January 25th, 2013 Categories: New Construction
Plans for the big vacant lot on the corner of Brunett Avenue and University Blvd in the South 4 Corners Neighborhood of Silver Spring have CHANGED… .AGAIN!
The 3/4 acre lot with house was purchased in 2005 by a Builder. The sprawling old 1940′s era house on the lot was a Dentist’s Office for over 40 years. The house was razed in 2007 to make way for 6 new Luxury Homes.
The homes that were planned were HUGE with huge prices to go with them, in the upper $600,000′s to 800,000′s.
Then came the market downturn of 2008 and plans for these home had to be scraped.
The lot has remained vacant since 2007 and the Builder has been trying to get a zoning exception for a Day Care Center. Plans for a Day Care Center were
opposed by the neighborhood residents. The County, the Residents and the Builder have been going back and forth about this ever since.
Today the Builder has listed the plans for 3 of 5 new homes in the Metropolitan Regional Information System(MRIS) The homes are listed with the builder/owner who is associated with REMAX.
The homes planned this time are smaller, more modest and less less expensive. These new homes are a much better fit with the homes in the surrounding neighborhood of South Four Corners than the Huge Luxury Homes would have been. The prices for the 3 Homes that are listed range from $499,000 to $539,900. The homes have a lot of what the older homes in this area lack – Way more square footage, Big, new kitchens, Larger closets, 3 full baths, 4 Bedrooms and garages. These prices for new construction, in this area of Silver Spring are in line with todays market.
I think this time, with the way the Silver Spring real estate market is now, the planned homes will probably be a big success.