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Silver Spring, Maryland CASTLE

$ 1,599,999
2702 Martello Drive, Silver Spring, MD, United States, ,
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The Silver Spring, Maryland CASTLE, is a premier 1.94 acre property in north Silver Spring with a 15,000 square foot, 35+ room home situated on the front of the property. This CASTLE Style home was built in the early 90’s for a personal residence that was going to be used as a unique executive bed and breakfast. There are large homes built next to the CASTLE but the CASTLE is a one-of-a-kind, NOT for your everyday home buyer…. As it sits today, it has 10 Bedrooms, 9-1/2 bathrooms with expansion possibilities for an additional 7 bedrooms for a larger bed and breakfast or executive residence.
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From the ordinate stone and brickwork to the 6 head-slab marble shower in the master bath, with whirlpool tub, the CASTLE boost multiple custom amenities. The commercial kitchen, the custom made 10″ crown molding are some of the many specialties that make this home a unique, one-of-a-kind masterpiece as well as the gold leaf ceiling in the hall powder room. Heated and cooled by the multi-zone’s of gas fired forced air, hot water radiant and baseboard heating offers unlimited potential for this magnificent home and will be a dream come true to its new owner. The sky is the limit with all the different unique uses that this home has to offer especially with the back portion of the property that can be subdivided to accommodate two more half acre building lots.
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CASTLE AND AREA HIGHLIGHT: The prime location of the CASTLE is equal distant from Washington, DC and Baltimore and only 25 minutes to BWI Airport and while being situated a mile from Rt. 95 it provides easy access to either Washington, DC or Baltimore airports. Two blocks away is the new Route 200 Inter-County Connector making commuting to and from the 270 North East technology corridors a breeze. At present, there are no large executive homes in the area or bed and breakfast facilities of this caliber in the North Silver Spring area to meet the demanding needs of the growing area or for visiting executives or dignitaries.
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READY TO BUILD: The 1.94 acre property the CASTLE sits on has the immediate potential to be subdivided to three lots, two ½ acre build-able lots and the remaining 1 acre lot for the CASTLE. The adjoining properties have had similar subdivisions boosting new million dollar homes. At present ½ acre building lots in this area are being sold for over $350,000.00 each. If your needs dictates different uses such as Church or assisted living requirements, the property can hold over 150 vehicle parking. Subdivide and build two more luxury homes or build an event building or guest staff quarters/house for the CASTLE.
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FINANCIAL INFORMATION: SILVER SPRING, MD CASTLE For SALE for $2,000,000.00, Home appraised in 2010 for $2,765,000.00 and sold for $2,500,000.00 finished. The new buyer started renovation for their use, (as a church) they had financial problems and walked away from the sale. 2017 home was appraised for a new buyer, as-is, not finished, for $1,895,000. August 2017 finishing of the home started and is now almost finished for a new buyer. There is still time to add some of your own finishing touches after a contract and deposit is received by seller.
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PROPERTY IS READY TO SETTLE. Deposit is 10% of sales price, balance due at settlement: CASTLE is for SALE for $1,999,999.99 and please, serious buyers only and I am not interested in trades. With proper financial qualifications and approved credit, some financing is available. Must have a pre-approval letter for at least $2,000,000.00 to view property. I do offer some owner financing to approved buyers. Call anytime 10:00am-10:00pm est. 443-223-3888 or Email me at: asks1@comcast.net
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REAL ESTATE PROFESSIONALS PLEASE DO NOT CONTACT ME TO LIST THIS PROPERTY – HOWEVER I WILL PAY A 3% COMMISSION FOR A SALE AND 4% COMMISSION FOR AN IMMEDIATE SALE AND SETTLEMENT BEFORE OCTOBER 31, 2017

See more about the CASTLE at: www.mdcastlebnb.com

Address: 2702 Martello Drive, Silver Spring, MD, United States
Country:
State/Province:
Zip: 20904
Country: United States
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Property Id : 19203
Price: $ 1,599,999
Property Building Size: 15 m2
Property Land Size: 86 m2
Rooms: 35
Bedrooms: 10
Bathrooms: 10
Year Built: 1991
Garages: 1
Garage Size: 4
Available From: Now
Basement: 5,000 sqft
External Construction: Brick, Stone, Dryvit
Roofing: Asphalt
attic
gas heat
wine cellar
fireplace
back yard
front yard
washer and dryer
balcony
laundry
private space
roof deck
air conditioning
Ist Floor Entrance level
Ist Floor Entrance level
2nd Floor
2nd Floor
Main House and In-Law Suite above the garage
Basement Plan
Basement Plan
1st Floor Optional Assisted Living Outline
1st Floor Optional Assisted Living Outline
A additional 17 room 1st floor optional assisted living design
A additional 7 room 1st floor optional bed and breakfast design
Proposed Lots
Proposed Lots
Additional 2 1/2 acre building lots in rear of the property. Approved and ready to subdivide.

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