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July 2017

Canter Creek New Home Construction in Upper Marlboro, MD

Here's a skeleton and final product of homes being built at the 342 acre new development Canter Creek in Upper Marlboro, MD.  It's located off Frank Tippett Rd. near Rosaryville Rd.   After reviewing their site plan, it appears only 100 homes are to be built in Phase I, along with a sprawling community park and Equestrian trail for you horse lovers. Builders include Ryan Homes and Mid-Atlantic Builders.  Homes are starting from the low $400,000s. 

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Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Video Drive Through of the new Westphalia Town Center, Upper Marlboro, MD

Take a look at construction progress as I drove through the new Westphalia Towncenter in Upper Marlboro, MD.  You'll notice several styles of townhomes as they are being built.  The next phase of development will be retail and shopping.

 

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Recent Home Sales in the Beechtree Subdivision of Upper Marlboro MD

Recent sales of townhomes in the Beechtree neighborhood of Upper Marlboro are averaging $375,000 to over $400,000 for 3-4 bedrooms. A few single family homes with 4 bedrooms have sold at an average price of $560,000.  Here's a list of homes that sold from June 1, 2017 to July 21, 2017.

Address                                              Close Price
15504   NEWTONMORE LN            $362,000
2317     BARNSTABLE DR              $346,000
15910   BISHOPSTONE TER          $445,000
15604   BURFORD LN                     $399,740
15619   SWANSCOMBE LOOP       $430,550
2222     CONGRESBURY PL           $331,000
15314   CAMBERLEY PL                 $365,000
15318   CAMBERLEY PL                 $360,000
15500   TIBBERTON TER                $401,000
15503   LEVENWICK PL                  $641,780
3602     WINTERBOURNE DR         $594,605
15216   SHAPSWICK PL                  $559,000

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

Realtor Drives Through New Westphalia Towncenter in Upper Marlboro To Capture Construction Progress

Armed with my Nikon D3300 digital camera in one hand and my GoPro video camera attached to my vehicle, I was ready to capture the progress in building this new community at Westphalia Town Center.  This massive project will span 479 acres and include almost 350 townhomes, shops, restaurants, commercial offices, a hotel with 600 rooms, a grocery store, and a sprawling Green Park to name a few. 

Recent sales of Townhomes this year range from $319,000 to $445,000 for an end unit located at 10607 Eastland Circle, boasting 4 bedrooms, 3 full baths, and a two car garage.  I'll be updating you with sales information and construction progress every few weeks so stay tuned and contact me with any questions at 240-535-1855 or email me mailto:angelo.rhodes@taylorprops.com .  In the meantime, check out my Photo Albums here and you'll see more pictures from my Westphalia Town Center drive through.


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Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com

So Who is Freddie Mac Anyway?

Freddie Mac is a nickname for the Federal Home Loan Mortgage Corporation (FHLMC).  Yes, they are a company, but also a government sponsored enterprise that congress created to keep the flow of credit going (economy) and to reduce risk to investors.  Their existence is a bit complicated, but they basically go out and buy mortgages, then resell those mortgages as a mortgage backed security.  They make their money by charging a fee on the loans they purchased which makes investors assume less risk for spending their own money.  Freddie Mac will guarantee that the loan gets paid back even if the borrower never repays the loan.  Sounds like insurance huh?

 

Angelo Rhodes, Realtor Taylor Properties 240-535-1855 email: angelo@realestateuppermarlboro.com