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1484 Downham Market
Annapolis, MD 21401
$1,825,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5259
Property Description
This majestic colonial sits above a peaceful cul de sac in the sought-after waterfront community of Downs on the Severn. This meticulously maintained home backs to private woods and offers winter water views of Clements Creek. The home welcomes you with a bright foyer and an elegant and tastefully designed formal living room and formal dining room. The updated kitchen features an island with seating and a dining area and opens to a step-down family room with soaring ceilings. A stunning stone fireplace w/ hearth will light up cold winter evenings! The wall of windows and double sliders to the deck frame a spacious and light-filled room overlooking an ever-changing natural setting. The bright bonus sunroom off the living room can work as an office, reading room, or play space with peek-a-boo glistening water views. The second floor features four bedrooms plus a flexible loft space with access to a deck and a second-floor laundry. The primary bedroom features high ceilings with skylights (w/ remote blinds) and space to accommodate a private sitting area. Multiple closets include a dedicated cedar closet. A secondary set of stairs to the first floor offers easy access to the kitchen and the secondary entry area. The gorgeous primary bath has been elegantly updated with a free-standing soaker tub, double sinks, and a large glass shower. The third floor features a guest suite with a full bath plus an expansive bonus space, currently used as an office but offers many options. The basement has a gas fireplace, glass sliders to let in light, a half bath, a wine room, and an exercise space. Outdoor decking with access from the kitchen, and a hardscaped patio with professional landscaping create a private space for seasonal entertaining. The three-car garage is on the side of the home and the multiple driveway areas accommodate several cars. Neighborhood amenities are legendary! Two marinas, pool and clubhouse, and tot lot offer access to water activities and community fun. This area has easy access to Annapolis and major commuting routes.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1983
MLS Number
MDAA2082194
Location
Address
1484 DOWNHAM MARKET
City
ANNAPOLIS
State
MD
Zip Code
21401
County
ANNE ARUNDEL (EAST)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(410) 224-2200
Office Name
Coldwell Banker Realty
Office Phone
(410) 263-8686
Agent Name
Jean Tullier

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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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.