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555 Kate Wagner Rd
Westminster, MD 21157
$2,500,000
Conventional
Property
Bedroom
6
Bathroom
11
Property Type
Conventional
Square ft
--
Property Description
A stately gated entrance and private drive announce arrival to this majestic estate home sited on a hill presiding over 12 rolling acres. A circular drive is centered on the covered front porch and architectural gantry balcony above. The stone porch and commanding wood entry doors are articulated with leaded glass, sidelights, and an elegant eyebrow transom. Inside, a two-story marble foyer is sided by wall niches, curved staircases to upper and lower floors, and a grand hall on each side. Above, a dramatic dome and feature chandelier on a lift add to draw your eye upward with experiential splendor. The grand side halls flanking the foyer open to the banquet-sized Formal Dining Room on one side, and a formal study richly appointed with a brick fireplace on the other. Architectural columns define the foyer as it unfolds through a sweeping central arch into the storied formal living room. A stone arch surrounds a gas fireplace on center axis with three sets of French doors that border the octagonal-shaped living room, each opening to a wrap-around rear porch. The octagonal shape is repeated above in the mezzanine overlook with French doors that open to a rear balcony and sweeping arched windows. Repeated architectural arches, strong multi-piece crown moldings, tall base moldings, and multi-tray ceilings, along with fine finishes, combine to become the design language throughout this luxury estate home. A secondary back stair to upper sleeping quarters is discreetly located adjacent to one of four entry points to the gourmet kitchen and breakfast room, which are the heart of the home. Perfect for gatherings large and small, the floor plan offers traffic flow options and easy passage from room to room, along with speakers in every room for festive occasions. The large gourmet kitchen offers stainless appliances including a professionally sized Viking fridge and freezer, Viking gas range, hood, two dishwashers, walk-in pantry, center island, secondary prep sink, and a peninsula breakfast bar that transitions to an octagonal breakfast room. Architectural brick arches open to the Family room with a cozy brick fireplace and abundant space for large, informal gatherings where guests can meander outside through French doors. Friends and family can enter and exit through a less formal, secondary entry and covered porch, or through the laundry/mudroom side access and covered porch option. Thoughtful design in this floor plan offers versatility and flexibility for change, and lifestyle options. Main level living can be paramount, and this floor plan boasts a dedicated primary suite wing with two fireplaces, sitting area, private balcony, luxury jetted bath, separate vanities, dressing table, and steam shower. The main level is concluded with another secondary en-suite bedroom with a corner built-in and private bath, adjacent to the Primary Suite wing. Upstairs, there are four more en-suite bedrooms, a second laundry with hook-ups, a library with built-in bookcases, and a sixth ensuite bedroom option that is nearly finished. Endless entertainment options abound on two lower levels. Lower level One has a central wrap-around wet bar flanked by two bathrooms and two stair entry options. A fully finished recreation and billiards room share a brick fireplace and butler's service bar. The adjacent exercise room has a partially finished full bath and walk-in closet for expanded flexibility. Opposite the wet bar, a pair of French doors open into an elaborately finished Theater room, outfitted with risers, eight recliners, iPad control projector, screen, surround sound speakers, and sound barrier. Options galore include a light-filled walk-out game area with observation windows open to the sport court and B-Ball hoop below. This is truly an extraordinary home with extraordinary architecture, extraordinary finishes, and extraordinary amenities. Come home to EXTRAORDINARY!
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
2011
MLS Number
MDCR2019196
Location
Address
555 KATE WAGNER RD
City
WESTMINSTER
State
MD
Zip Code
21157
County
CARROLL (NORTH)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Clarksville
Office Phone
(888) 536-0216
Agent Name
Creig Northrop

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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.