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201 S Heron Dr #6e
Ocean City, MD 21842
$415,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
--
Property Description
This is the turn-key, beautifully remodeled North Ocean City condo you've been waiting for. Everything within this property is brand new, from the mechanicals to the finishes, even the roof! Step inside to find flowing LVP flooring throughout, a gourmet kitchen featuring white craftsman-style cabinetry, stainless steel appliances, granite countertops, ceramic tile backsplash, and a breakfast bar perfect for those quick meals before hitting the beach. The open floor plan is inviting for guests and allows fantastic natural light. The master suite boasts private deck access, along with an en-suite bath that is sure to impress with a high-end double vanity, new Moen faucets, a new shower head, and an elevated mirror and lighting package. The guest bedroom is a great size and also offers an en-suite full bath, tastefully renovated with a new vanity, new Moen faucet, new shower head, and new mirror and lighting package. Outside you'll enter your own private oasis, boasting both a covered porch and a concrete patio. Enjoy soaking up the sun, hoasting get-togethers, and even grilling your evening meals (quite a rare feature for Ocean City condos). Being a first-floor unit, you don't have to worry about the hassell of stairs either. The Heron Harbour community offers everything that you could need in a beach retreat: an indoor heated pool, three outdoor pools (resort style, lap, and kiddie), a sundeck, a waterfront clubhouse with a library, fitness center, and a sauna, tennis courts, and plenty of walking paths throughout the community. Located within walking distance to the beach, restaurants, convenience store, shops, and so much more, so you're sure to maximize you're time spent in Ocean City. This property has never been a rental, which shows in its pristine condition, but it could easily make a fantastic rental property if desired. There are too many upgraded features within this condo to list, so be sure to check out the Property Features List.
Property Information
Lot Size
-- square ft
Property Type
Common Interest
Year Built
1990
MLS Number
MDWO2020922
Location
Address
201 S HERON DR #6E
City
OCEAN CITY
State
MD
Zip Code
21842
County
WORCESTER
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Bethany
Office Phone
(888) 536-0216
Agent Name
Rhonda L Broseker-Frick

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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.