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46095 N Greens Rest Drive
Great Mills, MD 20634
$529,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3588
Property Description
Waterfront Community just minutes from PAX Naval Air Station. This spacious 3-level Colonial is located in Riverside Farms and has 4 bedrooms, 3 full baths, 1 half bath, 2 car garage and U-shaped driveway. With over 3,500 sqf of total living space, this home has an open foyer with 9ft+ ceiling, half bath, living room with gas fireplace, dining room, kitchen with granite countertops, stainless steel appliances, pantry, laundry room. From the kitchen and family room combo step out onto the covered deck into the open flat backyard that is just over 1.3 acres - great for entertaining. There is an above-ground pool (conveying as is) and an additional concrete patio that can be used as a basketball court or sitting area (located on the left side of the house as you're facing the backyard). Upstairs is your spacious primary bedroom, with a walk-in closet, and a large bathroom with a soaking tub, separate stand-up shower, and double vanity sinks. Down the hall is a full bath, and three additional bedrooms. The walk-up basement is fully finished with full bathroom, living room, and wet bar. Basement needs updating; however, property is priced accordingly. Roof is less than 5 years old, HVAC has been maintained annually, home is wired for generator, and new carpet throughout the main floor and upper floor. Around the corner is the St. Mary's River community pier with canoe and kayak launch, and behind the property is the community field and playground. Short drive to PAX, shopping, restaurants, beaches, and Leonardtown Square. ***To access the waterfront community pier, turn right from the driveway, then left onto Greens Rest Lane, then right onto Greens Rest Way, gate and walking trail will be on the left.***
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
MDSM2018204
Location
Address
46095 N GREENS REST DRIVE
City
GREAT MILLS
State
MD
Zip Code
20634
County
SAINT MARY`S
Listing
Provider
JPAR Real Estate Professionals, original listing
Name
JPAR Real Estate Professionals
Phone
(301) 684-4895
Office Name
JPAR Real Estate Professionals
Office Phone
(301) 684-4895
Agent Name
Gia DiMuzio

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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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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.