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203 W Montgomery Ave
Rockville, MD 20850
$833,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
A truly special offering in historic Rockville! This circa 1884 Queen Anne Victorian beckons with abundant natural light that streams through oversized windows and into rooms featuring nearly 10' ceilings, a freshly painted interior, and newly refinished wood floors. Enter the splendid foyer showcasing a decorative black and white staircase, and turn to gaze at the oversized living room with a fireplace and built-in bookcases. The banquet-sized dining room is next, with its gracious bay window, and next to that the adjacent private office/Zoom room. The stunning kitchen follows, with brand new white shaker cabinets, a new SS fridge with icemaker, a new SS dishwasher, sink and disposal, new stone counters & 4-year-old gas range. Focal points in the space include the floor-to-ceiling bookcases, a built-in pantry closet, and the sleek center island juxtaposed with an exposed brick wall. The kitchen has plenty of table space and opens into the huge family room addition with walls of windows to enjoy the view of the gardens beyond. A wraparound composite deck off the family room has an exit to the driveway and the two-car (tandem) garage. The upper level has four roomy bedrooms, two remodeled bathrooms, new washer and dryer, and new carpet in the owners' suite addition. New lighting fixtures throughout as well! A spiral staircase leads to a finished loft/office/play space with plenty of storage space in the eaves storage and access to mechanical equipment. In addition to the 2024 renovations, the roof was replaced, the water heater in installed in 2024, the boiler in 2021, and the heat pump in 2009. The location is ideal - a half mile to Rockville Metro, just a few blocks to Rockville Town Center dining, theaters and shops, Dawsons Market, and the schools of the award-winning Richard Montgomery cluster. Easy access to jump onto I-270 for commuters. Make this your forever home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1888
MLS Number
MDMC2127288
Location
Address
203 W MONTGOMERY AVE
City
ROCKVILLE
State
MD
Zip Code
20850
County
MONTGOMERY (CENTRAL)
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
Jamie Coley

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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.