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10609 Hinkle Road Se
Cumberland, MD 21502
$599,777
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
4484
Property Description
Rare opportunity to own a 16.9 acre piece of Mountain Maryland! Just minutes to Rocky Gap State Park and I-68, yet secluded! This unique property will wow you with its 2 ponds (1 decorative, 1 natural), serenity of being surrounded by nature and mountain views! Spacious 4484 finished sq ft includes 6 bedrooms, 4 full and 1 half baths AND an IN-LAW SUITE! Have horses? There are 3 stalls (stable area is 16.5' x 46') in the 45' x48' garage w/ 3 garage doors( workshop is 27' x 22') Actual garage space for cars is 27' x 24' . The kitchen has been updated and is welcoming with lots of natural light, table space, an island and loads of counter space! Beautiful oak hardwood flooring is present in all 5 bedrooms upstairs, the living room, den, and the dining room! The formal dining room will be enjoyed for many holidays to come! The main floor den is a welcome feature! The upper level laundry room is a huge plus! The lower level family room has new LVT flooring, storage galore for toys, cork walls, large windows for natural light and a brand new electric fireplace that produces heat! The deck off the fully equipped with a kitchen and laundry room in-law suite allows you to soak up the sounds of nature! There are multiple sources of heat (exterior wood boiler, propane, heat pump + electric fp), multiple storage of water (exterior, buried 2000 gallon concrete cistern tank and three interior 300 gallon storage tanks for the well water). Many more updates have been made including but not limited to lighting fixtures, paint, lower level bath shower unit/toilet/sink, electric fireplace in family room with built-ins, primary bath tiled shower, new chimney flue pipe for main floor wood stove insert, lower level tile in bedroom w/ walk-in closet. Simply enroll in the Forest Stewardship Program to receive discount on property tax bill for LAND that current seller receives. Note: Rainwater fed holding tank in garage for non potable water usage.
Property Information
Lot Size
16 acre(s) square ft
Property Type
Residential
Year Built
1970
MLS Number
MDAL2006742
Location
Address
10609 HINKLE ROAD SE
City
CUMBERLAND
State
MD
Zip Code
21502
County
ALLEGANY
Listing
Provider
Keller Williams Premier Realty, original listing
Name
Keller Williams Premier Realty
Phone
(301) 745-4450
Office Name
Keller Williams Premier Realty
Office Phone
(301) 722-2020
Agent Name
Melanie Dimaio

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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.