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505 Pond View Lane
Hunt Valley, MD 21030
$2,799,999
Conventional
Property
Bedroom
7
Bathroom
9
Property Type
Conventional
Square ft
12047
Property Description
Experience the grandeur of an exceptional Georgian manor nestled within the prestigious Hayfields, Hunt Valley's esteemed golf & country club. Enjoy the exclusivity of residing on one of the select parcels surrounded by lush fairways, offering panoramic vistas from every vantage point. Upon arrival, marvel at the elegance of the 2-story foyer, featuring marble floors and a curved staircase, while taking in the picturesque views of the golf course and serene pond. Entertain and unwind in the expansive double-height great room, graced with a vibrant hearth and flooded with natural light from expansive windows. Step outside onto the expansive deck and patio, perfect for al fresco dining under the stars. Imagine your own private oasis in the lush backyard, with ample space for a private pool. The open-concept living area seamlessly connects to the gourmet kitchen, boasting a commercial range with hood, double oven, stainless steel appliances, beautiful hardwood cabinets, granite countertops, and a large island with additional sink and breakfast bar. The main level also features a half bath, laundry room, access to the attached 3-car oversized garage, additional staircase to second level, bonus full bath, separate formal dining room, formal living room, and office, each with their own fireplace. Retreat to the serene main floor primary suite, boasting hardwood floors, 2 large walk-in closets, fireplace, private deck access, and a luxurious spa retreat complete with a soaking tub, dual vanity, and stand-up shower. The second level offers 4 large bedrooms, each with an en-suite bath and walk-in closet, along with a spacious game room. Ascend to the remarkable third floor, which features another expansive bedroom with en-suite bath and ample storage space. The newly finished lower level offers over 3,700 square feet of living space, including a full kitchen, recreational area, gym, bedroom, full bathroom, and abundant storage. Encompassing over 12,000 square feet across four levels, this magnificent brick manor provides ample space for luxurious living. Residents who opt to join the esteemed Hayfields Country Club will enjoy convenient access to its array of amenities, including the elite Golf Course, dining at the Redwood Grill & Hayfields Mansion, Pool, Pickle Ball & Bocce Courts. Embrace the quintessential Hayfields lifestyle just moments away from Interstate 83 and Hunt Valley Towne Center. Welcome to a residence where elegance converges with indulgence, offering a life of refinement and tranquility in the heart of Hunt Valley.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
MDBC2094264
Location
Address
505 POND VIEW LANE
City
HUNT VALLEY
State
MD
Zip Code
21030
County
BALTIMORE (NORTHWEST)
Listing
Provider
Cummings & Co. Realtors, original listing
Name
Cummings & Co. Realtors
Phone
(410) 675-1550
Office Name
Cummings & Co. Realtors
Office Phone
(410) 823-0033
Agent Name
Allison Williamson

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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.

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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. 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.