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11504 Saint Davids Lane
Lutherville Timonium, MD 21093
$1,445,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
5193
Property Description
Open House for 4/21/2024 Cancelled, Home Under Contract. Contemporary Pool House in Greenspring Valley next to Castanea Estates. This 6 Bedroom 4.5 Bathroom home has been given a fresh modern update throughout its 5,200 square feet of living space. The main living level is airy and bright with vaulted ceilings, multiple skylights, and various access points to the outdoors. The new Chef’s grade kitchen features Stainless Steel Viking Appliances, Calcutta Quartz countertops & backsplash paired alongside custom cabinetry and custom lighting. The dining room and living room seamlessly flow together and out onto the expansive wrap around deck, which overlooks the sparkling inground pool and lush backyard, and makes for the perfect setting for spring al fresco dining. 2 Gorgeous Fireplaces can also be found at separate ends on the main living level creating a cozy atmosphere anytime of the year. The main primary suite is an oasis of its own with the completely reimagined en-suite bath featuring a rejuvenating soaking tub, double vanity, and invigorating walk-in shower with a rain shower head, multiple body jets, and body wand. 4 more Bedrooms and 2 full bathrooms can be found on the second level, and on the lower level, the fully finished basement offers an additional bedroom and full bathroom, along with additional entertaining space. A custom bluestone ledge accents the outdoor pool area and custom pool deck in the park like setting of the expansive back yard, which comes complete with a stainless-steel outdoor cooking station, perfect for those steamy summer nights.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1987
MLS Number
MDBC2093030
Location
Address
11504 SAINT DAVIDS LANE
City
LUTHERVILLE TIMONIUM
State
MD
Zip Code
21093
County
BALTIMORE (TOWSON)
Listing
Provider
Monument Sotheby's International Realty, original listing
Name
Monument Sotheby's International Realty
Phone
(703) 935-9889
Office Name
Monument Sotheby's International Realty
Office Phone
(410) 525-5435
Agent Name
Charlie Hatter

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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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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.