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3417 Cummings Ln
Chevy Chase, MD 20815
Eric Murtagh with One Bethesda, original listing - (888) 536-0216
$3,765,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
--
Property Description
***Open Sunday, January 5th, 2-4pm!*** This gorgeous, modern classic with bespoke architectural elements incorporates premium materials and on-trend luxurious finishes. There are stunning walls of glass, a breathtaking floating staircase, soaring ceilings, an intimate home office workspace with a gas linear fireplace, formal dining and inviting living rooms, and a multi-slide glass wall system for seamless indoor-outdoor living spaces between the great room to a covered deck, -all overlooking the lush grounds complete with mature landscaping. A haven for entertaining and enjoyable evenings. The focal point for gathering starts in the high-end gourmet kitchen featuring professional-grade appliances from Thermador and Sub-Zero, rich Quartzite countertops with intricate veining and a warm color palate, and an oversized island with thick-edge stone and countertop seating for four. Wood Mode White Oak custom cabinetry is featured in the latest Milan door style. With natural light from a wall of windows, the breakfast room includes a coffee bar with additional, deep refrigeration drawers, and a wine chiller completing this special culinary experience. The expansive great room opens to the covered deck via the multi-slider door system that disappears while retracting into the wall. The gas fireplace is flanked by arched niches with custom cabinetry and floating shelves all backed with silk grasscloth. Enjoy entertaining with this seamless transition from indoor to outdoor spaces. There is breathtaking Visual Comfort lighting illuminating elegance and sophistication. Exquisite Architessa stone/tile is curated at every turn. The Owner's suite boasts a spectacular vaulted beam ceiling in the bedroom chamber and amazing treetop views. Step out onto your private balcony for morning coffee or late-night star gazing. Luxuriate in the spa-like primary bathroom with a soaking tub, rainfall showers, heated floors, and stunning custom cabinetry by Wood-Mode. Three additional bedroom suites and a laundry room complete the upper level. The lower level features a gym, wine room, en-suite bedroom, expansive recreation room, a second mud room, generous storage spaces, and an oversized two-car garage. The home is ""elevator ready"" to serve all three levels. Enjoy the nearly 6,000 square feet of luxuriously appointed living space all in a stunning setting for the most discerning buyer. Conveniently located near the charming shops of Brookville Road, La Ferme restaurant, Coffee shop, the Saturday morning farmers market, neighborhood parks, and all three major airports and highways.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
3417 CUMMINGS LN
City
CHEVY CHASE
State
MD
Zip Code
20815
County
MONTGOMERY (SOUTH)
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Eric Murtagh
Agency Phone
(888) 536-0216

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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.