Peter Boscas

Condo For Sale In Takoma Park, Maryland

Contact Peter Boscas For Additional Information (410) 952-5726

or PeterBoscas@TenacityGroup.com

This is the only 1 bedroom condo for sale still available in Phase 1 of the amazing Takoma Overlook condominium project. This unit had been under contract but the buyer’s financing fell through. The other 1 bedroom units have already been sold. This condo for sale in sought after Takoma Park will not last long.

This condo for sale in Takoma Park Maryland features luxury living at a very affordable price. This stunning condo is more than 900 square feet of luxury living featuring professional grade stainless steel appliances, granite counters, hardwood floors and marble bathrooms.

This condo for sale has been fully renovated with new plumbing, electrical and heating/air conditioning. The flooring, cabinets, windows and sliding glass doors have also been replaced with modern fixtures.

This condo for sale in Takoma Park is just minutes away from access to the Red Line at both the Silver Spring and Takoma Park metro stops. Downtown Washington, DC is also minutes away.

This condo for sale is located on the eighth floor of the newly renovated Takoma Overlook condominium development. From the eighth floor this condo boasts fantastic views of the newly landscaped park area in front of the building.

This Takoma Park condo for sale has the following available amenities:

• Swimming Pool
• Tennis Court
• Picnic Area with Grills and Tables
• Fenced Dog Run
• Front Desk Attendant
• Full Fitness Center
• Designated Parking
• Washer/Dryer in every unit AND commercial size washers/dryers on each floor
• Condo fee includes ALL utilities

This unit is move-in ready. The building has been FHA approved and there is also an alternative loan product available through BB&T, though you can use any lender you prefer. The seller is offering generous closing cost incentives as well.

If you are interested in learning more about this condo for sale or about the real estate purchasing process in general, please feel free to contact Peter Boscas, realtor with Tenacity Real Estate. You can also view more details about this condo for sale at www.Peterboscas.com.

Peter Boscas

Tenacity Real Estate LLC

2008 Hillyer Place, NW

Washington,DC 20009

Office (800) 496-0235 x 1507

Mobile (410) 952-5726

PeterBoscas@TenacityGroup.com

or visit www.TakomaOverlook.com for additional pictures and information.

All information is deemed reliable but not guaranteed. Pictures shown are of various units.

Baltimore realtors and real estate agents should make their clients aware of the tremendous opportunities offered as the 2009 real estate market begins to heat up. As the market changes drastically during the coming months, it is imperative that Baltimore realtors and real estate agents understand and research all available programs, grants credits and other incentives that may be available to their buyers.

There are an incredible amount of incentives for first time home buyers and move up buyers in Baltimore city. A competent realtor will have all of these resources at his or her disposal. He will also work with a team of educated real estate professionals who are able to help buyers achieve these incentives.

For instance, first time home buyers in Baltimore (as well as the rest of the country) may be eligible for the home buyer tax credit implemented with the passage of the economic stimulus bill. This provides an $8,000 refundable tax credit to first time home buyers purchasing a home in 2009. First time home buyers are defined as those who have not owned a property in the last 3 years.

It should be noted there are a few restrictions on this first time home buyer credit. The buyer must purchase the new home prior to December 1^st, 2009. There are also income limitations. Anyone earning $95,000 or less will receive some type of credit, though your income will need to be $75,000 or less to earn the full $8,000. The $8,000 is also dependent on the purchase price. If the home is less than $80,000, the buyer will receive 10% of the purchase price as a tax credit, instead of the full $80,000. Also, this credit must be repaid if the buyer sells the home within 36 months.

In addition to this stimulus tax credit, Baltimore city real estate buyers have additional incentives available. The "Buying Into Baltimore" program, for example, offers a $3,000 forgivable loan to help towards closing costs and down payment. The amount of the loan to be repaid decreases 20% per year for 5 years, after which the loan is completely forgiven. The buyer must also attend a home ownership counseling class prior to submitting a contract on a property. Your realtor or real estate agent can direct you to a home counseling center to obtain your certificate.

