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1615 Henry Way
Forest Hill, MD 21050
$1,399,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
9500
Property Description
Gorgeous southern colonial gracefully nestled on a breathtaking 5.12 acre estate boasting panoramic views that captivate from every angle. Step onto the expansive front porch or retreat to the enchanting back porch, where a meandering hardscape leads to a relaxing hot tub and a charming gazebo, inviting you to savor the picturesque landscape. Let's take a step inside to embrace the thoughtfully designed floor plan including a soaring 2 story foyer that flows seamlessly into the living room, dining room, powder room and family room with cathedral ceilings and an oversized mantle with a gas fireplace. A gourmet kitchen with custom cabinetry is conveniently located off of the family room and dining room and opens to a sun-drenched sunroom with even more spectacular views of your lovely landscape. A main level mud room offers easy access to the upper level Frog room, as well as, the main level laundry room and oversized three car garage. Retreat to the main-level owner's en-suite, boasting a private sitting room with French doors to the front porch, a spacious walk-in closet, and an updated owner's bath with dual egresses to the backyard oasis. Upstairs, another spacious owner's en-suite awaits, featuring a dressing area, walk-in closet, and additional storage. A balcony overlooks the family room and leads to two additional bedrooms, a full bathroom, and an expansive Frog room. The lower level offers the perfect in-law situation with an amazing Great room that flows into a "kitchen" area with rough-in plumbing & electrical. An exercise room could easily be another bedroom and opens to a den with access to two large storage areas and steps up to the outside. A spacious recreation room could easily be yet another bedroom, if desired. With another full bathroom and laundry room this lower level provides countless possibilities. This stunning home has been recently updated with fresh paint, new flooring, new lighting and the list goes on. Don't hesitate to make your dream a reality today!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2004
MLS Number
MDHR2031246
Location
Address
1615 HENRY WAY
City
FOREST HILL
State
MD
Zip Code
21050
County
HARFORD (NORTHWEST)
Listing
Provider
Berkshire Hathaway HomeServices PenFed Realty, original listing
Name
Berkshire Hathaway HomeServices PenFed Realty
Phone
(866) 225-5778
Office Name
Berkshire Hathaway HomeServices PenFed Realty
Office Phone
(410) 515-5300
Agent Name
Peggy Smith

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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.