The 1950’s and its corresponding mid-century modern architecture have surged in popularity in recent years, but the 1970’s and 1980’s style is heating up, as evidenced by the recent success of television series and biopics set during this monumental era.
Inevitably, this fascination in pop culture will soon transition into nostalgia for its architectural style as well, which The Cribline has coined, “post-mid-century architecture,” signaling a shift away from utilitarian and minimalist design toward extravagance, decadence, and a flare reflected in the use of gold, glass, and mirrors (think Trump Tower, Dynasty, and Studio 54).
Today’s House Pick of the Week is a Cribline Special Feature that captures this style beautifully and provides a taste of what we believe is emerging as the latest in real estate trends.
Located at 3209 Brooklawn Terrace Circle in Chevy Chase, Maryland this 1970’s/1980’s style iconic home boasts nearly four thousand (4,000) square feet of livable space, four (4) bedrooms, and three-and-a-half (3.5) bathrooms. Its bells and whistles include a jacuzzi and large pool surrounded by a beautifully maintained and landscaped yard; lower level in-law suite with separate kitchen, outdoor access and elevator to main floor; soaring high ceilings, skylights, wine cellar, beautiful indoor sauna (very popular in the 70’s), and super groovy kitchen!
Its location, in the coveted Chevy Chase area code, five (5) minutes from downtown Bethesda and just steps away from Rock Creek Park Trail, Candy Cane Park, and Beach Drive– give this 70’s style abode an investor savvy edge.
It’s just on the market for $1,100,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,100,000 of $220,000, the mortgage amount would be $880,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,200 per month. If you were to rent out the lower level apartment for $1,000 per month, that would reduce the gross payment to $4,200 per month. After tax deductions, the net payment would be about $3,000 per month.
Happy House Hunting!