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121 Selby St
Gaithersburg, MD 20878
$1,795,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
--
Property Description
These exquisite residences are perfectly situated at 121 Selby Street & 520 Inspiration Mews are a rare offering with additional RENTAL INCOME!!! Beautifully renovated by a local design build firm, this home is filled with character and meticulous design for the most discerning buyer. One of the most sought after locations & homes in the Kentlands surrounded by Lake Inspiration and Lake Nirvana! The last homesite and new build in Kentlands is valued well over 3 million making this home a value for all it has to offer. The main house boasts 4 levels with over 3,700+ square ft above grade. An additional carriage house is perfect for guests or rental income. Both homes blend to create a seamless, breathtaking estate sitting just across from the Kentlands mansion and green. The true gourmet chef's kitchen features a large professional range, GE profile appliances, plenty of counter space, and custom cabinets. The Kitchen opens into an inviting casual breakfast room with walls of natural light overlooking the outdoor garden surrounded by lush green landscaping. Directly off of the kitchen is a spacious great room with a floor to ceiling brick fireplace with built-ins. Above the great room is a cozy loft retreat with more custom built-ins . Upon entering the home you see the large entry ways that lead into the spacious living and dining rooms. To the left a spacious bright living room with a marble fireplace and direct access to the den with french doors to the deck all filled with natural light. The main house features a total of five bedrooms, den, four full baths and one half bath. The luxurious owners' suite features two walk-in closet, an owner's Spa bath with marble vanity, a soaking tub, and an oversized walk-in shower. Bedrooms two and three feature spacious closets and easy access to a full bathroom. On the top/4th level is an enormous retreat that includes 2 large bedrooms and a large bathroom. The Lower Level features a recreation space, den, full bath and wet bar waiting for the new owner's vision on how they want to use all this space. During renovations the owner kept the original integrity of the home to keep the true character and use the property as the perfect multigenerational living with its guest house and lower level in-law suite or teen get away. The main house has easy access to the guest house that includes a living space highlighted by a spiral staircase, high ceiling, new flooring, a full kitchen, laundry, full bathroom and private parking space. Enjoy the loft bedroom space overlooking the living room that makes it feel cozy and welcoming. The rear of the home includes a new deck with a fully fenced yard. The home completes itself with a stunning front porch and a two-car attached garage. This home is truly a rare gem that will not last long!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1992
MLS Number
--
Location
Address
121 SELBY ST
City
GAITHERSBURG
State
MD
Zip Code
20878
County
MONTGOMERY (CENTRAL)
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Elaine S Koch
Agency Phone
(888) 536-0216

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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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USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.