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148 Elinor St
Chester, MD 21619
$800,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Discover your dream home in the exclusive WATER privileged community of Gibson's Grant, where pride of ownership shines through in every corner. Meticulously maintained by the original owners, this home boasts luxurious upgrades throughout, offering a lifestyle of unparalleled sophistication. Nestled within this waterfront enclave, residents enjoy access to a private pier, a charming clubhouse housed in the original dairy barn, complete with a fitness center and meeting room, an outdoor pool, picnic pavilion, tot lots, and convenient Cross Island Trail access. Positioned on a desirable lot backing to trees, unique to this street within the community, the home also overlooks a tranquil pond with picturesque Chester River views from the upper deck and winter water vistas from the rear. Step inside to hardwood flooring, crown molding, and high-end finishes accentuating the spacious rooms. The open-concept living room and kitchen are highlighted by a stone surround gas fireplace, perfect for cozy evenings. The chef-inspired kitchen boasts white soft-close cabinetry with roll-out shelves, stainless steel appliances including a double wall oven and gas cooktop, granite counters, and a sprawling center island with a breakfast bar adding style and functionality. The adjacent mud room, equipped with an additional pantry and coat closet offers convenient storage solutions and serves as a practical entry point from the garage. The dining room off the foyer, adorned with crown molding and chair railing, sets the stage for elegant gatherings and memorable meals with loved ones. Opposite the dining room, the main level office, featuring French doors, provides a tranquil workspace for remote work or focused study. Retreat to the luxurious primary bedroom featuring a tray ceiling, access to the covered top deck, a sitting room with dual closets, and a walk-in closet with Elfa storage system. The elegant en-suite bath showcases a double vanity with marble counter and a large, upgraded shower. The upper level hosts two additional bedrooms, a second full bath, and a convenient laundry room, providing functional and comfortable living spaces. Outdoor living is elevated with a covered front deck offering pond views and stunning sunsets over the river, while the fenced backyard oasis boasts a composite deck, paver patio, and lush perennial beds. Additional features include storm doors, an attached two-car garage, and a 4' high lower level with utilities and storage space. Experience resort-style living at its finest in this exquisite Gibson's Grant home. Property Updates: Deck, patio pavers, perennial beds, refrigerator, interior paint, blinds, storm doors, and more.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2017
MLS Number
MDQA2009322
Location
Address
148 ELINOR ST
City
CHESTER
State
MD
Zip Code
21619
County
QUEEN ANNE`S
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Northrop - Anne Arundel
Office Phone
(888) 536-0216
Agent Name
Kristi C Neidhardt

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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.