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2467 Chelmsford Drive
Crofton, MD 21114
$849,900
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4604
Property Description
Buyer agents warmly welcomed. This magnificent colonial, nestled in one of Crofton's premier family-oriented communities, presents five bedrooms and four baths, showcasing an expansive floor plan that stands out in the neighborhood. Freshly painted interiors throughout and newly installed carpet on the main level breathe new life into the space, ensuring it's move-in ready. Its curb appeal is undeniable, with detailed landscaping and a three-car garage complemented by a maintenance-free deck and a secluded, fenced backyard for privacy. The prior owners put a water drainage system beneath the deck to divert water away from the property, and a brand-new sump pump has recently been installed. The backyard's sloped lot and privacy fence create a serene and secluded environment. Spanning over 4,000 square feet, the home is designed for openness and light, featuring high ceilings and ample windows. The ground floor offers generously sized formal living and dining rooms, a fully equipped kitchen with granite counters, stainless steel appliances, and a center island, all adjacent to a breakfast nook. A gas-burning fireplace adds warmth to the family room, accessible from the kitchen. This floor also provides a flexible space for an office or bedroom, close to a beautifully updated bathroom and a handy laundry room. The second floor is home to a spacious loft and four additional bedrooms, including a grand primary suite with a walk-in closet and an exquisitely renovated primary bathroom. The finished basement enhances the home with a large recreation room, another full bath, a wet bar, an exercise room, and a storage area, all on stylish ceramic tile.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1995
MLS Number
MDAA2079954
Location
Address
2467 CHELMSFORD DRIVE
City
CROFTON
State
MD
Zip Code
21114
County
ANNE ARUNDEL (WEST)
Listing
Provider
RE/MAX Leading Edge, Inc., original listing
Name
RE/MAX Leading Edge, Inc.
Phone
(410) 224-3200
Office Name
RE/MAX Leading Edge
Office Phone
(410) 721-9600
Agent Name
Kyle McCarthy

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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

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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.