Piney Orchard real estate

Sold by Jerry Kline in Piney Orchard!

When a growing family and lack of space led Josh & Mallory to search for a bigger home, the young homeowners contacted Jerry Kline to get their Piney Orchard townhome sold fast. In two weeks the deal was done, and 2523 Black Oak Way in Piney Orchard’s Piney Station subdivision had new owners.

What really drew potential buyers to the home was Mallory’s personal touch for staging and decorating the property.

The living room of 2523 Black Oak Way in the Odenton, Maryland, community of Piney Orchard. Jerry Kline, realtor with Keller Williams Flagship of Maryland, recently listed and sold the home for $351,000.

The living room of 2523 Black Oak Way in the Odenton, Maryland, community of Piney Orchard. Jerry Kline, realtor with Keller Williams Flagship of Maryland, recently listed and sold the home for $351,000.

The home featured great lighting, updated materials and soothing colors to help create a feeling of warmth and comfort.

The beautiful sun room of 2523 Black Oak Way in the Piney Orchard section of Odenton, Maryland. The home was recently listed and sold by Jerry Kline, realtor, Keller Williams Flagship of Maryland.

The beautiful sun room of 2523 Black Oak Way in the Piney Orchard section of Odenton, Maryland. The home was recently listed and sold by Jerry Kline, realtor, Keller Williams Flagship of Maryland.

Thanks, Josh & Mallory for choosing Jerry Kline as your listing agent!

Do you know someone looking to buy or sell a home in the greater Baltimore/Annapolis/Washington, D.C. area? Call Jerry Kline (443-924-7418) with Keller Williams Flagship of Maryland today!

Odenton’s Supply of Homes for Sale is Critically Low

Odenton homes for sale
Odenton homes for sale

A Strong Market for Odenton Home Sellers Pushed Prices Up More than 10 Percent Last Month

The average price of a home sold in Odenton last month rose more than 10 percent from the same time a year ago, according to new market data released by RealEstate Business Intelligence (RBI).

The increase in home prices stems in large part from an acute shortage of for-sale housing in Odenton, as the number of available homes for sale there dropped 37 percent from last year.

The shortage of available homes for sale was particularly notable in Odenton’s popular Piney Orchard community. The number of homes actively listed for sale in Piney Orchard (20) dropped 47 percent in February over the same time in 2016.

In Odenton’s Seven Oaks community, the number of available homes for sale in February (19) held steady from the previous year.

The “months of supply” of available homes for sale in Odenton remains critically low at 1.5 months, indicating an extremely strong market for home sellers. Anecdotal evidence shared by local realtors supports this data, with very active buyer-showing and open-house activity and multiple-bid scenarios involving many available Odenton properties.

Specifically, 24 townhomes, duplexes and condominiums sold in Odenton last month for an average price ($291,846) that was 10.29 percent higher than in the previous February. Six single-family detached homes sold in Odenton last month for an average price ($414,983) that was 10.21 percent higher than last year.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).

Piney Orchard Townhouse Under Contract!

Piney Orchard Homes
Piney Orchard Homes

Congratulations, Caroline, on your accepted purchase offer for 8740 Bright Meadow Court in the Piney Orchard section of Odenton, Maryland!  It's a lovely, renovated townhome in an excellent location. We'll have you moved in before St. Patrick's Day!

For Rent in Piney Orchard -- 2474 Ivy Landing Way -- $2,000/mo.

Piney Orchard homes for rent
Piney Orchard homes for rent

Just listed for rent in the Piney Orchard section of Odenton, Maryland, is this 3-bedroom, 2.5-bathroom townhome at 2474 Ivy Landing Way. The property, renting for $2,000 per month, is located just across the street from a large park, and is five minute's drive from Fort Meade, Maryland.

The townhome has 3 finished levels with large bump-out areas on 2 levels for extra space.

for rent in Piney Orchard
for rent in Piney Orchard

There's a bright and airy sunroom off the kitchen and a finished basement with family room. The master bedroom has a walk-in closet and full bath.

for rent in Piney Orchard
for rent in Piney Orchard

A very large deck on the rear of the home offers great outside space for entertaining.

for rent in Piney Orchard
for rent in Piney Orchard

The house is super clean and comes with 2 assigned parking spaces.

Piney Orchard offers tons of community amenities, including indoor and outdoor pools, tennis and basketball courts, running trails, a gym, a community center, and much more.

