An Update on Real Estate Sales Activity in Piney Orchard’s Piney Station Neighborhood

With the first quarter of 2015 nearly complete, let’s take a quick look at the recent real estate sales activity in the Piney Station neighborhood of Piney Orchard. Piney Orchard is one of the most popular residential communities in Odenton, Maryland, with tremendous amenities and quick access to the Fort Meade, Maryland, military installation.

 

Statistics from the MLS show that two homes in Piney Station have sold so far in 2015:

 

1. 1020 Meandering Way, Odenton, Maryland, 21113

Piney Orchard Home Sales

This townhome located at 1020 Meandering Way in the Piney Orchard section of Odenton, Maryland, sold on January 29, 2015, for $310,200. This home was a foreclosed property sold by the bank that repossessed it.

List Price: $310,000

Close Price: $310,200

Seller Help Provided to Buyer: $0

Close Date: Jan. 29, 2015

Days on Market: 105

Notes: This home was a foreclosed property sold by the bank that repossessed it. The home was sold in “as-is” condition. The property has 3 bedrooms, 2.5 bathrooms, a 1-car garage, and it is an interior (not end) unit. Other features include a brick front exterior, eat-in kitchen, deck, gas fireplace, and rear yard backing to a common area with a nice view.

 

2. 2480 Ivy Landing Way, Odenton, Maryland, 21113

Piney Orchard Home Sales

2480 Ivy Landing Way in the Piney Orchard section of Odenton, Maryland, recently sold for $350,000.

List Price: $354,900

Close Price: $350,000

Seller Help Provided to Buyer: $1,000

Close Date: Jan. 11, 2015

Days on Market: 43

Notes: This transaction was a standard sale, not a short sale or foreclosure. The home is an end unit with a fully finished walk-out basement. The home includes bump-outs on two levels, 3 bedrooms and 3.5 baths. Also included are hardwood floors, crown moulding, and an updated kitchen with granite counters and stainless steel appliances. The family room has a cathedral ceiling, and there is a gas fireplace and full bath in the basement. The sellers also provided a home warranty to the buyers.

 

Meanwhile, four Piney Station homes currently are listed for sale on the MLS, and one of those homes is under contract.

 

1. 2570 Junco Court, Odenton, Maryland 21113

Piney Orchard Homes for Sale

This three-level townhome at 2570 Junco Court, Odenton, is listed for $374,500. The property is under contract, with an expected settlement date in April 2015.

List Price: $374,500

List Date: Aug. 4, 2014

Days on Market: 214

Bedrooms: 3

Bathrooms: 2.5

Notes: This home differs from the other three homes currently for sale in Piney Station in that this home has a one-car garage and three levels above grade. The home includes an open living room with dining area, a kitchen with an island and a breakfast area, and a fireplace on the main level. The master bedroom includes a walk-in closet and a private bath. The walkout level rec room includes a powder room and laundry closet. The homes also boasts new paint and carpet.

 

2. 2519 Black Oak Way, Odenton, Maryland, 21113

Piney Orchard Homes for Sale

This home at 2519 Black Oak Way, in the Piney Station neighborhood of Piney Orchard, Odenton, is one of three Piney Station homes currently for sale on the same street – and offered at nearly the same price.

List Price: $320,000

List Date: Jan. 20, 2015

Days on Market: 65

Bedrooms: 3

Bathrooms: 3.5

Notes: The first of three Piney Station homes currently for sale on the same street – and offered at nearly the same price — this home backs to woods. It has a large deck, a lower-level brick patio and a three-level bump-out. It also features two large bedrooms upstairs, each with its own full bath. The finished basement can be used as a third bedroom and rec room. The kitchen area has a large bump-out to act as separate dining area, office or sitting room.

 

3. 2507 Black Oak Way, Odenton, Maryland, 21113

Piney Orchard Homes for Sale

This home at 2507 Black Oak Way in the Piney Station neighborhood of Piney Orchard, Odenton, is listed for $319,000, and has been on the market 139 days.

List Price: $ 319,000

List Date: Nov. 3, 2014

Days on Market: 139

Bedrooms: 3

Bathrooms: 3.5

Notes: This home features a finished, walk-out basement with a bump-out and a full bath. There’s also a bump-out sun room on the main level. The home backs to trees.

