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Azalea season is here and the brightly flowered bushes are blooming in gardens around the city, like the National Arboretum and Hillwood Estate. ....

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Silver Spring house on Fleetwood Terrace gets 88 offers, most in cash

Silver Spring house on Fleetwood Terrace gets 88 offers, most in cash
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This Silver Spring House Got a Whopping 88 Offers

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Earlier this week, an eye-popping listing in the desirable Sligo Park Hills neighborhood of Silver Spring began making the rounds among DC-area agents, and ultimately wound up making at least one national headline. The modest fixer-upper on Fleetwood Terrace still with its original 1940s bathrooms and kitchen had pulled in 88 offers, 76 of them all-cash. It sold for $460,000 70 percent above its list price.
Yes, that sounds nuts, and while the Washington housing market truly is insane, this particular house is not an especially fair reflection of reality. Listed for $275,000, it was, according to Silver Spring agents, dramatically underpriced to begin with. Indeed, no other detached homes including much smaller ones in rough shape have sold in this zip code for anywhere near that low of a price in the past three months. Which is to say, listed at $275,000, the house was bound to attract an excessive amount of interest. “The land [alone] is worth that much,” says ....

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