Call me today (443-924-7418) for more details!

Piney Orchard Condo - Just Listed & Under Contract!

Piney Orchard Condo
Piney Orchard Condo

Sold in Two Days, This Penthouse Unit Features 15-Foot Ceilings and a Wide-Open Floorplan

Brothers Chuck & John decided it was time to liquidate their Piney Orchard investment property after renting it for many years. The bright and airy, spotless condo drew lots of buyer interest and sold in two days.

The unit features soaring, 15-ft. cathedral ceilings, two master suites, neutral carpet & paint, a huge kitchen and tons of storage. The condo is located in an elevator building in a quiet, gated community, five minutes from Ft. Meade.

Thanks, Chuck & John, for hiring me to sell your property!

Do you know someone who needs to sell their home in the greater Baltimore/Annapolis/Washington, D.C. area? Have them call me today at (443) 924-7418!

Piney Station Real Estate Update - 2620 Barred Owl Way

Piney Orchard homes for sale

Piney Orchard homes for sale

Piney Station is One of 41 Subcommunities Comprising Piney Orchard in Odenton, Maryland

Another steep price drop for 2620 Barred Owl Way in the Piney Orchard section of Odenton, Maryland, shows the dangers of overpricing your property.

The home was first listed for sale at $365,000, then the price was lowered to $345,000 a few weeks ago. It's now been reduced to $319,900. The home has been on the market for 72 days.

It's an REO property, meaning the home has just been through the foreclosure process. But for an REO, it's in terrific condition. Brand new neutral paint and carpet throughout. Upgraded cabinets & granite counters. 3-level bumpout. Superbath with separate tub and shower. Large deck with walk-out basement and a paver patio. 3 bedrooms, 3.5 baths.

Fannie Mae, which owns the property, requires that the buyers pay 100 percent of the state transfer and recordation charges on the transaction. See the full listing with all the photos here: http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=4021770XPX7X&p=DE-340785888-659#1

Piney Orchard Profile: Piney Station

Piney Station is One of the Largest of 41 Subcommunities Comprising the Odenton, Maryland, Community of Piney Orchard Piney Orchard homes

With 218 homes, Piney Station is one of the largest communities in Piney Orchard -- and one of the most active in terms of real estate transactions.

Of the 218 homes in Piney Station, 37 have sold since the beginning of 2013 and 30 homes have rented. Eleven more homes in Piney Station were listed for sale or rent during that time, only to be subsequently pulled from the market after not finding a renter/buyer. Properties that go unsold or unrented illustrate the importance of pricing homes correctly once a decision has been made to sell or rent.

As shown in the tables below, Piney Station’s real estate activity has varied widely by street.

Piney Orchard homes

For instance, Black Oak Way (10) and Barred Owl Way (8) have led the community in sales the last three years, even though Deerberry Court has more homes. Barred Owl Way (9) and Meandering Way (7) have led the community in the number of rented homes. And Barred Owl way has had five homes fail to sell or rent (at least at their original list price), the most in the community.

It’s interesting that Deerberry Court has more homes than any other street yet ranked fourth out of 8 streets in terms of real estate activity (with 6 total transactions). Residents there seem to want to stay! From a real estate perspective, things have been more quiet on High Brandy Way, Piney Pass Way and Junco Court, although these results may be partially due to the fact there are fewer homes on those streets.

The good news is that, after being walloped by the real estate meltdown of 2008, the number of distressed property sales (short sales and foreclosures) in Piney Station has dropped dramatically over the last three years. In fact, only three of the 37 homes sold during that time were distressed properties.

A few other interesting notes about recent Piney Station real estate activity:

* the highest sale price fetched by a Piney Station home during the period was $399,999 for 2550 Junco Court in June 2014;

* the lowest price paid for a Piney Station home was $290,000 for 2519 Black Oak Way in July 2015;

* the highest amount of closing cost help (“subsidy”) paid by a Piney Station home seller was $11,600 for 2512 Black Oak Way in April 2014; and

* 8 of the 37 Piney Station owners who have sold their homes since the beginning of 2013 paid the buyers no closing cost assistance at all.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).

