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3864 Old Columbia Pike
Ellicott City, MD 21043
$899,999
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3324
Property Description
Enduring charm and timeless elegance await in this, one of Old Ellicott City’s most iconic traditional colonial residences along one of its scenic old town roadways. The approach is enchanting and embodies the essence of character. The original outbuilding barn and pump house add allure and the sprawling rear landscape, a rare rural tranquility. Step inside to discover a haven of vintage elegance. From inviting living spaces adorned with original hardwood flooring and millwork and an original, wood-burning fireplace with a brick hearth, banquet-sized gathering and formal dining spaces with sconce lighting, and quaint breakfast, and sitting rooms flooded with natural light, every corner of this home exudes a sense of history and tradition. A vintage kitchen, with its classic cabinetry and quaint details, invites you to embrace the simplicity and charm of yesterday without compromising the need for modern improvements including a new stainless-steel refrigerator and updated stove. See yourself savoring morning coffee in the breakfast nook or toasting a gathering of friends as you take in the depth of the expansive rear lawn backing to a wooded area and a meandering stream. Front and rear stairways lead to generously sized second-floor bedrooms featuring original hardwood flooring and two full bathrooms with authentic black and white tile. A finished and full-height attic adds to the home’s versatility with the opportunity for a private bedroom suite, home office, or playroom. Key amenities and improvements include a finished lower level with a full bathroom, utility room, and large storage rooms, a first-floor full bathroom with an accessible entry door, and replacement windows. Located in the heart of old Ellicott City and just a short walk to all of the activities along Main Street, this home is a testament to timeless tradition and beauty. Each room and every space indoors and every inch of lawn outdoors has a story of its own, inviting you in to continue yours here!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1930
MLS Number
MDHW2036532
Location
Address
3864 OLD COLUMBIA PIKE
City
ELLICOTT CITY
State
MD
Zip Code
21043
County
HOWARD
Listing
Provider
Monument Sotheby's International Realty, original listing
Name
Monument Sotheby's International Realty
Phone
(703) 935-9889
Office Name
Monument Sotheby's International Realty
Office Phone
(443) 746-2090
Agent Name
Kimberly Kepnes

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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.