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1006 Willowmere Lane
Cambridge, MD 21613
$299,000
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1339
Property Description
This charming, well-maintained home won't last long at this price! Come and see this recently updated three bedroom rancher with an oversized detached garage and large backyard with water views of the Choptank River located on a cul-de-sac in a quiet and close-knit neighborhood. As you enter the house, you're greeted by a large, bright and cheerful living and dining room area perfect for entertaining your family and friends. The recently updated eat-in kitchen features granite countertops, deep sink, soft-close cabinets, under-cabinet lighting, a large pantry cabinet, refrigerator with ice-maker, and custom cabinet shelving and drawers for storage. A wide hallway leads to three bedrooms, a recently updated full bathroom with linen closet, a large coat closet, and exterior door to the backyard and detached garage. Another exterior door to the backyard can be found in the mud room off the kitchen. From the mud room you can also access the large laundry and utility room with a one year old oil furnace, and a large 25' x 8.5' storage and workshop area with a fourth exterior door accessing the side yard. Additional storage abounds with two walk-in closets, a large 33' floored attic, and the detached garage with wall and ceiling storage as well as a workshop bench. Check out the floorplan in the photos for more detail! A spacious yet private backyard has river views and alley access. Once you arrive on this quiet cul-de-sac that is just one road southwest of the Choptank River, you will enjoy the quiet serenity of the Eastern Shore but are just minutes away from Route 50 and all that this area has to offer - beaches, boating, museums, hunting, fishing, and shopping. Easily walk or ride your bike to Aldi, Sailwinds Park, or local restaurants and shops. Other amenities within 3 miles include the University of Maryland Eastern Shore Medical Center, Walmart, and the Hyatt Regency Chesapeake Bay Golf Resort and Hotel.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1957
MLS Number
MDDO2005244
Location
Address
1006 WILLOWMERE LANE
City
CAMBRIDGE
State
MD
Zip Code
21613
County
DORCHESTER
Listing
Provider
eXp Realty LLC, original listing
Name
eXp Realty LLC
Phone
(888) 860-7369
Office Name
EXP Realty, LLC
Office Phone
(888) 860-7369
Agent Name
Jennifer Malcolm

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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.