This past week, 4 savvy buyers took advantage of the opportunity to snag a deal and closed on a bank-owned property in Bel Air, MD...
Lowest priced of the 4 is 101 J Nichols St. in Hearthstone listed at $189K and sold at $182K
built in 2006, this 2 bedroom, 2 full bath, 1663 sqft, condo was on the market for 30 days before being scooped up on Friday, August 6th. $7000 from the bank helped the buyer close on this one.
Highest priced is 1306 Willow Chase Dr in Willow Chase listed at $749K and sold at $710.5K
with 4 bedrooms, 4.5 baths, and 5812 sq ft of living space, this one settled on Friday as well. Additionally, the bank contributed $2000 towards the buyer's closing costs after 52 days on the market.
BTW, I submitted an offer on this last one on behalf of one of my BRAC buyers. Alas, it wasn't meant for my buyer to have; we didn't get it and I'm very surprised it went for as much as it did...
It's true, you can find some kewl deals in Bel Air. I'm a real estate agent in Bel Air (it says so on my business card) and I can help you navigate the sometimes rocky course of distressed properties in and around town. Call me.
Lanette in Bel Air