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19416 Gunpowder Road
Manchester, MD 21102
$2,600,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
2993
Property Description
This farm offers a piece of Heaven on 26.32 acres of majestic beauty in Northern Baltimore County. In addition to being enthralled with the A-lister views of rolling pastures and mature woods, you will feel like you won the lottery from the "often sought after but rarely found" level of privacy and protection from development afforded with this one. As the last driveway, only reachable by an off-the-beaten-path roadway (granted by your covenant easement), your property is additionally, in part, buffered (and even greater enhanced) by the Prettyboy Watershed. It also, out the gate, will provide you with some enviable choices. You can move into the main house immediately, as-is, or, do updates and/or renovations to the main house, or entirely remake it into the family compound getaway of your dreams. It would even be possible, with a few updates to operate out of a cozy “tiny home” like building on the property to oversee the process of any pre-move-in improvements. The existing main A-frame house is reminiscent of a modern, clean-lined Colorado Ski chalet. It offers generous sized living areas, along with four bedrooms and three full baths. There are decks and balconies on both the first and second floors. The house itself is set on a hilltop, perfectly positioned, like the pearl in an oyster, near the center of the property. The value proposition for your family and your guests is the ever-present opportunity to immerse, refresh, and restore yourselves from the natural beauty inherent with this land. In fact, reveling in the ever-morphing landscape through the seasons will surely become one of your favorite pastimes! The 2993 sq. ft. house has a huge1995 sq. ft. walk-in basement - Total square footage is 4,988 sq. ft And yes, whether or not you already have them, if you aspire to have horses, this property, and the eight stall oak horse barn (pending repairs) allows for that. During the 1980s and 1990s, this farm was registered and operated as “Holly Ridge Appaloosas”. In its heyday, it was home to 26 Appaloosas, including a nationally recognized champion. In addition to the two-car detached garage and eight stall horse barn, there are two “tiny house” type buildings on the farm, two axillary barns and three large storage sheds. The location is perfect for commuters to Hunt Valley, Baltimore and PA to the north. This home is within one mile of the Prettyboy Reservoir which offers many miles of hiking and riding trails, fishing, and more. The present owner has been comfortable commuting to long time position in Washington D.C., since he acquired the property in 2004. Please book your appointment now. In the event the active date changes, you will be notified.
Property Information
Lot Size
26 acre(s) square ft
Property Type
Farm And Agriculture
Year Built
1969
MLS Number
MDBC2086192
Location
Address
19416 GUNPOWDER ROAD
City
MANCHESTER
State
MD
Zip Code
21102
County
CARROLL (NORTH)
Listing
Provider
Berkshire Hathaway HomeServices Homesale Realty, original listing
Name
Berkshire Hathaway HomeServices Homesale Realty
Phone
(717) 286-9913
Office Name
Berkshire Hathaway HomeServices Homesale Real
Office Phone
(410) 583-0400
Agent Name
Michelle Pappas

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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.