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5388 Royal Mile Boulevard
Salisbury, MD 21801
$609,900
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4696
Property Description
Spacious luxury living in the esteemed West Nithsdale Subdivision! This stunning colonial home boasts an impressive 4696 sq ft of living space, nestled on a corner lot for added privacy and charm. Built in 1996, this home exudes timeless elegance and modern convenience. As you step inside, you'll be greeted by a grand foyer and staircase that sets the tone for the rest of the residence. Entertain with ease in the expansive kitchen, featuring a huge center island that's perfect for gatherings and culinary adventures. The kitchen is truly the heart of this home, offering ample space for meal preparation and casual dining. Four wood burning fireplaces add warmth and character to the home, with one located in the formal dining room, another in the formal living room, and a third in the massive family room. Whether you're hosting intimate dinner parties or cozying up with loved ones on chilly evenings, these fireplaces provide the perfect ambiance. Escape to the attached sunroom, where you can relax and soak in the natural light year-round. This versatile space offers endless possibilities, whether you're enjoying your morning coffee or indulging in a good book. The family room is a true entertainment hub, featuring a wet bar for serving up your favorite beverages and cocktails. This space is perfect for hosting game nights, watching movies, or simply unwinding after a long day. If space and square footage is what you need, then the amazingly large rooms on both floors make this house feel incredibly homey, yet provide ample space for you to spread out and create lasting memories. and yet at such an affordable price! This home was custom built for these original owners and is a bargain today at this price per square foot. The home also features geothermal heat and air, ensuring comfort and efficiency throughout the seasons. Say goodbye to high energy bills and hello to sustainable living! End your day cozy in your peaceful master suite that has the 4th fireplace! It also has an extra room, offering tons of space for relaxation, hobbies and privacy. The fabulous master bath with grey and white marble tile, provides a serene oasis, complete with all the amenities you desire. There is another bedroom with an attached full bath, and two other bedrooms on the 2nd floor share the other, very large hall bath; for a total of 4 bedrooms and 3 and 1/2 baths in this home. Additional features include hardwood floors throughout, adding elegance and durability to every room. Plus, a large attic provides ample storage space for your belongings, keeping your home organized and clutter-free. Yay for Spring and Summer! They are finally coming and the fenced yard is a safe and serene retreat for outdoor enjoyment. With keyed access to a boat ramp, tennis courts, playground, and more, West Nithsdale Residents have many amenities to enjoy. Don't miss this opportunity to own a piece of paradise in one of the area's most desirable neighborhoods. Schedule your private showing today and experience luxury living at its finest!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1996
MLS Number
MDWC2013232
Location
Address
5388 ROYAL MILE BOULEVARD
City
SALISBURY
State
MD
Zip Code
21801
County
WICOMICO
Listing
Provider
ERA Martin Associates, original listing
Name
ERA Martin Associates
Phone
(410) 749-1818
Office Name
ERA Martin Associates
Office Phone
(410) 749-1818
Agent Name
Laurie Cannon

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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.