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5 Chamaral Court
Cockeysville, MD 21030
Peter Wu with Libra Realty, LLC, original listing - (301) 972-5588
$1,590,000
Conventional
Property
Bedroom
6
Bathroom
Full: 5
Property Type
Conventional
Square ft
6700 Square Feet
Property Description
Welcome to 5 Chamaral Court. This Stunning Custom-Built Home, tucked-away on almost 7+ acres of beautifully landscaped grounds offer over 9400 total square feet, featuring 6-Bedrooms, 5-Full Baths, oversize 3-Car Garage. Fantastic Ivy Hill location with stellar views of hunt valley, one of most sought-after areas in Baltimore County. The house is nestled on the hillside through a private driveway that exudes an air of exclusivity and tranquility. Looking down at the views surrounded by lush greenery and towering trees, a sense of anticipation builds, drawing you closer to the treasure that awaits. As you step inside, you'll be greeted by a dramatic foyer with high ceilings, marble floors laid on a diagonal, a curved staircase and a stunning chandelier that cascades a warm glow throughout. Through the foyer, a fabulous family room offers rustic elegance along with a stunning two-story high ceiling with a fireplace, built-ins, and a wall of French doors with large radius transoms allowing an abundance of natural light. On the left side of foyer, a spacious generously proportioned dining room awaits. While, on the right is the cozy living room, with a fireplace, invites you to unwind and enjoy moments of quiet contemplation, while the adjacent formal dining room sets the stage for memorable gatherings and celebrations. Adjunct to the living room, a huge customer designed library awaits with walnut built-ins and wood burning fireplace. In the main floor, customer designed spacious gourmet kitchen with a center island with countertops is complemented by a spacious eat-in area with a dome ceiling and window surround that seamlessly connects you to the outdoor living area. For more formal occasions, the dining room offers an elegant setting. Upstairs, the luxurious primary suite with a sitting area, two walk-in closets. Spa-like bathroom equipped with marble flooring, a relaxing jacuzzi tub, and a walk-in shower, etc. In addition, there are four additional bedrooms all generous in size with plenty of closet space and two full bathrooms upstairs. A convenient guest bedroom is on the main floor with a full bathroom. At the lower level, the unfinished huge basement with walk-out that offers so many possibilities! The house surround is a private paradise with a circular drive, a two-car garage, abundant storage space, mature trees, and a spectacular patio for enjoying the serene surroundings. The house offers a seamless blend of indoor and outdoor living, creating a harmonious flow that enhances the overall living experience, inviting nature's beauty to become an integral part of your daily life. The house is more than just a home! Schedule your private tour today and experience the allure of living at its finest. The seller is highly motivated to sell this house. The government assessment value for this house in 2023 is about $1440k. The current listing price is about the same as the government assessment value. Don't miss out on the opportunity to make it your dream home!.
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1991
MLS Number
--
Location
Address
5 CHAMARAL COURT
City
COCKEYSVILLE
State
MD
Zip Code
21030
County
BALTIMORE (NORTHWEST)
Listing
Provider
Libra Realty, LLC, original listing
Name
Phone
(301) 972-5588
Office Name
Office Phone
(301) 972-5588
Agent Name
Peter Wu
Agency Phone
(301) 972-5588

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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.