$499,900

7727 Carroll Ave

TAKOMA PARK MD, 20912

Description

Multiple possibilities abound in the 1948 home that once was a 3 unit multi-family and is now converted to a 2 story w/ partial basement + a separate rental 1BR on the basement level with separate side entrance. Property needs work, mainly on basement level where there is water infiltration at the rear basement unit. Sold strictly as is - short sale subject to third party (bank) approval. The main level has an updated and open granite/stainless kitchen overlooking a separate dining area and living room with wood floors and a wood burning fireplace! There is a main level bedroom and bathroom suite and another bedroom and den and bath on the main level. A huge east facing sunroom overlooks the rear yard - great for Summer entertainment and plants. Upstairs more wood floors and 3 big bedrooms + a den/workshop (can use this for another bathroom to make into an Owner's Suite), along with an updated full hall bathroom. The upper and main level was originally two separate apartments. There is another 1BR and den apartment on the lower level that was licensed until a year ago. If it is rented again it will not be under the Rent Stabilization Law provided the Upper Level is owner-occupied. The lower level needs some work but for a little investment, there's a lot of potential income. and it has a private entrance. The furnace (gas fired boiler giving radiator heat) was new in January 2018. There's 3 car parking in front and a curb cut for another driveway on the side street of Garland Avenue. The yard is a "Certifed Wildlife Habitat".It's a great location on the bus line, close by the future Purple Line and just over a mile from Takoma Metro Station. Sligo Park is a short walk away and the Cooperative and restaurants are near. The house needs some work but it's a lot of home for the money. Sold strictly in "as is" condition, inspections are welcomed. This is a short sale subject to third party lender approval. The law office of Jill Pogach Michaels will handle the short sale negotiations with the bank. 2 gas meters & 2 electric meters - basement needs work & need cash or renovation loan like FHA 203K. If you owner occupy main 2 levels & renovate the basement you will be exempt from City Rent Stabilization Law - this is likely highest and best use. Seller requests settlement with negotiating attorney office: Michaels Title & Escrow

Details

MLS#MDMC622992
Sub-TypeResale
StatusPending - Show
Year1948
Days On Site190

Features

SQ Feet3,088
Units2

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Area Information

StateMD
CityTAKOMA PARK
Zip Code20912
Listing VS Median (in 20912)
Price:
$499,900
low | high
Med:
$525,000
44.97899579916% of Average
SqFt:
3,088
low | high
Med:
844
100% of Average
$ / SqFt:
$162
low | high
Med:
$156
53.938133598284% of Average
On Site:
190
low | high
Med:
104.500000
100% of Average
Listing Updated: 09/16/2019
MLS Number: MDMC622992
Listing Provided By:
David L Maplesden  of  Long Foster Real Estate Inc.
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