Archive for June, 2012
East Bethesda MD 20814 Homes for Sale 6/29/12
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Understanding Coops and Underlying Mortgages
An underlying mortgage is a loan to a cooperative apartment entity which uses its property as collateral. It’s called “underlying” because it comes before (or under) any personal loans which individual shareholders have taken out to purchase their apartments. To be specific, co-op shareholders do not actually own their individual apartments. Rather- they are owned by the cooperative- which then leases the space to the shareholders.
Not all buildings have underlying mortgages, but the majority do. Even if a co-op can afford to pay off the underlying mortgage, many take out loans for the benefit their shareholders get from the interest payments.
Since the entire property co-op is owned by the corporation, it appears on the tax rolls Read the rest of this entry »
East Bethesda MD 20814 Homes for Sale 6/22/12
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Home Improvement Seminar- Montgomery County
The Montgomery County Office of Consumer Protection is hosting an informational meeting on the do’s and don’ts of home improvements. As we kick into the summer building season, the timing couldn’t be better. The forum will address a number of issues, including common scams, how to verify licensing, requirements for permitting, components of a standard contract, and remedies for consumers in the event that you hire a dud.
The expert panel discussion will take place on Wednesday, June 20 from 7-9pm at the Council Office Building, 100 Maryland Avenue, Rockville in the 1st Floor Auditorium. Avoid being scammed. Get educated!
East Bethesda MD 20814 Homes for Sale 6/15/12
Update for 6/15/2012. I’m heading out of town a day early… so I hope this is accurate! 3 new listings, none under contract (though a few are threatening as of this writing), and 1 price drop.
All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 17 years. I’ve sold real estate in East Bethesda for over 12 years. It’s a wonderful neighborhood within walking distance of two metro stops AND downtown Bethesda. While all of this information is available to you on the various search engines, I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!
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4548 Windsor Lane, $625,000
Lot or home for sale. Private sale. 5,521 s.f. level lot. 3BR/2.5BA. In nice condition. Sellers are looking for a quick settlement with the option to rent back for up to 6-months. As is sale. Please contact my partner, Catarina Bannier at 202/487-7177 for more details.
4621 Maple Avenue, $1,137,500
Relatively newish construction (2005?). I got to see it last time it was on the market, but, alas, not this time around. I tried. On-line pictures improve upon the memory. 5BR/3.5 BA. Close to downtown. Days on Market: 2
2 Kentbury Way, $749,000
Wonderful outdoor retreat with a corner view of the neighborhood. 3BR/1.25BA. Easy walk-to-everything location. Pretty sunroom. Great paint colors throughout. Renovated full bath. Open kitchen. Unfinished basement. Wrap-around porch and pergola. Charm galore. Days on Market: 2 Read the rest of this entry »
Market Stats- May 2012
A quick snapshot of what’s happening in Montgomery County, and specifically, Zip 20814 (stats courtesy of RBI):
East Bethesda MD 20814 Homes for Sale 6/8/12
Update for 6/8/2012… $800K seems to be the new number in town. 1 new listing, 3 under contract, and 2 price drops.
All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 17 years. I’ve sold real estate in East Bethesda for over 12 years. It’s a wonderful neighborhood within walking distance of two metro stops AND downtown Bethesda. While all of this information is available to you on the various search engines, I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!
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4601 Cheltenham Drive, $824,900
Handsome brick colonial in a fabulous walk-to-everything location. 3BR/1FB upstairs. Another MBR suite on the first floor with an extra full bath and vanity area. Nice floors. Red dining room much better in person. 1970′s kitchen with lots of possibilities. Pretty landscaping. Days on Market: 3
8611 Lynbrook Drive, $1,099,000
Lots of new stuff in this renovated house with smart home features: new kitchen, HVAC, water heater, gas generator, windows, doors, W/D and more. 3BR/2FB upstairs. 4BR/3.5BA total. Call me crazy, but I think it’s a lot of money for a small master bedroom, choppy rooms, and a tiny back yard, especially given the competition. Time will tell. Pretty front porch. Nice wood floors. Days on Market: 7 Read the rest of this entry »
BCC High School
I finally got a chance to photograph the school at dusk… from the apartment building across the way. I think the results are pretty nice.
East Bethesda MD 20814 Homes for Sale 6/1/12
Update for 6/1/2012… Is the spring market winding down? I’m sensing a slight turn. 3 new listings, 1 under contract, and 1 price drop.
All the homes in this article are currently for sale within East Bethesda. The top of the list features the newest listings, while the bottom showcases those that have been on the market for quite some time. I’ll be updating this post every Friday, so be sure to check back to see what’s new, what’s gone, & what might be coming (and check out the date up top… if it’s not current, neither is this information!). I’ve lived in East Bethesda for over 17 years. I’ve sold real estate in East Bethesda for over 12 years. It’s a wonderful neighborhood within walking distance of two metro stops AND downtown Bethesda. While all of this information is available to you on the various search engines, I’ve taken the time to inject my opinion on the condition, pricing, and likelihood of each property selling… or not. I hope you’ll give me a call if you have any questions. I have loved living here over the years, and I want to share it with other enthusiastic people!
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8611 Lynbrook Drive, $1,099,000
Lots of new stuff in this renovated house with smart home features: new kitchen, HVAC, water heater, gas generator, windows, doors, W/D and more. 3BR/2FB upstairs. 4BR/3.5BA total. Call me crazy, but I think it’s a lot of money for a small master bedroom, choppy rooms, and a tiny back yard, especially given the competition. Time will tell. Pretty front porch. Nice wood floors. Days on Market: 0
7912 Chelton Road, $1,495,000
6 bedrooms and 5.5 baths to be found in this handsome home on a really convenient block in Bethesda. Gourmet kitchen. Pretty landscaping. 3rd floor perch. 1.5 blocks to the park. A short walk to metro. And another 1.5 blocks to BCC high school. Doesn’t get much more convenient than that. Days on Market: 3
7902 Pearl Street, $825,000
I had this listing last time it sold. Lovely brick cape with a fairly rare master bath (for an older home). All 3 bedrooms are large. Updated kitchen. Sunny breakfast room. Finished basement with another full bath. Hardwood floors and wood burning fireplace. Convenient to just about everything. Green, fenced back yard. Days on Market: 4 Read the rest of this entry »
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