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235 Midsummer Cir
Gaithersburg, MD 20878
$1,050,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
--
Property Description
OFFER DEADLINE, MONDAY 10/28/24 AT 12 NOON. Welcome to this beautifully updated New England Style Colonial in the coveted Washingtonian Woods community. Perfect for entertaining, this five bedroom/ three and a half bath home offers a premium lot with a backyard oasis designed for fun and relaxation. The Alfrandre Coventry II model, the largest and most sought-after model in the community, boasts a flowing, open floor plan. Between the garage and the house, you'll find a new, custom-designed mudroom with ample storage and space for all your equipment needs. The light-filled first floor includes a family room with a fireplace, a living room with a second fireplace, a dining room, an office (featuring built-in shelving), and an open kitchen equipped with stainless steel appliances, an updated backsplash, stone countertops, and a breakfast bar. Windows and skylights throughout offer tons of natural lighting and unobstructed views to the wooded hill and backyard. The private owner's suite on the bedroom level features a beautifully renovated modern bathroom with a spa-like shower, dual sinks, a standalone soaking tub, and sliding barn doors. The upper level also includes a convenient laundry room with plenty of storage space and utility sink. The second, third, and fourth bedrooms on this level are freshly painted and well-spaced relative to the owner's suite. Downstairs you'll find a renovated walk-out basement, designed to act as an au-pair/in-law suite with a bedroom, updated bathroom, living space, and entertaining area with new cabinets and a dry bar. In addition, discover a bonus area perfect for kids play space or personal gym, along with a large storage room - uncommon for this model home. Stepping out from the main level, you're welcomed by a new Trex deck with a newer hot tub, perfect for soaking under the stars on a summer night or a cold winter evening. The deck offers ample space for entertaining and enjoying the outdoors. The deck stairs lead down to the backyard, which is a true showcase of this house. The elevated lot provides privacy and overlooks treed, undeveloped city property. The backyard features professional hardscaping, including a patio, a fire pit area, and a walkway connecting the backyard to the front yard and driveway. There is also a leveled seating area under a portion of the deck, complete with astro turf and lighting, ideal for outdoor movies and entertaining. This wonderful neighborhood offers fields, playgrounds, trails, tennis and basketball courts, a pool, and a clubhouse, all just steps away. The active social committee plans many events throughout the year, and the neighborhood swim team is part of the MCSL. Extensive updates to the house include exterior painting, mudroom design, roof replacement, dual-zoned HVACs, a hot water heater, windows, slider doors, a dry bar, basement storage, a deck, a hot tub, hardscaping, bathrooms, and garage doors. Centrally located and just minutes to highways, 270, 370, ICC, Shady Grove Metro, LA Fitness, Lifetime, Kentlands, Lakelands, Falls Grove, King Farm, Downtown Crown, Washingtonian Center (Rio), Target, Retail Shops, Restaurants, Whole Foods, Trader Joes, Harris Teeter plus more than 150 restaurants, all within a 5 mile radius. Welcome Home!!!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1991
MLS Number
--
Location
Address
235 MIDSUMMER CIR
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
Anton P Vanas
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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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.