8203 Greenwood Avenue

Description

Every house has a story. And so does 8203 Greenwood Avenue! Built in 1937 by a Navy captain who returned from WWI, the house has only had three owners who raised three families within. That captain did raise his family there while working as a ship builder in the Navy Yard.One day, while the current owners were going about their routine, there was a knock on the door. An older lady and her friend stood on the front porch reminiscing. When invited in that woman told the current owners about her father, her family, about her childhood at 8203 Greenwood, and about how the house has evolved since those days as well as how friendly and hospitable the neighborhood was. She also talked about the spirit of Takoma Park, how as soldiers returned from WWII there was a tremendous need for housing, and how Takoma Park grew as it accommodated many of those soldiers.For many of the reasons that Navy captain planted roots there, so did these sellers. They too had a family to raise. They too loved the hospitable nature of the neighborhood, and the block parties. One of the sellers used to walk from Greenwood, through Sligo Creek Park, to her job as a teacher. Since 1986 these sellers have treated 8203 Greenwood with as much love and care as the previous two owners. The water heater is two years old, the roof is of 2016, the boiler is serviced annually and the oil tank is filled and treated three times a year. Years ago, in the Takoma Park spirit of accommodating housing needs, they turned the upstairs into an apartment complete with a bedroom, a full kitchen, a full bath and a sizable living room that they rented out. That apartment has a separate entrance as well as its own electric meter. Because of the separate entrance and electric meter the property is deemed a multi-family. And yes, there is a Montgomery County rental license in place through June 2024.The main floor of the house is a traditional layout with the original wood flooring throughout. As you enter there is a large living room with a wood-burning fireplace. That leads into a traditional dining room that can accommodate everything from a breakfast table to a formal holiday feast. That dining room adjoins a galley-style kitchen. On the other side of the kitchen is the full bathroom, the guest room and the large primary bedroom.Downstairs has a kitchenette complete with a granite countertop, a sink, and a 240 volt outlet that can accommodate a dishwasher or hot plate for cooking. There is a room with newer flooring that can be converted into a formal bedroom as well as a full bathroom. Where once was the garage is now a rec room with ceramic tiled flooring. The lower level leads to an oversized backyard with multiple wooden decks that accommodate plenty of furniture to enjoy outdoor entertaining in the afternoons and evenings. What will your story at 8203 Greenwood be?Some technical facts about the property: -The tax record reflects a single-family residence usage code as well as being zones R10 multi-family. -There is no HOA or short-term rental restrictions.-An independent appraisal with a value of $700,000 is available upon request.-Offers with residential loans may be accepted if one unit is owner-occupied; offers for non-owner-occupant must be a multi-family loan. Fannie Mae / Freddy Mac financing guidelines for multi-family properties provide for: Conventional loans at 15% down, FHA loans at 3.5% down, and VA loans at 0% down. An experienced, local lender can be referred should you have specific questions.