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3774 Country Club Road
Crisfield, MD 21817
$649,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3080
Property Description
108.65+- acre wildlife farm with two and a half story home on Johnson Creek. 45.5+- acres are being placed in a wetlands reserve easement, restoring the property to its original environment and creating outstanding habitat for wildlife, including waterfowl - especially teal, mallards, black ducks, widgeon, and gadwall - and whitetail, and turkey. The 3,080 sq ft home includes a kitchen and private dining room. These renovated rooms have maintained their rustic charm through the retention of the original stone fireplace wall in the kitchen, and hearth in the dining room. The sizeable dining room provides space for entertaining family and friends with an entryway to the front porch. The kitchen has been renovated with natural-stained bead board cabinets and drawers, and stainless steel appliances. The kitchen leads to the first floor bathroom, large laundry room, entryway door to the back yard, and second stairway to the bedrooms on the second floor. The first floor has a true open-concept design through the use of support pillars with milled trim accents for a custom, finished look. The open and airy feel is enhanced by the wood floors, the tall, white ceilings defined by crown moldings, and the light entering through the windows which surround the space on all sides. This expansive space has a large living room with enough space for multiple seating and dining areas. The stairway, constructed with wrought iron spindles, scroll brackets, and wood treads, is located in one corner, leading to the bedrooms on the second and third floors. This three bedroom home has three full baths. Two spacious bedrooms with large closets, multi-purpose room, and full three-piece bath are located on the second floor with access to the second story deck. The primary suite is on the third floor affording privacy and enjoyment of the views over Johnson Creek. In addition to the two-story decks and front porch, there is 3.5+- acres surrounding the house to use recreationally, for gardening, small animals, and other hobbies. Other improvements include a barn and shed. This property is ideal as a primary or secondary residence for the nature lover or recreational buyer, or as an investment property.
Property Information
Lot Size
108 acre(s) square ft
Property Type
Residential
Year Built
1958
MLS Number
MDSO2004112
Location
Address
3774 COUNTRY CLUB ROAD
City
CRISFIELD
State
MD
Zip Code
21817
County
SOMERSET
Listing
Provider
The Land Group, original listing
Name
The Land Group
Phone
(443) 465-3520
Office Name
The Land Group
Office Phone
(443) 465-3520
Agent Name
Sue Hudson

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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.