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3419 Cummings Ln
Chevy Chase, MD 20815
Eric Murtagh with One Bethesda, original listing - (888) 536-0216
$3,695,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
--
Property Description
OPEN SAT/SUN 2-4!! Price Improvement - A Rare Opportunity Awaits! Imagine walking into a home that feels like it was designed just for you-where every detail, every corner, every space is a reflection of luxury, elegance, and thoughtful design. This breathtaking, brand-new residence in the heart of Martin's Additions, is not just a house; it's a place where your dreams of modern living come to life. Crafted by the talented minds at Studio Z Design Concepts and built by Modern Dwellings Developers, this is the kind of home that blends cutting-edge design with a deep sense of warmth and comfort. Located on a rare 9,000+ square-foot lot, this gorgeous home is an absolute showstopper, with walls of windows that invite light to flood in, creating a sense of openness and calm from the moment you enter. The floating staircase, with its stunning architectural presence, draws your eyes upward toward the soaring ceilings that seem to go on forever. White oak floors run through every room, adding a touch of natural beauty that softens the contemporary design. The heart of this home is where luxury meets nature: the great room opens seamlessly to a covered deck through a custom sliding glass door system, making it the perfect space for both quiet moments and lively gatherings. Picture yourself sitting outside, surrounded by lush, mature landscaping, your home creating a private sanctuary in the midst of the city. Inside, this home is made for living well. With five spacious bedrooms, each with its own en-suite bath, there's plenty of room for everyone to have their own retreat. The primary suite is a true oasis, featuring vaulted cathedral ceilings adorned with wooden beams that add a touch of rustic charm. Oversized custom closets offer the kind of storage that makes organization feel effortless, and sliding glass doors lead out to a private deck, creating a seamless connection between your inner and outer worlds. The wet room bath in the suite is a true luxury, offering a tranquil space where you can indulge in self-care and find moments of peace. From the wine room that speaks to your love of the finer things to the fitness room that makes taking care of your body feel like a true luxury, every part of this home is designed to support and elevate your lifestyle. There's even an optional elevator that services all three finished floors, ensuring that every inch of this home is as convenient as it is beautiful. With nearly 6,000 square feet of thoughtfully designed living space, this home isn't just a place to live-it's a place to thrive. And with an oversized two-car garage, you'll have space for everything you need, making sure that everything in your life is in its place. Conveniently located near the charming shops of Brookville Road, the delightful La Ferme restaurant, the weekly farmers market, and within easy reach of all three major airports and highways, this home puts you at the center of it all-while still offering the peace and privacy you deserve. This is more than just a house; it's a rare opportunity to live in a space that truly reflects the best of modern luxury, comfort, and style. A home where you can create memories, celebrate life, and embrace all the beauty and joy that's waiting for you.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
3419 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.