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Bethesda Real Estate Category

SOLD! 5618 Namakagan Drive

Sold in November 2014, close to Whole Foods, Starbucks, Giant, shopping, restaurants and the Capital Crescent Trail, this spacious 4-bedroom, light-filled home is an amazing buy! It’s located in the Mass Ave Hills neighborhood which is adjacent to Sumner. The excellent Bethesda schools include popular Woodacres Elementary, Pyle Middle School and Walt Whitman high school.  As of 10/6, it was the lowest priced single family home in the zip code 20816.

For Sale! 5618 Namakagan Dr off Mass Ave in Bethesda

Sold! 5618 Namakagan Dr off Mass Ave in Bethesda

List Price: $769,000

Features of this home:

  • Great neighborhood with easy DC commute options; walk to Capital Crescent Trail and close to shopping & restaurants
  • Updated windows throughout
  • Kitchen renovated in 2006
  • Sunroom addition overlooking a beautifully landscaped yard with flagstone patio and walkways
  • Light-filled home with spacious living room and formal dining room
  • Oversized 1+ or 2 car tandem garage plus expanded, level driveway
  • Generous storage options in large attic area, deep closets and roomy basement
  • Walk-up stairs to attic offer an easy access for future upper floor addition

See the floorplan and additional pictures here!

Call or email Brian and Amy Maury for details about the sale.  Listed by Maury Real Estate.  301-229-3652.

 

SOLD! 5309 Wehawken Rd, Bethesda

5309 Wehawken Rd, Bethesda

5309 Wehawken Rd, Bethesda

List Price: $2,095,000

Subdivision: Glen Echo Heights

Spacious backyard.  The lot is 12,000 sq. ft.

Spacious backyard. The lot is 12,000 sq. ft.

This luxury custom-built home is situated on a private & level 12,000 sq. ft. lot. Ideal for entertaining with gourmet kitchen open to a spacious family room with french doors to the backyard patio. Screened porch off the kitchen. Sumptuous master suite. Main floor office, lower level gym & au pair suite. Lots of storage! Over 6,400 sq.ft. with quality upgrades throughout!

Award-winning schools are Wood Acres Elementary, Pyle Middle School, and Whitman High School. Conveniently located near the Capital Crescent Trail, shopping, METRO bus and easy access to 495, 270 and downtown DC.  Sold in September 2014.

Gourmet kitchen ideal for entertaining!

Gourmet kitchen ideal for entertaining!

Spacious family room open to kitchen.  Walk-out to backyard and patio.

Spacious family room open to kitchen. Walk-out to backyard and patio.

Check out the virtual tour and additional photos!

Listed by Brian and Amy Maury, Maury Real Estate, 301-229-3652

SOLD! 5608 Overlea Road, Bethesda

5608 Overlea Rd Bethesda, MD

5608 Overlea Rd Bethesda, MD

Sold Price: $1,010,000

Subdivision: Sumner

Spacious yard . Rear-loaded garage.  Three-story addition.

Spacious yard . Rear-loaded garage. Three-story addition.

This 5-bedroom colonial in the sought-after Bethesda neighborhood of Sumner has been lovingly maintained. Charm abounds with its slate roof, stone exterior and beautiful lot.

The first floor of the home features a large formal living room with fireplace, screened porch, generous formal dining room, updated eat-in kitchen, a library/sitting room, powder room and a roomy new deck with steps to the level, deep backyard.  Upstairs you will find four bedrooms and two bathrooms, including the master bathroom with NEW walk-in shower. The basement contains a rec room and nice au pair suite/guest room with an additional full bathroom as well as a half bath plus a ton of storage space, including a one-car garage accessed from the rear of the home.

Award-winning schools are Wood Acres Elementary, Pyle Middle School, and Whitman High School. Conveniently located near the Capital Crescent Trail, Whole Foods, Westbard shopping center and an easy commute to DC.  Sold in September 2014.

Check out the virtual tour and additional photos!

