News From GCAAR

September 11, 2014

Prices Steady; Sales Decline Across the Region  

Condo and Single-Family Inventory Rises in Both Jurisdictions; 
Days on Market Increase in Montgomery County 

 

Prices rose slightly for condos and single-family homes in the District of Columbia and Montgomery County in August but inventory continued to rise. Contract and settlements also declined in both jurisdictions.

 

Washington, DC

The average days on market was down 5.1% compared to August 2013. The median price for condos rose 0.2%, with single-family homes increasing by 4.2%. Inventory increased 23% for condos, and 11% for single-family homes. Contracts dropped 8.9% and 6.8% respectively for condos and single-family homes. Settlements also decreased: 16.2% for condos, and 4.3% for single-family homes compared to August 2013. 

 

Montgomery County

The average number of days on market was up 12.2% from August 2013. Median condo prices saw a 2.3% increase, and the price of single-family homes rose by 1.9%. The amount of available inventory increased in August, with a 34.3% increase for condos and an 48.4% increase for single-family homes. The number of contracts decreased for condos and single-family homes, 6.7% and 11.9%, respectively. Settlements dropped for condos, 6.3%, and single-family homes, 7%, compared to August 2013.   

 

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Nall Home Partner's September E-News Letter

Nall Home Partner's September E-News Letter Click Here To View Our E-News Letter

New Listing! Wow! Storybook colonial almost too good to be true in popular Rock Creek Forest.

2635 COLSTON DR, CHEVY CHASE, MD 20815

List Price:  $825,000

Click Here for the Virtual Tour

Barbara Nalls and Long and Foster Real Estate are very pleased to welcome you to this wonderful opportunity to own this stylish expanded colonial home on one of the prettiest streets in popular Rock Creek Forest. Nestled among the lovely mature trees for which the neighborhood is famous, this home boasts three large bedrooms, two full bathrooms upstairs as well as two half baths; a large formal living room that retains the charm of the original home; a generous formal dining room with crown and chair rail molding; the perfect family room addition with pitched ceiling, skylights, big windows and a wood burning stove; a renovated kitchen with Corian counter-tops, tile backsplash, stainless steel appliances and custom cabinetry; a main level powder room and an attached garage. Upstairs there are two full baths and three sizeable bedrooms, including the master bedroom which features three closets, including a linen closet; the lower level boasts a cozy playroom, a half bath, and large laundry room with lots of storage space. Outside there’s a beautiful flagstone patio and complementary landscaping. Best of all, at 2,350 square feet of living area, it’s a home you need never grow out of – a perfect place to put down roots whether you are just starting out or ready to “move up” in the neighborhood and want to save yourself the hassle of remodeling – the family room addition is already done! All this and the comfort and convenience of wonderful Rock Creek Forest - with it’s fantastic location, amenities and sense of community. It’s one of the very best values in Montgomery County!

 ..Welcome Home!

MAIN LEVEL.........

• Welcoming covered ENTRY PORCH

• Inviting formal LIVING ROOM with traditional brick fireplace and mantle, parquet floors, and bay window

• Formal DINING ROOM with parquet floors, crown and chair rail molding, and modern chandelier

• Bright dramatic FAMILY ROOM with large architectural windows, pitched ceiling, skylights, cast iron wood burning stove, exposed brick wall, plantation shutters, ceramic tile flooring, and sliding glass door opens to the backyard and flagstone PATIO

• RENOVATED KITCHEN with Corian countertops, stainless steel appliances, tile backsplash, recessed lighting, ceramic tile flooring and access to Patio

• Adjacent POWDER ROOM

• Attached GARAGE

• COAT CLOSET

UPPER LEVEL.........

• Spacious MASTER BEDROOM with three closets, overhead lighting, wood flooring and custom blinds

• Updated FULL BATH with large shower with glass door, built-in wall cabinet and window

• BEDROOM #2 with hardwood floors, switched overhead lighting, natural light and a generous closet

• BEDROOM #3 with hardwood floors, track lighting, and two exposures

• HALL CLOSET

• FULL BATH with jetted soaking tub, pedestal sink and window

• LINEN CLOSET

 

LOWER LEVEL.........

• Versatile open PLAYROOM with ceramic tile flooring and overhead lighting

• Huge LAUNDRY / STORAGE ROOM with double utility sink, Samsung energy efficient washer / dryer, ample storage space with lots of built-in cabinetry, and access to backyard

• HALF BATH

 

ADDITIONAL FEATURES.........

