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14215 Punch Street
Silver Spring, MD 20906
$1,200,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
9324
Property Description
Welcome to this magnificent 7-bedroom detached home, nestled on a private pipe stem, offering an unparalleled level of luxury and comfort. Situated on a charming street in an ideal area, this home is a true masterpiece, perfect for both gracious living and grand entertaining. As you approach the property, you'll be greeted by the stately presence of this grand home, surrounded by lush greenery and nestled away from the hustle and bustle, providing the perfect blend of privacy and convenience. Upon entering the 2-story foyer, you'll be immediately struck by the grandeur of this residence. The main level features a spacious living room, perfect for formal gatherings, and an elegant formal dining room, setting the stage for memorable dinners and celebrations. For those who work from home, there's a convenient entry-level office, offering a quiet and dedicated space. The heart of this home is the magnificent 2-story family room, flooded with natural light from many large windows, and a cozy gas fireplace, creating an inviting space for family and friends to gather. Just steps away, you'll find the massive eat-in kitchen, a chef's dream with two large center islands, sleek granite countertops, and a 6-burner gas cooktop. The kitchen is adjacent to a spacious sunroom, where you can enjoy your morning coffee while taking in the views of the serene surroundings. Additionally, there's a large laundry/mud room with its own private entrance, adding to the convenience of daily living. Venture to the upper level, and you'll discover four spacious bedrooms, each offering comfort and charm. Three full baths on this level ensure that everyone has their own space, making mornings a breeze. The primary suite is a true sanctuary, featuring a private sitting room, two walk-in closets, a standard closet, and an ensuite bath that pampers with two vanities, a soaking tub, and a separate stall shower. The lower level is a true gem, with a fully finished basement that's perfect for recreation and relaxation. It features a spacious recreation room and a well-appointed wet bar for hosting game nights or social gatherings. A kitchenette enhances the convenience, making it an excellent space for a guest suite or in-law quarters. Three more bedrooms provide plenty of room for family or guests, and a bonus room adds versatility to the space. With two separate entrances, this level offers great potential for rental income or a private retreat. This exceptional home is perfectly located off Layhill Road, offering easy access to shopping, dining, and entertainment options. You'll have the best of both worlds – a tranquil oasis and urban convenience. Don't miss the opportunity to make this grand and spacious home your own. Contact us today to schedule a private viewing and experience the luxury and lifestyle it has to offer.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2005
MLS Number
MDMC2128200
Location
Address
14215 PUNCH STREET
City
SILVER SPRING
State
MD
Zip Code
20906
County
MONTGOMERY (SOUTH)
Listing
Provider
RE/MAX Town Center, original listing
Name
RE/MAX Town Center
Phone
(301) 637-9762
Office Name
RE/MAX Town Center
Office Phone
(301) 637-9762
Agent Name
Lisa Sabelhaus

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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.