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12330 Potomac View Road
Newburg, MD 20664
$1,199,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4536
Property Description
Step inside this magnificent Spanish Villa, spanning over 4200 square feet and situated on a serene waterfront lot. The striking wood & wrought iron front doors lead you to an interior featuring ceramic floors, wood ceilings, intricate tile work, and stunning detail in every room. Huge windows allow for natural light to pour in, illuminating breathtaking views of the Neale Sound. The gourmet kitchen on the main level is fit for any chef….boasting custom tile countertops, a 6-burner Thermador range & double oven, double refrigerator, breakfast nook, and a fireplace. The family room features another fireplace with hand-carved wood mantle, more tile work, and storage. The dining room has a mini bar and ample space to entertain guests. Use the spiral staircase or the pneumatic elevator to access all 3 levels. On the 2nd level, you'll find an open living space with wet bar, water views, guest bedroom with balcony access, hall bath, and a bonus area that can be used as a home office or bedroom with the addition of a door. Continue up to the 3rd level to discover the owner's suite, complete with a primary bedroom with vaulted ceilings, fireplace, private balcony, and stunning water views. The primary walk-in closet is enormous and has a smaller fireplace of its own. The primary bath features dual vanities, a soaking tub, and separate shower. There's also a bonus room/area that can be used as an office, exercise room, or sitting area. The detached garage features 5 bays, auto openers, and its own elevator. Above the garage, you'll find a full 1-bedroom 1-bath apartment with a gourmet kitchen, living area with fireplace, private laundry, and the same custom tile work as the main house. Out back, you'll discover a 2-level outbuilding that includes a wine cellar, greenhouse, and storage. The brick patios in the backyard offer ample space to entertain guests around the firepit, while overlooking the Neale Sound. The private pier has recently been extended and is ready for your boat lift. Take advantage of the waterfront location and indulge in activities such as fishing, swimming, jet skiing, boating, kayaking, and more. Don't miss your opportunity to own this exceptional Spanish Villa with stunning water views from every level. New roof put on house and detached garage 2023. The detached garage apartment adds a unique and valuable element to this property. Currently occupied by a tenant, it provides a steady income stream (current lease is $1700/monthly), making it an excellent investment opportunity. Whether you choose to continue renting the apartment or to utilize it for guests or a home office, the possibilities are endless. Seller is willing to do seller financing at a reduced interest rate!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
MDCH2031540
Location
Address
12330 POTOMAC VIEW ROAD
City
NEWBURG
State
MD
Zip Code
20664
County
CHARLES
Listing
Provider
Century 21 New Millennium, original listing
Name
Century 21 New Millennium
Phone
(703) 753-7910
Office Name
CENTURY 21 New Millennium
Office Phone
(301) 609-9000
Agent Name
Cheryl Bare

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CENTURY 21 Envision
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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.