• Natural gas heat

• Electric central air conditioning

• Natural gas hot water

• Public water and sewer

• Family room addition

• Electric alarm

• Flagstone patio

• Anderson front storm door

• Skylights and portal window

• Attached garage

• Brick paver driveway

 

Estimated property tax & non-tax charges in the first full fiscal year of ownership is $6,452.79

Year Built: 1947

Lot:  30                Block: H
Lot Square Feet: 6212
Living Area (Per Truplace): 2,350 Square Feet
Legal Subdivision: Rock Creek Forest

Schools: Rock Creek Forest Elementary, Westland Middle School, Bethesda Chevy Chase High School (International Baccalaureate Program)

New Listing! Open This Sunday 9/14 1-4 PM! Big, Bright, Beautiful Byeford Split Renovated Top to Bottom!

4116 SAUL RD, KENSINGTON, MD 20895
List Price:  $789,000

 

Click Here to View the Virtual Tour

 

 Barbara Nalls and Long & Foster Realtors are pleased to present this large 4 bedroom, 3 full bathroom, split-level home in the highly sought after Kensington neighborhood of Byeforde.  A warm first impression is made by the open floor plan of the main level’s living room, dining room, and sun-filled updated kitchen. Upstairs there are three bedrooms and two full bathrooms, including the master bedroom with its private full bathroom. The lower level offers a walk-out level family room with brick fireplace, fourth bedroom, and full bath.  This bright, spacious, home sits on a 9,600 square foot lot, with complementary landscaping, two car garage, a large deck, patio and hot tub!  This ideal location puts you within minutes of downtown Bethesda, Historic Kensington, shopping, parks, coffee shops, the MARC  Train, and Metro’s Red Line.  

 

MAIN LEVEL.........

• Welcoming ENTRY FOYER with coat closet

• Sun-drenched formal LIVING ROOM with handsome refinished hardwood floors, traditional fireplace with mantle and stone threshold, and access to back deck

• Open DINING ROOM with hardwood floors, natural light, opens to living room and kitchen

• Updated KITCHEN with stainless steel appliances, large island / peninsula counter top, tile backsplash, gas cook-top, recessed lighting, rich cabinetry, and ceramic tile flooring

 

UPPER LEVEL………

• OWNER’S SUITE: large Master Bedroom with wood flooring, two exposures, switched overhead lighting / ceiling fan, two closets, and a MASTER BATH with shower and window

• BEDROOM #2 with hardwood floors, switched overhead lighting / ceiling fan, good light and closet

• BEDROOM #3 with hardwood floors, switched overhead lighting / ceiling fan, two windows and closet

• HALL BATH with bath tub and window

• HALL LINEN CLOSET

 

LOWER LEVEL.........

• Versatile oversized naturally lit FAMILY ROOM with new wall to wall carpet, brick fireplace, overhead lighting, with access to garage and back patio

• Freshly painted FULL BATH with ceramic tile floor and shower

• BEDROOM #4 with new wall to wall carpet, overhead lighting, and generous closet space

  

GARAGE LEVEL………..

• Two car GARAGE with automatic door opener and work bench area

• LAUNDRY / UTILITY ROOM with storage space and access to backyard and hot tub

 

ADDITIONAL FEATURES.........

• Natural gas heat, electric central air conditioning and supplemental ceiling fans

• Public water and sewer

• New carpet in family room and fourth bedroom

• Newly refinished wood floors on main and upper level

• Freshly painted throughout

• Large rear deck

• Hot tub

• Attached garage

 

Estimated tax and non-tax charges for first fiscal year of ownership $7,506.34

Lot: 5

Block: F

Built In: 1955

Lot Size: 9,600 Square Feet

Legal Subdivision: Byeforde

Living Area: 2,700 square feet (per Truplace)

 

Rosemary Hills Elementary, North Chevy Chase Elementary, Westland Middle School, Bethesda-Chevy Chase High School - (International Baccalaureate Program)

Why It Pays to Be a Home Owner

DAILY REAL ESTATE NEWS | TUESDAY, SEPTEMBER 09, 2014

Home owners are building net worth at a pace that is up to quadruple that of a renter.

Click Here to Read Full Article From DAILY REAL ESTATE NEWS

Wow! Sparkling true 5/6 BR 3 +2 BA col on one of prettiest streets in Chevy Chase Terrace!

Click Here To View the Virtual Tour

4809 CHEVY CHASE BLVD, CHEVY CHASE, MD 20815

List Price:  $1,299,000

 

Beautifully appointed and expanded colonial located in Chevy Chase Terrace. Originally built in 1947, with a major addition and recently completed full renovation, this property creates the perfect combination of old world charm and luxurious modern family living space. Exquisite finishes, handsome moldings, built-in millwork, gleaming refinished wood floors and other superb architectural details throughout.  This home offers a formal living room, elegant dining room with delightful moldings.  On the main floor this home offers a newly renovated granite kitchen, a large sun-drenched family room addition with inviting views, mudroom area with exterior entrance, huge closet and stone inlay, a powder room, and an office suite with private bath and view of front yard. There are five bedrooms and two full baths on the upper level, including a luxurious master bedroom suite with large master bath and oversized walk-in closet. The lower level features a playroom, a half bath, wonderful storage closets and a workout / yoga room with ample storage. The captivating grounds of this home have been meticulously cared for; the yard has mature flower beds with colorful plantings, a front brick pathway, stone accents and two patios. The home is complete with a deep private driveway, and detached two car garage.  The studio above the garage has a full bath, wet bar, washer and dryer, patio, and large closet.    Ideally located near schools, library, shopping, coffee shops, Metro, the Crescent Trail, Friendship Heights, and vibrant downtown Bethesda, this is the one you've been waiting for . . . Welcome Home!

