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1005 Hambrooks Avenue
Cambridge, MD 21613
Sharon Spedden with Sharon Real Estate P.C., original listing - (410) 228-2525
$565,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2366 Square Feet
Property Description
A Deeded Boat Slip accompanies this splendid 4-bedroom, 2.5-bathroom residence situated in the charming Historic West End District of Cambridge. Constructed in 2003, the home boasts an open floor plan with nearly 2,600 square feet of meticulously maintained living space. The first floor features a luxurious primary suite complete with a walk-in closet, dual sink vanity, jetted tub, and walk-in shower, all accented by gleaming hardwood floors and elegant crown molding. The great room, enhanced by a cozy gas fireplace, seamlessly flows into a spacious kitchen designed for both culinary endeavors and entertaining guests. The kitchen showcases granite countertops, a ceramic tile backsplash, and an array of stainless steel appliances including a cooktop, wall oven, GE Advantium microwave/oven, refrigerator, dishwasher, and garbage disposal. A two-tiered center island with a breakfast bar and additional space for a kitchen table further enhance the kitchen's functionality. The versatile floor plan accommodates a formal dining room adjacent to the kitchen, as well as a separate space that can be utilized as a living room, home gym, dance studio, office, or den, according to your needs. Additional highlights of the home include crown moldings, chair rails, and raised panel detailing. The spacious laundry room is equipped with front-load washer and dryer units, along with a convenient laundry sink. On the second floor, you'll find a full bathroom and three additional bedrooms, one of which features an attached balcony with picturesque water views. The property also includes a detached two-car garage with automatic door openers and a fenced rear yard complete with a brick patio. The deeded boat slip comes equipped with a 12,500 lb. boat lift, extended pilings, and an expanded finger pier. Conveniently located within walking distance to the Cambridge Yacht Club, Great Marsh Park, and downtown Cambridge, this home offers the perfect blend of historic charm and modern amenities. Enjoy leisurely strolls through Cambridge's Historic District en route to the downtown area's shops, brewery, restaurants, and bars. Cambridge is also known for hosting the Eagleman and Chesapeake Man triathlons, with this home situated at the heart of these renowned events. This property holds tremendous potential as a vacation rental, offering an exceptional opportunity for those seeking a beautiful and versatile living space.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
1005 HAMBROOKS AVENUE
City
CAMBRIDGE
State
MD
Zip Code
21613
County
DORCHESTER
Listing
Provider
Sharon Real Estate P.C., original listing
Name
Phone
(410) 228-2525
Office Name
Office Phone
(410) 228-2525
Agent Name
Sharon Spedden
Agency Phone
(410) 228-2525

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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.