A teardown project in Rockville has led to the sale of the resulting $1,099,000 new construction home. Located at 920 Grandin Avenue in the Janeta subdivision, the home features six bedrooms, and four-and-a-half baths. Is this a harbinger of the future entry price for this neighborhood of mostly-modest homes? Below is the house that was demolished to make way for the new home.
The McMansion process, as this tear-down and replace is called, has been going on for decades now in other neighborhoods similar to Janetta. Just look at the West End, Lincoln Park, and Martins Addition, sections of Rockville. The trend slowed with the recession, and due to some pushback by area residents, however, it has continued to occur with many infill lots. Many of these "entry price" lots have existing homes with outdated floor plans, no longer suitable for today's lifestyles. It is more economical for the buyer to perform a total teardown, than a major rehab. Expect to see more of these as existing lots with older, mid-century houses come on the market.
ReplyDeleteThis is now becoming a sought after location as the public starts to use the Metro as the Pandemic fears subside. This location is situated between the Twinbrook Metro and walking distance to the Rockville Metro and Rockville Town Centre. Townhomes that are new construction are in the $800’s and $900s so of course new Single Family construction will command more. This home went “under contract” immediately! New construction, large flat yard for kids, 6 bedrooms, 4.5 baths and Metro! Paul Biciocchi, Listing Broker, Antoinette King, Listing Agent. Forum Properties,Inc.
ReplyDeleteCorrection: This location is not between the Twinbrook Metro,and whatever the location you meant to follow this with, it is directly adjacent to the Rockville Metro station. Also, it has been a desired location for in-fill development (new housing which uses vacant lots or houses in poor condition) to build new houses, unlike the surrounding development, for many years. Many of these infill units began to appear just after the opening of the Rockville Metro station in 1984.
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