Crofton, MD Real Estate News

By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton is a wonderful community situated in Anne Arundel County, Maryland. Crofton is not known for having many distressed sales, such as foreclosed properties or short sales. That being said, current economic conditions are showing that Crofton is not immune either. Properties that have completed the foreclosure process are put back into a bank inventory and listed with a real estate brokerage for sale. You can view all six active Crofton MD bank owned properties here. If you're looking to purchase a home in Crofton, MD or anywhere in the surrounding area, I can help. Richard Iarossi, REALTOR® Long and Foster® Real Estate, Inc. Crofton, MD 21114 410-451-6255 Office 443-995-9595 Cell Web: http://www.RichSellsHomes.com eMail: Rich@RichSellsHomes.com Annapolis MD Real Estate Specialist B...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Real Estate Sales since April 15 in the “Greater Crofton Area” – i.e., Crofton, Davidsonville, Gambrills & Odenton – seem to indicate that the tax credit has brought home buyers out of the woodwork.  And it wasn’t just the first-time buyers who were home-shopping.  Homes listed from $167,900 – $799,900 found new prospective owners between April 15 and April 25: Crofton: 13 homes went under contract, including 8 contingencies and 5 firm contracts.  6 are detached homes, 1 is a condo, and the remaining 6 are townhomes.  List prices ranged from $199,800 to $624,900.  Still on the market are 154 other homes for buyers to snap up before today is over. Davidsonville: 2 detached homes went under contract in Davidsonville; one is contingent and the other is a firm contract.  List prices were $3...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
During March, 2010 FHA loan type was the most used to purchase a Crofton, MD home. This type of loan is used frequently because of the lower down payment required. FHA loans currently require the buyer to put down 3.5% on their home purchase. Following the increasingly popular FHA loan was the standard conventional loan. This is a scenario we've seen frequently in the Crofton, MD real estate market. With our proximity to Ft. Meade, Crofton, MD home buyers do frequently use VA loan types as well. Three of the homes purchased in March, 2010 used a VA loan. A couple of loans were assumed and one Crofton, MD home buyer paid cash. Finding the right financing to purchase your Crofton, MD home is critical. I can recommend an excellent loan officer, who is local to the area. Crofton, MD has an ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
The Crofton, MD real estate market did well in all categories when comparing March 2010 to the same period in 2009. Total units sold in 2010 were 24, compared to 25 in March of 2009. This is about average for Crofton, MD, where a little over one home goes to settlement every business day. Lately, we've seen huge increases, that can only be attributed to aberrations. Most agents knew that 150% gains year over year were not normal for the Crofton, MD market. Sales for March 2010 were $8,519,302, an increase of 11.36% from 2009. The average sold price showed a healthy increase of 16% and for March of 2010 stood at $354,971. The median sold price also had a very significant increase to $312,450, 25% higher than 2009. In March of 2010, a Crofton, MD home for sale could expect to be on the ma...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton MD Real Estate, 21114 - Status for Week Ending 04/10/10 The current Active inventory for Crofton, MD homes is 164. 17 of these are rentals and 147 are homes for sale. As you can see from the chart below, twenty one new listings came on the market in Crofton MD last week. That is a huge number of new listings for Crofton, MD in one week. Three of these new listings was below $250,000, a decent price range for first time home buyers in Crofton, MD. The largest of the new listings was a 6 br, 3 full bath house in the Crofton Park section listed for $579,000. Five new rental listings came on the market this past week. The current rental market is very robust and competitive in Crofton, MD. Nineteen properties moved into a form of Contract status. Twelve of these properties moved int...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Tickets are nearly sold out for Plant It Pink, the fashion show and high tea to be held at Crofton Country Club on Sunday, May 2. The event, presented by Crofton Village Garden Club, will benefit Susan G Komen for the Cure and Crofton beautification projects such as the garden planted two years ago on Crofton Parkway near the entrance to the community and the recently-approved planting next fall of daffodil bulbs at the Crofton Library. You'll be treated to fashions from Nordstrom, Coldwater Creek, Ahni, the club's Golf Shop, Lands End and Kohl's, modeled by club members and a few local celebrities. Other club members are working hard to prepare for the event, as well, including co-chairs Patricia Stevenson and Marcia Richard, Bernie Robertson (Decorations), and Margaret Woda (Programs ...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
When you're looking for something to do in Crofton MD… Take the family to Swann Park, located off Crofton Parkway at Swinburne Avenue in Old Crofton.  Let the kids play on the equipment, toss pebbles into the pond and watch them skip across the water, critique (or cheer) golfers on the adjacent 12th hole of Crofton Country Club, or take photos of the scenic red barn across the 13th fairway. Swann Park is a nice walk from most homes in “Old Crofton” and there’s plenty of adjacent parking for anyone coming from nearby communities.    If you live in Crofton Meadows, take a stroll along the banks of a large pond in the center of the community or join your neighbors for some sandlot baseball at the community field.  Scattered throughout the area, you’ll find tot lots and even tennis courts ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
