About Laurel's Stone Lake

I was hours away from going to settlement with my buyers on a home in a gated community in Laurel Maryland. The buyers were on the phone with their insurance agent setting-up their insurance on the new home.

The insurance agent asked my buyers if they knew the property had major water damage to it less than two years ago. The cost of repair was $21,000!

Myself and my buyers had no idea this had occured. It was not disclosed to us by the listing agent or the sellers.

When informed of this, I immediately got the listing agent on the phone. She claimed she had not been told by the sellers about the water flooding in the basement. The sellers did explain that a sump pump broke and the basement flooded.

My buyers decided not to buy the property.

My buyers had an awful experience with a flooded basement on a previous home and had no interest in buying a home that had a history of a previous problem. In fact, had they known about this issue, they never would have written a contract on this property.

Sellers need to disclose everything, even if an item was fixed and repaired.

For more information about Maryland real estate visit Maryland home sales.

Laurel, MD SOLD Homes May 2010

Houses SOLD:  110

Average LIST price:  $291.850

Average SELLING price:  $285,069

Average DAYS ON MARKET: 69

LOWEST SALE price:  $83,000 - 3 bedroom, 2.5 bath condo located in Applewalk (Prince George's County) built in 1973 - foreclosure

HIGHEST SALE price:  $668,000 - 4 bedroom, 3 full & 2 half baths single-family home located in Kindler Estates(Howard County), built in 1986

Laurel, MD ACTIVE listings (as of 6/9/10)                  

ACTIVE Houses:  487

Average LIST Price:  $305,734

LOWEST LIST Price:  $58,300 - 3 bedroom,2 bath mobile home (Anne Arundel County), built in 2003

HIGHEST LIST Price:  $1,750,000 - 5 bedroom, 6 baths, single-family home in Stone Lake (Howard County) - built in 2008

Current Average Days on Market:  111

 

Laurel, MD UNDER CONTRACT listings (as of 6/9/10)

UNDER CONTRACT Houses:  277

Average LIST Price:  $273,674

LOWEST LIST Price:  $89,900 - 2 bedrooms, 1 bath single family home  (Prince George's County), built in 1892 - foreclosure

HIGHEST LIST Price:  $785,000 -5 bedroom, 4.5 bath single-family home located in Stonelake (Howard County), built in 2004

Average Days on Market:  76

Laurel, MD is conveniently located between Baltimore and DC.  Laurel, MD is a unique city in that is located in four local counties, Montgomery, Prince Georges, Howard, & Anne Arundel.

 

 

 

Laurel, MD SOLD Homes April 2010

Houses SOLD: 105

Average LIST price: $275,160

Average SELLING price: $269,908

Average DAYS ON MARKET: 67

LOWEST SALE price: $83,000 - 3 bedroom, 1 bath single family home located in Fairlawn (PG County) built in 1951 - foreclosure

HIGHEST SALE price: $570,500 - 4 bedroom, 2.5 bath single-family home located in Phelps Manor (Howard County), built in 1984

Laurel, MD ACTIVE listings (as of 5/20/10)

ACTIVE Houses: 461

Average LIST Price: $308,594

LOWEST LIST Price: $58,300 - 3 bedroom,2 bath mobile home (Anne Arundel County), built in 2003

HIGHEST LIST Price: $1,750,000 - 5 bedroom, 6 baths, single-family home in Stone Lake (Anne Arundel County) - built in 2008

Current Average Days on Market: 116

Laurel, MD UNDER CONTRACT listings (as of 5/20/10)

UNDER CONTRACT Houses: 310

Average LIST Price: $275,924

LOWEST LIST Price: $90,000 - 3 bedrooms, 1.5 baths townhome located in Whiskey Bottom (Howard County), built in 1973 - foreclosure

HIGHEST LIST Price: $785,000 -5 bedroom, 4.5 bath single-family home located in Stonelake (Howard County), built in 2004

Average Days on Market: 75

Laurel, MD is conveniently located between Baltimore and DC. Laurel, MD is a unique city in that is located in four local counties, Montgomery, Prince Georges, Howard, & Anne Arundel.

If you are interested in buying or selling a home in Laurel, MD please give Stacey Baugh a call.

Property Details for listing # HW6931162

Price: $1,500,000 City: LAUREL Bedrooms: 6 Bathrooms: 5 full 1 half Type of Home: Detached Style: Traditional Year Built: 2007 Lot Acreage: 0.262121 Subdivision: STONE LAKE County: HOWARD, MD State, Zip: MD, 20723 Status: ACTIVE

Descriptions

Comments: EXSQUSITE LAKE HOUSE 10,000 square feet PARADISE! PRIME location 15 min's from Washington DC and Baltimore belways! Luxurious open floor plan, soaring 20' ceilings, arches,columns and a PICTURE PERFECT floating staircase with three story attrium. Appointed master suite with Distinct cathederal ceiling, GRAND bath and soothing fireplace! 800k below appraised value. Open house every Saturday 1-3 p.m

Home Interior Features

Amenities: Auto Gar Dr Opn, Drapes/Curtains, Granite Counters, Shades/Blinds, Tub-2 + person, Walk-in Closet(s), Wet Bar/Bar, Wood Floors Appliances: Dishwasher, Disposal, Icemaker, Microwave, Oven-Double, Oven/Range-Gas, Refrigerator Basement: Full, Fully Finished, Walkout Level Kitchen / Dining Info: Breakfast Room, Kit-Breakfast Bar, Kit-Dining Combo, Kit-Island, Kit-Table Space, Sep Dining Rm Other Rooms: 2nd Master BR, Great Room, Recreation Room Disabled Features: 2+ Access Exits, 36"+ wide Halls, 48"+ Halls, Doors-Swing In, Lvl Entry-Main, Vehicle Transfer Area Heating System: Heat Pump(s) Heating Fuel: Natural Gas Cooling System: Heat Pump(s) Cooling Fuel: Electric Water System: Public Hot Water: Electric Parking: Garage, Off Site Parking, Street Room Dimensions Room Dimensions Level Dining Room 26 x 13 Bedroom-Master 26 x 18 Sitting Room 34 x 26 Bedroom-Third 16 x 14 Bedroom-Fourth 15 x 14 Bedroom-Fifth 15 x 14 Kitchen 28 x 19 Recreation Rm 26 x 28 Garage 32 x 22 Foyer 26 x 19 Breakfast Room 14 x 20 Bedroom-Master 2 24 x 26

Home Exterior Features

Construction: Brick and Siding, Cedar Siding, Shake, Shingle, Stone Exterior Features: Balcony, Deck, Patio, Porch-front Community Amenities: Beach, Boat Slip, Gated Community, Jog/walk Path, Pier/Dock, Putting Green, Tennis Courts, Water / Lake Priv Water Oriented Details: STONELAKE Water Access: Yes Waterfront: Yes Water View: Yes

	Your Agent's Information
	Your Agent: LENN HARLEY Phone: 800-711-7988 Office: HOMEFINDERS.COM

	Listing Courtesy Of
	Listing Office: Clark Select Properties, Inc.