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4902 Greenway Drive
Bethesda, MD 20816
$2,790,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5864
Property Description
Priced improvement for an amazing brand-new home with ELEVATOR, Roof Top Terrace & Recreation Room!! Incredible location with all the accesses of urban living yet a short stroll through a European-feel back alley to the Little Fall swimming club and enjoy the park-like setting with picnic tables next to a small stream under the trees. The home is now ready! This brand new contemporary masterpiece is a four-level haven of modern luxury, complete with an ELEVATOR, meticulously crafted with custom design architecture to optimize its prime location. A sleek and stylish exterior welcomes you to a residence that seamlessly blends form and function, promising a lifestyle of comfort and sophistication. An impressive open layout of six bedrooms and six full bathrooms offers ample space for family and guests. The heart of this home is undoubtedly the designer modern kitchen, a culinary masterpiece equipped with upscale cabinetry and quartz countertops. Top-of-the-line appliances stand ready to turn every meal into a gourmet experience. The drama unfolds in the two-story family room with walls of windows on both sides, bathing the entire residence in natural light and providing a seamless connection to both the main and upper levels. An optional designer fireplace and accent wall will add an extra layer of elegance. Each bathroom emanates a sense of designer sophistication, upscale tastefulness, and elegance. Custom-built closets and cabinets grace the master bedroom, laundry room, and an open mudroom, offering not just storage but a testament to thoughtful design. Both the lower and top levels each boast sophisticated wet bars, taking the art of entertaining to new heights. The entire residence is adorned with beautiful engineered hardwood floors, designer railings and interior doors, creating a cohesive aesthetic throughout all levels. Every detail has been meticulously curated to exude modern luxury and timeless sophistication. For outdoor enthusiasts, head up to the top level, where a breathtaking creation room invites you. This room leads to two expansive rooftop terraces on different sides, forming a perfect retreat for unwinding or hosting social gatherings with the cityscape as your backdrop. Connecting effortlessly to a backyard oasis, the dining room provides access to a charming patio and level backyard. Step outside to enjoy an al fresco BBQ or engage in cozy firepit conversations beneath the starlit sky. Location is key, and this home boasts the best of it. Situated within walking distance to Chevy Chase downtown, residents have easy access to many restaurants and shopping. The Friendship Heights Metro is a short stroll away, offering a convenient link to the heart of DC. With quick and easy access to I495, I270, and VA, this residence seamlessly blends a tranquil neighborhood setting with the vibrancy of city life. In essence, this contemporary single-family home is not just a dwelling; it's a statement of modern living at its finest. With its thoughtful design, luxurious features, and prime location, it offers a lifestyle that is as impressive as it is inviting.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2023
MLS Number
MDMC2113116
Location
Address
4902 GREENWAY DRIVE
City
BETHESDA
State
MD
Zip Code
20816
County
MONTGOMERY (SOUTH)
Listing
Provider
RE/MAX Realty Group, original listing
Name
RE/MAX Realty Group
Phone
(301) 258-7757
Office Name
RE/MAX Realty Group
Office Phone
(301) 921-4500
Agent Name
Mandy Rehm

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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.