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Sold

$550,000

207 LEXINGTON DRIVE, SILVER SPRING, MD 20901

3 Beds
1 Bath
1,254 Sq.Ft.
Est. payment from /mo Get Pre-Approved

Property Description

Investor and value-add opportunity in the desirable Four Corners neighborhood! This 1938 Colonial offers 3 bedrooms, 1 full bathroom, hardwood flooring, a traditional fireplace, partially finished basement with rear access, unfinished attic space, attached garage, driveway parking, and an approximately 0.18-acre lot. The true potential of this property lies in the opportunity to renovate, expand, and reimagine the existing footprint. Neighboring homes have undergone substantial renovations and additions, creating additional living space, modernized layouts, and significant transformations from their original designs, therefore creating the potential for a strong after-repair value (ARV) when properly renovated. Potential concepts to explore include a rear extension or addition, securing and enclosing the existing side porch to incorporate additional interior space, and potentially adding a level above portions of the existing home that could connect with a rear addition. The basement and attic provide additional opportunities to consider as part of a comprehensive renovation strategy. Bring your vision and explore the potential to transform this property into a larger, modernized home while maximizing its value in an established neighborhood. All renovation, expansion, and ARV concepts are suggestions only; buyers should perform their own due diligence regarding comparable sales, zoning, permits, setbacks, structural feasibility, and county requirements.
Investor and value-add opportunity in the desirable Four Corners neighborhood! This 1938 Colonial offers 3 bedrooms, 1 full bathroom, hardwood flooring, a traditional fireplace, partially finished basement with rear access, unfinished attic space, attached garage, driveway parking, and an approximately 0.18-acre lot. The true potential of this property lies in the opportunity to renovate, expand, and reimagine the existing footprint. Neighboring homes have undergone substantial renovations and additions, creating additional living space, modernized layouts, and significant transformations from their original designs, therefore creating the potential for a strong after-repair value (ARV) when properly renovated. Potential concepts to explore include a rear extension or addition, securing...
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Interior

Full Bathrooms
1 Full Bath
Flooring
Hardwood
Other Interior Features
Attic

Area & Lot

Total Area
1,604 Sq.Ft.
Lot Size
7,841 Sq.Ft.
MLS® ID
MDMC2250888
Type
Residential
Year Built
1938
Architecture Styles
Colonial
School District
MONTGOMERY COUNTY PUBLIC SCHOOLS

Exterior & Building

Stories
2
Garage Spaces
1.0
Water Source
Public
Pool
No Pool
Roof
Architectural Shingle
Parking
Attached Garage, Driveway, On Street
Heat Type
Heat Pump(s)
Air Conditioning
Window Unit(s)
Sewer
Public Sewer
Substructure
Slab
Disability Features
None

Finance

Reduced Price
Price Upon Request
Real Estate Taxes
$6,707/yr
Zoning
R60
207 LEXINGTON DRIVE

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