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5205 Sangamore Road
Bethesda, MD 20816
Trent Heminger with Compass, original listing - (301) 298-1001
$2,595,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
5535 Square Feet
Property Description
**1st Open House Sunday 2-4pm** STUNNING elegance in this 4-Level, 5BR/5.5BA home with 4 enviable terraces, pavered driveway and lush landscaping. The expansive versatile floor plan showcases oversized windows, multiple informal and formal living options, high ceilings, white oak floors, and expert finishes. Delight in the chef’s kitchen with large, quartz, waterfall center island, JennAir stainless steel appliances, and abundant storage. Get cozy in the living room anchored by a gorgeous gas fireplace. An office , custom mudroom, walk-in pantry, and convenient powder room complete this level. Heading up the floating glass stairway to the 2nd floor you’re presented with a sizable ensuite guest room, laundry room , 2 generous bedrooms conjoined by a double-vanity bath. Plus a large front-facing balcony connecting two of bedrooms. The primary sanctuary boasts 2 walk-in closets and a full attached bath with soaking tub, sexy dual sided glass shower, water closet, and double vanity. The open and airy top level comes equipped with a wet bar, wine fridge, full bath, and offers a great space for guests or an additional entertaining/living space where you can take the party outside to the exceptionally large terrace overlooking the mature tree-line views. The lower level features a recreation/family room with wet bar and wine fridge, comfortable bedroom, full double-entry bath, and a yoga/fitness room complete with athletic flooring and mirrored wall. Once again, take your entertaining outside to a covered stone patio overlooking the fully-fenced yard! All of this located in the Whitman School Cluster, blocks to the shops of Sangamore and less than 5 miles to Palisades, Friendship Heights and Bethesda Row Restaurants.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
5205 SANGAMORE ROAD
City
BETHESDA
State
MD
Zip Code
20816
County
MONTGOMERY (SOUTH)
Listing
Provider
Name
Phone
(301) 586-9236
Office Name
Office Phone
(301) 298-1001
Agent Name
Trent Heminger
Agency Phone
(301) 298-1001

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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.