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456 State Park Road
Swanton, MD 21561
Chris Nichols with Taylor Made Deep Creek Vacations & Sales, original listing - (301) 387-4700
$1,499,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4467 Square Feet
Property Description
Luxury meets comfort in this stunning 5-bedroom, 4.5-bathroom split lakefront property central to all Deep Creek Lake has to offer. Custom-built for the current owners in 2014, it boasts breathtaking lake views, impeccable high-end details, and thoughtful design throughout. Step inside to find an open-concept living space with high ceilings, rich hardwood floors, and a stone fireplace that creates a warm and inviting atmosphere. The gourmet kitchen is a chef’s delight, featuring top-of-the-line appliances, custom cabinetry, and a spacious island ideal for entertaining. There’s plenty of room for a large dining table as well, and a powder room on the main level provides everything you need for gatherings of friends and family. The primary bedroom on the main level is an oasis of comfort, with a massive walk-in closet, en suite bathroom, and doors to the deck for your morning coffee overlooking the lake. Four bedrooms and 2 bathrooms comprise the second floor with many special touches like window seats and built-in dressers. The basement features heated floors throughout, a spacious rec room with wet bar, a full bath and access to the patio. The two-car attached garage is large enough to store your boat along with ample storage. Outside, you’ll discover an expansive patio with an outdoor fireplace. A huge wrap around deck provides plenty of space for grilling and gatherings with fabulous views of the lake. A fully-enclosable sunroom with another fireplace allows for enjoyment of the natural beauty of the lake in any weather. Just steps away, your 100 feet of level shoreline boasts a Type A deep water dock and a shed for your lake toys. The State Park and Meadow Mountain are on the opposite shoreline, ensuring uninterrupted views for years to come. This home is a rare find, offering the ultimate Deep Creek Lake lifestyle. Don’t miss the opportunity to make this exceptional property your own!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Cabin
Year Built
2014
MLS Number
--
Location
Address
456 STATE PARK ROAD
City
SWANTON
State
MD
Zip Code
21561
County
GARRETT
Listing
Name
Phone
(301) 387-4700
Office Name
Office Phone
(301) 387-4700
Agent Name
Chris Nichols
Agency Phone
(301) 387-4700

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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.