8804 1st Avenue, Silver Spring, MD 20910

$685,000
3
BD
3
BA
1,578
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$685,000
List Price
$699,900
Closing Date
Jan 16, 2024
Days on Market
5
Status
CLOSED
MLS#
MDMC2106512
Bedrooms
3
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,578
Lot Size (Acres)
0.34
Style
Colonial
Year Built
1939
County
Montgomery
School District
Montgomery County Public Schools

Property Description

Investor and Sweat Equity Buyers Dream House Awaits Rebirth in Silver Spring! Discover a prime investment opportunity at 8804 1st Ave, Silver Spring, MD. This property, nestled in a sought-after location, offers vast potential for savvy investors looking to reimagine and revitalize. Key Features: Location: Ideally situated in Silver Spring, enjoy urban conveniences while relishing a tranquil residential setting. Size and Structure: With a spacious layout of 2271 sq/ft spread out over three levels, this property beckons creative redesigns, presenting an open canvas for innovative transformations. This home is also situated on a very large lot of approx 15,000 sq/ft or almost 3/4 of an acre. Bump out or up potential galore and possible addition of an other building such as a home office, garage or artist studio. Be creative and let your architect make some suggestions. Investment Potential: Unlock the potential for a lucrative investment in a rapidly growing market, promising significant returns with strategic renovations. Wonder the local area and see what how similar homes have been renovated, updated and expanded. Surrounding Area: Close to local attractions, parks, shopping, and top-rated schools, enhancing the property's appeal for future buyers or renters. Why It's a Dream for Investors and Sweat Equity Homeowners: Renovation Opportunity: Embrace the challenge of remodeling this property, harnessing its blank slate to create a modern, captivating living space. Profit Prospects: Leverage the property's location and growth potential in Silver Spring for a promising return on investment. Resale/Rental Potential: After renovation, attract eager buyers or tenants seeking a stylish, revamped dwelling in this burgeoning area. Take advantage of this rare opportunity to breathe new life into this lovely property. Explore the endless possibilities of this property, and make your mark in the thriving Silver Spring real estate scene. Schedule a viewing today to unleash its full potential!

Additional Information

Subdivision
Woodside
Taxes
$6874
Interior Features
Kitchen - Galley
School District
Montgomery County Public Schools
Fireplaces
1
Flooring
Hardwood
Heating
Radiator
Heating Fuel
Natural Gas
Cooling
Window Unit(s)
Utilities
Cable TV, Multiple Phone Lines, Phone, Electric Available, Natural Gas Available
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RLAH @properties. Contact:

Selling Office: .