$825,000
$825,000
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320 LINCOLN AVE Takoma Park, MD 20912
4 Beds
2 Baths
1,632 SqFt
Key Details
Sold Price $825,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,632 sqft
Price per Sqft $505
Subdivision Takoma Park
MLS Listing ID MDMC2065718
Sold Date 10/07/22
Style Craftsman
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,632
Originating Board BRIGHT
Year Built 1913
Annual Tax Amount $7,821
Tax Year 2021
Lot Size 10,000 Sqft
Acres 0.23
Property Description
Purchase this $825,000 home with only a $495,000 mortgage loan! You read that correctly! Buyers of this home must be first-time home buyers at or below 120% of the median area income based on family size. The City of Takoma Park and the seller are providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 25 YEARS 2nd and 3rd trusts for up to $330,000. ($495,000 + $330,000 = $825,000). This is not a gimmick, it's a once in a lifetime opportunity to own a $825,000 home for the monthly cost of a $495,000 home. And buyers can use whatever lender they want for the $495,000 mortgage loan!
Fully renovated is an understatement! A second floor has been added to this stately Takoma Park home, doubling the square footage! This 4 bedroom, 2 full bath home has been renovated from top to bottom by professional licensed contractors, with a brand new kitchen, new appliances, new bathrooms, new paint and flooring throughout, a new deck, new windows, new doors, new HVAC, a new roof, new Hardieplank siding, etc. With brand new landscaping and an inviting front porch, this home has great curb appeal. Enjoy the wide open living level with a bedroom and full bathroom and access to the back deck that overlooks the private back yard. Upstairs, there are three more spacious bedrooms and another full bath. The basement is unfinished and offers lots of storage space. The concrete driveway has space for two cars! This home has it all! Buyer(s) are required to take homeownership counseling. Ask your real estate agent for details, all needed information is available to agents in documents section of the MLS.
ATTENTION AGENTS: CALL LISTING BROKER WITH QUESTIONS. DO NOT CALL SELLER DIRECTLY!
Location
State MD
County Montgomery
Zoning R60
Rooms
Other Rooms Living Room, Bedroom 2, Bedroom 4, Kitchen, Bedroom 1, Storage Room, Bathroom 3, Full Bath
Basement Side Entrance, Unfinished, Connecting Stairway
Main Level Bedrooms 1
Interior
Interior Features Carpet, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Upgraded Countertops
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Oven/Range - Electric
Furnishings No
Fireplace N
Window Features Double Hung,Insulated
Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Oven/Range - Electric
Heat Source Electric
Exterior
Exterior Feature Porch(es), Deck(s)
Garage Spaces 2.0
Fence Rear
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Porch Porch(es), Deck(s)
Parking Type Driveway
Total Parking Spaces 2
Garage N
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Takoma Park
Middle Schools Takoma Park
High Schools Montgomery Blair
School District Montgomery County Public Schools
Others
Senior Community No
Tax ID 161301068733
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector,Security System
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Financing Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Tammy G Thomas • GO BRENT, INC.