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314 Belvedere Avenue
Cambridge, MD 21613
Barbara McCaffrey with Redfin Corp, original listing - (301) 658-6186
$449,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2617 Square Feet
Property Description
Step into this stunning Victorian home, featuring 3 bedrooms and 3.5 bathrooms with over 2,600 square feet of living space located in the Cambridge Historic District. This beautiful home combines original craftsmanship with thoughtful renovations blending classic elegance with contemporary comforts. The wrap-around porch, two primary suites including vaulted loft, bright attractive exterior, and large kitchen open to fully fenced backyard create one of the most desirable homes in Cambridge. Make this gem your new home, vacation home, or vacation rental with a near perfect rating on both Airbnb and VRBO. Beautiful brick steps lead to an inviting covered wrap-around porch featuring a screened-in area —perfect for enjoying the outdoors in comfort. Upon entering, you're greeted by gleaming hardwood floors that flow seamlessly throughout the home. The entry hall is thoughtfully designed with built-ins, adding a decorative touch that enhances the home's character. Original, bi-fold French doors open to a bright living room featuring tall windows and intricate architectural details. The living room transitions to the spacious dining room, ideal for gatherings of any size with access to the screen porch. Pass through glass doors into the well-equipped kitchen, boasting stainless appliances, abundant cabinetry, spacious center island with built-in cabinets and drawers and a walk-in pantry. A “secret” staircase located directly off the kitchen provides quick and convenient access to the second level. The kitchen opens to a spacious, well landscaped, and private backyard oasis, featuring a privacy fence, patio for outdoor dining, and cozy firepit for evening gatherings, making this backyard the ideal setting for both entertaining and quiet moments alike. The backyard is anchored by a large shed, ideal for storing all of your personal items, outdoor equipment, bikes and kayaks. Adjacent to the kitchen is the laundry room/mudroom area, thoughtfully designed with ample counter space and built-ins for storage and organization and includes access door to the backyard. The main level also includes a convenient powder room, perfect for guests. As you travel upstairs, the original wood railing guides you to the second-floor bedroom areas. Upon reaching the second level, you'll find a thoughtfully updated full hall bath featuring a charming clawfoot tub. The primary suite includes access to its own private full bath, walk-in closet, and opens up to the spacious 2nd floor great room. With slider doors leading to a balcony overlooking the backyard, the great room offers the ultimate retreat for casual relaxation, movie nights, or extra entertaining space. The secondary bedroom off the front hall includes a unique adjoining room with built-ins, perfect for a nursery, office, or just a cozy reading nook. This bedroom is generously sized with attractive ceiling fan, and abundant natural lighting. Just off of the great room, a staircase leads to the fully-renovated third level. This beautifully renovated space showcases vaulted ceilings, exposed beam, attractive dormer spaces and enough living space to stay up there for days. Clever in-wall drawers and cabinets provide ample storage for clothing and other belongings. The generous full bath with high ceilings adds both functionality and elegance to this stunning retreat. A public alley on the right side of the house provides the opportunity for on-site parking if desired. The owners have secured permits for this work, and documents are available upon request. This beautiful home is located close to the Choptank River, Yacht Club, waterfront parks, beach and downtown Cambridge for shopping, dining, and entertainment. This home has been a successful vacation rental and the seller is open to negotiations for furnishings, offering a turn-key second home or income-generating vacation rental. Don’t miss your chance to own this beautiful home—it's sure to go fast!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1912
MLS Number
--
Location
Address
314 BELVEDERE AVENUE
City
CAMBRIDGE
State
MD
Zip Code
21613
County
DORCHESTER
Listing
Name
Phone
(571) 477-1630
Office Name
Office Phone
(301) 658-6186
Agent Name
Barbara McCaffrey
Agency Phone
(301) 658-6186

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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.