MLS® ID: MDAA269322
1615 MIDLAND ROAD
EDGEWATER, Maryland, 21037 $119,000
Ideal for Investor/Flipper. Or for a 203k FHA loan which would give you $35k to improve the house before moving in! (If your lender doesn't know 203k, ask us for a recommendation.) Put your HGTV ideas to work. Expand up or to the large back yard. Great water oriented neighborhood, HOA marina and beach nearby. Close to 50/I97, downtown Annapolis. As of 12/15/2018 Zestimate was $213,348; Homesnap est $189,000. Several recent $350,000+ sales within a couple of blocks. Grab this opportunity now and be ready to sell renovated in May/June.Want to fix up this house for yourself? Easy to do by getting an FHA203K loan -- money for the improvements with only 3.5% down! With a streamlined loan, you can get a loan for the purchase price of the home plus up to $35,000 with no minimum repair cost plus the cost for energy improvements. To determine the as-is value of the property or the estimated value of the property post-repair, you may need to have an appraisal done. You will be required to put down 3.5 percent, but the money can come from a family member, employer or charitable organization. Ask your lender how to do this. Hurry before someone else grabs this.