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315 Armstrong Pl
Gaithersburg, MD 20878
$1,169,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Welcome to 315 Armstrong Place, A GORGEOUS 4 STORY, ELEVATOR TOWNHOME that shows like new!! Why wait for new construction. Located in one of the most sought-after mixed-use communities in all of Montgomery County, Crown. Here you will find an elegantly finished 4 story elevator townhome that features 4 bedrooms, 5 baths, a chef's kitchen, high-end flooring throughout, Custom built-ins, and an open layout floor plan. Upon entry you find yourself on a street level lower level with a living/office space, and access to the 2-car garage, and elevator. The beauty of the entry level space is in the versatility, as of now it is an expansive office however it is plenty large enough to make it an extra entertainment area. Step up a flight of stairs or take your elevator to level 2 and you will find yourself in the center of a sprawling and open main living level. A large living room with plenty of space for the san oversized sectional sofa and stunning gas fireplace surrounded by built-ins. Here lies a gorgeous chef's kitchen, with an expansive island with counter seating for 5+, high-end stainless-steel appliances, gorgeous white cabinets with enough storage space to fit all your kitchen gadgets, and a walk-in pantry. The open layout of the main level seamlessly flows from the living, dining and kitchen area right out on t the deck, making it perfect for entertaining. This is truly a spectacular feature of this home. Take a quick ride up to level 3, as you step off the elevator you will immediately notice the laundry room right across the hall, making it super convenient for transferring laundry to and from other levels. Level 3 features a sprawling primary suite, with 2 walk-in closets and dual vanity bathroom with stand-up shower, linen closet and water closet. On this level there are also 2 more bedrooms, and a full bath. On Level 4 you will find the 4th bedroom, with a full bathroom and walk-in closet. However, this room is also absolutely perfect for the media room of your dreams, and is conveniently plumbed in for the addition of a wet bar! This home is fully equipped with the finest upgrades throughout. All the opulence within this home and you will find yourself forgetting that you are only blocks away from all of the incomparable offerings of Downtown Crown. From casual restaurants to fine dining, gyms to spas, coffee to dry cleaners & banks, not forgetting the most convenient of them all, Harris Teeter. You are also just a few walkable blocks from ""ËœThe Retreat' a farmhouse modern community clubhouse & pool available to community residents only. All this, and your less than .5 mile from RIO, I-270 and the ICC
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2021
MLS Number
MDMC2128164
Location
Address
315 ARMSTRONG PL
City
GAITHERSBURG
State
MD
Zip Code
20878
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
Christina O'Dea

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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.