Those buyers with generous employment benefits may find that their employer participates in one of the home buying incentives available in Baltimore city. "Live Near Your Work" and "House Keys 4 Employees" are two of the more common programs available, offering 0% deferred loans to employees toward their home purchase. These incentives are offered directly by local Baltimore employers and are matched dollar for dollar with state funds. Your realtor, real estate agent or human resources department can help you determine if your employer participates in one of these programs.

These are just a few of the many incentives available to first time home buyers and move-up buyers in Baltimore city. There are dozens of programs, incentives and grants available.

The combination of the available incentives, the lower home prices and the season presents a fantastic opportunity for first time home buyers in Baltimore to purchase a home at an excellent price. Baltimore realtors, real estate agents and professionals should be poised and educated to help these buyers take full advantage of their opportunities.

Purchasing real estate in Baltimore, Maryland could be a wise investment as the economy and housing markets suffer throughout the country. Baltimore has several beneficial characteristics that make it an attractive place to live and invest.

Baltimore real estate is as diverse as most big cities throughout the United States. There are over 225 distinct neighborhoods throughout the city, each with their own character, charm and style.

Among the most unique and popular neighborhoods are Fells Point, Federal Hill, Butcher’s Hill, Canton and Washington Village. These urban areas are known for their eclectic row homes, tight-knit communities and thriving entertainment and restaurant options.

Also gaining attention from Baltimore residents are Beverly Hills, Arcadia and other Lauraville locations. These neighborhoods are gaining popularity as their business corridors continue to thrive. Residents in these neighborhoods enjoy fantastic dining options and local shops within walking distance.

Baltimore also offers a full complement of “big city” conveniences and entertainment. Besides the exceptional theaters, restaurants and night clubs, the city also boasts professional sporting events such as the Baltimore Ravens, Orioles and Blast games.

While Baltimore real estate offers much in the way of entertainment, community and quality of life, real estate in the area could be a wise investment as well. According to the National Association of Realtors, real estate in Baltimore has kept its value or slowly appreciated in value over the last few years as other areas in the country have suffered from severe property value loss.

One of the many reasons Baltimore has maintained its value is due to expected occupation growth. For instance, Maryland is poised to receive a tremendous amount of population growth and employment opportunities over the next several years as part of the Base Realignment and Closure initiative (also known as BRAC). This program was designed to move thousands of military personnel from the mid-Atlantic region to be in a more centralized area in and around the Baltimore/Washington corridor. As such, Baltimore realtors expect housing demand to trend upwards in the near future.

There has also been a trend over the last few years for residents of other local cities (primarily Washington, DC) to purchase homes and real estate in Baltimore. Similarly appointed homes in Washington, DC could cost twice or even three times as much as their Baltimore counterpart. This provides the opportunity to own a home in Baltimore and commute to work. Whether driving a straight shot on I-95 or taking the convenient rail system, metro Washington, DC is typically less than an hour away.

While Baltimore boasts a number of elegant and well-designed new construction, Baltimore real estate options also include a number of attractive historic homes built in the 1800’s or early 1900’s. About 25 percent of the city’s homes are located in designated historic districts. This allows residents and homeowners the flexibility of several tax abatement and credit programs to help bring modern conveniences and amenities into their aging but charming homes.

Those first time home buyers contemplating a home purchase in Baltimore should consult with a Baltimore realtor or real estate agent. These professionals can provide useful insight into the current state of the market, how the home buying process works and how to prepare a beneficial contract for sale. Hiring a Baltimore realtor can also be beneficial because they will be aware of the various tax credits, grants and other assistance available for first time buyers and move-up buyers.

For more information on Baltimore real estate or Baltimore realtors, feel free to visit our website at www.BaltimoreRealEstateServices.com.