Home for Sale at 37-39 E SOUTH Street unit: 4-5, FREDERICK, MD 21701

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37-39 E South Street Unit: 4-5
Frederick, MD 21701

Tony C Checchia with VCRE.CO - (240) 367-9600

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Property Details

List Price:	$1,300,000
Beds:	--
Baths:	--
Status:	ActiveUnderContract
SqFt:	0 Square Feet
Agency:	VCRE.CO
Agency Phone:	(240) 367-9600

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 sqft
Property Type:	Other-Other
Year Built:	1940
Notes:	Mixed use Historic Complex located within the Hub and Opportunity Zone. Two units (4&5) being sold as a package. Ideal site for adaptive mixed reuse, residential/office/retail/office/brewery/coffee shop/restaurant with unlimited potential and appeal. The site offers architectural interest, sweeping views of the Spires Skyline and location, location, location! Please call LA for all the details and/or to schedule a tour.
MlsNumber:	--
ListingId:	MDFR2063266

Listing Provided By:	VCRE.CO
Phone:	(240) 367-9600
Office Phone:	(240) 367-9600
Agent Name:	Tony C Checchia
Disclaimer:	Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

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This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

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