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Real Estate Sales Activity Picks Up in Saddlebrooke

In the Gambrills community bordering Odenton, five homes have sold in the last six months.

 

Saddlebrooke has been shaking off the real estate doldrums the past few months, with five homes sold in the community since October 2012. Average home prices in the neighborhood have dropped each of last two years, however, as the regional market for properties valued $500,000 or more remains fairly soft.

Homes Sold in Saddlebrooke

 

2010

2011

2012

2013

No. Homes Sold

5

1

6

2

Foreclosures/Short Sales Sold

1

0

1

1

Avg. List Price of Homes

$607,658

$689,900

$631,450

$584,950

Avg. Sold Price of Homes

$584,100

$640,000

$616,167

$540,000

Avg. Sold/List Price Ratio   

96%

93%

98%

92%

Avg. Days on Market

217

154

109

200

 

While home prices in the community are down, it’s worth noting that two of the most recent Saddlebrooke home sales – 1408 Travers Court and 1334 Bluegrass Way -- were short sales. Interestingly, the two short-sale properties are the only five-bedroom homes to sell in Saddlebrooke since 2010.

The five-bedroom home at 215 Heatherbloom Trail currently is for sale at $689,900.

 

Homes Sold in Saddlebrooke  2012-2013

 

MLS No.

 

Address

Short

Sale?

List

Price

Sold

Price

Closing

Date

 

BR

 

BA

 

FP

 

Gar

Days on

Market

AA7963765

1504 Winfields Ln

No

$579,900

$550,000

1/31/13

4

3.5

1

2

249

AA7789033

1408 Travers Ct

Yes

$590,000

$530,000

1/21/13

5

3.5

1

2

150

AA7919333

1334 Bluegrass Way

Yes

$579,000

$570,000

12/28/12

5

3.5

1

2

8

AA7874182

1529 Winfields Ln

No

$599,900

$599,000

11/28/12

4

3.5

1

2

118

AA7912069

1339 Bluegrass Way

No

$675,000

$643,000

10/4/12

4

3.5

1

2

28

AA7728342

1539 Winfields Ln

No

$599,900

$600,000

7/31/12

4

3.5

1

2

389

AA7768059

211 Heatherbloom Tr

No

$645,000

$635,000

6/18/12

3

2.5

2

2

77

AA7769350

1326 Bluegrass Way

No

$689,900

$650,000

4/18/12

4

4.5

1

2

36

It’s also important to note how long the homes recently sold in Saddlebrooke were on the market. Of the eight properties most recently sold, three sold within a month or so, three were on the market between two and five months and two languished on the market for eight months or more.

Saddlebrooke Homes Currently for Sale

Three of Saddlebrooke’s 122 homes currently are listed for sale. The descriptions below come from the MLS listings for each property.

Homes Currently for Sale in Saddlebrooke

 

MLS No.

 

Address

List

Price

 

BR

 

BA

 

FP

 

Gar

Days on Market

as of 4/10/13

AA8047990

1525 Winfields Lane

$630,000

4

2.5

1

2

4

AA8026997

215 Heatherbloom Trail

$689,900

5

4.5

1

2

31

AA8020439

202 Heatherbloom Trail

$759,000

4

4.5

1

2

40

 

● 1525 Winfields Lane:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2833594X4VTT&p=DE-195961853-737

Well-maintained, with a formal living room, dining room, office, family room & two-story foyer, all on main level. Upgraded kitchen with stainless steel appliances, granite counters & premium cabinets. The four BRs include a master with sitting room & luxury bath. Huge unfinished basement, paver patio & one-year home warranty.

● 215 Heatherbloom Trail:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2833594X4VTT&p=DE-195961813-375

Stafford model with two-story foyer. Includes hardwood floors & gourmet kitchen. Maintenance-free deck with retractable awning & gazebo. Four BRs & four full BAs, plus powder room. Buddy bath on second level. Two-story family room with gallery overlook. Huge master bedroom with deluxe garden bath. Very large rec. room with wet bar. Extensive paver patio & landscaping.

● 202 Heatherbloom Trail:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2833594X4VTT&p=DE-195961733-946

Features a grand two-story foyer, hardwood floors, large formal living room and dining room. Gourmet kitchen with GE Profile/Monogram appliances. Family room with Mendota gas FP. Master bath is newly remodeled with tile and glass. Large walk-in closet. Screened porch off of kitchen. Fully finished lower level with kitchenette. Custom heated saltwater 18,800 gallon pool.

Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his blog (www.JerryKlineRealtor.wordpress.com) or website (www.JerryKline.kwrealty.com).

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