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Phyllis Wiesenfelder

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New Listing! 4913 Falstone Avenue, Chevy Chase MD 20815

by Phyllis Wiesenfelder

Click Here to View the Virtual Tour

4913 Falstone Avenue
Chevy Chase, MD 20815
 
Offered at: $1,275,000

Come on, twist and shout in this cool mid-century residence in the popular Town of Somerset. This expansive home incorporates the exuberant and whimsical style elements of the 1950’s and 60’s. This unique property boasts an open entry foyer, an impressive living room with a wall of windows and treed views, a light-filled formal dining room and a spacious kitchen that is open to the sun-drenched breakfast and family room.  Three bedrooms, two full baths and a powder room complete the main level. Play, entertain and party in the fully finished walkout lower level with its oversized family room with a fireplace, built-in seating area and kitchenette, billiard room and guest suite. Enjoy the generous, over a quarter of an acre private yard with its canopy of trees, flagstone patio and meandering path.

This superbly located home is close to all the amenities that the Town of Somerset offers – the swimming pool, basketball court, batting cage, tennis courts and parkland. It is ever so convenient to Metro, Somerset Elementary School, the biking and jogging paths of the Capital Crescent Trail, Norwood Park and the vibrant social life and restaurant scenes of downtown Bethesda and Friendship Heights. Somerset, founded in 1890, elects a mayor and council members and publishes a monthly town journal. It is known for its small-town atmosphere and sense of community. Sledding on the Cumberland Avenue hill after a snowfall, the Fourth of July parade and picnic, pool parties and trick or treating on Halloween are popular town traditions.

MAIN LEVEL:

Welcoming entry foyer with open stairway and two closets

• Elegant living room with fireplace, custom built-ins, wall of windows and beautiful treed views

• Formal light-filled dining room with walls of glass

• Spacious open kitchen with abundant cabinet space and recessed lighting

• Sun-drenched breakfast and family room with fireplace and powder room

• Spacious master bedroom with two closets and treetop views

• Master bath with retro black lacquered vanity

• Second bedroom with built-in desk with display shelving and track and overhead lighting

• En-suite second bath

• Third bedroom, currently being used as a den

• Linen closet and attic access in hallway

LOWER LEVEL:

• Oversized walk-out family room with wonderful natural light, fireplace, colorful built-in U-shaped sofa and conversation pit, kitchenette, recessed lighting, wall-to-wall carpeting and French doors to patio

• Billiard room with overhead lighting, carpeted wall, Cedar closet and utility room

• Fourth bedroom with two closets, custom built-ins and track and recessed lighting

• Full bath

• Large dual entry laundry room with utility sink and storage closet

Workshop with exterior access

ADDITIONAL AMENITIES:

• Lovely architectural details including custom built-ins, three fireplaces and exceptional entertaining spaces

• Picturesque private yard with mature trees, Flagstone patio and meandering path

• Storage shed and workshop with exterior access

• Town of Somerset pool, tennis courts, batting cage, basketball court and parkland

Fabulous location

SPECIFICS:

• Offered at: $1,275,000

• Lot Size: 11,762 square feet

• Legal Description: Lot 33, Block: B

• Subdivision:  Somerset Heights

• Year Built: 1956

• Estimated taxes and non-tax charges in the first fiscal year of ownership are $14,756.29

• Schools: Somerset Elementary, Westland Middle and Bethesda- Chevy Chase High School (International Baccalaureate Program)

 

June 2018 Montgomery County Market Trends Report

by Phyllis Wiesenfelder

Median sales price reaches highest June level on record

June’s tally of 1,414 closed sales dipped below last year’s level by 6.9 percent and below the five-year June average by .7 percent. The 1,344 new pending sales marked a 1.5 percent bump from last June and was just above the fiveyear June average by 1.7 percent, or 23 contracts. There were 1,721 new listings added in June, 3.4 percent less than last June’s mark. The 2,497 active listings dip far below last June’s active listing total 2,760 (-9.5%). The 2,497 active listings heading into July represent 2.5 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.6 months of supply last June. Half of the homes sold in June were on the market 11 days or less, two days quicker than the median DOM in June 2017. The $477,750 median in June was 8.6 percent higher than last June’s median of $440,000 and represents the highest June level on record. Closed sales rose
in the townhouse segment while dipping in the detached and condo/co-op segments.

