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5289 Ferry Neck Rd
Royal Oak, MD 21662
Cornelia C. Heckenbach with St Michaels/Talbot St, original listing - (888) 536-0216
$8,445,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
--
Property Description
This one of a kind property has it all-145 acres of farmland, pastures and farmland in sought after Royal Oak with a long view of Fox Hole Creek leading to the Tred Avon River. The stately paved driveway passes through the verdant landscape of broad vistas to three ponds, fields, pastures defined by white fences and a canopy of mature sawtooth oaks, until the Colonial style main house is revealed. From the house's two and a half story main wing, side wings telescope down to one-story wings. The main floor has great indoor-outdoor flow from the waterside rooms of the sunroom, breakfast room, living room, family room and primary suite to the brick terrace that spans the full length of the house. The stair hall on the second floor leads to a spacious deck for bird's views of the water between the two bedroom en -suites and two offices. The third floor contains another bedroom en-suite. The property also includes a 2 bedroom suite guest house , detached garage with an apartment above, in-ground pool, pool house with a sauna,, bath, kitchenette and porch, small boat house and pier, and a greenhouse with a sitting area . For the equestrian enthusiast, there is a five stall barn with tack room and washroom with fenced paddocks. Another large barn has been transformed into a garage housing a classic car collection. The variety of outdoor rooms range from the main house's front porch, rear covered brick terrace, a covered brick walkway that connects the house to the pool area and the pool house's porch and lounging area shaded by a pergola. This peaceful and very private waterfront haven is both close to the Belleview Ferry to Oxford and is also equidistant to the amenities of Easton and St. Michaels ! 50 miles from Annapolis MD, 70 from Washington DC, 12 miles to the Easton Airport. The property is immaculate maintained, new main house composite roof , geothermal HVAC, wine cellar, gorgeous heart pine floors, sprinkler system, Starlink internet, broadband cable available .There is a main entrance and a farm entrance.
Property Information
Lot Size
145 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1900
MLS Number
--
Location
Address
5289 FERRY NECK RD
City
ROYAL OAK
State
MD
Zip Code
21662
County
TALBOT
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Cornelia C. Heckenbach
Agency Phone
(888) 536-0216

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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.