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$350,000

Beds
1
Baths
1.5
sq ft
1,086

4601 N Park Ave Unit 501, Chevy Chase, MD 20815

4601 N Park Ave Unit 501

CHEVY CHASE, MD 20815

  • 4 days on market
Welcome to 4601 North Park Avenue, Unit #501, Chevy Chase! This rarely available and recently updated residence offers over 1,000 square feet of elegant living space in the sought-after, pet-friendly Elizabeth building. Located in the vibrant heart of Chevy Chase, this 1-bedroom, 1.5-bath, and den unit features stunning parquet flooring, modern light fixtures, and an open-concept living room that seamlessly flows into a den space with a convenient powder room. There is a double coat closet at the front door to keep everything organized and out of sight. The spacious bedroom, freshly painted and bathed in natural light, offers a tranquil retreat including a walk in closet and a second closet with sliding doors, while the updated full bathroom boasts a large vanity with ample storage. The kitchen is a blend of style and functionality, with new white cabinets and marble countertops. Step outside to your oversized balcony and take in the sweeping views of downtown Chevy Chase and Friendship Heights. Other highlights include a new HVAC. This unit offers the ultimate in convenience with in-unit laundry, generous storage, and an assigned indoor parking space. The Elizabeth building itself enhances the living experience with paved pathways, an indoor pool and sauna, a party room, library, fitness center, and a 24-hour staffed front desk with security. Perfectly situated within walking distance to the Red Line, popular restaurants, Whole Foods, parks, and playgrounds, this beautiful unit truly has it all!

Details

Property type

Condominium

Est. home value

$339,728

Lot size

Unknown

Price per sq ft

$323

Year built

1975

Annual property taxes

$3,724

HOA

No

Price History

10/03/2024
Bright

Bright #MDMC2149126

Listed
$350,000
+6.06%
12/20/2021
Bright

Bright #MDMC2022786

Sold
$330,000

Schools & Community

Elementary school: 

SOMERSET

Middle school: 

WESTLAND

High school: 

BETHESDA-CHEVY CHASE

Community features: 

Pool, Sidewalks

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

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

Seller could get up to

$73,223
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$248,777
Cash to seller
$73,223

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

December 2021

Original loan amount

$264,000

Est. remaining balance

$248,777

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Judith Scherer

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: 10/04/2024 at 11:15 PM

Listing updated: 10/03/2024 at 7:16 AM

Listed by: Erica O'Neill, RLAH @properties Phone #: (301) 652-0643

MLS: Bright #MDMC2149126

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Recently listed in CHEVY CHASE