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5111 Continental Dr
Frederick, MD 21703
$750,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
Welcome to this spacious, meticulously maintained 5-bedroom, 4-and-one-half-bath home in the Westview South community of Frederick, MD.The homeowner has invested a lot of resources and work to ensure this stunning 5,300 sq ft home is completely move-in ready with all new carpeting throughout the upper-level large family room and 4 bedrooms, refinished main staircase, luxury vinyl park (LVP) throughout the massive lower-level recreation room and 5th bedroom, and a complete water softener system. As a bonus, all FIVE of the large wall-mounted TVs convey! Notable features include a spacious 2-car garage, sunny 2-story formal foyer with a completely open concept main level, a generously sized dining room, gourmet kitchen, living room, study/office, powder room, and access to the large deck with a gas-fed grill. The office/study and powder room can be converted into a main-level primary bedroom and en-suite bathroom, providing maximum flexibility to customize the space to your taste and needs. The upper level is bright and sunny with a large open family room, a spacious primary suite with an expansive en-suite bathroom and walk-in closet, 3 additional bedrooms, 2 additional full bathrooms, and a sizable laundry room. The lower level features new hardwood stairs leading down to the massive 26 x 17(!) recreation room with brand new luxury vinyl plank flooring, a 5th bedroom, and another full bathroom. Finally, the lower level features walk-out access to the fully fenced backyard and a large storage room. The home is only 6 years old and is situated on the outer edge of the Westview South community, looking out to trees that provide privacy and coziness despite its size and openness. There is always something going on in this vibrant and active community with amenities that include a large pool, fitness center, clubhouse, and playground. There is easy access to Ballenger Creek Trail, downtown Frederick, multiple local and state parks, shopping, dining, I-270, I-70, and many attractions.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2018
MLS Number
MDFR2045826
Location
Address
5111 CONTINENTAL DR
City
FREDERICK
State
MD
Zip Code
21703
County
FREDERICK
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
One Bethesda
Office Phone
(888) 536-0216
Agent Name
Jamie Coley

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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.