Waldorf, Maryland 20603
Listing Details
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Waldorf, MD 20603

5 Beds | 5 Baths | 4,922 sq. ft.
Short Sale
Listing ID: 53187250

$425,000

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons. For more check out 'First Steps' below.
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  • Property Information
    • Price: $425,000
    • Bedrooms: 5
    • Bathrooms: 5
    • Full Baths: 4
    • Half Baths: 1
    • Living Area Size: 4,922
    • Basement: Yes
    • Total Square Feet: 4,614
    • Lot Size: 0.38 acres
    • Style: Colonial
    • Fireplace: Yes
    • Heating Type: Fireplace
    • Air Conditioning: Central A/C
    • Year Built: 2002
    • Description: Gorgeous Brick front Colonial with upgrades galore. - sunroom, gourmet kitchen,MBR with sitting room, Jacuzzi jetted tub and huge closet. Hardwood floors on main level, built-ins in library, fully finished walk out basement. Theatre room and wet bar. Short Sale. Shows Well. No Repairs. NOTE: This property is to be placed in an upcoming auction. All bids should be submitted to www.xome.com (void where prohibited). All auction properties are subject to a 5% buyer's premium pursuant to the Event Agreement and Auction Terms & Conditions (minimums will apply). Please contact listing agent for details and commission paid on this property. Copyright 2020 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
    • Source ID: MDCH207710
    • Day(s) On Site: 101
  • Property Tax Roll
    • Subdivision: Settle Woods Sub
    • School District: CHARLES COUNTY PUBLIC SCHOOLS
    • Property Type: Single Family Dwelling
  • County Tax Roll
    • Baths: 4
    • Full Baths: 4
    • No. of Stories: 2 STRY W/BSMT
    • Basement Sqft: 1,240
    • Air Conditioning: SPLIT SYSTEM
    • Fireplaces: 1 STORY FRAME
    • Exterior Wall Type: ALUMINUM/VINYL
    • Heating Type: HEAT PUMP
    • Roof Material: COMPOSITION SHINGLE
    • Land Area Sqft: 16,422
    • Year Built: 2002
    • APN: 0013-0003-0001-0000-0008
    • Property Type: Single Family Residence
    • Township: 06
    • Living Sqft: 4,922
    • Style: CONVENTIONAL
    • Sewer Type: PRIVATE
    • Subdivision: SETTLE WOODS
  • AVM Report
  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $2,232 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $42,500 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
12/15/14 04/14/15 Preforeclosure View now
07/06/10 08/27/10 Preforeclosure View now
  • Contact Information
    • Agent Company: Douglas Realty, LLC
    • Agent Name: Sharon Troy
    • Agent Company Address: 8585 Fort Smallwood ROAD
    • Agent Company City: Pasadena
    • Agent Company State: MD
    • Agent Company Zip: 21122
    • Agent Company Phone: (866) 987-3937
    • Agent Company Email: Email Now
    • Agent Phone: (866) 987-3937
    • Agent Email: Email Now

FIRST STEPS:

Short Sales

You've identified an ideal short sale property. Now what? Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value.

Read more

Indeed, the existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

On the flip side, lenders are often willing to agree to sale prices that are considerably less than what is owed on the current mortgages because the alternative is foreclosure, a costly, complicated and expensive process that will most likely only clog their non-performing asset pipeline further.

Therefore, once you identify a desirable short sale property, it's important to contact a local licensed real estate professional - or the listing agent - who can walk you through the negotiation and purchase process.

You need to act fast!

That's because short sales are time-sensitive. In addition, it's not a "traditional" transaction, meaning that it often takes longer - about four to six months on average - to close a deal.

But, more often that not, it's well worth the wait ... literally and figuratively.

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