The Crofton, MD that we see today began as a planned community in the mid-1960's. The two main builders were Crawford and Levitt. Over the years, Crofton, MD has expanded well beyond the original borders of Rt. 424, Rt. 450 and Rt. 3. Within the confines of those roads people are still considered to be living in Crofton Triangle. As you can well imagine, and thanks to Google Maps, we see that it actually does resemble a triangle. Olde Crofton has wide, tree lined streets with many different styles of homes. Along the way, you'll also see a couple of townhouse sub-divisions, condos and rental apartments. Single family homes dominate the real estate market within Crofton Triangle. Today, homes within Crofton Triangle are in a special tax district, and are part of the Crofton Community Ass...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
There are a lot of gyms in the country that boast a large membership. You would never know it by going inside though. Gold's Gym, located at 1625 Crofton Centre, Crofton, MD, not only has a large membership, but they use the gym...a lot. Whether its before the rush hour, or after work, the parking lot is crowded with the cars of dedicated exercisers. Gold's Gym is the place to socialize...and sweat. Whether its aerobics, or weight training, Gold's Gym has all the equipment to meet your training needs. Not many newer residents know it, but the location of Gold's Gym used to be the only movie theatre in Crofton, MD many years ago. Gold's bought the one screen theatre and after extensive renovations, opened the only workout center that is actually in Crofton, MD. Other gyms in the area inc...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton, MD has many homes for sale in several diverse communities. Whether you like traditional or modern, classic or newer, large lot no lot, Crofton has it all. Tucked inside the Walden Golf Course and right next to the Walden Pool, is the Fairways sub-division. If you're not familiar with the section you wouldn't even know it was there. Only two streets and 53 homes can be found at Fairways. The homes were built in the early to mid 90s, and are all single family models. Many of the homes in Fairways have a pretty unique design. One of the models has living on 4 levels. Family room in the lower level, LR, DR and kitchen on the main level, with bedrooms on the two upper levels.  Large, single family houses, at reasonable prices, can be found at Fairways. The lots are not large in this...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
  One of the charming aspects of living in Crofton, MD is the number of people out and about every day getting their daily dose of sunshine, comraderie, and exercise. Most of it isn't fancy, or costly, and the best place to go is Crofton Parkway. Inside Olde Crofton you will find one of the main thoroughfares, Crofton Parkway. This wide street circles the community through many different sub-divisions. It also circles the Crofton Golf Course and Country Club. This is a 7,000 yard Palmer managed course that has been the centerpiece of Crofton, MD for many years. Crofton Parkway is the destination point for joggers, walkers, pets, bikers, baby strollers and any other kind of exercise you can think of. There are plenty of reasons for Crofton MD residents to favor Crofton Parkway. Crofton P...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
You're going to love Crofton, MD and the diversity of housing available for both, first time home buyers, and move up purchasers. Crofton, MD is a destination point for buyers relocating into the area. Crofton's location couldn't be better. Situated halfway between Washington, DC, and Baltimore; and only ten minutes from the water oriented activities of Annapolis and the Chesapeake Bay. Crofton homes are some of the most sought after in the area. Crofton Commons is one of the townhouse communities located inside the "Crofton Triangle." The "Crofton Triangle" is that area bounded by Rt. 3, Rt. 424, and Rt. 450. The growth of Crofton over the years has spread well beyond the original Crofton Triangle boundaries. Crofton Commons comprises a sub-division of 92 townhouses, build in the mid-1...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Short sales are becoming a more frequent occurrence in Crofton, MD. A short sale is a situation where the seller finds themselves in a position that they owe more money on the property than it would likely generate in a sale. Additionally, they are unable, or unwilling to bring money to settlement to pay the loan off in full. Crofton currently has sixteen Active properties in the MLS that are tagged as SHORT SALES. All these properties can be viewed on this link. View Larger Map Short sales are not for every buyer. If you have a time constraint and need to get into a home quickly, the bank may not respond in time to meet your needs. If you're interested in seeing any Crofton, MD short sale, or any listing in Crofton, MD, I can help. Richard Iarossi, REALTOR® Long and Foster® Real Estate...