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3523 Indian Grant Road
East New Market, MD 21631
$739,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2142
Property Description
A large circular driveway approach directs you and your guests to a waterfront lifestyle of comfort and convenience in this upgraded rancher situated on Indian Creek in the Indian Grant community. Nestled among the trees, this home offers a covered front entry, over 2,142 sq ft, a sprawling open floor plan, a whole house fan, and freshly painted interiors in the main house. Beautiful bright interiors feature a living room centered by an ambient gas fireplace, a vaulted ceiling with a drop fan, display built-ins with lighting, and a sliding glass door to a comfy deck, an open dining room with a second glass slider stepping to a deck, a rejuvenating sunroom displaying LVP flooring, a breezy ceiling fan, and a walkout to a deck with a panoramic views. Boasting clean lines, the light-filled kitchen hosts recessed lighting, white raised panel cabinetry, exotic granite counters, white appliances, a center island with breakfast bar, a workstation or coffee bar, a swing out pantry, luxury vinyl flooring, and a bay architecture breakfast room Relax in your own personal haven, the owner’s suite presenting a large walk-in closet with organizers, a ceiling fan, an Anderson sliding door to a private covered deck, and a private bath showing a double vanity, with mirrors, a separate shower, and a jetted tub. Walk the wooded grounds to your private dock and enjoy the serenity of the water or the beautiful sunsets. Additional upgrades: architectural roof [2022], new front door, storm door, and low maintenance steps [2023], Pella sliding doors to deck [2023], dishwasher and microwave [2024]and a gas fireplace. Location is key including riparian rights, boat power 6+, mean low water .60’ at the center of creek, just a short boat ride from your private dock to the fun of it traveling the navigable water of Indian Creek to the Choptank River and beyond.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
MDDO2007072
Location
Address
3523 INDIAN GRANT ROAD
City
EAST NEW MARKET
State
MD
Zip Code
21631
County
DORCHESTER
Listing
Provider
Keller Williams Lucido Agency, original listing
Name
Keller Williams Lucido Agency
Phone
(410) 465-6900
Office Name
Keller Williams Lucido Agency
Office Phone
(410) 465-6900
Agent Name
Bob Lucido

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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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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.