 

ADDITIONAL AMENITIES:

•         New renovated granite kitchen

•         Large pantry with cedar closet

•         6 bedrooms and a separate in-law suite

•         Custom millwork

•         Two Patios

•         Detached two car garage

•         Studio over garage with full bath

•         Natural gas forced air heating

•         Lots of Storage

•         Central air conditioning

•         Public water and sewer

 

SPECIFICS:

• Price: $1,299,000

• Lot: 55 Block: G

• Lot Size: 6,350 square feet

• Living Area: 3992 square feet (per Truplace)

• Subdivision: Chevy Chase Terrace

• Year Built: 1947

Schools: Somerset Elementary, Westland Middle School, and Bethesda-Chevy Chase High School (International Baccalaureate Program)

 

Estimated tax and non-tax charges in the first fiscal year of ownership $12,532.15

Immaculately maintained, beautifully updated large 3 bedroom, 3 full bath rambler on one of the prettiest streets in wonderful Rock Creek Forest!

 

 

Click Here To View the Virtual Tour

 2917 TERRACE DR, CHEVY CHASE, MD 20815

List Price:  $710,000

Barbara Nalls and Long and Foster Real Estate are very pleased to offer this exciting opportunity to own a very special, immaculately maintained, three bedroom, three full bath rambler with an in-ground pool in wonderful Rock Creek Forest. Flooded in light by expansive windows, the home boasts a gorgeous renovated granite kitchen, a light-filled living room with a brick fireplace and bay window, an open formal dining room, a delightful sunroom with an exposed brick wall and three walls of windows, a spacious master bedroom with wonderful closet space and renovated bath, and two additional generously sized bedrooms. A renovated hall bath, a foyer coat closet and deep linen closet complete the main level. The walk-out lower level is completely finished with a sizeable family room with wet bar, a large full bath, and a huge laundry / storage room. The captivating grounds of this home have been meticulously cared for; the backyard features a gorgeous in ground Maryland pool, an all season jetted hot tub with a Loop Loc cover, a two level deck, an expansive brick paver patio and two sheds, and extensive landscaping including colorful pink and white Crape Myrtles, Blue Hydrangeas, beautiful Peonies, Liriope, French Lilacs, Rose of Sharon and many more extraordinary mature plantings. All this and the comfort and convenience of wonderful Rock Creek Forest, with its fantastic location, amenities, and strong sense of community.  In absolutely pristine condition with so many upgrades – this house is one of the very best values in Chevy Chase. . . . Welcome Home!           

ADDITIONAL FEATURES.........

• Natural gas heat and electric central air conditioning

• Programmable Honeywell thermostat

• Whole house attic fan with automatic temperature control

• Electric alarm system

• Upgraded electrical panel 220 amp

• Covered front porch with wood ceiling

• Security storm door

• Metal front door

• Flood lights on front and rear of the house

• Wood floors under carpeting on main level

• New roof installed 2013

• Energy efficient windows (first floor windows with custom wood trim)

• Pre-wired for Verizon DSL

• In-ground pool, two level deck, brick paver patio, two sheds, built-in hose stand, and dual entry rear fenced yard           

* Estimated tax and non-tax charges for first fiscal year of ownership $ 6,408.74

Lot: 5

Block: 3

Lot Size: 9,543

Living Area (Per Truplace): 2,550

Legal Subdivision: Rock Creek Forest

Year Built: 1953

Schools:

Rock Creek Forest Elementary
Westland Middle School
Bethesda Chevy Chase High School

 

Live in Rock Creek Forest!

The home is perfectly situated close to the popular neighborhood swim and tennis club and convenient to shops, restaurants, Metro and Rock Creek Park with its hiking / biking trails, ball fields and wonderful Candy Cane City playground. Commuting is a breeze with quick and easy access to both DC (via Connecticut Avenue, Beach Drive or 16th Street) and to I-495 / I-270. All just minutes away from downtown Bethesda’s and Silver Spring’s restaurant and entertainment centers. Rock Creek Forest is fast becoming THE alternative for discriminating buyers looking for convenience, a friendly community atmosphere and the award-winning Bethesda-Chevy Chase cluster schools.