7127 Carroll Avenue, Takoma Park, MD 20912

$835,000
2,822
SqFt
Sold Price
$835,000
List Price
$835,000
Closing Date
Jun 19, 2020
Days On Market
97
Status
CLOSED
MLS#
MDMC692010
Living Area
2,822
Lot Size (Acres)
0.22
Style
Colonial
Year Built
1927
County
Montgomery
School District
Montgomery County Public Schools

Property Description

Classic 1927 4 Square Multi-family property in the heart of the Historic District of Takoma Park City that's just 0.7 of a mile from Takoma Metro Station and a short stroll from the Takoma Cooperative Store, many restaurants and the Town Hall & Library. The public record shows 3,822 square feet of living area here and there is plenty of parking for 7/8 cars at the rear accessed by a driveway on the side. You'll love the high ceilings and big windows that flood it with natural light! The property has 4 completely separate units, each with its own bathroom and kitchen; essentially 4 levels with a unit on each level. There are 3 two-bedroom units and one studio on the top level. The owner pays water/sewer/gas and electric (see Income/Expense figures as a separate document) and it features economical and popular gas boiler radiator heating. The cooking is also all gas which renters prefer. The heating is 2 zoned with a separate thermostat for the lower level unit 4. This is easy to rent are and tenants love it here. It's been held vacant in 3 units to give buyers the opportunity to owner occupy and/or choose their own new tenants. It's great for somebody in the area in a larger home who wanted to downsize and with another home at the beach but prefer to keep a footprint in Takoma and get mortgage help from the rental units. Good too as a move-up home where a buyer can occupy the 2nd level 2BR unit or perhaps merge with the top studio (it would make a fabulous owner suite). The property has been lovingly maintained and updated by longtime owners (see the County Inspection Record in Disclosures with no violations for the last two inspections), and the boiler is recent, while a required sprinkler system in the basement has been installed. The rear sewer line was replaced in the past while the roof is recent too. There's also a sump pump and a 50-gallon gas hot water tank in the basement. Walk to the Elementary and Middle Schools nearby. More development is scheduled at nearby Takoma Junction bringing more businesses to the neighborhood. Two of the 2BR units feature wood floors in decent condition and updated kitchens. The top and lower-level units feature newly carpeted floors with updated kitchens. The lower unit has a private rear entrance. For buyers wanting to make improvements property in historic districts like this is may be eligible for a Montgomery County historic preservation tax credit of up to 25% for exterior improvements, such as repairing historic windows or siding, painting or replacing your roof - see montgomeryplanning.org/historic The units have been tested for lead-based paint and reports are available (see property disclosures). See the website https://tour.truplace.com/property/76/83067/ for a floorplan. Also check links for a video tour of Units 2, 3 and 4 (or contact agent). Remember if you rent to Housing Voucher Applicants in the City you are exempted from the rent ceilings and rents much higher (ask agent). This is a rare opportunity in the most sought after part of the City! Don't miss this one!

Additional Information

Subdivision
Takoma Park
Taxes
$7266
Stories
4
Interior Features
2nd Kitchen, Carpet, Wood Floors, Built-Ins, Efficiency, Floor Plan - Traditional
School District
Montgomery County Public Schools
Elementary School
Piney Branch
Middle School
Takoma Park
High School
Montgomery Blair
Flooring
Carpet, Wood
Exterior Features
Sidewalks, Street Lights
View
Street
Heating
Radiator
Heating Fuel
Natural Gas
Cooling
None
Roof
Asphalt
Utilities
Fiber Optics Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc.. Selling Office: .