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14705 Sugarland Road
Poolesville, MD 20837
$2,750,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
5032
Property Description
Welcome to Beneva Farm in the sought after Agricultural Reserve of Montgomery County MD – A rare opportunity to own a 204+/- acre farm with highly productive soils for grapes, crops, horticulture, and livestock. There is a stream, a pond, open fields and forests on the Property. The Potomac River, C&O Canal and McKee-Beshers Wildlife Management Area is right across the street! The all-brick manor house features 3 large bedrooms, 3.5 bathrooms, an expansive open floor plan, a finished basement, and hardwood floors. It is nicely finished, clean and ready to enjoy. There are two tenant houses on the property for a total of THREE HOUSES - perfect for a family compound or a working farm operation. Multiple farm buildings include: 1) Milking Barn 80’x 36’ 2) Milk House 24’ x 15’ 3) Pole Barn 96’ x 60’ 4) Pole Barn 88’ x 60’ 5) Pole Barn 60’ x 41’ 6) Pole Barn 37’ x 32’ 7) Pole Barn 80’ x 52’ 8) Shed 20’ x 20’ and 9) Shop 32’ x 24’. The Property is improved with automatic waterers for livestock, a grain storage facility, roads, and fencing. Three phase electricity is onsite! There is road frontage on two roads, River Road and Sugarland Road. Located in close proximity to Potomac MD and an easy commute to Washington DC and major airports. Call Listing agent with any questions.
Property Information
Lot Size
204 acre(s) square ft
Property Type
Farm And Agriculture
Year Built
1979
MLS Number
MDMC2116774
Location
Address
14705 SUGARLAND ROAD
City
POOLESVILLE
State
MD
Zip Code
20837
County
MONTGOMERY (NORTH)
Listing
Provider
Charles H. Jamison, Inc., original listing
Name
Charles H. Jamison, Inc.
Phone
(301) 428-8200
Office Name
Charles H. Jamison, LLC
Office Phone
(301) 428-8200
Agent Name
Charlie Jamison

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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.