$835,000
$835,000
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7127 CARROLL AVE Takoma Park, MD 20912
3,522 SqFt
Key Details
Sold Price $835,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,522 sqft
Price per Sqft $237
Subdivision Takoma Park
MLS Listing ID MDMC692010
Sold Date 06/19/20
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,822
Originating Board BRIGHT
Year Built 1927
Annual Tax Amount $7,266
Tax Year 2020
Lot Size 9,760 Sqft
Acres 0.22
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!
Location
State MD
County Montgomery
Zoning R20
Rooms
Basement Connecting Stairway, Daylight, Partial, Full, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance, Sump Pump, Walkout Level, Windows
Interior
Interior Features 2nd Kitchen, Carpet, Wood Floors, Built-Ins, Efficiency, Floor Plan - Traditional
Hot Water Natural Gas
Heating Radiator
Cooling None
Flooring Carpet, Wood
Equipment Refrigerator, Stove, Dryer, Oven/Range - Gas, Washer, Water Heater
Fireplace N
Window Features Storm,Screens
Appliance Refrigerator, Stove, Dryer, Oven/Range - Gas, Washer, Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es), Roof
Utilities Available Fiber Optics Available, Natural Gas Available, Phone Connected, Sewer Available, Water Available
Waterfront N
Water Access N
View Street
Roof Type Asphalt
Street Surface Paved
Accessibility None
Porch Porch(es), Roof
Road Frontage City/County
Parking Type Off Street, Driveway
Garage N
Building
Lot Description Front Yard, Road Frontage, SideYard(s), Cleared, Open
Foundation Block, Permanent
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Piney Branch
Middle Schools Takoma Park
High Schools Montgomery Blair
School District Montgomery County Public Schools
Others
Tax ID 161301068972
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Financing Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Nathan B Ward • Compass