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208 Ashcroft Court
Ashton, MD 20861
$1,725,000
Conventional
Property
Bedroom
6
Bathroom
8
Property Type
Conventional
Square ft
7790
Property Description
Nestled within 5 acres of pristine beauty, 208 Ashcroft Ct is a sanctuary of sophistication, meticulously curated for those who appreciate the finer things in life. Proudly presented by Galanti Group of Compass, this exquisite property is a testament to luxury living and unparalleled tranquility. Situated on a secluded private street, a grand entrance awaits as you drive up the circular driveway, graced by majestic mature trees. The allure of this residence is immediately evident, beckoning you towards the rear where lush professionally landscaped gardens and charming patios await. Here, an oasis unfolds—a Zen haven boasting an inviting heated saltwater pool and spa, a serene koi pond with a picturesque stream and bridge, and a pool house adorned with a full kitchen and magnificent bar, complete with a full bath, greenhouse, and horse stables. It's a haven you'll be reluctant to leave! Step inside the main residence, where nearly 8,000 square feet of living space spans three levels of opulence. Adorned with gleaming hardwood floors, the main level welcomes you with an elegant round foyer, featuring a striking staircase that sets the tone for the grandeur within. Here, you'll discover a formal Living Room exuding warmth with a cozy fireplace, a gracious Dining Room perfect for hosting intimate gatherings, and a gourmet kitchen equipped with top-of-the-line Dacor and SubZero appliances. The adjacent breakfast room offers captivating views of the meticulously manicured gardens and sparkling pool. A Family Room awaits, boasting a stone fireplace, while the private Primary Suite with its adjacent den, complete with built-ins and yet another fireplace, and a newly renovated Primary bathroom featuring a luxurious steam shower. Venture to the west wing of the home, where a spacious private office/library awaits complete with extensive built-ins and a wet-bar, adjacent to a 2-bedroom guest suite boasting yet another gorgeously renovated full bathroom. The upper level features three generously sized guest suites, each boasting its own beautifully designed and renovated full bathroom, along with ample attic storage space to accommodate all your needs. The lower level of this abode is a destination retreat with a magnificent rec room boasting a full bar/kitchen and another fireplace, a home gym to invigorate the senses, a workshop for the industrious, and a Japanese SPA Ofuro (bathroom) adorned with a luxurious mahogany soaking tub and body jets. Not to be missed is the one-of-a-kind wine room—a true showstopper for the wine connoisseur. Completing this exceptional offering is an immaculate extra-large three-car garage, providing ample space for your vehicles and storage needs.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1983
MLS Number
MDMC2129460
Location
Address
208 ASHCROFT COURT
City
ASHTON
State
MD
Zip Code
20861
County
MONTGOMERY (CENTRAL)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(301) 304-8444
Agent Name
Avi Galanti

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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.