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3731 Chevy Chase Lake Dr
Chevy Chase, MD 20815
$1,890,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Introducing a lifestyle of refined aesthetic in a prime location! The Brownstones at Chevy Chase Lake stand out as a beautifully designed community in one of the area's most sought-after new developments.3731, positioned in the first row of townhomes, offers a great view & access to the park with a water feature & mature landscaping. The beautiful brick facade of this gently occupied home, exudes character much like the classic craftsmanship found in any high-end residence. This BARELY lived in unit embodies the epitome of luxury and city living with a warm, Charleston-style charm with numerous EXCLUSIVE UPGRADES not found in any other unit! Boasting 3 bedrooms + a den,  3 full & 2 half baths + an ELEVATOR,  this home is a haven for your every desire! Beautiful sand-in-place solid White Oak floors (including the stairs and railings) Designer fixtures, an enhanced Lutron lighting system & top-of-the-line AV System & HVAC upgrades, this home stands out with its premium amenities. The main level is a bright and airy open living space with soaring windows and an ample living area. Cozy up to the warm fireplace and open up your custom electric shades to enjoy garden views or set a beautiful table in your dining room! Entertain with style & sound as you play your favorite music on the state-of-the-art Sonos sound system. A perfect home for unwinding, hosting a dinner soirée, or showcasing your culinary talents in a sophisticated living space. The expansive eat in kitchen with massive island includes several unique upgraded features like wine cooler, filtered water dispenser, seamlessly integrated phantom screen, and strategically placed horizontal outlets at the back splash for easy access to power small appliances. The Calacatta Gold quartz Countertops features a sleek waterfall edge, is a striking focal point accentuated by designer pendants hanging over the island. The family room opens to a deck, perfect for enjoying your morning coffee and reading a good book. This deck includes its own Gas Line for outdoor cooking, making the space a more functional and enjoyable area for cooking and entertainment right off the kitchen! The 2nd level features a relaxing primary suite with separate seating area & two huge walk-in closets. The en suite spa like bath has heated tile flooring, two vanities with organic white countertops for a contemporary feel, upgraded polished nickel Kohler Artifacts fixtures, custom tile & large luxury shower with a niche. A second bedroom with an en-suite bath featuring a tub looks out onto the front garden & has a large walk in closet. The decked out laundry room is an inviting space with upgraded recessed LED lighting, designer tile, extra storage & sink plus a recently installed countertop over the washer & dryer for improved functionality. On the 3rd level, you'll discover a versatile loft space perfect as a family room or home office plus an additional bedroom, a full bathroom, and access to your rooftop terrace-your private retreat for starlit evenings. Whether you prefer basking in the sun or relaxing in the shade, your electric awning allows you to lounge comfortably while enjoying a Nats game on your outdoor TV. The terrace boasts a dedicated wet bar with a fridge, Sonos system, a phantom screen, duplex outlets & its own gas line for outdoor cooking & entertaining. The ground level features a 2-car garage (with outlets for EV charging), a mudroom, a powder room & den space perfect for home gym, office, or game room + lots of storage - there's even an electric storage/luggage rack in the garage ceiling! Prime location by Chevy Chase Lake Development with Ritz Carlton, Amazon Fresh, CVS, & home to the new purple line! Minutes to vibrant downtown Bethesda with great restaurants & shopping. Easy access to DC & 495 & 270. Luxury, Lifestyle and Location. You can have it all! Welcome Home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2019
MLS Number
MDMC2117078
Location
Address
3731 CHEVY CHASE LAKE DR
City
CHEVY CHASE
State
MD
Zip Code
20815
County
MONTGOMERY (SOUTH)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
One Bethesda
Office Phone
(888) 536-0216
Agent Name
Anna D Mackler

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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.