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17 Castlewall Court
Lutherville Timonium, MD 21093
$988,000
Conventional
Property
Bedroom
5
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3472 Square Feet
Property Description
Tucked away down a quiet cul-de-sac in the highly desired “Mayfair” community sits a true 5-bedroom, brick front colonial, awaiting its next stewards. Its proximity to schools, shopping, restaurants, and zippy access to the beltway make it one of the most convenient locations in Baltimore Co. As you enter this freshly painted center hall colonial note the large floor plan that is ideal for entertaining. The main level includes 9 foot ceilings, a generously sized formal dining room, nicely appointed living room and a large office/den. Entertain in the eat in kitchen that includes cherry cabinetry, island cook top with downdraft and stainless-steel appliances. A conveniently located desk area sits just inside the entry from the garage. A step away is the expansive family room, with a brick gas fireplace and soaring vaulted ceiling to entice you to sit and enjoy the natural light streaming in from the skylights and the adjacent 4 season sunroom. Through two sets of french doors off the family room you will find a large 4 season sunroom with Pergo flooring that is immersed in natural light. A powder room and laundry room complete the main floor living area. Moving on to the upper level you will find 5 generous size bedrooms all with large closets. The hall bath consists of two sink areas, a linen closet and a tub/shower combo. And finally you will enter through double doors into the spacious primary suite with vaulted ceilings, two large walk-in closets and a generous size ensuite that is fitted with a dual vanity, soaking tub, separate shower and a skylight for optimal natural light. There is a whole house attic fan on the second level, as well. The unfinished basement is the size of the house footprint, including the sunroom and awaits your vision. There is a rough in for a bathroom. Can you say three car garage?! That’s right, a three-car garage and each bay is 2 feet longer than the standard, which gives you ample space for large vehicles and for storage. Updates include roof, siding, downspouts and gutters all replaced in 2020. Front walkway and stairs with lighting installed in 2021. Inground sprinkler system. Family room carpet 2019. Kitchen luxury vinyl tile 2019. Sunroom Pergo flooring 2019. Freshly painted 11/2024. Don’t miss this opportunity to live in a fabulous community in an ideal location! *Click on the Floor Plan icon above for detailed room size.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1993
MLS Number
--
Location
Address
17 CASTLEWALL COURT
City
LUTHERVILLE TIMONIUM
State
MD
Zip Code
21093
County
BALTIMORE (TOWSON)
Listing
Name
Phone
(717) 286-9913
Office Name
Office Phone
(410) 561-0044
Agent Name
Melanie James
Agency Phone
(410) 561-0044

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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.