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369 Hemsley Drive
Queenstown, MD 21658
$1,200,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2728
Property Description
OPEN HOUSE, Saturday, May 4 from 2-4 pm WOW...Huge price improvement! Motivated Seller!! Impeccable VIEWS! Indulge in the allure of the brand-new including a NEW PIER, new roof and furnace in 2024! Discover the pinnacle of waterfront living in the highly sought-after enclave of Governor Grason Manor. Here, on sailboat-friendly waters with a depth of approximately 6 ft+/- , you'll experience the ultimate Chesapeake Bay lifestyle. Immerse yourself in the captivating waterfront vistas of the Wye River, where the crabbing is second to none. Hop on your boat for a scenic 20-min. ride to the historic charm of St. Michaels, where delightful dining experiences await. Or, for a quicker adventure, set sail to the Narrows, home to tiki bars and fine restaurants, offering the perfect setting for a leisurely evening. This waterfront retreat boasts a private pier equipped with a boat lift, electric, and water connections, as well as a swimming deck/jet ski platform. Whether you're an avid boater or simply a lover of waterside living, this property promises endless aquatic enjoyment. Step inside the home to discover an open and inviting floor plan, where every detail has been meticulously updated and transformed. With three bedrooms and two stylishly appointed baths, you'll find comfort and convenience at every turn. Need a quiet workspace or an additional bedroom? The office with French doors can easily accommodate your needs. At the heart of this captivating waterfront home lies a welcoming living room, where a wood-burning fireplace takes center stage, infusing the space with both warmth and ambiance. New windows usher in natural light and frame the mesmerizing views. Step through the adjacent sliding glass doors, and you'll find yourself on an inviting deck that extends your living space into the great outdoors with panoramic water views that will leave you in awe For those who crave even more space for entertaining and relaxation, there's a hidden treasure waiting downstairs where you'll discover a welcoming family room adorned with a cozy wood stove. The accent brick wall adds a touch of rustic charm to the ambiance. Adjacent to the family room, an inviting sunroom beckons offering not only an abundance of natural light but can bask in the serenity of your very own waterfront oasis, where the tranquil waters of the river gently lap at the shoreline. It's the perfect setting for quiet moments of reflection or for gathering with friends and family while enjoying the ever-changing waterscape. And that's not all. This lower level also boasts two generously sized bedrooms, providing ample accommodations for guests or family members. Plus, there's no shortage of storage space. With this additional living area on the lower level, you have the flexibility to host larger gatherings, create a private retreat for guests, or simply enjoy more space for your everyday activities. It's a versatile and welcoming extension of this already spectacular waterfront home, adding even more reasons to make it your own. There have been so many updates from the baths to the flooring, garage doors to lighting, and fresh paint throughout. The kitchen is a masterpiece of design, featuring all-new soft-close cabinets and drawers, a center island, granite countertops, stainless steel appliances, and, of course, those breathtaking water views. Situated on a sprawling 1.31-acre lot, privacy abounds, and there's ample room for outdoor activities and relaxation. An oversized 2-car garage provides plenty of space for vehicles and storage. The county has even suggested the potential for a pool - just imagine the possibilities! Don't let this remarkable opportunity slip through your fingers. Embrace waterfront living and make this captivating property your own. It's a rare gem that promises a lifetime of memories on the Wye!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1976
MLS Number
MDQA2006778
Location
Address
369 HEMSLEY DRIVE
City
QUEENSTOWN
State
MD
Zip Code
21658
County
QUEEN ANNE`S
Listing
Provider
Re/Max Executive, original listing
Name
Re/Max Executive
Phone
(443) 274-1900
Office Name
RE/MAX Executive
Office Phone
(443) 274-1900
Agent Name
Darlene Winegardner

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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.