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7505 Lhirondelle Club Road
Towson, MD 21204
$1,690,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
6570
Property Description
Perched atop L'Hirondelle Club Road, in the heart of Ruxton, sits a classic Colonial beauty that has been loved by the same family for over 50 years. Going far beyond "lovingly maintained," the current homeowners have been meticulous on the upkeep, care, and improvement of the property. Situated on over an acre and a half, every box on your list is checked off here. The main home consists of 4 bedrooms, 2 full baths, and 2 half baths. A bonus apartment contains an additional bedroom and bathroom. Entering the central hall colonial, the foyer is flanked by a cozy den to the left and a spacious living room to the right. Both rooms feature wood burning fireplaces and huge bay windows, allowing tons of natural light to flood each room. A bonus in the wood paneled den is a quintessential mid-century closet bar. The eat-in kitchen and attached butler's kitchen have been updated and offer an enormous amount of storage space. Depending on one's needs, the butler's kitchen could be reimagined to expand the main kitchen or possibly add a spacious mudroom & laundry room just off the attached two car garage. A formal dining room is large enough for full scale family gatherings and even your largest pieces of furniture. The oversized rear patio, sure to be a favorite of both family and friends alike, leads out to a fabulous pool and backyard- the ideal summer hang out. Upstairs there are four spacious bedrooms and two full bathrooms. A laundry room on this level could easily be converted to a 3rd full bathroom, depending on ones needs. The lower level is partially finished and includes a half bath, wine room, and endless storage. It is otherwise a blank slate depending on your needs. But that's not all. Sharing a wall with the main house, but otherwise self sufficient, is a separate standalone apartment which was constructed in the same manner and with the same quality as the main house. The guest apartment / in-law suite is perfect for grandparents, live-in help, out of town visitors, or whatever your needs may be. It is more than your typical "in-law suite." It is truly a second home, complete with generously sized living & dining rooms, kitchen, office, screened in porch, bedroom and bathroom- all on one level. Being forward thinking, the homeowners have made huge investments to ensure the house is energy efficient. The recently installed geo-thermal system keeps utility costs astonishingly low year round. With the convenience and privacy that this Ruxton location offers, it is clear why homes in the neighborhood are in high demand and do not last long!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1967
MLS Number
MDBC2093670
Location
Address
7505 LHIRONDELLE CLUB ROAD
City
TOWSON
State
MD
Zip Code
21204
County
BALTIMORE (TOWSON)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(410) 886-7342
Agent Name
Jeremy Batoff

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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.