Onsite with Matt Cheney EP28: Bethesda, Maryland 20816.

Bethesda 20816:

  • Back in 1932 and 1933, as part of the George Washington bicentennial celebration, The Garden Club of America erected two entrance markers to the District of Columbia from Maryland here at Westmoreland Circle.
  • So here we have Northwest DC and here we have Bethesda Maryland. If you want to live in Maryland and have great access into the Nation’s Capital this might very well be the neighborhood for you.
  • So, Bethesda is a large area and covers three zip codes. There are more if you include the Cabin John and Glen Echo areas. We wanted to take the time to introduce you to 20816 today. The part of Bethesda next to DC.
  • The area includes some spectacular residential neighborhoods including Brookmont, Glen Echo Heights, Glen Mar Park, Mass Ave Hills, Woodacres, Westmoreland Hills, Westwood, Springfield, and Sumner.  
  • The area is bordered by River Road to the northeast, Goldsboro Road to the northwest, the Potomac River to the southwest, and The District line to the southeast with Massachusetts Avenue running right through the center of all these lush neighborhoods. That is the same Massachusetts Avenue you can drive down to DuPont Circle, Union Station, and Capitol Hill.

 

Market Data:

Let’s talk some real estate, One Hundred Ninety-Eight (198) homes and townhomes sold here this past year for an average sales price of $1,381,041 and with an average of eighteen (18) days on the market.

The highest of those sales was for this 12,000 sf stately red-brick home with six (6) bedroom, eight (8) full and one (3) half baths on an almost two (2) acre lot, with expansive Potomac River views and design by architect Franck & Lohsen and interior design by Darryl Carter. The home sold for $15,000,000.

Now for Condos and Co-Ops. There were seventy-three (73) units to trade this past year for an average sales price of $489K with an average of forty-one (41) days on the market.  

The highest condo sale for this past year for 20816 was for this 2,700 sf, four (4) bed, four (3) full and one (1) bath unit, townhome at the Westwood Mews that sold for $1,075,000. Not surprisingly, it sold before the open house which ended up being canceled.