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10701 Greenspring Avenue
Lutherville Timonium, MD 21093
$3,600,000
Conventional
Property
Bedroom
7
Bathroom
7
Property Type
Conventional
Square ft
10892
Property Description
Nestled in Greenspring Valley sits an impressive custom stone and shingle colonial on 15.68 acres of picturesque land, offering stunning 180 degree views, privacy and a peaceful environment. This beautifully designed home boasts over 12,000 square feet with 5 bedrooms, 4/1 baths and a 2 bedroom, 2 bath in-law suite. Showcasing attention to detail and craftsmanship, with a touch of elegance and sophistication in every room. This lovely home provides ample space for comfortable family living. When entering, you are greeted by custom millwork and built-ins throughout, creating a warm and inviting atmosphere. The spacious living room and family room have fireplaces that add a touch of warmth and coziness and the walls of windows and French doors provide an abundance of natural light and invites the breathtaking outdoors into the home. The expansive Gourmet kitchen with custom cabinetry, 10 foot center island w/prep station, walk in pantry, breakfast nook and the handsomely appointed Butler's station is adjacent to the formal dining room is an entertainer's dream. The mudroom and back hallway offer direct access to the oversized 2 car garage plus dog washing station. The upper level's spacious primary suite has 2 walk in closets, luxury bath and spectacular view. There are 2 additional bedrooms, 2 full baths and a fourth larger bedroom or office plus 2 multi-purpose rooms over the garage and laundry. The lower level has an oversized recreation room with a wet bar, built-ins, ping-pong and pool table. There is also a bedroom, full bath, exercise room, and two extensive utility- storage rooms. One of the most unique features of this estate is the seamless integration of the In-law suite with it's own private entrance. A home in itself with spacious living areas, kitchen, high ceilings, fireplace, built-ins, laundry and so much more. With so many possibilities it allows for multi-generational living or the ability to welcome guests while ensuring everyone has their own comfortable and private living area. The outdoor areas of the property are beautifully landscaped, with hardscaped patios and porches perfect for relaxing and enjoying the natural surroundings. There is also a screened porch, offering a comfortable space to enjoy the outdoors and the scenic vista. A charming Amish-built barn serves as a two car garage. All these wonderful features and amenities combined make this glorious home on 15.68 acres a luxurious and comfortable living experience, providing both functionality and elegance in every aspect of the home. This lovely home is conveniently located to schools, shopping and is surrounded by properties in permanent conservation.
Property Information
Lot Size
15 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
MDBC2092068
Location
Address
10701 GREENSPRING AVENUE
City
LUTHERVILLE TIMONIUM
State
MD
Zip Code
21093
County
BALTIMORE (TOWSON)
Listing
Provider
O'Conor & Mooney Realtors, original listing
Name
O'Conor & Mooney Realtors
Phone
(410) 321-8800
Office Name
O'Conor, Mooney & Fitzgerald
Office Phone
(410) 321-8800
Agent Name
Thomas Mooney

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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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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.