May 2018 Montgomery County Market Trends Report

by Phyllis Wiesenfelder

Median sales price reaches highest May level on record

May’s tally of 1,314 closed sales beat last May’s level (1,246) and the five-year May average (1,245) by 5.5 percent. This is the highest May level on record (since 1997). The 1,518 new pending sales marked an 1.2 percent dip from last May and beat the five-year May average by 1.1 percent, or 16 contracts. There were 1,901 new listings added in May, 1.6 percent less than last May’s mark. The active listings dipped below last May’s active listing total of 2,567 (-6.7%). The 2,394 active listings heading into June represent 2.3 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.4 months of supply last May. Half of the homes sold in May were on the market nine days or less, two days quicker than the median DOM in May 2017. The $475,000 median in May was 6.4 percent higher than last May’s median of $446,500. Closed sales rose in all three segments.

Washington, DC – (June 13, 2018) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

 
5508 Uppingham Street 
Chevy Chase, MD 20815
 
Offered at: $1,100,000

 

Welcome to this post war modern home on a quiet tree-lined street in the Town of Somerset. This spacious rambler features an inviting entry foyer, expansive light-filled living room with fireplace, formal dining room, comfortable family room, updated table space kitchen, three bedrooms and two baths on the main level. The lower level boasts an oversized rec room with fireplace and
a delightful wall mural of Parisian street scenes—the perfect rock n’roll party room. There is also a guest room, full bath, exercise room, storage laundry and separate entrance.

This superbly located property is just steps to all the amenities that the Town of Somerset offers- the swimming pool, tennis courts, batting cage, basketball courts and parkland. It is ever so convenient to METRO, Somerset Elementary School, Norwood Park, and the Capital Crescent Trail. Stroll to the vibrant social life and restaurant scene of Friendship Heights and downtown Bethesda. Somerset, founded in 1890, elects a mayor and council members and publishes a monthly town journal. It is known for its small
town atmosphere and sense of community. Sledding on the Cumberland Avenue Hill after a snowfall is a town tradition as is the Fourth of July parade and picnic.

New Listing! 4719 Davenport Street, NW

by Phyllis Wiesenfelder


                                                     

4719 Davenport Street, NW
Washington DC 20016
 
Offered at: $885,000


Welcome to this delightful colonial on a charming street in sought-after American University Park. This picturesque home has been thoughtfully updated over the years while retaining its original architectural details and gracious appointments. This distinctive residence boasts a welcoming living room with fireplace, formal dining room, and light-filled kitchen with stainless steel appliances. There are three bedrooms and renovated bath on the second level. The lower level includes a recreation room with a decorative fireplace and display shelving, renovated full bath, laundry, storage room and outside entrance. The extra deep private fenced yard features a great deck for entertaining with built-in seating ,a play house,  separate dog run, and wonderful play space – perfect for soccer or lacrosse practice. There is also a two-car detached garage.

This superbly located property is convenient to both the Friendship Heights and Tenleytown-AU Metro stations, Fort Bayard Park, American University and other DC attractions. Stroll to the vibrant social life and restaurant scene of Tenleytown and Friendship Heights and the fabulous array of shopping this distinctive area offers. 

April 2018 Montgomery County Market Trends Report

by Phyllis Wiesenfelder

Median sales price up slightly; new listings increase by 6.8 percent

April’s tally of 1,137 closed sales beat last year’s level by 1.8 percent and above the five-year April average by 8.4 percent. The 1,451 new pending sales marked a 1.7 percent rise from last April and fell below the five-year April average by 2.1 percent, or 31 contracts. There were 1,975 new listings added in April, 6.8 percent higher than last April’s mark. The 2,276 active listings dip far below last April’s active listing total 2,456 (-7.3%). The 2,276 active listings heading into May represent 2.2 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.3 months of supply last April. Half of the homes sold in April were on the market 10 days or less, one day slower than the median days-on-market (DOM) in April 2017. The $445,000 median in April was
2.3 percent higher than last April’s median of $435,000. Closed sales rose in the townhouse and condo/co-op segments while dipping in the detached segments.

Washington, DC – (May 11, 2018) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

New Listing! 4892 Chevy Chase Boulevard Chevy Chase, MD 20815

by Phyllis Wiesenfelder

                                                   

4892 Chevy Chase Boulevard
Chevy Chase, MD 20815
 
Offered at: $825,000
 
 
Welcome to this picturesque colonial overlooking Norwood Park in sought-after Chevy Chase West.  Southern charm and a sweeping veranda combine with elegant rooms, beautiful architectural details and colorful fairy tale gardens. This distinctive residence boasts an enchanting front porch, welcoming living room with fireplace, formal dining room with glorious park views and light-filled kitchen. There are three bedrooms, a glass enclosed sleeping porch and full bath on the second level. The lower level includes a recreation room, laundry, half bath and storage room. A serene and tranquil setting with mature trees and lush garden beds surrounds this delightful home.  
 
