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800 Terrie Ct
Salisbury, MD 21801
$499,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Welcome to this exquisite waterfront sanctuary nestled on an peaceful end lot, graciously overlooking the picturesque Wicomico River in Salisbury, Maryland. This stunning home offers a blend of luxurious living and breathtaking natural beauty, with captivating waterfront vistas that envelop both the interior and exterior spaces. As you step inside, you are greeted by an open and airy floor plan that invites you to unwind and revel in the tranquil waterfront setting. A lovely kitchen hosts a charming breakfast area, perfect for savoring your morning coffee. The large dining room is accompanied by a beautiful bay window and seamlessly connects to a grand great room adorned with a timeless brick fireplace and flanked by built-in shelving, creating an inviting space for gatherings and relaxation. The true gem of this waterfront retreat is the extraordinary solarium, boasting panoramic and never-ending waterfront views. This sun-soaked sanctuary promises moments of pure bliss. The main level also provides a spacious primary suite, complete with a large full bath featuring double vanities and a seamless connection to a convenient laundry room. A family room, adorned with a second fireplace and water views, offers another cozy space for unwinding. Venture to the upper level and you'll discover an expansive second bedroom adorned with a large window seat that invites you to take in the below river scenery. A third bedroom and full bath complete the upper level accommodations, offering comfort and privacy for family and guests. A 2-car garage awaits, featuring built-in storage racks and a utility sink. A shared pier and dock provide easy access to the river, whether you're an avid boater or simply wish to enjoy the tranquility of waterside living. This oasis of peace and serenity in Salisbury, MD where every day you're provided the opportunity to indulge in the beauty of waterfront living.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1984
MLS Number
MDWC2010916
Location
Address
800 TERRIE CT
City
SALISBURY
State
MD
Zip Code
21801
County
WICOMICO
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Northrop - Fenwick Island
Office Phone
(888) 536-0216
Agent Name
Tom Ruch

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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.