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A FIXER UPPER HOME IN DAMASCUS is a good way to maximize your buying power. Damascus, Maryland is a wonderful community in Northern Montgomery County.
Homebuyers with a "vision" can benefit from the purchase and financing of fixer upper homes. Many foreclosures on the market today are wonderful candidates for this type of purchase. All a home buyer needs ia an experienced Buyers Agent and a "vision".
DEPENDING ON THE EXTENT OF THE RENOVATIONS YOU ELECT TO MAKE:
Some of the attractions in Damascus include
* Highly ranked and popular public schools.
* Homes in moderate prices when compared to real estate in other locations in Montgomery County
* Larger than average lot size for Montgomery County.
* Convenience to Route 270 for Montgomery County and DC commuters.
Local shopping in the Town of Damascus for everyday needs. Just look at the variety.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.
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DAMASCUS REO BARGAIN
This Sandy Spring Bank foreclosure may be your fall purchase opportunity. This home has large rooms and space for a studio or office as well as a finished lower level. And, lots of parking. Contact us for more details on this home or other lender owned homes in Montgomery County and Frederick County, MD.
Buyers need to have a pre-qualification letter in hand since that information needs to be submitted with any offer. Ask us for a referral to a loan officer. Select us as your exclusive buyer agents and we will show you how to successfully purchase a REO property. roykelley@mris.com
| 25624 RIDGE RD, DAMASCUS, MD 20872 | |||
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5 BEDROOMS/4 BATHS - $450,000 |
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PUBLIC RECORD Tax Fiscal Year 2008 Estimated property tax and non-tax charges in first full fiscal year of ownership. |
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| TOTAL EST. CHARGES: $4,328 | City Tax: | Tax Year: 2008 | |||||||||||||||||||||||
| State/County Tax: $2,950 | Refuse: 198.42 | Base Tax Rate: 0.74 | |||||||||||||||||||||||
| Special Tax: $1,179 | Homestd/Exempt Status: | Exempt Class: 000 | |||||||||||||||||||||||
| Front Foot Fee: | Tax Class: 42 | Mult Class: | |||||||||||||||||||||||
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DAMASCUS REO PRICE REDUCED
September home purchasers need to watch the inventory of lender owned foreclosures for bargain prices. The lenders have a large inventory of properties and are reducing the prices until they are sold.
Buyers need to be pre-qualified for financing since a lender letter must be submitted with any offer. Ask us for a referral to a loan officer if you have not selected a lender. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com
| 25376 DAMASCUS PARK TER, DAMASCUS, MD 20872 | |||
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PRICE REDUCED: $295,000 |
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| PREVIOUS TRANSFER DATE AND PRICE: 22-Feb-2005 | $445,000 |
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DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR
If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 28 new listings in the area and 13 listings went to contract. There were 9 actual settlements as compared to 7 homes sold last August. The total sold dollar volume was up 36.67%. The average number of days on the market was up to 150 from 109 days last August. The average days on the market is 51 days longer than the average for Montgomery County. The average sale price was 84.11% of the average list price. What does this mean? It is still a soft market which favors buyers. The good news is that most of us in the real estate business have noticed an increase in activity and the number of contracts being submitted. It will be interesting to see the September statistics. Interest rates were attractive and have gone lower since the government took over Fannie Mae and Freddie Mac. Buyers have the largest selection and the lowest prices that have been available for several years. The lenders still have a surplus inventory of foreclosures in Montgomery County, but they are also selling fairly quickly as buyers take advantage of the bargains.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
ZIP Code: 20872 Damascus, MD From: 08/01/2008 to 08/31/2008 Statistics generated on: 09/09/2008
| Residential Unit Sales Number of Bedrooms |
Active Listings | Time on Market | |||||||||
| Price Class | 2 Or Less |
3 |
4 or More |
Condo Coop |
Ground Rent |
Residential | Condo Coop |
Ground Rent |
of Units Sold (No. of Units) |
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| Under $100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 -30 Days | 2 | |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 31-60 Days | 0 | |
| $150,000 - 199,999 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 0 | 61 - 90 Days | 3 | |
| $200,000 - 249,999 | 0 | 2 | 0 | 0 | 0 | 10 | 3 | 0 | 91-120 Days | 0 | |
| $250,000 - 299,999 | 0 | 3 | 0 | 0 | 0 | 13 | 0 | 0 | Over 120 Days | 4 | |
| $300,000 - 349,999 | 0 | 1 | 0 | 0 | 0 | 16 | 0 | 0 | Total | 9 | |
| $350,000 - 399,999 | 0 | 0 | 0 | 0 | 0 | 27 | 0 | 0 | |||
| $400,000 - 449,999 | 0 | 0 | 0 | 0 | 0 | 9 | 0 | 0 | Type of Financing of Units Sold (No. of Units) |
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| $450,000 - 499,999 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 | |||
| $500,000 - 599,999 | 0 | 0 | 1 | 0 | 0 | 8 | 0 | 0 | Conventional | 4 | |
| $600,000 - 699,999 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | FHA | 5 | |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | VA | 0 | |
| $800,000 - 899,999 | 0 | 0 | 1 | 0 | 0 | 4 | 0 | 0 | Assumption | 0 | |
| $900,000 - 999,999 | 0 | 0 | 1 | 0 | 0 | 3 | 0 | 0 | Cash | 0 | |
| $1,000,000 - 2,499,999 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | Owner Finance | 0 | |
| $2,500,000 - 4,999,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | All Other | 0 | |
| $5,000,000 & Over | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Unreported | 0 | |
| Totals | 0 | 6 | 3 | 0 | 0 | 111 | 10 | 0 | Total | 9 | |
| Grand Totals | 9 | 121 | |||||||||
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Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
Please contact us with your questions on the residential real estate market.
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GREEN HILLS REO - DAMASCUS, MARYLAND
Bargain hunters make note. September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD, The result of the surge in foreclosures is that the lenders now own an excessive number of properties. The lenders are highly motivated sellers and are reducing the prices until the homes are under contract. Allow us to show you how to successfully purchase a lender owned foreclosure.
Many families are using FHA financing for the low cash requirement and the ability to have the seller assist with closing costs. FHA also offers renovation financing if you wish to purchase a home that needs repairs. Buyers need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for the name of a loan officer if you have not already selected a lender. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com Client Assistance: 301-670-8996.
| 22 NICKELBY CT, DAMASCUS, MD 20872 | |||
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GREEN HILLS - 5 BEDROOMS/3.5 BATHS - $379,900 |
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| Tax Fiscal Year 2008 Estimated property tax and non-tax charges in first full fiscal year of ownership. |
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| TOTAL EST. CHARGES: $4,203 | City Tax: | Tax Year: 2008 | |||||||||||||||||||||||
| State/County Tax: $2,861 | Refuse: 198.42 | Base Tax Rate: 0.74 | |||||||||||||||||||||||
| Special Tax: $1,144 | Homestd/Exempt Status: | Exempt Class: 000 | |||||||||||||||||||||||
| Front Foot Fee: | Tax Class: 42 | Mult Class: | |||||||||||||||||||||||
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