Listed by Brian and Amy Maury, Maury Real Estate, 301-229-3652

The Rich History of Our Town Bethesda

This 15 minute video on the history of our town, Bethesda, is worth a watch!  You’ll learn about some famous people behind the street names you recognize in the area such as Lilly Stone, Tuckerman, Leland and more.  You find out about the New Deal and how Bethesda benefited from it and see the old and new photos of significant historic buildings and icons of our town, including the oldest office building still standing, the oldest road in Montgomery County and the Madonna of the Trail.  Narrated by a Bethesda native, Mr. Offutt offers a charming yet informative overview of the rich history of our town.  Enjoy!

SOLD! 5518 Westbard Ave, Bethesda

5518 Westbard Ave, Bethesda

5518 Westbard Ave, Bethesda

Just steps to Whole Foods, Starbucks, Giant, shopping and restaurants, this spacious 5-bedroom, light-filled home sold in spring 2014.  It’s located in the Westwood neighborhood which is adjacent to Springfield.  The schools include popular Woodacres Elementary, Pyle Middle School and Walt Whitman high school.

List Price: $789,000

All New Kitchen!

All New Kitchen!

Features of this home:

  • ALL NEW KITCHEN (2014) including stainless steel GE appliances, Cambria quartz countertops, painted Maple cabinets, new fixtures, faucet, sink, new window and new hardwood floor.
  • Spacious floorplan with 3 bedrooms on the main level including en suite master bedroom.  Hardwood floors throughout main level.
  • Generous formal dining room and living room with wood burning fireplace.
  • FRESHLY PAINTED interior throughout!
  • Large recreation room with fireplace and two bedrooms on the lower level.
  • Separate entrance from the driveway to the lower level of the home!
  • One-car attached garage with opener.
  • Amazing location!  Sidewalks and easy stroll to shopping, Whole Foods, METRO bus, and Capital Crescent Trail.

Check out pictures!

Listed by:  Brian & Amy Maury, Maury Real Estate, 301-229-3652

 

 

 

SOLD! 7529 Heatherton Lane, Potomac, MD

7529 Heatherton Lane

7529 Heatherton Lane, Potomac Listed by Maury Real Estate

SOLD! Rarely available end-unit townhome conveniently located near Cabin John Shopping Center and Mall.  

List Price: $649,500

Year Built: 1984; Taxes: $6,334 (Est. FY15 Tax)

Subdivision: Inverness Knolls HOA Fee: $148/mo.

Features of this home:

  •  Rarely available Ashley end-unit backing to common area with four bedrooms and two full baths upstairs.
  •  Kitchen features updated stainless steel appliances, ceramic tile flooring, and peninsula seating adjacent breakfast area with large bay window.
  • Covered front porch overlooking community common area with recent upgrades (‘13): front entry door, entry lighting, flagstone walkway and wrought iron railings.
  • Additional recent upgrades include: new roof (‘06), kitchen updates (‘06), Bryant/Carrier heat pump (‘08), half bath (‘06), lower level full bath (‘07), basement carpeting (‘14), landscaping and fencing (‘11), basement Andersen French doors (‘12), windows (‘09).
  • Conveniently located adjacent the Cabin John Shopping Center and Mall featuring Giant Food, Starbucks, CVS Pharmacy, Dunkin Donuts, McDonald’s Baskin Robbins, restaurants and specialty stores.
  • Community features a large pool with swim lanes and baby pool, gated tennis courts, playground with equipment, and hiking path around the community.

Check out pictures and the floor plan on the Virtual Tour.

SOLD! 5128 Scarsdale Rd, Bethesda

Sold in 2014!   Ideally located off Massachusetts Ave in the popular Sumner Neighborhood, this split colonial home was a rare find!

5128 Scarsdale Rd, Bethesda Listed by Maury Real Estate

5128 Scarsdale Rd, Bethesda Listed by Maury Real Estate

  • List price: $949,500
  • 12,000+ sq. ft. lot!
  • Two-car attached garage
  • Spacious formal living and dining rooms
  • Four bedrooms, 2 full baths and 2 half baths
  • New roof and gutters
  • Main floor office or sunroom
  • Woodacres Elementary, Pyle Middle and Walt Whitman High Schools
  • Walk to shops, close to METRO,Ride-On bus and very close to the Capital Crescent Trail!

Check out pictures and the floorplan on the Virtual Tour.

