7727 Carroll Ave, TAKOMA PARK, 20912

Multi-Family - Other, Detached For Sale

$499,900

Beds
Baths
3,088Sqft
.23Acres
1948Built
17DOM
MLS® #: MDMC622992
Active Under Contract, 17 Days on Market

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

Price & Status History

Date Details
Status Changed from Active to Active Under Contract

Essential Information

MLS® #: MDMC622992
Price: $499,900
Bathrooms: 0.00
Square Footage: 3,088
Acres: 0.23
Year Built: 1948
Type: Multi-Family
Sub-Type: Other, Detached
Style: Colonial
Status: Active Under Contract

Community Information

Address: 7727 Carroll Ave
City: TAKOMA PARK
County: MONTGOMERY-MD
State: MD
Zip Code: 20912

Amenities

Amenities: Wood Floors
Utilities: Electric Available, Fiber Optics Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Parking: Surface, Asphalt Driveway
View: City, Street, Trees/Woods

Interior

Interior Features: Floor Plan-Traditional
Appliances: Stainless Steel Appliances, Dishwasher, Dryer, Icemaker, Refrigerator, Stove, Washer, Water Heater
Heating: Radiator
Cooling: Window Unit(s)
Has Basement: Yes
Basement: Full
Fireplace: Yes
# of Fireplaces: 1
# of Stories: 3

Exterior

Exterior: Brick and Siding
Exterior Features: Sidewalks, Street Lights
Lot Description: Corner Lot, Rear Yard
Windows: Insulated
Roof: Asphalt

School Information

District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary: TAKOMA PARK
Middle: TAKOMA PARK

Additional Information

Date Listed: March 12th, 2019
Days on Market: 17
Zoning: R60
Short Sale: Yes
Property Taxes: $9,646
Condo Coop Fees: $0

Listing Details

Listing Office: Long & Foster Real Estate, Inc.

Financials

$/SqFt: $162

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Listing information last updated on September 17th, 2019 at 1:15pm EDT.