LAKESIDE TERRACE, BETHESDA, MD 20817
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Why Live At Lakeside Terrace?
Lakeside Terrace is a community of 215 condominiums overlooking a beautifully landscaped property and a private lake. Residents enjoy on site amenities such as tennis courts and an outdoor pool, as well as the ideal location for an easy commute to work and access to shopping, dining and entertainment. Once you look at a condo at Lakeside Terrace, you may decide that you will only look at condos with a waterview. Imagine the change of seasons here and the views you will have of geese on the water!
With everything going on, Lakeside Terrace is perfect for getting to know your neighbors! You can organize a picnic beside the outdoor grill. Certainly getting downtown is easy from Lakeside Terrace and access to the major airports is a breeze.
Everything you need is nearby from grocery stores to fine shops, good restaurants, movie theaters and commuter routes around the city. Lakeside Terrace is just a short drive to the Rockville Pike with all its restaurants like Seasons 52 and Matchbox. The new Rockville Town Center and the Pike & Rose is bringing even more restaurants like Palamar. There is a Whole Foods on the Rockville Pike and Executive Boulevard at 11355 Woodglen Dr,, Rockville and a Harris Teeter at Park Potomac on I- 270 and another at11845 Old Georgetown Rd. In addition, you have great shopping close at hand at Wildwood on Old Georgetown Rd. with a Dean and DeLuca, banks, a pharmacy, Le Pain Quotidien, Starbucks, and distinctive boutiques.
Cabin John Park
Just a short drive along Tuckerman Lane brings you to the Cabin John Regional Park. Here you will find a large ice skating rink, ball fields, tennis courts, a popular children’s train, a dog park, and miles of trails for walking and exploring. Cabin John is one of Montgomery County’s most popular parks!
Sales Activity Over the Last Year
The rental market was active in the last year, but turnover by sales was low. There are several sizes of condos at Lakeside Terrace, and prices vary accordingly. For instance a studio condo with 528 square feet listed for $137,000 and sold for $124,500 in 2017. A similar sized unit rented for $1300 a month, suggesting that that condo was a good investment for someone! A 624 square foot short sale is under contract for $160,000 in August 2017. One bedroom unit with 840 square feet, which listed for $175,000 and sold for $170,000 in 2015 are now selling for $207,000 and higher. A bank owned property with 1464 square feet sold for $200,000 in 2015– which might be the deal of that year and 2017! A similar 1464 square foot unit sold for $290,000 in May 2017 with $5000 back in closing costs. In 2015 a two bedroom two bath with 1220 square feet sold for $260,000 but in 2017 similar sized units have hovered around $245,000.
These statistics are reflected sales from public records of the multiple listing service and do not include for sale by owner, non-published, non-member, or private sales, or what might be current market values.
Call 240-401-5577 (c) for the current units on the market or email us at Lise@lisehowe.com
The Lise Howe Group can help you buy a condo at Lakeside Terrace, when available. If you would like more information on any condo or townhouse community in Bethesda or Chevy Chase, Call our Cell 240-401-5577 today to set up a private buyer consultation!
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Amenities at Lakeside Terrace on Democracy Boulevard
Condo fees include all utilities except phone and internet, common area maintenance, exterior building maintenance, lawn maintenance, management, master insurance policy, reserve funds, water and sewer, snow removal, trash removal, tennis courts, pool and outdoor picnic spaces.
The biggest drawback to the condos at Lakeside Terrace probably is the high condo fee. While the sales prices are very reasonable, the fees tend to discourage some buyers looking in the 200,000s. For instance, the 1220 square foot condo has a monthly fee of $771 so it is important to remember that includes all utilities and exterior maintenance!
What is Near Lakeside Terrace on Democracy Boulevard
The condos at Lakeside Terrace on Democracy Boulevard are just a few blocks from all that Wildwood Shopping Center, the Rockville Pike and Bethesda has to offer. Metro access is available at the Grosvenor metro stop.
Grocery shopping is readily available at Dean and DeLuca at Wildwood, the Giant on Old Georgetown, Whole Foods on Executive Blvd, the Harris Teeter at Old Georgetown Road, and Trader Joe’s on the Rockville Pike. Suburban Hospital is about three mile away, and Suburban is now part of the Johns Hopkins Medical Hospital system. Many people who live at Lakeside Terrace work at the National Institutes of Health or Bethesda’s Walter Reed Medical Center.
WHERE DO THE CHILDREN GO TO SCHOOL?
Lakeside Terrace is located in a wonderful school district in Montgomery County. The lucky children living here attend Ashburton Elementary, North Bethesda Middle School, and Walter Johnson High School. Nearby private schools include Georgetown Prep, Stone Ridge, Alef Bet Montessori, Harbor School, the German School, the French International School and Holy Child. To find out more about the local schools, just click here to see a full school report!
LOOKING FOR A NEW HOME?
Call the Lise Howe Group and let us help you find your next home at Lakeside Terrace. Whether you are moving across the country and relocating to Bethesda or Chevy Chase, or if you are simply trying to find a perfect place to call home, we can help you. With a combined 35 years of real estate experience, we are very familiar with the entire DC metro area. Whether you dream of an estate in Potomac or a condo in Dupont, we can help!
Just give us a call at 240-401-5577 or email us at email@example.com