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6500 Garden Grove Way
Gaithersburg, MD 20882
$1,050,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
CoNestled in the sought after Belle Chase neighborhood, this beautifully updated home in Laytonsville, Maryland, offers a lifestyle of relaxation and convenience. Designed to impress even the most discerning buyers, this residence boasts a wealth of standout features and meticulous updates that exude tasteful, timeless elegance. Pulling in, you'll notice the spacious side entry three-car garage, providing ample space for vehicles and storage. Stepping inside, you are greeted by a grand two-story foyer & turned staircase with two coat closets and a striking Palladian window, setting the tone for the home's luxurious ambiance. The main level features a formal living room and dining room adorned with chair rail and box moldings, along with a decorative chandelier that adds a touch of sophistication. The family room is a bright and inviting space with vaulted ceilings, skylights, a designer ceiling fan, plantation shutters, and a white brick fireplace. This room seamlessly opens to the eating area and kitchen, creating an ideal layout for both everyday living and entertaining. The morning room, flooded with natural light from oversized Anderson sliding doors and skylights, is perfect for casual lounging. The kitchen is a culinary masterpiece, equipped with a five-burner gas KitchenAid cooktop and dishwasher, a Kenmore Elite refrigerator with an icemaker, and a double wall oven. The stunning stone countertops and custom upgrades, including designer lighting fixtures & tile backsplash, make this space both functional and elegant. Adjacent to the kitchen is a convenient laundry room with garage entry. On the main level, you'll also find a private study with glass French doors, offering a quiet retreat for work or reading. A powder room with wall paneling and marble countertops completes this level, adding a touch of luxury for guests.Upstairs, the impressive owners' quarters serve as a true retreat. The expansive bedroom features an en suite bathroom with a jetted tub and a spa-like feel, including a separate soaking tub and a spacious walk-in shower & large linen closet. A huge closet provides ample storage space, ensuring the room remains serene and uncluttered. The additional bedrooms are equally well-appointed, offering comfort and style for family or guests. Descending to the basement level, you'll discover a sophisticated space perfect for entertaining. The recently finished basement boasts extensive custom millwork and a bar with a fridge and beer tap, providing a perfect setting for social gatherings. This level combines functionality and style, making it an ideal area for hosting friends and family. The large yard and fantastic deck create an ideal outdoor setting for hosting gatherings and enjoying the outdoors. A notable feature of the outdoor space is the large fire pit, which adds a touch of warmth and ambiance. Throughout the home, noteworthy design details are abundant, fresh neutral paint, new carpets, and wood floors throughout the main level. Notable upgrades include a new roof installed in 2019 and a gas hot water heater replaced in 2017, ensuring the home is not only beautiful but also well-maintained and efficient. Enjoy the nearby Lifestyle amenities:Laytonsville Golf Course: A beautiful public golf course with a pro shop and clubhouse dining.Juliano's: Local favorite for Brick Oven PizzaThe Family Room: Curated gifts, ice cream and coffee, gathering spotLaytonsville Town Center: Shops and services including a grocery store and pharmacy.Jimmie Cone: Popular spot for ice cream and frozen treats.Blue Mash Golf Course: Championship course with practice facilities and a clubhouse.Laytonsville District Park: Athletic fields, playgrounds, picnic areas, and walking trails.Magruder Branch Trail: Scenic trail for hiking, biking, and nature walks.Seneca Creek State Park: Over 6,300 acres of outdoor recreation.Montgomery Country Club: Private club offering golf, tennis, swimming, dining, and socming soon 6/5
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1993
MLS Number
MDMC2133960
Location
Address
6500 GARDEN GROVE WAY
City
GAITHERSBURG
State
MD
Zip Code
20882
County
MONTGOMERY (CENTRAL)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Rockville Centre
Office Phone
(888) 536-0216
Agent Name
Alecia R Scott

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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.