 

Sold with multiple offers! 5216 Carlton Street, Bethesda, MD 20816

  • 5216 Carlton Street

    5216 Carlton Street

    List Price $1,249,000

  • Builder’s personal residence
  • Sweeping Contemporary style home
  • 3,500 sq. ft. on 3 levels
  • 2 Car Garage
  • 9’+ ceilings
  • 4 gas fireplaces
  • Floating wood and glass staircase
  • Open floor plan with kitchen to family room
  • Screened porch and flagstone patio
  • Upper floor balcony
  • Master suite with sumptuous master bath
  • Private fenced backyard
  • Estimated FY15 Property Taxes: $7,905

Click here for virtual tour!

This is a one of a kind home!

Brian Maury, Broker

(301) 325-4914

Maury Real Estate (301) 229-3652

 

Bethesda Real Estate – Home Prices Climb

Prices

MRIS: Detached Average Home Prices

I ran into an old client of ours recently and, after sharing the status and accomplishments of our children (and marveling at where the time has gone), she asked, “The real estate market must be pretty good for you right now, . . . right?” I replied with a wry smile “Yes . . and . . . no.” 

Yes it’s true the real estate market has recovered locally -and quite dramatically so.  Statistically our market peaked in late 2007 with the average selling price of a detached home in Bethesda reaching $1,052,368.  As of the end of July 2013 the average price of a detached home in Bethesda was $1,026,709, just $25,000 below the highest peak ever in the history of mankind!  By way of comparison the interest rate on a 30-year fixed-rate conforming loan in late 2007 was just over 6% back then, almost 2% higher than today’s mortgage interest rate.  Is the market “good” right now?  If you are selling your home it sure is.  Home prices are up over 11% from the bottom of the market in 2009.

How about if you are buying a home?  The decline in mortgage interest rate from 2007 to 2013 translates into a savings of over $278,000 in interest costs on a $625,500 mortgage (that’s the “agency jumbo” limit for high cost areas like ours) over 30 years.  That’s some serious money and for us the single most enticing factor for people considering buying a home right now. So how could I possibly qualify my answer with a “No” about the real estate market?

The market is tough in our area for trade-up and first-time home buyers.  Inventory, the amount of available homes for sale, is extremely tight.  Competitive bidding wars are common on well-priced property, especially at or below the median price (middle point) of the market.  Interestingly the median price is $889,000 for a detached home in Bethesda, UP 2.3% since 2007.  There is “compression” in the market.  Demand at the mid point and below is higher than the upper ranges of the market (say homes listed over $1.5M+) and competition can be fierce.

We’ve been working with buyers across all price ranges in the Bethesda area and recently a home one of our clients was interested in had 16 offers come in!  We recently helped a couple secure another home that had multiple offers but it required them to bid nearly $60,000 over the asking price to secure it.  Is that a good market for a buyer?  The answer is “no”, given the competition so often experienced, but the “prize” in this market remains securing a historically low interest rate so that helps mitigate the pricing escalations we are seeing.  Buyers however are doing the math and realizing that long-term interest rates may have a much more severe impact on them financially (see chart below for the recent trend in conforming loan rates, loans amounts below $417,000, for 30 year fixed-rate loans).

FreddieMac: 30-Year Fixed-Rate Conforming Loans

For example, we are helping a couple look for a home right now and as their buyer’s agents we have been using creative strategies to find homes that are not on the market yet. We found such a property and helped our clients make what we believed was a great offer.  However, the owners were not quite motivated to move and delayed responding to the offer for over a month.  In the meantime interest rates climbed sharply, especially after the Fed Reserve Chairman announced that the Fed may begin tapering off the stimulus the Fed has been injecting into the economy since the financial crisis began.  The net result was an increase in interest rates from around 3% to 4.375% since the time we started looking for a home.  That increase in rates, in our client’s case, translates into an additional $175,000 in interest costs over 30 years!  Given the financial impact,  these prospective buyers have begun to question whether the offer they made a month ago was still appropriate.  More over they have begun to wonder if they shouldn’t consider a lower price point.

