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7661 Dam Number 4 Road
Sharpsburg, MD 21782
$1,195,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
5788
Property Description
WELCOME HOME TO SPRING AT WOBURN MANOR! Step back in time to a period when manners and elegance permeated society and stately homes dotted the pastoral landscape of Washington county. Built between the years of 1818-1820, Woburn Manor is the embodiment of history and character. Once a 1400 acre working estate spanning to the Potomac river in historic Sharpsburg, MD, the property was amassed thru land grant & purchase by prominent Washington county jurist Thomas Buchanan. As was the norm of the day, each grey stone in this 50+ foot tall, 6,000 square foot creation is sourced from the land, as are much of the original hardwood used for window sashes, flooring and details. A tree-lined stone walled lane will take you up to the circular driveway on the now 12 ac farmette. The manor house was built atop a man made rise to reflect the prominence of it's owner...the stone covered in stucco as was the standard of grand homes at the time. The lovely front porch , with hand crafted curved banisters, allows for spectacular viewings of the western sunsets over the river. Note the beautiful fan light and side lights which provide a sunny glow. As you enter the home into the front hall, one immediately notices the lovely arch, hand made plaster medallion, 12 foot ceilings & original 200 year old yellow pine floors; the latter which are a feature of the entire home. The home is federal style thus with a symmetrical floorplan on each level. The door to your left opens to the cozy front parlor/study. With one of the homes 8 fireplaces (4 working) and a large custom made book shelf, it is the perfect room to get away for some private me time or contemplation. Directly to the south from the hall are the grand parlor/living room & dining room. The distinctive feature of the living rm is the jib door which leads to a small rear porch overlooking the formal garden. Large original doors separate the living and dining room spaces; each with their own gas fireplaces. Added at the turn of the 20th century, a dumb waiter connects the DR w/ the kitchen below (note the old servant's bell near the floor). To the right from the center entry hall is a side hall. A beautiful 3 story staircase prominently occupies this space. Adjacent is the butler's pantry & half bath. A door leads downstairs to the more relaxed "heart" of the family home. This level features newer recycled pine floors with radiant heat. The large lower level main hall provides one with many options for use. Off this hall are the roomy family room & kitchen. Note the depth of he windows...the craftsmanship and longevity of Woburn can best be seen by the 2+ feet of stone wall that support the structure. Your attention in the kitchen is immediately drawn to it's architectural centerpiece...the beautiful (recently revealed) stone fireplace. The country kitchen provides ample space, w/cabinetry hewn from trees felled on the property. A powder room, small laundry & storage room round out the spaces on this level. The side door of the "English Basement" opens to the stone walled courtyard w slate patio leading to Summer kitchen & domestic house. Stone steps connect the courtyard to the formal garden at the rear. Retracing our steps upstairs, the upper level (3rd fl) features 3 large BRs, each with fireplace (never used). In the first to the right, the owner created a walk in closet w built ins. The 2nd BR features original closets to Woburn- a rarity for homes of the era. In the 3rd "the Blue Bedroom" a closet was created & access to the first of 2 full bathrooms on this level. The 4th level has 2 more BRs, cedar closet and attic, and a wonderful view down the staircase. *Unique to Woburn are restored historic outbuildings - summer kitchen, spring & domestic houses- the latter a versatile space to enjoy w/friends or perhaps create a cottage/guest house! *FENCED* ELECTRIC TO OUTBUILDINGS* Subdivision potential- CALL COUNTY
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
1818
MLS Number
MDWA2020548
Location
Address
7661 DAM NUMBER 4 ROAD
City
SHARPSBURG
State
MD
Zip Code
21782
County
WASHINGTON
Listing
Provider
The Glocker Group Realty Results, original listing
Name
The Glocker Group Realty Results
Phone
(301) 745-4400
Office Name
The Glocker Group Realty Results
Office Phone
(301) 745-4400
Agent Name
Susan Peterson

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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.