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2924 Cleveland Ave Nw
Washington, DC 20008
$5,500,000
Conventional
Property
Bedroom
8
Bathroom
9
Property Type
Conventional
Square ft
--
Property Description
Villa las Camelias. *** A one-of-a-kind private retreat - your villa in the middle of the city! *** This oasis-like home boasts approximately 7,762 sq ft across 4 levels, with 7 Bedrooms, 6 full baths, and 2 half baths. Timeless, elegant, and providing an exceptional living experience, with a heated pool and hot tub, pool house, beautifully tiered grounds, ample outdoor entertaining space, and a private suite, all nestled on .37 acres in esteemed Massachusetts Avenue Heights. *** This property has extraordinary scale and unparalleled privacy throughout. Oversized windows fill the main floor with natural light, and multiple French doors to the wonderfully private rear terrace allow for seamless indoor/outdoor living. An entertainer's paradise, this property has been the venue for countless happy parties and a wedding! *** Designed for entertaining, the main level boasts a gracious foyer, an open and spacious formal living room with a grand fireplace, a banquet style dining room, a great room with a 12.5' vaulted ceiling and fully windowed on three sides, affording stunning views of the rear garden, and a professional kitchen with restaurant grade appliances and a social center island. Also on the main floor is a lovely private library/office with its own fireplace and built-ins, a den that could be a bedroom, and two powder rooms. The main floor great room and living room have numerous glass French doors opening to the outdoor terrace, boasting excellent flow for entertaining and al fresco dining. *** The second floor has a primary suite with ensuite bath and a room-size dressing room. A second bedroom features two walk-in closets and ensuite bath. The third floor features two generously scaled private bedrooms, each with massive closet space, and a full bath. *** The west wing of the house features an enormous suite on the second floor, boasting a 14.5' vaulted ceiling, two walk-in closets, an ensuite bathroom, and a private balcony. Make this the room of your dreams - a majestic owner's suite, an art or design studio, a home corporate office suite, a yoga and fitness room... the possibilities to fit your vision are endless! *** The fully finished lower level boasts an expansive realm of leisure and functionality, housing an oversized recreation room, billiard room/exercise room/playroom, an additional bedroom, full bathroom, gym/bonus room, laundry facilities, abundant storage areas, and utility room. *** The outdoor living space is a must-see, as it harmoniously extends the living spaces to the outdoors, allowing you to utilize the entire property to its highest potential! Multiple stunning terraces around the property create exquisite private entertaining options, grounded by a magnificent brick patio accessible off the great room and living room. An oversized custom heated swimming pool with automatic cover, a hot tub, and a grand pool house, featuring a separate in-law suite, brings resort living to your every day. Lush landscaping provides a serene, private, and inviting atmosphere, creating a breathtaking retreat in your own back yard. *** The automatic gated entry opens onto a cobblestone courtyard, providing easy parking for multiple cars - no need for guests to stress about parking tickets! Pull into the two-car garage (with attic access) from the no-thru back alley and walk straight down the steps to the pool. *** Easily walk to the Metro (Woodley Park station), restaurants and retail along Connecticut Avenue, and nearby public and private schools. Just minutes away from Georgetown, the embassies in Kalorama, the White House and downtown DC, as easy access to both DCA and IAD airports. *** Feeling a world away from city life with its natural setting and extensive amenities, yet always remaining within easy reach, 2924 Cleveland Ave, NW is one of Washington's best. *** Villa las Camelias, your oasis sanctuary in the city, awaits!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1941
MLS Number
DCDC2134906
Location
Address
2924 CLEVELAND AVE NW
City
WASHINGTON
State
DC
Zip Code
20008
County
WASHINGTON (NW)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Bethesda All Points
Office Phone
(888) 536-0216
Agent Name
Lydia C Benson

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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

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. 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. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.