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5689 Greenock Road
Lothian, MD 20711
$3,795,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6793
Property Description
A once in a lifetime opportunity at 5689 Greenock Rd; a truly one-of-a-kind, trophy property situated on 98 picturesque acres of farmland. This rare offering exudes quality throughout every single feature of the grounds, main home, and fully finished guest barn. This level of sophistication in the architecture, the premier finishes throughout the home, the acreage, and the proximity to Annapolis, Washington DC, and the world-famous Chesapeake Bay create a truly special offering of uncompromising value. Enter through the front gate onto the winding pebble driveway that leads you through the rolling hills of the 98 acre estate. As you arrive in the circular parking area the elegance of the contemporary craftsman architecture makes an immediate impression on you and your guests. Send your visitors to their accommodations in the fully finished guest barn to get ready for the evening and have them meet you in the sunken living room, adorned with floor to ceiling windows and accented by a stone fireplace, in time to enjoy cocktails and watch the sunset through the southwestern exposure in the rear of the main home. Brazilian cherry wood floors, floor to ceiling windows, wide hallways, detailed millwork, and exquisite finishes accent each room of the property. With over seven figures in recent upgrades this home will impress even those with the highest expectations. Gorgeous stone fireplaces, built-in cabinetry, high-end fixtures, luxury appliances, an elite prep kitchen, thoughtfully designed and finished bathrooms, along with a bold wine storage system create an opulent experience for all. The floor plan is masterfully laid out with three spacious bedrooms, each with their own bathroom, on the main level along with the great room, dining area, and an additional morning room. A comfortable guest suite above the three car garage with vaulted ceilings, a full bath, and kitchenette, completes the main home. The barn offers a rustic and charming space to host guests, lead professional retreats, run your home business, set up your cigar lounge, golf simulator, or gym. With a wide-plank hickory floor, exposed beam frame, full kitchen, two full bathrooms, and two additional sleeping spaces, you’re ready to host, work, workout, or simply enjoy the peace and quiet you have earned. As you tour this property you’ll be taken back by the natural beauty of the grounds, the variety of wildlife, and the serene stillness that is so rare in our world today. The peace and tranquility of this property can not be replicated; if you have the opportunity to visit this home take a moment to stand quietly outside and appreciate the sounds of nature, along with the absence of any other auditory intrusions. As the sun goes down a captivating view of the sky, free of light pollution, will remind you that you’ve purchased one of the most unique, exquisite, and beautiful properties ever developed in this region. A short drive to The Cannon Club (Professional quality golf course), Downtown Annapolis, The Chesapeake Bay Bridge, Washington DC, multiple international airports, and all major commuter routes. This property will be expertly transitioned to the new owners with a full orientation of systems, processes, and thorough list of service providers. Please reach out for a details/finishes list and to schedule your private tour.
Property Information
Lot Size
98 acre(s) square ft
Property Type
Residential
Year Built
2003
MLS Number
MDAA2078916
Location
Address
5689 GREENOCK ROAD
City
LOTHIAN
State
MD
Zip Code
20711
County
ANNE ARUNDEL (SOUTH)
Listing
Provider
RE/MAX Advantage Realty, original listing
Name
RE/MAX Advantage Realty
Phone
(410) 740-1200
Office Name
RE/MAX Advantage Realty
Office Phone
(410) 740-1200
Agent Name
Ricky Cantore

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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.