Ellicott City, Maryland 21043
Listing Details
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Ellicott City, MD 21043

5 Beds | 5 Baths | 5,504 sq. ft.
Short Sale
Listing ID: 52504768

$773,000

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: $773,000
    • Bedrooms: 5
    • Bathrooms: 5
    • Full Baths: 4
    • Half Baths: 1
    • Living Area Size: 5,504
    • Basement: Yes
    • Total Square Feet: 5,504
    • Lot Size: 0.35 acres
    • Style: Colonial
    • Fireplace: Yes
    • Heating Type: Fireplace
    • Air Conditioning: Central A/C
    • Year Built: 2007
    • Description: STEAL OF A DEAL!! BANK APPROVED SHORT SALE AT LIST PRICE, CLOSE QUICK!!! Selling As-Is. Beautiful Brick front Colonial with all you can ask for, in a top School District! Large open foyer coming into the entrance of the home with a living room and dining room. Enormous and beautiful kitchen with granite counter tops, and stainless steal appliances. There is a Sunroom off of the kitchen which leads out to the patio. Additionally on the main level you have a large Family room with Heigh Ceilings, an office, and a powder room. On the Upper Level you have an amazing Master bedroom with a sitting area and a generous sized bathroom. There are three additional bedrooms and two full bathrooms. Down in the lower level there is plenty of space to entertain along with a bedroom and full bathroom. Don't miss out on this Beautiful home! 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: MDHW260840
    • Days On Site: 273
  • Property Tax Roll
    • Subdivision: Owens Property
    • School District: HOWARD COUNTY PUBLIC SCHOOL SYSTEM
    • Property Type: Single Family Dwelling
  • County Tax Roll
    • Baths: 2.5
    • Full Baths: 2
    • Half Baths: 1
    • No. of Stories: 2 STRY W/BSMT
    • Basement Sqft: 1,000
    • Air Conditioning: SPLIT SYSTEM
    • Exterior Wall Type: FRAME
    • Heating Type: HOT AIR
    • Roof Material: COMPOSITION SHINGLE
    • Land Area Sqft: 15,148
    • Year Built: 2007
    • APN: 0031-0017-0243-9999-0013
    • Property Type: Single Family Residence
    • Township: 01
    • Living Sqft: 5,504
    • Style: CONVENTIONAL
    • Subdivision: OWENS PROP PH 01
  • AVM Report
  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $4,060 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $77,300 (10%) down.

      Check rates now!
  • Contact Information
    • Agent Company: Berkshire Hathaway HomeServices Homesale Realty
    • Agent Name: David Pensak
    • Agent Company Address: 1425 Clarkview ROAD
    • Agent Company City: Baltimore
    • Agent Company State: MD
    • Agent Company Zip: 21209
    • Agent Company Phone: (410) 583-0400
    • Agent Company Email: Email Now
    • Agent Phone: (410) 583-0400
    • 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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