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812 W Padonia Road
Cockeysville, MD 21030
Jeremy McDonough with Mr. Lister Realty, original listing - (410) 486-4504
$3,000,000
Conventional
Property
Bedroom
3
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4582 Square Feet
Property Description
Lodge style custom open floor plan Butler stone rancher on 20+ very private acres. Three bedrooms with walk-in closets and in-suite bathrooms, three full baths upstairs plus a half bath and a fourth full bath downstairs. Corian bathroom and kitchen countertops with ceramic tile backslashes and a large island with a Jenn-Air range/oven. The cabinets are all under the counters and under the island so there is no need to reach high cabinet shelves. A residential elevator complemented by spiral stairs and low kitchen cabinets make this home handicap accessible. There are three massive Butler stone fireplaces, two upstairs that rise to the cathedral tongue & grove ceiling with exposed beams and a custom-built support truss assembled with polished stainless-steel bracketry. The flooring is German ceramic tile in the dining, kitchen, and traffic areas with unique recessed floor receptacles in the tile/carpet borders. There are custom cherry door and window mounding throughout the home. Main floor includes laundry and a small office. Perimeter track lighting accents main living/dining area. Sliding glass doors open to the large deck off the living and dining areas. The open finished full lower-level includes a larger office that could be used as a fourth bedroom and walk sliding door opens to a patio. The central vacuum system installed throughout the house including receptacles in the 3-car garage. This exclusive very private property is tucked behind the road-front lots on Padonia, Happy Hollow, and Happy Hollow Woods roads. Summer foliage obstructs the view of surrounding homes. The location is just two miles from I83 and seven tenths of a mile from MD Rt 25 Falls Road and accessed by a 50’ wide private driveway. As you enter the property two 70-year-old yews flank the driveway entrance, natural dogwoods are scattered around, and 50-year-old American Holly stands about halfway down the drive. A large part of the property is wooded with 3/4 of a mile of grass walking trails including two rustic campsites, it is a nature lover / hunter's paradise. In view from the kitchen is a 3/4 +/- acre cleared garden area. The ultimate for the car collector, craftsman, or business owner in need of storage space, the large barn style storage building, 80x110 has a ground level drive in 20x12 insulated automatic bay door and includes an in- ground automobile lift. In the lower level, a 40x40 section of this building is insulated, has electric wall heaters, is wired for woodshop, and has ruffed in connections for full bath with dedicated septic separate from house. A waste oil furnace and commercial wood furnace take the chill off in the open storage area. The 80x50 +/- upper- level area is accessed by a personal door and a dock level garage door and offers plenty of storage space. The 26x60 equipment / solar garage has three large, insulated bay doors. Hydronic solar panels and an oil-fired boiler are installed but not in use and could be reconnected for supplemental heat for the house or with the addition of a pool they could extend your swimming season. Both outbuildings are substantial block construction and have structural steel supported wood truss roofs. There are two 8,000 gal. underground fire suppression water tanks with fittings for Baltimore County Fire service. The well house accommodates water distribution for the house and main storage building and frost-free hydrants at each building, both main house and barn share an excellent well. Heavy underground electric service is also in place. This property must be seen to be appreciated!
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1983
MLS Number
--
Location
Address
812 W PADONIA ROAD
City
COCKEYSVILLE
State
MD
Zip Code
21030
County
BALTIMORE (NORTHWEST)
Listing
Name
Phone
(410) 486-4504
Office Name
Office Phone
(410) 486-4504
Agent Name
Jeremy McDonough
Agency Phone
(410) 486-4504

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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.