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16905 Tidewater Lane
Hughesville, MD 20637
$1,135,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4399
Property Description
PRICED BELOW APPRAISED VALUE! QUICK OCCUPANCY! This stunning colonial is a masterpiece of luxury and comfort, with every detail carefully crafted for the perfect living experience. You'll be greeted by a grand foyer banked by a formal living & dining rooms that leads to a spacious 2 story familyroom with stone fireplace! AMAZING custom gourmet kitchen. The chef's island is perfect for entertaining guests, and the internet-connected refrigerator and separate chipped icemaker will ensure that your beverages are always perfectly chilled. Custom cabinets loaded with features such as pull out shelves, racks, spice & spacious pot drawers, soft self close doors, wine rack, lighting, the list goes on.. Whip up meals on the gas cooktop, double convection oven & microwave! Clean up is easy with 2 sinks (1 has an instant filtered hot water dispenser), dishwasher & trash compactor! LED lighting! Complete office suite desk & cabinets convey. The primary bedroom is a true sanctuary, with a sitting area and a lighted tray ceiling with a TV mount. The built-in craft/storage cabinets in the 4th bedroom with a pull-down table are perfect for those who enjoy DIY projects or want a dedicated space for their hobbies. The bathrooms are equally luxurious, with ceramic tiled showers and flooring, custom bath vanities, and separate soaking/whirlpool tubs that will leave you feeling pampered and relaxed. Lower level is completely finished as an in-law apartment with 2nd kitchen, bedroom, bath, recreation rooms. Sauna is installed but needs heating element & final connection. (also plumbed for washer/dryer) And if you love to spend time outdoors, check out the completely fenced backyard paradise this home has to offer! The 4 yr old saltwater heated inground pool is perfect for swimming laps or simply lounging in the sun, while the rock slide waterfall and fountain waterfall add an extra touch of elegance and tranquility. The waterfalls, gas tiki torches and lighting are even APP controlled, so you can set the perfect mood for any occasion. Enjoy sitting around the gas fireplace table with covered trellis listening to the trickling tropical waterfall garden or sitting by your outdoor TV during football season! Pool shed storage with ceiling fan & window A/C. If you are a car buff, contractor, or just like to tinker, you will love the detached 40 X 50 garage with 750 sq ft finished upper level with full bath. Room for 10 cars in detached, 5 cars in attached garages! Already wired for 3 phase converter & compressor air lines are roughed in! No HOA! All mounted TV's will convey except family room. Underground sprinkler system (APP controlled), french drain on oversized gutters w/guards. Nearly new gas heater for pool, Dedicated HP's for interior & detached garage (5 units total) 500 gallon buried gas tank. Tankless water heater! New 50 YR architectural shingle roof installed in May 2023.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
MDCH2031026
Location
Address
16905 TIDEWATER LANE
City
HUGHESVILLE
State
MD
Zip Code
20637
County
CHARLES
Listing
Provider
Home Towne Real Estate, original listing
Name
Home Towne Real Estate
Phone
(410) 286-9632
Office Name
Home Towne Real Estate
Office Phone
(410) 286-9632
Agent Name
Karen Towne

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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.