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton MD Foreclosures by Category View Larger Map Although Crofton, MD is not a hotbed of foreclosure activity, they do occur. As you can see from the table below, there are only four Active foreclosures in Crofton, MD today. You can view these four foreclosures by clicking the link here. Foreclosures, or Bank Owned Properties, do not generally encounter the same problems that buyers have with Short Sales. Making an offer on a Bank Owned Property usually gets a quick response. Foreclosure Categories Bank Owned 4 Preforeclosure 26 Auction 18 If you're interested in seeing any Crofton, MD foreclosure, or any listing in Crofton, MD, I can help. Richard Iarossi, REALTOR® Long and Foster® Real Estate, Inc. Crofton, MD 21114 410-451-6255 Office 443-995-9595 Cell Web: http://www.RichSellsHom...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton MD Real Estate, 21114 - Status for Week Ending 04/03/10 View Larger Map The current Active inventory for Crofton, MD homes is 141. 13 of these are rentals and 128 are homes for sale. As you can see from the chart below, nineteen new listings came on the market in Crofton MD last week. This number of new listings is a pretty good indication that the active Spring market is here. Only two of these new listings was below $250,000, a decent price range for first time home buyers in Crofton, MD. The largest of the new listings was a 4 br, 3.5 bath house in the Willows of Crofton section listed for $569,900. Two new rental listings came on the market this past week. The current rental market is very robust and competitive in Crofton, MD. Fifteen properties moved into a form of Contrac...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton MD Real Estate, 21114 - Status for Week Ending 03/27/10 The current Active inventory for Crofton, MD homes is 134. 13 of these are rentals and 121 are homes for sale. As you can see from the chart below, ten new listings came on the market in Crofton MD last week. Only one of these new listings was below $250,000, a decent price range for first time home buyers in Crofton, MD. The largest of the new listings was a 5 br, 3.5 bath house in the Crofton Chase section listed for $524,999. Two new rental listings came on the market this past week. The current rental market is very robust and competitive in Crofton, MD. Fifteen properties moved into a form of Contract status. Eight of these properties moved into full contract status. This is a future indicator of settlements to come in...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton Woods is a wonderful sub-division located within the Crofton Triangle. While most of the homes in the Crofton Triangle were built in the late 1960's to early 1970's, Crofton Woods homes were built in the mid 1990's. Not only do home owners in Crofton Woods have the advantage of being in the triangle, they also enjoy the benefits of newer homes. The special tax district of Crofton, MD, enjoys one of the best locations in Maryland. Crofton is located in between the two largest employment markets in the area, Baltimore about 30 minutes to the North, and Washington, DC, about 30 minutes to the South. Crofton is also about 15 minutes from Annapolis and the varied leisure activities of the Cheasapeake Bay. Ft. Meade, one of the largest employers in the State, and projected to grow by ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
If you're moving to Crofton, MD and are looking for a no maintenance home, you would do well to consider the "Tiers of Walden." Crofton has a variety of housing to choose from, including single family, townhouses and condos. One of the most unique condo buildings in Crofton are located at "The Tiers of Walden." We're all familiar with the "condo style" building. Multiple floors, possibly elevators, and the actual units looking more like apartments than anything else. Absolutely wonderful type of ownership if that's the style you prefer. On the weekend there is nothing you need to do on the outside of the property. Nothing. It's all taken care of by the condo association who hires professionals to maintain the unit. In Crofton, MD, there are several styles of condo buildings: The "tradit...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton MD Real Estate - Status for Week Ending 03/20/10 The current inventory for Crofton, MD homes is 141. 19 of these are rentals and 122 are homes for sale. As you can see from the chart below, ten new listings came on the market in Crofton MD last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. Two of the new listings were priced below $250,000, a nice price range for first time home buyers for Crofton, MD. The largest of the new listings was a 4 br, 2.5 bath house in the Crofton Woods section listed for $639,900. You can view this home here. Three new rental listings came on the market this past week. The current rental market is very robust and competitive in Crofton, MD. Fourteen properties moved into a form of Contr...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Build a better dry cleaners and people will come. Dry cleaning is dry cleaning, right? Sure, but the business model that Zips Dry Cleaners uses is different than competing dry cleaners in the Crofton, MD area. I believe its one of the things that is contributing to their success. Zips Dry Cleaners is located in the Princess Shopping Center, 2510 Conway Road, Gambrills, MD 21054, just over the Crofton border. What makes Zips Dry Cleaners different? They accept only one form of payment, and its up front. Cash is king at Zips. They even have an ATM machine in the lobby if you need cash. When you bring your laundry or dry cleaning in, you pay up front. Since they only accept cash, they don't have to worry about paying a certain percentage to a credit card company. No returned checks either....
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