1298 Sleepy Hollow Rd, Severn, MD 21144

Property Description

WE HAVE MULTIPLE OFFERS. ***NO MORE SHOWNINGS**** We will be accepting one of the offers Today. Attention investors ! Huge Potential !  2/3 Bedroom Home with Vaulted ceilings on over 5 ACRES with inground pool in Severn just miles from route Interstate 97, but feels like you are living in the countryside. This house is a great fix and flip or perfect for a contractor needing to park large trucks  or anyone needing space , or privacy.  NO HOA !! Estimates to renovate the home came in at $40k to $60k. The Renovated comparable houses with over 2 acres are selling in the $600k to $700k range.. The (Larger)  house across the street is currently for sale for $1.1 million. **This is cheapest home in all AA county that sits on 2 or more acres and this sits on over 5 acres and it located in upscale Severn MD!** Large 40 ft shipping container on property can stay for storage or the owner will remove it. The house was a "Hoarder" house and needs new kitchen, bathroom, ect. The interior belongings in the house will be cleaned out within the next 2 weeks so showings until then will be limited to the outside of the house and walking the lot.  OWNER FINANICING @ 6.8% ! For those looking to fix and Flip or renovate the home and then obtain permanent mortgage after home is renovated, the owner will hold a 1st mortgage with 20% down @ just 6.8% for 1 year to allow buyer plenty of time to renovate the house and get a new 30 year mortgage on the finished home or flip the renovated property without having to deal with hard money loans or construction loans. House was built in 1988 and  has great bones..  Cathedral / vaulted ceilings in the living room, family room and master bedroom, large crawl space, sliders from master bedroom and family room onto back deck overlooking the woods. Family room could be converted to 3rd bedroom.