tomo logo

$1,490,000

Beds
7
Baths
6.0
sq ft
5,880

1117 Arcola Ave, Silver Spring, MD 20902

1117 Arcola Ave

SILVER SPRING, MD 20902

  • 8 days on market
    • Open house Sep 29
<b>Better Than New! </b> Welcome home to a masterpiece of contemporary design built in 2022, blending exceptional craftsmanship with cutting-edge technology and modern amenities. This 6,000-square-foot, open-concept home spans three finished levels, offering expansive living spaces, plenty of office space, and a perfect home for entertaining. From the garage to all levels of the home, a chair lift provides an accessibility feature to meet multi-generational needs. High-end details are found throughout, including loads of LED lighting, solid core interior doors, oversized windows, Hardie fiber-cement siding, and contemporary fixtures. <br><br> The gourmet kitchen is a chef's dream, complete with a large center island, quartz countertops, stainless steel appliances, and modern white shaker-style cabinetry. The kitchen opens to a cozy family room with a gas fireplace and a large glass door access to a huge rear deck.<br><br> The upper level offers a luxurious owner’s suite with dual walk-in closets and a spa-inspired bathroom featuring a double vanity, towel warmer, and oversized glass shower with a rainfall showerhead. Four additional bedrooms, two Jack & Jill bathrooms, and the upper level laundry room complete this floor. <br> The walk-up and chair lift accessible lower level is finished with durable vinyl plank flooring and offers multipurpose open space with a wet bar (prepped for appliance installation and easily converted to a kitchenette) and a private entrance. Two additional bedrooms and two full bathrooms complete this level. The home is fully licensed as an 8-bedroom assisted living accessible home and completely furnished to be sold as-is. Perfect for professional office space or a group home living setting. <br><br> Located in the sought-after community of Kemp Mill Estates, this home is seconds away from all the Kemp Mill offers. It is a short distance from dining, shopping, and entertainment at Westfield Wheaton, and Downtown Silver Spring. Outdoor recreation is nearby at Wheaton Regional Park, Kemp Mill Community Park, and Brookside Gardens. Indoor activities are abundant at the Wheaton Library and Recreational Center. For commuters, it’s close to 495 and Glenmont or Wheaton Metro Stations. <br><br> Don’t miss this outstanding opportunity!

Details

Property type

Single Family Residence

Est. home value

$1,441,495

Lot size

7,947 sq ft

Price per sq ft

$254

Year built

2021

Annual property taxes

$18,936

HOA

No

Price History

09/20/2024
Bright

Bright #MDMC2148724

Listed
$1,490,000
+12.45%
12/30/2022
Bright

Bright #MDMC2059010

Sold
$1,325,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hometown Equity Mortgage

Loan start date

December 2022

Original loan amount

$993,750

Est. remaining balance

Not provided

Interest rate

7.08%

Loan type

Commercial, 30 year

Seller

Claudia Warren Taylor

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 8:25 PM

Listing updated: 09/27/2024 at 11:06 AM

Listed by: David Engel, Redfin Corp Phone #: (301) 658-6186

MLS: Bright #MDMC2148724

Bright logo