Baltimore, Maryland 21239
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Baltimore, MD 21239

3 Beds | 2 Baths | 1,178 sq. ft.
Short Sale
Listing ID: 52408522

$135,000

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: $135,000
    • Bedrooms: 3
    • Bathrooms: 2
    • Full Baths: 1
    • Half Baths: 1
    • Living Area Size: 1,178
    • Heating Type: Forced Air
    • Air Conditioning: Central A/C
    • Year Built: 1948
    • Description: Solid and sensible affordable red brick town-home. Rehabbed at least once in its lifetime - central air, updated kitchen, finished lower level, deck & parking pad- there is a lot of bang for the buck here - this is a short sale but we are working with a great short sale negotiation team - a little polish will make this home shine! Cheers! Enjoy! Copyright 2019 Long & Foster Real Estate. 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: MDBA465338
    • Day(s) On Site: 170
  • Property Tax Roll
    • Subdivision: LOCH RAVEN
    • School District: BALTIMORE CITY PUBLIC SCHOOLS
    • Property Type: Townhouse
  • County Tax Roll
    • Baths: 1
    • Full Baths: 1
    • No. of Stories: 2 STRY W/BSMT
    • Air Conditioning: SEPARATE SYSTEM
    • Exterior Wall Type: BRICK
    • Heating Type: RADIANT HOT WATER
    • Roof Material: BUILT UP
    • Land Area Sqft: 1,995
    • Year Built: 1948
    • APN: 5387-206
    • Property Type: Single Family Residence
    • Township: 27
    • Front Footage: 19
    • Depth Footage: 105
    • Living Sqft: 1,178
    • Style: TOWNHOUSE
  • AVM Report
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  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $709 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $13,500 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
06/09/15 10/07/15 Preforeclosure View now
  • Contact Information
    • Agent Company: Lake Roland
    • Agent Name: Bill Magruder
    • Agent Company Address: 6080 Falls Road
    • Agent Company City: Baltimore
    • Agent Company State: MD
    • Agent Company Zip: 21209
    • Agent Company Phone: (866) 677-6937
    • Agent Company Email: Email Now
    • Agent Phone: (866) 677-6937
    • 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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