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$1,750,000

Beds
4
Baths
2.5
sq ft
2,628

5506 Edson Ln, Rockville, MD 20852

5506 Edson Ln

ROCKVILLE, MD 20852

  • 116 days on market
Welcome to 5506 Edson Ln, Rockville, MD! This stunning mixed-use single-family property is on 20,958 square feet and offers a perfect blend of modern amenities and classic charm. This property is currently being used for Residential, but is zoned CRN. This allows a variety of uses (Commercial, residential, mixed-use and development opportunities for the zone) The "by right" FAR is .5 for the site, but additional density may be possible adhering to the MoCo master plan and with site/plan review. We have included examples of infill density opportunities that would conform well to the site and surrounding buildings. Located just .3 miles to Whiteflint metro and the old mall redevelopment this site has endless upside opportunity. With 4 bedrooms and 2.5 bathrooms, including dual closets, this home offers both space and functionality. The full basement provides ample storage and potential for customization, while the private yard, deck, front yard, and porch offer outdoor relaxation and entertainment options. Located in a desirable area, this home offers a unique opportunity for residential and potential commercial use. Don't miss the chance to make this versatile property your own! *Please reach out to Scott Sachs or Susan Barker to discuss feasibility research into multifamily conversion. The provided renderings are intended to highlight how the property can be developed and are not approved.

Details

Property type

Single Family Residence

Est. home value

$1,125,088

Lot size

0.47 acres

Price per sq ft

$666

Year built

1958

Annual property taxes

$10,426

HOA

No

Price History

03/05/2024

Bright #MDMC2122804

Listed
$1,750,000

Schools & Community

Elementary school: 

GARRETT PARK

Middle school: 

TILDEN

High school: 

WALTER JOHNSON

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

Branch Banking And Trust Co

Loan start date

April 2014

Original loan amount

$170,000

Est. remaining balance

Not provided

Interest rate

4.33%

Loan type

Commercial

Seller

John F Wolf Jr and Diane M Wolf

Lender

1St Mariner Bank

Loan start date

July 2013

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

3%

Loan type

Commercial, 30 year

Seller

John F Wolf Jr and Diane H Wolf

Lender

Branch Banking And Trust Co

Loan start date

May 2007

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Credit Line (Revolving)

Seller

John F Wolf Jr and Diane H Wolf

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: 06/29/2024 at 7:50 AM

Listing updated: 04/12/2024 at 6:52 PM

Listed by: Susan Nicole Barker, Compass Phone #: (301) 298-1001

MLS: Bright #MDMC2122804

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