 

5 Odenton Single-Family Rentals Available Right Now

Need the space and privacy of a single family home, but not in the market to buy? Check out these five single family rental homes currently available right here in Odenton:  

1246A Breitwert Avenue (Bonaventure)

Homes for rent in Odenton

Monthly Rent: $2,000

No. Bedrooms: 3

No. Bathrooms: 2.5

Garage: No

Basement: Yes

Approximate Square Feet: 1,681

 

510 Oakton Road (Bonaventure)

Homes for rent in Odenton

Monthly Rent: $2,300

No. Bedrooms: 4

No. Bathrooms: 3

Garage: No

Basement: Yes

Approximate Square Feet: 1,280

 

2404 Almhouse Drive (Seven Oaks)

Homes for rent in Odenton

Monthly Rent: $2,750

No. Bedrooms: 4

No. Bathrooms: 3 Full, 2 Half

Garage: 1 car

Basement: Yes

Approximate Square Feet: 2,192

 

8502 Summershade Drive (Piney Orchard)

Homes for rent in Odenton

Monthly Rent: $3,500

No. Bedrooms: 5

No. Bathrooms: 3.5

Garage: 2 cars

Basement: Yes

Approximate Square Feet: 3,390

 

700 Thornwood Drive (Piney Orchard)

Homes for rent in Odenton

Monthly Rent: $3,500

No. Bedrooms: 5

No. Bathrooms: 3.5

Garage: 2 cars

Basement: Yes

Approximate Square Feet: 3,424

 

 

For more information on these rental properties, click here:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=4021770XPX7X&p=DE-323776375-453

 

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).

Piney Orchard Townhomes: Are End Units Worth More?

Piney Orchard homes Yes. $5,499 more, on average.

Since the beginning of 2015, 120 townhomes have sold in the Piney Orchard section of Odenton, Maryland. According to Metropolitan Regional Information Systems (MRIS), the local multiple listing service, 88 of those homes were “interior” units, and 32 were “end” units.

The average sale price of the interior townhomes sold in Piney Orchard during that time was $330,864. The average Piney Orchard end-unit townhome sold for $336,363. That’s a difference of $5,499.

Why would that be?

Many buyers prefer end units to interior units when purchasing a townhome. Among the reasons:

- end units offer more privacy and serenity, because they have only one adjacent neighbor;

- end units often have larger interiors in terms of total square feet;

- with windows on three sides, end units usually allow more natural light inside;

- with a yard on three sides, they offer more outside space to spread out; and

- they sometimes offer more architectural interest, inside and out.

 

Garages usually increase a home’s value. But curiously, the $5,499 premium buyers have paid for Piney Orchard end units since the beginning of 2015 is not because a greater proportion of the end units had garages.

In fact, the opposite is true: 31 percent of the interior townhomes purchased in Piney Orchard since the beginning of 2015 offered a garage, while only 19 percent of end-unit townhomes did.

The simple fact is that if you want to buy an end-unit townhome in Piney Orchard, expect to pay about $5,000 more for it than you would for an interior townhome. Sales data since the beginning of 2015 shows that the added benefits of owning an end unit make them worth more.

 

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).

Piney Orchard Home Sales Rocket Into Spring

Piney Orchard home sales

Piney Orchard home sales

Sales Last Month Up 83 Percent Over March 2015; Median Price Up 6.3 Percent

Home sales in the Odenton, Maryland, community of Piney Orchard in March soared 83 percent over the same period a year ago, leading a very strong spring housing market in the greater Fort Meade, Maryland, area.

Numbers released by RealEstate Business Intelligence (RBI) show that the median price of homes sold in Piney Orchard last month jumped 6.3 percent (from $287,000 to $305,000) from March 2015. Twenty two homes sold in Piney Orchard last month, compared to 12 homes sold in March 2015.

- 12 three-bedroom townhomes sold for an average price of $339,869;

- 1 four-bedroom townhome sold for $380,000;

- 1 detached, single family home sold for $470,000; and

- 8 condominiums sold for an average price of $238,800.

Given the close proximity of Fort Meade to Piney Orchard and the large number of local homebuyers who are retired and active-duty military personnel, it’s interesting to note that only two of the 22 Piney Orchard homes sold last month were purchased by buyers using VA mortgage financing. Also surprising is that none of the Piney Orchard homebuyers last month used FHA financing – a very popular mortgage option in most places.

Sixteen of the 22 Piney Orchard homes sold last month were purchased using conventional financing, one was bought using cash, and three other homes were purchased using other forms of financing.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).