1224 Holmewood Drive, Pasadena, Maryland, 21122
Welcome to 1224 Holmewood Drive in Pasadena, Maryland - a unique opportunity for those with vision and ambition! This expansive multi-level home, nestled on a sprawling 1.46-acre lot, is ready to be transformed into your dream haven. Sold As-IS, this property offers endless potential.
Nestled amongst nature, the land boasts a harmonious blend of wooded areas and open spaces, providing a serene and private environment. Tucked away on a tranquil private lane off Holmewood Drive, this location offers both convenience and seclusion.
The main level of the home presents a spacious eat-in kitchen, perfect for culinary creativity, along with a separate dining area for more formal gatherings. A den and a living room complete this level, offering versatile spaces for relaxation and entertainment.
A remarkable feature of this home is the atrium at the back, a true retreat featuring a generously sized living area, an indoor pool for year-round enjoyment, and an additional lower living space equipped with a bathroom and shower. The possibilities for this space are endless – create a stunning entertainment area, a relaxation oasis, or a fitness haven.
Venturing to the lower level, you'll find a vast basement awaiting your transformative touch. Currently featuring a bedroom, kitchen, living area, and full bath, this space comes with its own entrance from both the garage and the rear of the house. While this area requires a full renovation, envision the potential it holds – a remarkable rental income opportunity once restored to its full potential.
But that's not all – this property includes a detached 3-car garage with a 3-bedroom apartment that is truly a gem. Complete with a kitchen, bath, and laundry facilities, this apartment offers an excellent rental income stream or a versatile in-law suite option.
It's important to highlight that the entire home is in need of a major renovation. Bring your imagination, your creativity, and your dedication to make this property shine again. The canvas is vast, the potential is inspiring, and the opportunity is yours. Don't miss the chance to create a masterpiece at 1224 Holmewood Drive. Seize this rare moment and make it your own! Contact us today to schedule a showing and embark on a journey of transformation.
The list price is the opening bid for an Online auction. Pre-Auction Offers are strongly encouraged. All pre-auction offers will be considered until 09/21/2023 at 8:00 pm. Any bids received after this deadline will need to be placed during the live auction. For participation in the auction, bidders are required to complete pre-registration on the auction site.
The auction Terms and Conditions, Broker Participation Form, and all relevant auction documents will be accessible on the MLS and auction website upon registration. The Broker/Buyer Participations form must be in writing, signed, and delivered to auctions@revolhomes.com prior to placing a bid on behalf the Client.
Bidder(s) must be approved for financing prior to registration and placing a bid. In order to submit a bid, it is necessary to provide either a pre-qualification letter for financing or verification of funds for cash offers. Bidder will only be able to bid up to the financial approval or verified cash amounts.
Offers are submitted in realtime. Sellers reserve the right to accept, negotiate or reject any offer or bids– at their sole discretion. If the highest bid from the buyer is accepted, it establishes a legally binding agreement among all parties.
A 5% Buyers Premium is added to the final Bid/Hammer Price. Pre-Auction Offers must include the buyers premium. If the buyers premium is added into the purchase price then commissions will only be based off the winning bid/hammer price.
The live auction set set to commence on 09/22/2023 at 8:00 am and will conclude on 09/25/2023 at 6:00 pm. Bidding Auto Extend – Our auction platform prevents Last Second Bidding by Automatically Extending the Bidding Time. Should a bidder submit a bid during the final 3 minutes of the bidding period, the system will extend the auction time by an additional 5 minutes automatically. This extension aims to provide other bidders with a chance to participate and respond to the new bid.
The successful bidder will receive notification by email. Once notified as the winning bidder, the bidder is required to sign Maryland Residential Contract Sale, along with all applicable State and Local Addenda/Disclosures, within 4 hours of the seller's acceptance of the winning bid. Failure to submit the contract promptly may lead the listing agent and seller to consider and potentially accept other bids/offers.
The winner bidder is required to tender a 5% Earnest Money Deposit within 24 hours of contract acceptance, per the terms set in the Terms and Conditions Addendum.The Earnest Money Deposit can be delivered to the Listing Brokers Office (980 Mercantile Drive, Suite L, Hanover, MD 21076) or sent via ACH transfer. Upon request, the Listing Broker can send the winner bidder a secure link to send the deposit via ACH to be held in escrow. An ACH transfer will be subject to an additional fee of $12 service fee. Failure to submit either the deposit or the contract within the specified timeframe will result in the termination of the bid.
No bid is considered accepted until all parties have signed the contract of sale.
Working with a licensed Real Estate Agent is not required but recommended. If an agent is representing a Bidder(s), The Broker/Buyer Participations - Buyer Registrations form must be in writing, signed, and uploaded with any bid on behalf the Client.
| Buyer | Phone | ||
| Buyer Email | Date |
| User | Offer Amount | Status | Message | Date |
|---|---|---|---|---|
First Round Winning Bid Amount $40,000
Second Round Winning Bid Amount $40,000
