3904 Dresden St, Kensington, MD 20895
6 beds · 7 baths · 7,523 sqft
Welcome to 3904 Dresden Street, a stunning masterpiece located in the highly sought-after Chevy Chase View neighborhood of Kensington, Maryland. This exceptional residence was fully remodeled and expanded in 2019, blending elegance with modern sophistication to create an extraordinary living experience. Spanning an expansive 8,850 square feet, this impressive home offers unparalleled comfort and style with 6 spacious bedrooms -- including a main level suite, 5 full bathrooms, and 2 half bathrooms, situated on a generous and flat 19,000 square foot lot. As you approach the property, the home’s commanding presence is immediately apparent. Set back from the street, this home offers both privacy and curb appeal. The beautifully designed facade sets the tone for what awaits inside. Step through the front door into a wide foyer hall where your eyes are drawn to the soaring ceilings and happy ambiance. The floor plan creates a seamless flow between rooms, allowing natural light to flood the space and highlight the hardwood floors and high-end finishes that define this home. The main level is designed for both intimate gatherings and grand entertaining. There are formal space and large, more informal family spaces, all of which creates= an inviting atmosphere. Adjacent, the grand dining room provides a perfect setting for hosting dinner parties, with ample room to accommodate large groups. The gourmet chef's kitchen is a true showstopper, featuring custom cabinetry, state-of-the-art appliances, a massive island, and an open layout that flows into the family room. Here, you’ll find a second fireplace, built-in shelves, and French doors that open to the expansive indoor/outdoor patio, creating the ideal space for both relaxation and entertaining. On the upper level, the luxurious owner’s suite offers a peaceful retreat, complete with a sitting area, massive walk-in closets, and an opulent spa-inspired bathroom with dual vanities, a soaking tub, and a large walk-in shower. Each of the five additional bedrooms is generously sized and features ample closet space and easy access to well-appointed bathrooms, making this home as functional as it is beautiful. The top level provides a further suite featuring a private sitting area, and the 6th bedroom, with an en-suite bath. The lower level is equally impressive, featuring a large recreation room, perfect for casual entertaining. A dedicated home theater, fitness room, and additional space for a game room or playroom provide endless possibilities. Step outside to your private oasis. The backyard is an entertainer or gardener's dream, as it offers a flat and sunny south facing lawn that offers room for a pool. Whether you’re hosting summer gatherings or enjoying a quiet evening under the stars, this outdoor space offers endless possibilities for enjoyment. Situated in one of Kensington’s most desirable neighborhoods, 3904 Dresden Street provides convenient access to first class restaurants and entertainment, parks, and commuter routes. With its perfect combination of space, luxury, and location, this home is a rare opportunity to own a truly exceptional property. Don’t miss your chance to make this dream home your own. Schedule a private showing today!
Source: BRIGHT #MDMC2167860
Financials
Source: Public records
Source: BRIGHT #MDMC2167860
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.