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802 Dale Drive
Silver Spring, MD 20910
Erin Mara with Real Broker, LLC, original listing - (855) 450-0442
$1,089,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2809 Square Feet
Property Description
A rare gem on coveted Dale Drive! This charming storybook Tudor features unique and beautiful original detailing combined with energy efficient updates, plus a large rear addition and attached garage. Upon entering, the soaring hall with flagstone floor and overhead turret reveals all 3 levels of the home in a unique architectural twist featuring an upper balcony overlook. The spacious and bright living area’s original details include dual archway openings on either side of the oversized wood-burning fireplace, gleaming original hardwood floors and a vaulted cathedral ceiling with exposed beams - all of which opens onto an all-season Florida room with floor-to-ceiling windows looking onto the stone patio. Perfect spaces for entertaining or channeling your inner homebody. The newly renovated kitchen with Bosch stove and LED undercabinet lighting leads to the large dining room and offers a convenient second entry adjacent to the driveway and garage. Perfect for unloading the groceries. This level also features a bedroom and spa-like bath with radiant in-floor heating and lovely travertine tile surrounding a walk-in shower and oversized jacuzzi tub. On the upper level are two more bedrooms including the enormous, light-filled primary suite which features double closets and plenty of space for a home office plus dual sliders leading out to the newly refinished deck and a private screened porch overlooking the rear gardens and stone patio. The second upper level bedroom features two large windows bringing in plenty of light plus a unique adjacent second room that can double as closet, kid's hideout or whatever you can dream up. The nearly quarter acre lot is truly a park-like setting with mature plantings, dry-stacked stone walls and flagstone paving in front and rear. Even the window well has a stone wall surround. Updates include a brand new Navien high efficiency combination boiler and tankless hot water heater which provides instant hot water and radiant heat throughout the home, a newly renovated kitchen, and, in 2023, new washer and dryer and all new exterior drainage system. The primary bedroom and garage which can fit two cars tandem are additions to the home. Most of these homes don't have garages. 802 Dale Dr is perfectly located in the leafy quiet neighborhood of South Woodside Park just one block to Sligo Creek Park trails, tennis and playgrounds and a half mile to downtown Silver Spring and metro, Whole Foods, AFI Silver Theatre, The Fillmore, restaurants, and shopping. This home is perfectly situated and truly one of a kind. Open House Sunday October 20th, 1-4pm
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1934
MLS Number
--
Location
Address
802 DALE DRIVE
City
SILVER SPRING
State
MD
Zip Code
20910
County
MONTGOMERY (SOUTH)
Listing
Name
Phone
(301) 445-8525
Office Name
Office Phone
(855) 450-0442
Agent Name
Erin Mara
Agency Phone
(855) 450-0442

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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.