials, this house features a first floor bedroom suite with sitting room, bedroom and full bath. There is also a full owners suite on the upper level with spacious bath and separate shower. You will find 3 other bedrooms upstairs, and one completely renovated bathroom. The lower level is finished with another full bath and large recreation area spaces. There 2nd attached garage is under the house, and serves as a great workshop or the perfect place for your prized possessions. The kitchen has been updated with new LVP floors, custom ceilings, stainless steel appliances, and lovely solid wood custom painted cabinetry. Separate living room/office on first floor for all your work needs. Oversized two car garage with garage-attic storage space provides ample space for vehicles, tools, and toys.
MlsNumber:	MDCA2016220

Listing Provided By:	Douglas Realty LLC, original listing
Name:	Douglas Realty LLC
Phone:	(866) 987-3937
Office Name:	Douglas Realty LLC
Office Phone:	(866) 987-3937
Agent Name:	Curtis Marshall
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.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing