Silver Spring, Maryland 20902
Listing Details
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Silver Spring, MD 20902

4 Beds | 2 Baths | 1,008 sq. ft.
Short Sale
Listing ID: 39498910

$218,000

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: $218,000
    • Bedrooms: 4
    • Bathrooms: 2
    • Full Baths: 2
    • Living Area Size: 1,008
    • Style: Colonial
    • Heating Type: Forced Air
    • Air Conditioning: Central A/C
    • Year Built: 1950
    • Description: SHORT SALE HAS BEEN APPRUVED AT LISTING PRICE BY THE BANK
    • Comments: Listing Status: Pending
    • Source ID: MC8088719
    • Day(s) On Site: 2436
  • Property Tax Roll
    • Subdivision: CONN AVE ESTATES
    • Property Type: Multi Family Dwelling
  • County Tax Roll
    • Baths: 1
    • Full Baths: 1
    • No. of Stories: 2 STRY W/BSMT
    • Exterior Wall Type: FRAME BRICK
    • Heating Type: HOT AIR
    • Roof Material: COMPOSITION SHINGLE
    • Land Area Sqft: 3,642
    • Year Built: 1950
    • APN: HQ52-0000-0000-0019-0014
    • Property Type: Single Family Residence
    • Township: 13
    • Living Sqft: 1,008
    • Style: TOWNHOUSE
    • Sewer Type: PUBLIC
    • Subdivision: CONN AVE ESTATES
  • AVM Report
  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,145 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $21,800 (10%) down.

      Check rates now!
Listing History
Start Date End Date Listing Type  
08/21/19 12/19/19 Preforeclosure View now
05/24/13 11/03/13 Short Sale View now
  • Contact Information
    • Agent Company: Silver Spring/Colesville Sales
    • Agent Name: Raymond Diaz
    • Agent Company Address: 13321 New Hampshire Avenue
    • Agent Company City: Silver Spring
    • Agent Company State: MD
    • Agent Company Zip: 20904
    • Agent Company Phone: (301) 236-4300
    • Agent Phone: (301) 236-4300
    • 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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