Monday, November 4, 2013

Burnt Mills Hills, the best kept secret in Silver Spring

I am amazed at how the market has recovered in Chevy Chase and Bethesda. It is getting very frustrating to find suitable homes for my clients in this area. And, when a nice home comes up on the market, it seems like there are already a number of folks waiting in line with offers. Many of them above the asking price.

That brings us to the beautiful neighborhood of Burnt Mills Hills. This small community (about sixty homes) located near Lockwood Drive and New Hampshire Ave offers up what I consider the best luxury home values in the close-in Metro area. Consisting of mostly older homes built just before and after World War II the community features quality homes build on broad expansive lots with lots of trees and privacy. It is the large lots that get me. Similar homes are just impossible to find elsewhere without traveling further out.

A number of homes in the neighborhood were designed by John Nutter, a local architect of some renown who at 101 years of age still lives in Burnt Mills Hills in the home he designed for himself. Fourteen of the homes in Burnt Mills Hills are Mr Nutter's designs.

The problem with Burnt Mills Hills is that there are very few listings ever on the market at any time. Currently there are no homes for sale there and only two homes have sold in all of 2013 so far. The first one is on Jarboe Ave. and it sold for $960,000 in October


And the second home sold back in the summer of 2013. It was on Burnt Mills Ave and sold for only $799,000 which seemed like a very good price to me. 

If you are getting frustrated with the lack of good homes and skyrocketing values in Bethesda and Chevy Chase then I suggest you take a look at some of the great neighborhoods such as Burnt Mills Hills that are located along the New Hampshire Ave corridor in Silver Spring. For a list of homes currently on the Market in this area you can go here. 


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