This is why interest rates are such a big deal and why a rise of just 1% can have a big impact on our market and overall pricing.  As rates rise the cost of owning a home skyrockets and the number of people that can afford our expensive Bethesda homes begins to contract.  Interest rates will be a good barometer for the strength of housing in our area in the coming months.  Rising rates will have a dampening effect on pricing and should increase the overall level of inventory (we are already seeing this in outer Montgomery County where inventory has climbed steeply).  While the general media focuses on the positive news around the country on housing (and to be sure there’s a lot of good news), Amy and I have our pulse on the market and are feeling the frustration and fatigue many of our prospective home purchasers are having right now trying to secure a home in our market.  The business of real estate is hard right now in many respects.

Bottom-line:  It’s a great time to sell and still a very good time to buy…IF you can find and compete for the right home!

We are here to help so please think of us if you know of anyone considering the sale or purchase of a home.  We can help guide them through a successful transaction.

 

Mid-Year Bethesda Real Estate Update

WebBriAmy2

Brian and Amy Maury
Maury Real Estate
Contact: 301-229-3652

Our local real estate market has improved significantly this year following the same trend that been occurring around the country.  Here are some of the statistical highlights for the period ending June 30, 2013 in Bethesda (zip codes 20814, 20816, and 20817):

Detached Homes:

  • 414 detached homes have sold so far this year
  • Average detached home price in Bethesda is $1,031,359
  • Average detached home price increase in 2013 = +8.93%

Townhomes:

  • 47 townhomes have sold so far this year
  • Average townhome price in Bethesda is $729,769
  • Average townhome price increase in 2013 = +5.82%

Condominiums:

  • 108 Condominiums have sold so far this year
  • Average condo price in Bethesda is $384,807
  • Average condo price increase in 2013 = +5.51%

The average detached home price is now just $20,000 below the all-time average price set in 2007 before the “great recession” started.  If you are considering the sale of your home now is an excellent time to do so.  The supply of available housing is down significantly which sometimes results in a competitive bidding situation for well priced homes (similar to the market we experienced from 2004-2006).  Interest rates have been climbing recently but are still at historically low levels making home purchases still very affordable (even at higher prices).  The Federal Reserve has indicated that as the economy continues to improve it will begin to wind down the economic stimulus it has been providing to the mortgage market and further increases in interest rates will likely result.  Again, if you are considering selling or buying, NOW is an excellent time to enter or exit the market.

If you are ever in need of assistance and advice regarding your home and the current real estate market, please do not hesitate to call us. You can be assured that your needs will be met with the utmost integrity and professionalism.

SOLD! 5314 Yorktown Rd., Bethesda

5314 Yorktown Rd, Green Acres Neighborhood, Bethesda

5314 Yorktown Rd, Green Acres Neighborhood, Bethesda, Listed by MAURY REAL ESTATE

We recently helped our clients sell this charming home in the popular Green Acres community of Bethesda.  Situated within about a 1 mile radius of Friendship Heights METRO and shops, walking distance to the Capital Crescent Trail, Whole Foods and Westbrook Elementary, the home is ideally located!

  • List price: $799,000 (multiple offers received!)
  • Two-story addition with family room and master suite
  • Three bedrooms, 2.5 baths
  • Screened porch and nice fenced yard
  • Awesome location!

Check out pictures and the floorplan on the Virtual Tour.

Bethesda Real Estate is Hot!

As I am sure you may have heard on the news and read in the paper, real estate is back!  As professional agents, Brian and I are hearing comments from people that it must be a great time to be in real estate.  Well, the market has certainly surged again and it’s nice that we no longer have to comfort sellers who were unable to sell their homes for an acceptable price as we did during the dog days of the  Great Recession; however, now it’s the buyers that need comfort and encouragement!  It’s pretty tough to find a home right now in Bethesda…and when they do finally settle on one, they often find themselves in competition for the purchase.

A Bethesda Home selling in the $1.4 million range

A Bethesda Home selling in the $1.4 million range

Here is snapshot of the market today, May 13th, 2013 in Bethesda according to MRIS (Metropolitan Regional Information System) – our local MLS:

  1. There are 183 single family, detached homes available for sale.
  2. The average price is a whopping $1,695,732!  The median price is $1,375,000.
  3. Of the 183 homes for sale, there are only 54 priced below $1 million dollars right now!
  4. In April 2013, 62 homes sold or went under contract priced below $1 million.

