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4100 Underwood
University Park, MD 20782
Bryan Bartlett with Compass, original listing - (410) 220-5745
$899,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3887 Square Feet
Property Description
Welcome to your dream home! 4100 Underwood offers the very best of both worlds; a practically brand-new build and located in the established, much-desired neighborhood of University Park. This stunning, completely renovated residence offers an impressive 5 bedrooms and 4.5 baths, sprawling across nearly 4,000 square feet of fabulous living space. Every detail has been thoughtfully curated, from the high-end finishes to the stylish fixtures, this home was meticulously and lovingly planned for both luxury and functionality. The heart of the home is the expansive living area, highlighted by a beautiful brick fireplace for those cold winter nights, perfect for entertaining or relaxing with family. The modern kitchen boasts top-of-the-line stainless steel appliances, sleek quartz countertops, gorgeous tile backsplash and custom cabinetry, seamlessly flowing into the dining and living areas. Convenient to the kitchen, you'll find a massive walk-in pantry, providing ample storage for all your culinary needs. This exceptional property also features not one, but two primary suites, providing ultimate comfort and privacy. As you step through the front door, you'll be greeted by gleaming hardwood floors that carry throughout the main level, enhancing the open-concept layout that seamlessly connects the living, dining, and kitchen areas. The abundance of natural light highlights the beauty of these floors, creating a warm and inviting atmosphere. The main-level primary suite is a true retreat, ideal for guests or multi-generational living, offering convenience and privacy, boasting a large walk-in closet and spa-like bathroom that is an absolute showstopper. This luxurious bath features a unique water room, combining a soaking tub and a walk-in shower in a beautifully designed space that promises relaxation and rejuvenation. Completing the main level is a stunning four-season sunroom that seamlessly blends indoor and outdoor living. With direct access to the backyard, this sunroom is the perfect space to enjoy the beauty of every season. Whether you're looking to create a cozy family room or a serene retreat to bring the outdoors in, this sunroom offers endless possibilities. The upper level of the home presents its own primary suite with multiple closets and beautifully appointed bath, 3 more sizable rooms and an additional full bath. A thoughtful design element of this home is the communal space strategically placed between the bedrooms, enhancing the home's functionality. The lower level offers an enormous area of finished space, perfect for a variety of entertaining options, game room, home gym, or even additional living quarters with the 4th full bath. This level also includes a laundry room, utility room and bonus storage space. To ensure comfort on every level, the home is equipped with a dual-zone HVAC system, allowing for precise temperature control and energy efficiency throughout the year. Come visit prestigious University Park and envision your new beginning in this exceptional property!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1948
MLS Number
--
Location
Address
4100 UNDERWOOD
City
UNIVERSITY PARK
State
MD
Zip Code
20782
County
PRINCE GEORGE`S (METRO NORTH)
Listing
Provider
Name
Phone
(202) 491-1275
Office Name
Office Phone
(410) 220-5745
Agent Name
Bryan Bartlett
Agency Phone
(410) 220-5745

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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.