Open your back gate and enjoy all the amenities of Norwood Park with its tennis courts, playgrounds and tot lots. Bike, walk or jog on the Capital Crescent Trail.  Stroll to the Bethesda Pool, Somerset Elementary School, the Bethesda and Friendship Heights Metro Stations and the vibrant social life and restaurant scene of downtown Bethesda and Chevy Chase.
4892 Chevy Chase Boulevard
Chevy Chase, MD 20815
 
Offered at: $825,000

New Listing! 4806 Chevy Chase Boulevard Chevy Chase, MD

by Phyllis Wiesenfelder
 
4806 Chevy Chase Boulevard
Chevy Chase MD 20815
Offered at: $1,100,000
Welcome to this picture perfect colonial on a tree-lined street in sought-after Chevy Chase West. Built in 1935, this charming home has been extensively updated and expanded over the years while retaining its original architectural details and gracious appointments. This distinctive residence offers a welcoming living room with fireplace, formal dining room with two built-in corner china cabinets, granite and stainless steel kitchen, full bath and sun-drenched family room with beautiful backyard views. There are four bedrooms and two stylishly renovated baths on the second level. The lower level includes a recreation room, office with natural light, half bath, and large laundry room. The generous private yard features a stone patio that is perfect for outdoor entertaining and wonderful play space.
 
This superbly located home is a hop, skip and a jump to Norwood Park with its tennis courts, playgrounds and tot lots, the Capital Crescent Trail and the Bethesda pool. It is a short stroll to Somerset Elementary School, the Bethesda and Friendship Heights Metro stations and the vibrant social life and restaurant scene of downtown Bethesda and Chevy Chase.

New Listing! 4809 Drummond Avenue Chevy Chase, MD

by Phyllis Wiesenfelder


4809 Drummond Avenue
Chevy Chase MD 20815
 
Offered at: $1,450,000

Welcome to this stately Georgian colonial located in the heart of one of Bethesda Magazine’s “10 Great Streets to Live On”. This pre-war beauty has been thoughtfully expanded while retaining its original architectural details and gracious appointments. This distinctive residence offers an elegant living room with bay window and fireplace, formal dining room, handsome high ceilinged family room with picture window, sun-drenched den, powder room and expansive kitchen complete with breakfast room. There are three bedrooms and two full baths, including a master suite with a versatile office or nursery on the second level. The lower level includes a recreation room with custom built-ins, half bath, and outside entrance. The generous private yard features a multi-leveled deck and wonderful play space – perfect for soccer or baseball practice.

This superbly located property is a hop, skip and a jump to Somerset Elementary School and just half a block to the path leading to the Capital Crescent Trail, the Bethesda Pool and the tennis courts and playgrounds of Norwood Park. It is a short stroll to both the Bethesda and Friendship Heights Metro stations and the vibrant social life and restaurant scene of downtown Bethesda and Chevy Chase.

New Tax Season

by Phyllis Wiesenfelder
I hope your 2018 is off to a great start.
 
With a new year comes a new tax season and, this year, a new tax law, which went into effect on January 1. While the tax changes will not affect your 2017 filing, it is advisable to be aware of what is in store for next year.   Hopefully, this letter will help you on that front as it relates to your real estate holdings/investments.
 
The number of income tax brackets remains the same, but they include lower tax rates. The new tax bill also eliminates or reduces several itemized deductions, including moving expenses except with military households, interest on home equity loans unless used for home improvements, and more. 
 
Here are a few important real estate-related results of the new tax bill to keep in mind.
 
Mortgage interest deductions are now limited to a combined $750,000 of debt for both primary residences and second homes for any loans taken out after Dec. 14, 2017. Current homeowners with loans made before that date, however, are grandfathered into the previous deduction, which allowed a combined debt limit up to $1 million.  
 
State and local tax deductions are now capped at a combined $10,000 – this includes state and local property, income and sales taxes. This will largely affect taxpayers in higher-tax states.
 
Capital gains tax exclusions remain the same when you sell your house. Married couples filing jointly can still exclude up to $500,000 when selling their primary home, as long as they’ve lived there two of the past five years.
 
Investment properties were largely unaffected by the new tax bill.  As such, you will continue to enjoy the same financial benefits for any investment property you currently own or those you may buy in the future.
 
While the inventory shortage will likely continue through 2018, this is a great time to invest in real estate. Homes are appreciating, interest rates on mortgage loans are still around historical lows and there are tax advantages for property and business owners. 
 
As always, if you have any real estate-related questions, please feel free to contact me. I look forward to helping you (and anyone you know) with your future real estate needs. 
 
 
 
*The information contained in this letter is not intended to be and does not constitute financial or investment advice.

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Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600