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46 Glen Brook Drive
Elkton, MD 21921
Tom Desper with Compass, original listing - (302) 202-9855
$859,900
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3921 Square Feet
Property Description
Experience the dramatic influence of exposed, curved and straight timbers that frame the exceptional living spaces of this stunning custom built timber frame home allowing for soaring windows, walls and open spaces. While a perfect blend of rustic charm and modern efficiency designed to resemble a ski lodge, this home is nestled on 2.68 acres and situated between iconic Fairhill and Newark, DE. This expansive and thoughtfully crafted 5 bedroom/ 3.5 bath property boasts an impressive 3,921 sq. ft. in a serene and private setting, ideal for those seeking tranquility and natural beauty. The home is constructed with the finest building materials including steel construction and structural insulated panels for both the walls and roof, ensuring superior strength and energy efficiency. Exposed load-bearing timbers add character and showcase exceptional craftsmanship throughout the house. Step inside to find an inviting great room with a floor-to-ceiling stone fireplace, creating a warm and cozy atmosphere. The main level with hardwood floors throughout features a spacious primary bedroom with an en-suite and gas fireplace, providing comfort and convenience, a gourmet kitchen, formal dining with coffered ceilings, powder room and laundry room. The upper level boasts an in-law suite accessible via a rear staircase thoughtfully designed for a future elevator shaft and wide doorways, offering flexibility and accessibility for multi-generational living, two additional bedrooms with high volume ceilings and loft space, playroom and a catwalk overlooking the great room which leads to an upper-level study/5th bedroom, perfect for flex space. The in-floor hot water radiant heat system with 1.5” gypcrete ensures cozy warmth throughout, making it a perfect retreat in all seasons in addition to forced hot air/ac. A full unfinished walk-out basement offers endless options for additional future square footage. No expense was spared during construction. Additional features include casement windows throughout, zoned radiant heating, basement bathroom rough-in, built in audio/speakers on main level, dog wash, and much more. Minutes from the University of Delaware, restaurants and shops yet so secluded and private. Don't miss the opportunity to own this exceptionally unique property that combines traditional craftsmanship with modern amenities in a peaceful and picturesque setting. Home is sold in as-is condition with all inspections for informational purposes.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2003
MLS Number
--
Location
Address
46 GLEN BROOK DRIVE
City
ELKTON
State
MD
Zip Code
21921
County
CECIL
Listing
Name
Phone
(302) 357-7281
Office Name
Office Phone
(302) 202-9855
Agent Name
Tom Desper
Agency Phone
(302) 202-9855

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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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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.