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4207 Nebraska Pl
Bowie, MD 20716
$625,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
When you first enter you'll notice how bright it is inside. To the left you'll enter the formal living room with floor to ceiling type windows. The formal dining room is in the rear right off the kitchen that has been updated with new cabinets and high end quartz counters and brand new stainless steel appliances. There is a sliding glass door off the rear that allows you to step out onto your private deck and look out over your private fenced rear yard. Additionally on the main level you'll have a spcaious family room with a wood burning fireplace and a laundry / mud room that has access to the private one car garage. The upper level is finished with the owners suite off to the right which includes a modern upscale en-suite bath with two closets. There is a second private rear facing bedroom with it's own bath. There are two other bedrooms and a shared hall bath. The lower level is copletely re-imagined with two large open rec room spaces and a rear private bedroom which could be guest suite or home office as there is also a full bath. Other features include recessed lighting throughout the home to make sure it's bright and modern. The high efficiency heat pump is brand new as is the architectural shingle roof. There is private driveway parking for 2+ cars. It's more than 10,000 sq ft corner lot. The location is super convenient to the bowie town center. Within 5 minute drive to grocery / shopping and many restaurants. This home will be perfect for your summer get togethers and easy commute to DC or Baltimore as needed.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1982
MLS Number
MDPG2109000
Location
Address
4207 NEBRASKA PL
City
BOWIE
State
MD
Zip Code
20716
County
PRINCE GEORGE`S (BOWIE)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
College Park
Office Phone
(888) 536-0216
Agent Name
Sven M Skarie

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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.