See the picture?  We have less than one month of home sale inventory below $1 million.  That means more homes are currently selling in a month than are being listed in that price bracket.  In the range north of $1 million, we have about a 2-3 month’s supply of inventory, according to the multiple listing service.  Of course inventory is boosted in that range by builders who have come back into the market, actively removing old dilapidated homes from lots and rebuilding brand new homes, typically in the range of 5,000+ square feet in size.

If you’re thinking of selling a home in Bethesda, it’s definitely a great time to do so.  We offer a complimentary market analysis, at your request.  If you’re thinking of buying, let’s talk about a home buying strategy.  We have been helping clients buy homes that are not yet listed for sale where possible.  A pro-active plan is often the best approach!  With interest rates so low, it’s still a great time to buy even though inventory is tight.

Stay tuned for more real estate updates and in the meantime here is a list of the current homes for sale in Bethesda (updated daily):

  1. 4 beds, 4 baths
    Lot size: 11,077 sqft
    Year built: 1957
    Days on market: 0
  2. 5 beds, 5 baths
    Home size: 4,464 sq ft
    Lot size: 15,000 sqft
    Year built: 1977
    Days on market: 0
  3. 4 beds, 3 baths
    Lot size: 12,662 sqft
    Year built: 1961
    Days on market: 1
  4. 3 beds, 2 baths
    Lot size: 11,914 sqft
    Year built: 1956
    Days on market: 1
  5. 3 beds, 3 baths
    Home size: 1,750 sq ft
    Lot size: 5,308 sqft
    Year built: 1938
    Days on market: 1
  6. 5 beds, 3 baths
    Lot size: 14,285 sqft
    Year built: 1962
    Days on market: 1
  7. 5 beds, 3 baths
    Home size: 2,703 sq ft
    Lot size: 9,875 sqft
    Year built: 1960
    Days on market: 1
  8. 5 beds, 4 baths
    Lot size: 6,599 sqft
    Year built: 1939
    Days on market: 1
  9. 5 beds, 4 baths
    Lot size: 11,454 sqft
    Year built: 1940
    Days on market: 1
  10. 4 beds, 3 baths
    Lot size: 7,486 sqft
    Year built: 1973
    Days on market: 1
  11. 4 beds, 3 baths
    Home size: 4,450 sq ft
    Lot size: 38,821 sqft
    Year built: 1951
    Days on market: 1
  12. 5 beds, 5 baths
    Lot size: 16,501 sqft
    Year built: 1959
    Days on market: 1
  13. 5 beds, 5 baths
    Home size: 6,099 sq ft
    Lot size: 24,999 sqft
    Year built: 1988
    Days on market: 1
  14. 7 beds, 6 baths
    Home size: 5,238 sq ft
    Lot size: 5,999 sqft
    Year built: 2007
    Days on market: 1
  15. 4 beds, 5 baths
    Lot size: 20,138 sqft
    Year built: 1963
    Days on market: 2

See all Detached Homes Bethesda.
(all data current as of 6/23/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Bethesda Real Estate Snapshot – March 20, 2013

Brian and Amy Maury

We know Bethesda Real Estate!

Spring is in the air!  Flowers are beginning to sprout up all over and so are homes for sale in Bethesda…well, not really.  Let me explain.

There has been a lot of talk in the news about the real estate market fueling some of our economic recovery and admittedly, we are seeing rapid-fire sales in our market place.  Lenders are lending again, buyers are definitely buying and homes are selling – quickly in some cases!

According to the Metropolitan Regional Information System (MRIS), Bethesda has experienced only a 0.1% increase in contracts signed in February 2013 versus February 2012.  However, the statistically interesting point is that there are 34.4% fewer homes actively listed for sale than last year.  The market is rapidly absorbing the available inventory of homes.  As a result, we are witnessing very quick sales, multiple offers and a vigorous real estate climate, especially for homes that show well and are priced appropriately.

Let’s look at things from another perspective.  In Bethesda, there have been 208 homes and condos listed for sale from the period of February 1, 2013 – March 20, 2013.  Since that time almost 50% of those 208 homes have received contracts and are either sold or they are currently pending settlement.  The homes that are under contract (86 of the 208) were listed for a median time period of only 9-10 days.  Like I said, the good ones are going fast!

There are 10 homes that have settled already.  Incredibly, the median amount of time they were on the market was 1 day (yes, ONE) day!  Six of those 10 sold homes were sold for at or above their asking price.

