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84 Lodge Circle
Swanton, MD 21561
Susan Bell with Railey Realty, Inc., original listing - (301) 387-2000
$650,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3
Property Type
Conventional
Square ft
2800 Square Feet
Property Description
Escape to your private and affordable, lake access retreat! This charming, spacious 3 bedroom - 3 bath chalet is nestled on a 1.26 acre lot adorned with your own majestic pine forest. The main level of this chalet is the heart of the home, boasting an inviting open-concept design with soaring cathedral wood ceilings that exude rustic charm. The seamless flow between the kitchen, dining area, and living room creates a warm and welcoming space perfect for your family and friends. The kitchen offers gas cooking, ample cabinet space and counter-top area for all the family chefs! Step out to a wrap around deck for entertaining and outside dining. The main level also has two bright bedrooms and a full bath. The upper level offers a private, spacious, and bright primary bedroom and full bath. Adjacent to the primary bedroom is an open airy loft overlooking the living room and looking out to the pines. This provides a versatile space for a home office, reading nook with built in book shelves, could also include additional sleeping area. The finished lower level provides extra space for entertaining, movie and game nights. Also has a wet bar with a mini fridge, a woodstove and a full bath. Extra large utility room and 3 closets complete the picture. Large 2 car garage that fits some boats, with an upper level space for many possibilities. Best of all Sky Valley offers 3000' of common lakefront that rivals the Deep Creek Lake State Park! 3 swimming platforms, multiple picnic pavilions, canoe racks, boat slips, jet ski area, trash building for the neighborhood, a pond for fishing, and for Sky Valley members, the only private boat launch on Deep Creek Lake. Explore the neighborhood on your golf cart or ATV! For the golfers in the group, it is only 6 minutes to Thousand Acre Lakeside Golf Course. Find out more about this secluded lake access community in the mountains of Western Maryland on the Sky Valley web site.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
84 LODGE CIRCLE
City
SWANTON
State
MD
Zip Code
21561
County
GARRETT
Listing
Name
Phone
(301) 387-2000
Office Name
Office Phone
(301) 387-2000
Agent Name
Susan Bell
Agency Phone
(301) 387-2000

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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.