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13408 Ridge Dr
Rockville, MD 20850
$1,599,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
--
Property Description
Welcome to this custom-built, 6,665 square foot (as per tax record/ photographer measures 7,200 square feet), home, featuring 2 lovely primary ensuites, having luxurious full baths and sitting rooms. Perfect for long-term visitors, or having an office suite! This executive finished brick home, is located in lovely/private Glen Hills. Some features: in addition to 2 Primary Suites, (one on main level, (previously used as an office suite), the other on second level, sited on a private 1.12 acre private lot, having a flagstone hardscape (walk-way, wall and seating), leading to a roofed flagstone veranda protecting the front door, (door having a wood-surround, side and upper transoms). The front porch is a covered veranda (stretching the length of the living room and kitchen), having 6 ceiling lights. This unique 5 bedroom, 5 full baths, 2 powder room home, is finished with: 3-piece crown moldings, 2-piece chair railing, new hardwood floors (main level), ceramic floors, 9', and tray ceilings, 6 panel doors and much more Main level: Gracious 2-story foyer faces a hardwood curved staircase, new hardwood floors, curved-walled living room and 2-sided fireplace. From the living room, pillars introduce you to a spacious dining room having tray ceiling and french doors, (surrounded by 2 large stationary french doors), leading to a flagstone patio.A spacious gourmet country kitchen showcases stainless steel appliances, (double oven, 2 dishwashers, side by side refrigerator, wine cooler), built-in wine rack, 2 sinks (1 a double, the other a vegetable), large 2-tiered granite center-island and counter tops, custom cabinets, fireplace (double sided w living room), ceramic back splashes! Also featured, on the main level: library/den, 2 powder rooms, spacious family room w floor-to-ceiling stone fireplace and beamed ceiling, the first of the 2 spacious primary ensuites w adjacent large sitting rooms and luxurious primary baths (separate shower stall and soaking tub, double sink, ceramic floor/counter tops), second set of stairs, to private nanny suite, (on second floor). In addition to the previous there's a laundry/mud room, storage shelves, powder room and access to garage. The second floor features: second primary ensuite w large sitting room/room closet and luxurious full bath having separate shower, soaking tub, double sink, linen closet, travertine floor and marble counters, 2 guest/children's suites have private full baths. There's access to a 2-room, nanny ensuite (accessible by 2nd. staircase, near kitchen), utility room containing second HVAC system. The 3-car attached garage has a 4th. door to facilitate lawn mowers and other small equipment. The walk-out lower-level features: Spacious family room w ceramic floors, double doors to rear yard, den (unfinished/ previously used as a media room) and storage/utility room having 1st. of two HVAC systems. This home is close to Shady Grove Edu and Medical facilities, shopping and schools and conveys a 1-year Cinch Home Warranty Protection plan covering appliances, HVAC system and much more.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2005
MLS Number
--
Location
Address
13408 RIDGE DR
City
ROCKVILLE
State
MD
Zip Code
20850
County
MONTGOMERY (CENTRAL)
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Mary Zack
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.