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14974 Potomac River Drive
Cobb Island, MD 20625
$689,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2286
Property Description
Welcome home to your waterfront oasis, where breathtaking views of Neale Sound and Potomac River unfold before you. This charming property offers more than just a picturesque setting – it's a lifestyle defined by the tranquil waters and thoughtful amenities. As you approach the house, an attractive entry foyer welcomes you inside. The main level features a bedroom with an updated bathroom, providing convenience and comfort. Ascend a few steps to the heart of the home, where a well-appointed modern kitchen, complete with an island with prep sink and beautiful, unique cabinetry that makes meal prep a pleasurable experience. Also, a natural light flowing dining area, and living room add to your entertaining experiences.The sunroom/family room beckons with its warmth, leading to a spacious, maintenance-free deck overlooking Neale Sound. Step into a world of relaxation on the deck or find solace in the small screened porch, offering views of the front yard, an English tea garden, and a glimpse of the Potomac River – a perfect spot for quiet moments. The main level also hosts a large bedroom with an en-suite bath, complete with a jetted tub, separate shower, laundry area, and a skylight that fills the space with natural light and a door that leads out to the deck. Hardwood flooring graces the main level, complemented by the convenience of an elevator providing access to all three floors. Venture upstairs to discover a uniquely designed third bedroom, boasting its own full bathroom. Throughout the home, you'll find ceiling fans and recessed lights adding to the ambiance. The Nutone intercom system enhances connectivity and convenience. The long wharf outside features a covered boat house with a lift and slips for two additional boats. Water and electric on the pier make it easy to enjoy the waters, especially with your own sandy beach area right on the property. The deck leads to a hot tub and fire pit area, creating a perfect outdoor retreat. A small finished utility basement provides extra space – perhaps a play area for kids or great storage area (low ceiling). Outside, ample storage under the deck ensures you have room for all your belongings, kayaks, water toys, fishing gear, etc. This waterfront property isn't just a home; it's a destination where every day is filled with the beauty of Neale Sound and the Potomac River. Come and experience the serenity of waterfront living.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1955
MLS Number
MDCH2028082
Location
Address
14974 POTOMAC RIVER DRIVE
City
COBB ISLAND
State
MD
Zip Code
20625
County
CHARLES
Listing
Provider
Century 21 New Millennium, original listing
Name
Century 21 New Millennium
Phone
(703) 753-7910
Office Name
CENTURY 21 New Millennium
Office Phone
(301) 609-9000
Agent Name
Sandi Denny

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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.