7402 New Hampshire Ave Takoma Park, MD 20912

With 2900 square feet of space over 3 levels, this home is well-sized and suited to many different uses, including large extended family, home businesses, and is eligible for special financing for owner-occupants. Need more space; it's possible to add onto the rear of the house with this large lot. Located in the City of Takoma Park, this 1943 Cape Cod is a short stroll from a future Purple Line Station ( Coming in 2027) and on the M60 and M6X (formerly K6 and K9) bus routes (bus stop in front of the house) to Fort Totten Red Line Metro Station. Walk across the road to the famous IHOP Diner, the Caribbean Market, and Aldi's is up the hill. What a convenient location, with Sligo Park hiking/biking trails that run for miles just down the hill, connecting to the DC Bike Beltway - nature and exercise at your doorstep.
The versatile layout has a bathroom on each level (and 2.5 on the main level) and two in-law suites with kitchenettes. It's a great home for extended family or friends who want to buy together. There's a bedroom on each level and two big ones up top. The large living room has a wood-burning fireplace with a mantel. A separate dining room is next to the kitchen. Gas cooking is featured along with granite countertops. Easy parking for up to 6 cars in front and additional street parking. The back has a huge deck across it to enjoy. The sale includes brand-new solar panels on the rear roof that cost $32,000 and are conveyed with the property. There is an EV car charger on the right side of the parking area that also conveys. Things are looking greener, and the large rear-fenced yard is ready for your gardening ideas. It is a sunny spot - ideal for a vegetable garden with flower beds surrounding it.

Certain types of home businesses are allowed - the zoning is single-family residential, but previously, there was a license to have a tax business sign here. Permitted uses under this zoning include daycare, Residential Care, and Religious Assembly. The street has a good traffic count and a side road for easier parking.
This home is currently eligible for a Grant Program by a local bank of up to $10,000 toward purchasing a Primary residence that may be used for down payment, closing costs, and prepaid items at closing. The grant has an income limit of $186,950 and a minimum down payment of 3% with NO Private Mortgage Insurance (PMI), which is a big monthly savings to you. The minimum credit score for this grant loan is 620. Please contact the listing agent for details.
There is a Farmer's Market on nearby Anne Street once a week, and a wide range of international dining and grocery stores within walking distance. This home could use some cosmetic updates, but it is versatile and solid, with gas heating and electric central cooling. Solar panels and an EV Charger; it is great for friends or extended family with multiple levels, bathrooms, and kitchenettes. Also, a chance to operate your home business and be on-site.. Fast closing is possible on this versatile home. Visit soon with your planning book and see how this home can be the answer to personal and business needs.