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1021 Saffell Road
Reisterstown, MD 21136
$2,750,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1566
Property Description
LOCATION LOCATION LOCATION “Land: they’re not making any more of it,” said Mark Twain. A rare opportunity to own 140+ acres in Baltimore County that is ONLY 3 miles to I-795, ONLY 4 miles to the Under Armour Performance Center, ONLY 5 miles to the Owings Mills Metro! 18 miles to Camden Yards; 19 miles to the Horseshoe Casino; 19 miles to M&T Stadium; 25 miles to BWI. Where else are you going to find this much land, with this much serenity and seclusion, and this much potential, this close to the places you want to be? Prefer small towns over the city? Saffell Road is only 2 miles from historic Main Street Reisterstown. Adjacent to Maryland’s DNR Soldier’s Delight’s 1,900 acres. Saffell Road features its own private 90-acre forest preserve for your recreational or hunting pursuits. Your private forest can also be sustainably harvested, providing base income for the property (see disclosures). Just a stone’s throw away is the vast Liberty Reservoir for fishing, kayaking and canoeing. The historic 1910 (est, rumored to be older) farmhouse is sited in the middle of approximately 50 rolling acres, on the highest spot, with spectacular sunrise and sunset vistas. No need to choose your view! You can enjoy morning coffee watching the sunrise wrapped in a blanket on your front porch and unwind out back watching the sun set. On a clear day, you can almost see to Westminster! You may be inspired to expand upon this historic charmer, which features Maryland’s famous “Chesapeake Hue” stone, mined at the 200 year-old Butler quarry and internationally prized for its combination of quartz, mica, feldspar, iron and tourmaline. Farmhouse interior sports recently updated kitchen, fabulous stone fireplace, 2 bedrooms, 1.5 baths, and is livable as is while you plan your vision for your home – or keep it as is for an easy weekend retreat! Well-maintained charming outbuildings include stone spring house/smokehouse/studio, plus a large bank barn, massive machine sheds, kennels and more – plenty of storage space for equipment, collector cars or toys. The cleared acres are ideally situated for a variety of farming activities, such as (but not limited to) hops, horses, vineyards, pick-your-own fruit/vegetable/flower farm (sunflowers!), goat yoga, sheep, alpaca, corn mazes, horseback riding stable (lessons, guided trial rides, pony parties), Thoroughbred breeding/training (convenient to Pimlico), petting farm, herb farm, truffle farm (all those woods!), sheep, alpaca or llamas. Approximately 10 acres current in board-fencing. Open land has been maintained (mowed) but not actively farmed, so could possibly qualify as organic. Stream, plus reportedly home to mineral springs (your own bottled water?). Or lease the land to a local farmer and just enjoy the income. NO HOA. Walk to charming Coppermine Green Valley swim club. Property is in conservation and forestry easements. Parcels Tax ID#s:2300006004, 2300006005,230006006. BEING SOLD AS IS. Proper showing of all 3 parcels takes about and hour and a half, so please plan accordingly. Qualified buyers only. Property might qualify to have a second home, keep the first house for farm manager, guest house or tenant house. Buyer to verify percs, permits and uses. Do not visit property without appointment. Listing agent must be present. Land plus location location location.
Property Information
Lot Size
140 acre(s) square ft
Property Type
Residential
Year Built
1910
MLS Number
MDBC2090558
Location
Address
1021 SAFFELL ROAD
City
REISTERSTOWN
State
MD
Zip Code
21136
County
BALTIMORE (NORTHWEST)
Listing
Provider
eXp Realty LLC, original listing
Name
eXp Realty LLC
Phone
(888) 860-7369
Office Name
EXP Realty, LLC
Office Phone
(888) 860-7369
Agent Name
Crystal Pickett

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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.