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3722 Blue Lobelia Way #THE DRAKE LOT 608, Rockville, MD 20852
3722 Blue Lobelia Way #THE DRAKE LOT 608, Rockville, MD 20852
3722 Blue Lobelia Way #THE DRAKE LOT 608, Rockville, MD 20852
3722 Blue Lobelia Way #THE DRAKE LOT 608, Rockville, MD 20852

Price: $1,015,000
3722 Blue Lobelia Way #THE DRAKE LOT 608, Rockville, MD 20852

MLS #: MDMC741924
Tax ID #: NEW
Ownership Interest: Fee Simple
Association: HOA
Structure Type: Interior Row/Townhouse
Levels/Stories: 3
Waterfront: No
Garage: Yes
Beds: 4
Baths: 3 / 1
Above Grade Fin SQFT: 2,560 / Estimated
Price / Sq Ft: 396.48
Year Built: 2020
New Construct: Yes – Not Completed
Style: Contemporary
Central Air: No
Basement: No

Public: MODEL HOMES NOW OPEN BY APPOINTMENT ONLY! BRAND NEW ELEVATOR TOWNHOMES COMING TO ROCKVILLE! The Drake is a contemporary townhome with 3-5 bedrooms, 2.5 4.5 baths, optional elevator for ease of access to all levels of the home, available multigenerational suite on the entry level, 2-car garage parking and optional loft level with rooftop terrace. Tower Oaks is an exciting new neighborhood walking distance to Park Potomac and moments to downtown Bethesda and DC. At the center of the community, the CORE is an exceptional amenity space where residents will gather, featuring an outdoor pool, fitness center, market cafe, sport court, onsite full-time lifestyle coordinator and much more. Images for illustrative purposes only. In person appointments available Friday through Tuesday; virtual meetings are available 7 days a week. Health Screening and Face Coverings required for all in person appointments.

LIST OF BLOGS

Another Tool to Improve Affordability

The rapid rise in mortgage rates during 2022 coupled with continued appreciation of home prices have limited the number of buyers in the market which is reflected by the lower number of home sales currently. "It's a fact that many households are impacted by...

Cause to Pause

Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. While it may be possible, the probability is that prices are going to continue to increase. On December 23, 2021, the...

Five Factors that affect the Sale of Any Home

Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and the agent you select. The one thing you can't control is the location of the home, but you can adjust the other factors to compensate for...

The importance of a Home Inspection

The importance of a Home Inspection Prior to you getting a residence, one of the important things you ought to do is to have it had a look at by a professional home examiner. Yes, we can hear your objection: "Acquiring a residence is costly enough as it is! Why would...

Why should you get a home inspection?

Why should you get a home inspection? Prior to you buy a house, among things you should do is to have it had a look at by an expert house examiner. Yes, we can hear your argument: "Acquiring a residence is expensive enough as it is! Why would I pick to fork over...

Gift Amount Increased for 2022

The limit for tax free gifts for 2022 is $16,000 and no tax is due to the donor or the donee. There are provisions that would allow gifts higher than this amount providing the total lifetime gifts above the annual exclusion of $12.06 million for 2022 has not been met....

Housing Affordability – Call to ARMs

Housing Affordability is negatively affected by both rising home prices and mortgage rates. A 20% increase in nominal home prices and a 2% increase in the 30-year fixed rate mortgage since January have contributed to a 46 point drop in the NAR Housing Affordability...

Surviving Spouse Sale Period

Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event. Unfortunately, the capital gain exclusion is reduced to a single person's share unless...

Are prices and rates going to continue to rise?

One of the most talked about questions in the real estate market has to do with "Will prices continue to rise now that interest rates have increased dramatically this year?" It is understandable to think that if the Federal Reserve is using interest rate...

Indecision Can Be Expensive

With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. On a local level, there is a pent-up...

RECENT POSTS

Cause to Pause

Rising mortgage rates are causing some would-be buyers to pause their decisions until they...

ABOUT  TWENTY
THREE HOMES

The Twenty Three Homes are one of the premiere real estate groups locally, nationally and internationally, specifically dealing with high-end properties and exclusive clientele. Partner with Keller Williams Twenty Three Homes are full service real estate experts whose clients benefit from the custom tailored, hands on service while receiving all the exclusive amenities and resources of one of the most established and respected firms in the business.

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