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12547 Ansin Circle Drive
Potomac, MD 20854
Marsha Schuman with Washington Fine Properties, LLC, original listing - (301) 983-6400
$1,695,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
4300 Square Feet
Property Description
The developers of The Brownstones at Park Potomac sought to meld the classic New York City Brownstones with the most sought-after community amenities (club house, pool, exercise room, tot lot/playground, snow removal, and lawn maintenance) for the discerning home buyer. And they succeeded! The convenience of living at Park Potomac is unmatched, with numerous restaurants, a grocery store, pharmacy, gyms, retail shops, and more located within easy walking distance. This four-level elevator townhome has it all, with stunning architectural detail, beautiful hardwood flooring, and crown molding throughout. A covered entry welcomes you to the first level of this all-brick home, with a foyer, gym with two mirrored walls, powder room, and two-car garage with a chair lift. The second floor is perfect for entertaining or more intimate family living with a dining room, living room with large bay window, study/den with built-ins, powder room, and family room with a gas fireplace flanked by arched built-ins. The heart of the home is the gourmet kitchen and breakfast area with a large center island, solid wood cabinets, new custom tile backsplash and granite countertops, and high-end appliances. The breakfast area has an atrium door that leads to a large, fenced-in, private brick patio. The spacious primary bedroom with two large, organized walk-in closets is located on the third level along with the marvelous, recently renovated primary bathroom that has two vanities; a fabulous, oversized shower with both overhead and handheld fixture; grab bars; and upscale electronic controls; a separate tub with chandelier above; and a Kohler bidet toilet. There are two additional bedrooms, a full bath, and a laundry closet on this level as well. The fourth level features a large Recreation Room with two sets of atrium doors that lead to a wonderful rooftop terrace. There is a fourth bedroom and an additional full bath. If you desire an au pair or in-law suite, this could easily fit the bill. Like all levels of this thoughtfully laid-out home, this is also serviced by the elevator. The Brownstones are just off I-270 at Montrose Road, providing immediate access to the Capital Beltway as well as major routes through Montgomery County, into Washington, DC, and across the Potomac River to Northern Virginia.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Townhouse
Year Built
2008
MLS Number
--
Location
Address
12547 ANSIN CIRCLE DRIVE
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Washington Fine Properties, LLC, original listing
Name
Phone
(301) 943-9731
Office Name
Office Phone
(301) 983-6400
Agent Name
Marsha Schuman
Agency Phone
(301) 983-6400

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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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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.