Downtown Bethesda Townhome Available: Claim an Endangered Species!

I said “available” didn’t I? That sounds like something an Agent would have said during the second quarter of 2005. Properties on the market are pretty “available” these days in most parts of the country -- even in the “recession proof” Washington DC area. I also said “endangered species” didn’t I? I’ll get to that in just a moment :-)

Despite these trying economic times, there are a few micro-markets that have still fared quite well in areas in or around the Nation's Capitol – the downtown Bethesda townhome is one such niche.

From 1997-2000, when the downtown Bethesda corridor began it’s transformation from sleepy town to “it” destination, two small townhome developments sprouted up. “The Villages of Bethesda” and “The City Homes of Edgemoor” --- both a stones throw from the Bethesda Metro and the Bethesda urban core where you’ll find restaurants, movie theatres, boutiques, bookstores, cafes...

"Endangered Species" in Downtown Bethesda Explained: Location, Luxury, Scarcity

• Location: We covered that one...
• Luxury: Both The Villages of Bethesda & The City Homes of Edgemoor are well appointed...I’ve included a few virtual tours from past listings, here, here, and here, just to give you a "feel".
• Scarcity: There are a total of 50 units between the two developments ranging from approximately 2200 sq. ft. to 3500 sq. ft.

- most importantly -

• Replication?: I’ll go out on a limb and say there will never be another downtown Bethesda townhome built again. The rationale is that the land has gotten so expensive that developers have and will continue to push the height and density limits set in the master plan and this means condo.

Your Chance To Purchase a Bethesda Rarity:  4908 Montgomery Lane, Bethesda MD 20814

So here’s your chance to own a unique commodity in a highly desirable location at a time when buyers are in the drivers seat.  Even though this micro-market has not taken as hard of a hit as some other areas, prices are still off their peak and there's a “bargain” (yes in big quotes!) to be had. If you'd like to take a peak, here's the interactive virtual tour.

Just The Basics:

• 3 bedrooms
• 3 full and one half bath
• 2 car garage Open Living Area with 10ft + Ceilings
• Gourmet kitchen w/ high end appliances Dining/FR area with gas fireplace 1st floor office Master Suite encompassing entire 3rd floor Balcony
• Offered at $1,195,000

Contributing Blogger: Kevin Koitz

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: