THIS IS A SHORT SALE. If it's been a while since you've come across one, or you're seeing this term for the first time, here's what it means: the sale price is less than what is owed on the mortgage and the closing costs of the sale, so the Seller's lender must approve the transaction in addition to the Seller. This adds an approval step to the process and can extend the closing timeline. In other words, it means an additional party must sign off on the terms.
THE APPROVAL PROCESS WORKS BACKWARDS FROM A TYPICAL SALE. The listing price is not necessarily the price the bank will approve. In a short sale, the lender only reviews the short sale request once an offer is received, so there is a chance they could ask for more money after an offer is submitted. Buyers should understand this before offering.
THIRD PARTY APPROVAL REQUIRED. All offers are subject to third-party mortgage company approval and Seller's acceptance of those approval terms. Ask your agent for the attached disclosures, which must be signed and submitted with all offers.
AS IS, WHERE IS. This property is offered as is, where is, with all faults, and with no warranties expressed or implied. Seller will make no repairs and will not pay any contractor on Buyer's behalf, including repairs required by an appraiser, lender, or loan program. All systems, appliances, and structures convey in current condition. Home inspections and inspection reports posted in Bright MLS are for informational purposes only; those reports were prepared for a prior transaction and are not a representation of current condition. Seller will consider price adjustments or credits, but will not complete repairs. Buyer may be responsible for any lender-required repairs. Offers must be submitted with two separate Maryland state documents: the As Is Addendum and the Short Sale Addendum.
PROPERTY DETAILS:
Theater room, custom wet bar, two stone fireplaces, and nearly an acre of wooded privacy. Now offered at only $750,000!
Welcome to Woodholme in The Village of Elk Neck! Set on a landscaped lot with mature trees, this stone-front colonial combines curb appeal with expansive living space and entertaining amenities.
The main level offers formal living and dining rooms, plus a main-floor office. The two-story family room features expansive windows and a floor-to-ceiling stone fireplace, open to the kitchen and breakfast area. The kitchen offers granite countertops, stainless steel and built-in appliances, a center island with seating, and a breakfast area overlooking the rear yard.
Upstairs, the owner's suite is a spacious retreat with a sitting area, walk-in closet, and bath with dual vanities, soaking tub, and separate shower. Additional bedrooms offer comfortable accommodations for family or guests.
The finished walk-out lower level is a standout: a dedicated theater room with tiered seating and a projector, recreation areas anchored by a second stone fireplace, and a custom wet bar with granite countertops, cherry cabinetry, a built-in sink, microwave drawer, and beverage refrigerator, ideal for hosting guests and game days.
Outdoors, an elevated rear deck overlooks the wooded backyard, and a rear patio off the walk-out level creates seamless indoor-outdoor flow. Additional highlights include an oversized garage with custom storage, an owned propane tank, a hardwired security system, and an exterior sprinkler system. The home is served by a private well and a septic system approved for four bedrooms.
Conveniently located near shopping, dining, marinas, and local amenities. HOA is approximately $500 annually, managed by Aspen Property Management.