207 Lexington Dr, Silver Spring, MD 20901

$589,000
: 3
BD
: 1
BA
: 1,254
SqFt

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List Price: $589,000
Days on Market: 0
Status: COMING SOON
MLS#: MDMC2250888
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Living Area: 1,254
Lot Size (Acres): 0.18
Style: Colonial
Year Built: 1938
County: Montgomery
School District: Montgomery County Public Schools

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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.

240-804-7606

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