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2601 Sequoia Way
Prince Frederick, MD 20678
$620,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
This Colonial home in Whispering Woods boasts an array of custom and updated features across its three finished levels. With 5 bedrooms, 3 full baths, and 1 half bath, this home offers ample space for comfortable living. The main level features a gas/propane fireplace in the Great Room, while the lower level Rec Room boasts a cozy wood-burning fireplace. The Office (Living Room conversion) is thoughtfully crafted with custom built-ins that incorporate shelving, filing, and two corner desk spaces. The remodeled Kitchen boasts a breakfast bar, granite counters, lots of cabinet space, a spice pantry and greenhouse window over the sink. Most recent additions to this space, the refrigerator, microwave and overhead light fixture. Additionally, there's a breakfast area with a custom built-in counter-height room divider, and a 6 ft. addition off the Kitchen includes a large, Walk-in Pantry and Laundry/Mud Room Area. The Sunken Great Room features high ceilings, while custom trim work adds that special touch throughout. Upstairs, the Primary Suite includes a Walk-in Closet spanning the width of the Garage below, and its remodeled bath (2020) features custom built-ins and a spa-inspired shower. The remaining bedrooms are generously sized, with a renovated full hall bath also on this level. The lower level offers newly carpeted spaces including a Rec Room, complete with a brick, raised hearth wood-burning fireplace, a 5th Bedroom with an attached full Bath, utility and storage areas, and access to the backyard. Outside, you'll find an asphalt driveway (paved in 2023), a 10 ft. x 10 ft. Screened Porch, composite Deck, and an invisible (pet) fence. Additionally, there's a separate, 2-story Workshop with single bay garage door and an upper level that is ideal for storage. This home is sure to impress, so schedule your showing soon! For a comprehensive list of features, please don't hesitate to ask.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1995
MLS Number
MDCA2014908
Location
Address
2601 SEQUOIA WAY
City
PRINCE FREDERICK
State
MD
Zip Code
20678
County
CALVERT
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Annapolis Eastport
Office Phone
(888) 536-0216
Agent Name
Jenn Klarman

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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.