 

4. 2509 Black Oak Way, Odenton, Maryland 21113

Piney Orchard Homes for Sale

2509 Black Oak Way, in the Piney Station neighborhood of Piney Orchard, Odenton, is currently listed for sale at $319,900.

List Price: $319,900

List Date: March 6, 2015

Days on Market: 20

Bedrooms: 3

Bathrooms: 2.5

Notes: This home has a fully finished basement and a two-story bump out. The main level has hardwood floors in the living room and foyer. The upgraded kitchen features newer appliances, recently installed granite, a back splash and a tile floor. There is new carpet on the stairs and on the upper level. The lower level has an open family room. On the exterior, the home has a large deck overlooking a private wooded yard.

 

Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his blog (www.JerryKlineRealtor.wordpress.com) or website (www.JerryKline.kwrealty.com).

 

Are You a House Flipper? Take This FREE Class in Millersville, Maryland

Learn more about flipping houses the RIGHT way at tomorrow's FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

Learn more about flipping houses the RIGHT way at tomorrow’s FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

There’s a lot more to “flipping” houses than most people realize. Unless you’re an all-cash buyer, one of the biggest hurdles to overcome is securing funding for your renovation project. If you’d like to learn more about the basics of financing for real estate investors, CHARTER TITLE and KELLER WILLIAMS FLAGSHIP OF MARYLAND are holding a FREE CLASS on the subject tomorrow, Feb. 3. The class will cover:

– finance options for investors;

– ideal property types;

– equity based loans;

– seller financing and seller second loans; and

– commercial financing options.

The class will be held in the Keller Williams Flagship office training room, 1111 Benfield Blvd., Suite 250, Millersville, Maryland, 21108. Class time is 10 am until 11:30 am, and light breakfast refreshments will be served.

 

For more information on the class, or on investment property purchases in general. contact Jerry Kline, Realtor, Keller Williams Flagship of Maryland, at (443) 924-7418.

 

Hope to see you there!

The Cliftons Complete Their Pasadena, Md., Home Purchase

Jerry Kline (left), realtor with Keller Williams Flagship of Maryland, celebrates with Alicia & Robert Clifton, following the purchase of their new home in Pasadena, Md.

Jerry Kline (left), realtor with Keller Williams Flagship of Maryland, celebrates with Alicia & Robert Clifton, following the purchase of their new home in Pasadena, Md.

Robert and Alicia Clifton completed the purchase of their new Pasadena, Md., home Dec. 22, just in time to move in for Christmas. The Cliftons relocated to the central Maryland area from Georgia to accommodate Robert’s new assignment with the Coast Guard.

Avid boating enthusiasts, the Cliftons selected a large single family home with a 3-acre wooded lot, just a stone’s throw from the water and a marina. Congratulations on your new home, Robert & Alicia, and thanks for allowing me to help you with the search and purchase!

If you know someone looking to buy or sell a home in the Baltimore/Washington/Annapolis area, call me at 443-924-7418. I’ll be glad to help!

Second Arrest Made in Arkansas Agent’s Murder

According to police reports, Crystal Lowery, the suspect’s wife and a nursing student at the University of Arkansas at Little Rock, filed for divorce from Lewis on Oct. 17, citing general indignities and Lewis’ murder charge. She said in the filing that she did not know Lewis was a seven-time felon when they had married on April 20. Police have yet to disclose details on Lowery’s suspected involvement and if any additional suspects are being sought in the case.

Second Arrest Made in Ark. Agent’s Murder

When HOAs Foreclose, Mortgage Banks Are Left Empty-Handed

An eye-opening trend, really. Homeowner associations, similar to lenders, can foreclose on homes to recoup delinquent payments. Nevada, as well as 20 other states, has laws giving HOA liens priority over first mortgages.

HOA Foreclosures Leave Banks Empty-Handed

Federal Regulators Announce Dramatic Easing of Mortgage Standards

The move is expected to help open up the credit box to first-time buyers, self-employed borrowers, borrowers who have had recent job switches, and borrowers who faced financial hardship during the recession.

FHFA’s Dramatic Easing of Mortgage Standards

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