Gov. Robert L. Ehrlich Jr. and his wife, Kendel, hope to take advantage of one of the strongest real estate markets in history.
They have listed their Mays Chapel Village town house for sale at $235,000. Maryland's first family moved out of 4 Ballyhean Court a few weeks ago to live full time in Government House in Annapolis.
State property records show the Ehrlichs bought the Colonial-style home for $153,000 in 1997.
The Mays Chapel home of Maryland's first Republican governor in 36 years is in Luther- ville/Timonium, which real estate agents say is one of the most-sought-after areas in Baltimore County.
During the past six months, 30 homes have sold in the neighborhood, lasting an average of 22 days on the market, according to Metropolitan Regional Information Systems Inc.
The Ehrlichs are scheduled to begin entertaining offers on the 1,520-square-foot home today.
The home was listed last week with Scott Alder of ReMax Exclusive in Hanover. Alder, who said he has sold previous homes for the family, would not disclose his commission rate. But an agent representing the buyer would earn 3 percent of the selling price, Alder said.
Ehrlich's press office did not return several telephone calls yesterday.
The cream-colored brick home has street parking, four bedrooms, two full baths and two half-baths, according to the listing. It was built in 1986, has a finished basement, a fireplace and central air conditioning. Annual taxes are listed at $2,099.
The Ehrlich town house enters the market as mortgage interest rates have reached historic lows and housing activity continues to remain strong. Sales and prices have shown record growth the past two years and certain areas of the region remain in high demand. The supply of homes for sale is 20 percent lower than it was a year ago and many agents said that continues to drive prices.
For example, the town house next door to the Ehrlichs sold in September for its $214,900 list price, according to property and real estate records. An end-unit up the street sold for $236,600 in July.
"It's amazing isn't it?" said Kerry Mitchell, a broker with Access Real Estate Services in Hampstead. "Probably by spring, I think the market may be higher."
Claudia Januchowski, sales manager for Coldwell Banker Residential Brokerage's Towson/Lutherville office, said the fact that it's Ehrlich's home could help drive a sale. "I think that some people may see some added value in that," she said.
Some Democrats may disagree. Alder joked that he seldom tells potential buyers the house belongs to the governor unless they bring it up first.
"When I show the house and say it's [the Ehrlich family's], I make sure it's a Republican when I do so."