Some speculate that this strong market activity is a result of continued low interest rates.  Some say we have a housing shortage developing.  There are many other assumptions and speculations regarding the market surge.  Perhaps it’s simply that spring is in the air.  Let us know your thoughts on the matter.

If you live in or around Bethesda are thinking about selling, this is a great time to consider it.  If you’re buying a home, get loan pre-approval, get in touch with your favorite real estate agent(s) and go see homes as soon as they hit the market.  The best ones are selling quickly!  We have been helping some buyers secure homes that have not yet hit the open market.  If you’re interested in getting these notices, let us know by visiting our CONTACT page.

Here is a list of homes for sale in Bethesda:

  1. 1 bed, 1 bath
    Home size: 981 sq ft
    Year built: 1973
    Days on market: 0
  2. 4 beds, 4 baths
    Lot size: 11,077 sqft
    Year built: 1957
    Days on market: 0
  3. 5 beds, 5 baths
    Home size: 4,464 sq ft
    Lot size: 15,000 sqft
    Year built: 1977
    Days on market: 0
  4. 7 beds, 6 baths
    Home size: 5,238 sq ft
    Lot size: 5,999 sqft
    Year built: 2007
    Days on market: 1
  5. 4 beds, 3 baths
    Home size: 4,450 sq ft
    Lot size: 38,821 sqft
    Year built: 1951
    Days on market: 1
  6. 3 beds, 2 baths
    Lot size: 11,914 sqft
    Year built: 1956
    Days on market: 1
  7. 5 beds, 5 baths
    Lot size: 16,501 sqft
    Year built: 1959
    Days on market: 1
  8. 5 beds, 4 baths
    Lot size: 6,599 sqft
    Year built: 1939
    Days on market: 1
  9. 5 beds, 5 baths
    Home size: 6,099 sq ft
    Lot size: 24,999 sqft
    Year built: 1988
    Days on market: 1
  10. 1 bed, 1 bath
    Home size: 535 sq ft
    Year built: 2007
    Days on market: 1

See all Real estate in the city of Bethesda.
(all data current as of 6/23/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Step into History while you Enjoy a Sandwich

Wagshals Deli Spring Valley

Wagshals Deli Spring Valley

One of the great benefits of living in Bethesda is the proximity to Washington D.C. and all that the Metro area has to offer.  Today reminded me of that perk.  Brian and I were out touring homes for sale during Tuesday Broker’s Open Houses in Bethesda and afterward popped into Spring Valley for lunch.  We decided to grab a bite at Wagshal’s Delicatessen located at 4855 Massachusetts Ave NW, Washington DC 20016.

Wagshal’s has been a staple in D.C. since 1925 when the founder, Sam Wagshal and his then 13-year-old son, Ben started their first shop.  Wagshal’s is woven into our history books as many a President, Supreme Court Justice and celebrity have become regular customers!  Presidents George H.W. Bush, Gerald Ford, Richard Nixon and Dwight D. Eisenhower were Wagshal’s customers, among other famous names they list on the story board out front.  I loved to learn that Wagshal’s was the first to apply for a beer license in DC after prohibition.  That Mr. Wagshal knew his customers well and didn’t waste any time delivering just what they wanted!

Soup Bar at Wagshals

Other than its noteworthy clientele, the place is famous for its prepared foods, extensive wine selection (also noticed some nice whiskeys and brandys today), fresh sandwiches, pastries, and cakes.  They also offer outdoor tables so you can sit right down and enjoy your fares.  I indulged in the soup bar today which offers four different selections daily.  The cream of broccoli was delicious!  Brian met someone in line today who said they lost 60-pounds eating Wagshal’s chicken noodle soup every day!  Now there’s a testimonial for you!

SOLD! 4932 Sentinel Dr. #204, Bethesda

 

4932Sentinel#204

 

 

 

 

 

 

 

We recently helped our clients obtain multiple offers on this sun-filled condominium in Sumner Village.

  • List Price $499,000 with multiple offers!
  • Sumner Village Condominium
  • Virtual Tour
  • 2 Bedrooms
  • 2 Bathrooms
  • 2 Car-tandem parking
  • Beautifully updated kitchen and baths

What can we help you sell?