$500,000


4 Beds   2 Baths   2,790 Sq. Ft.   Single-Family

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Sandy Knoll Dr
Olney, MD 20832

Potential Profit

$276,517

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Status: Inactive
Listing ID: 56646385

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Property Information

  • Price: $500,000
  • Bedrooms: 4
  • Bathrooms: 2
  • Full Baths: 2
  • Living Area Size: 2,790
  • Lot Size: 0.32 acres
  • Heating Type: Forced Air
  • Air Conditioning: Central A/C
  • Year Built: 1981
  • Comments: Listing Status: Pending
  • Source ID: MDMC725880
  • Subdivision: CASHELL MANOR
  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CASHELL
  • Junior High School: REDLAND
  • Senior High School: COL. ZADOK MAGRUDER
  • Property Type: Single Family Dwelling

Potential Home Value

This property has untapped potential!

Current Value
$500,000
Potential Value
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Public Records

  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • No. of Stories: 2 STRY W/BSMT
  • Basement Sqft: 570
  • Parking: ATTACHED FRAME GARAGE
  • Parking Sqft: 440
  • Air Conditioning: SPLIT SYSTEM
  • Fireplaces: 2 STORY FRAME
  • Exterior Wall Type: FRAME
  • Heating Type: HOT AIR
  • Roof Material: COMPOSITION SHINGLE
  • Land Area Sqft: 13,961
  • Year Built: 1981
  • APN: HT31-0000-0000-0001-0017
  • Property Type: Single Family Residence
  • Township: 08
  • Living Sqft: 2,790
  • Garage: ATTACHED FRAME
  • Style: CONVENTIONAL
  • Sewer Type: PUBLIC
  • Subdivision: CASHELL MANOR

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Listing History

Start Date End Date Listing Type Bank Name
09/18/20 08/26/21 Fixer Upper

Olney, MD
Home Inspectors

Trademaster Home Inspection Service
Joseph Sagona
301-774-1768
foreclosure.com

Sandy Knoll Dr
Olney, MD 20832

4 Beds   2 Baths   2,790 sq. ft.   Single-Family

$500,000

Status: Inactive Listing ID: 56646385

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Sandy-Knoll-Dr-Olney-MD-20832/56646385_lid

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