$825,000
4 Beds
2 Baths
1,632 SqFt
0.23 Acre Lot
10,018 Sqft Lot
Status Pending
Property Type Detached
Year Built 1913
Neighborhood Takoma Park
Days on Website 48

Property Map

$825,000 – 320 Lincoln Avenue, Takoma Park, MD 20912

Street View

Courtesy of Andrew Cerrito, Cerrito Realty, LLC.

Description

Purchase this $825,000 home with only a $495,000 mortgage loan! You read that correctly! Buyers of this home must be first-time home buyers at or below 120% of the median area income based on family size. The City of Takoma Park and the seller are providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 25 YEARS 2nd and 3rd trusts for up to $330,000. ($495,000 + $330,000 = $825,000). This is not a gimmick, it’s a once in a lifetime opportunity to own a $825,000 home for the monthly cost of a $495,000 home. And buyers can use whatever lender they want for the $495,000 mortgage loan! Fully renovated is an understatement! A second floor has been added to this stately Takoma Park home, doubling the square footage! This 4 bedroom, 2 full bath home has been renovated from top to bottom by professional licensed contractors, with a brand new kitchen, new appliances, new bathrooms, new paint and flooring throughout, a new deck, new windows, new doors, new HVAC, a new roof, new Hardieplank siding, etc. With brand new landscaping and an inviting front porch, this home has great curb appeal. Enjoy the wide open living level with a bedroom and full bathroom and access to the back deck that overlooks the private back yard. Upstairs, there are three more spacious bedrooms and another full bath. The basement is unfinished and offers lots of storage space. The concrete driveway has space for two cars! This home has it all! Buyer(s) are required to take homeownership counseling. Ask your real estate agent for details, all needed information is available to agents in documents section of the MLS. ATTENTION AGENTS: CALL LISTING BROKER WITH QUESTIONS. DO NOT CALL SELLER DIRECTLY!

Property Details and Features

Appliances and Equipment

  • Built-In Microwave
  • Dishwasher
  • Disposal
  • Dryer
  • Refrigerator
  • Washer
  • Oven/Range – Electric

Basement

  • Side Entrance
  • Unfinished
  • Connecting Stairway

Bathrooms

  • 2 total bathrooms
  • 1 bathroom on all upper levels
  • 2 full bathrooms
  • 1 full bathroom on main level

Bedrooms

  • 3 bedrooms on upper levels
  • 4 bedrooms
  • 1 bedroom on main level

House

  • 1,632 sqft living area
  • 1,632 sqft above grade (finished)
  • 816 sqft below grade (unfinished)
  • Built in 1913
  • Structure Type: Detached
  • 3 levels
  • Craftsman
  • HardiPlank Type

Cooling

  • Central Air
  • Electric
  • Central A/C

Doors

  • Insulated

Fence

  • Rear

Foundation

  • Block

Heating

  • Electric
  • Forced Air

Interior Features

  • Carpet
  • Combination Kitchen/Dining
  • Combination Kitchen/Living
  • Entry Level Bedroom
  • Floor Plan – Open
  • Upgraded Countertops

Listing

  • 13 days on market
  • $506 per sqft

Location

  • Municipality: City of Takoma Park
  • County: Montgomery
  • Subdivision: Takoma Park

Lot

  • 10,000 sqft
  • 0.23 acres

Parking

  • Concrete Driveway

Property

  • Other Structures: Above Grade,Below Grade
  • Outdoor Living Structures: Porch(es),Deck(s)

Roof

  • Shingle

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: TAKOMA PARK
  • Middle School: TAKOMA PARK
  • High School: MONTGOMERY BLAIR

Sewer

  • Public Sewer

Taxes

  • City/Town Tax: $2,508
  • City/Town Tax Pymnt Freq: Annually
  • County Tax: $5,124
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $7,821
  • Tax Year: 2021

Utilities

  • Electric Service: 200+ Amp Service
  • Hot Water: Electric

Windows

  • Double Hung
  • Insulated

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