Bethesda Maryland Neighborhood Real Estate Analysis

History

Bethesda is situated along a major thoroughfare that was originally the route of an ancient Native American trail. Between 1805 and 1821, it was developed into a toll road called the Washington and Rockville Turnpike, which carried tobacco and other products between Georgetown and Rockville, and north to Frederick. A small settlement grew around a store and tollhouse along the turnpike. By 1862, the community was known as “Darcy’s Store” after the owner of a local establishment, William E. Darcy. The settlement was renamed in 1871 by the new postmaster, Robert Franck, after the Bethesda Meeting House, a Presbyterian church built in 1820 on the present site of the Cemetery of the Bethesda Meeting House. The church burnt in 1849 and was rebuilt the same year about 100 yards south at its present site.[6]

Throughout most of the 19th century, Bethesda was a small crossroads village, consisting of a post office, a blacksmith shop, a church and school, and a few houses and stores. It was not until the installation of a streetcar line in 1890 and the beginnings of suburbanization in the early 1900s that Bethesda began to grow in population. Subdivisions began to appear on old farmland, becoming the neighborhoods of Drummond, Woodmont, Edgemoor, and Battery Park. Further north, several wealthy men made Rockville Pike famous for its mansions. These included Brainard W. Parker (“Cedarcroft”, 1892), James Oyster (“Strathmore”, 1899), George E. Hamilton (“Hamilton House”, 1904; now the Stone Ridge School), Luke I. Wilson (“Tree Tops”, 1926), Gilbert Grosvenor (“Wild Acres”, 1928–29), and George Freeland Peter (“Stone House”, 1930). In 1930, Dr Armistead Peter‘s pioneering manor house “Winona” (1873) became the clubhouse of the original Woodmont Country Club (on land that is now part of the National Institutes of Health (NIH) campus). Merle Thorpe‘s mansion, “Pook’s Hill” (1927, razed 1948) — on the site of the current neighborhood of the same name — became the home-in-exile of the Norwegian Royal Family during World War II.[6]

That war, and the expansion of government that it created, further fed the rapid expansion of Bethesda. Both the National Naval Medical Center (1940–42) and the NIH complex (1948) were built just to the north of the developing downtown. This, in turn, drew further government contractors, medical professionals, and other businesses to the area. In recent years, Bethesda has consolidated as the major urban core and employment center of southwestern Montgomery County.[6] This recent growth has been significantly vigorous following the expansion of Metrorail with a station in Bethesda in 1984. Alan Kay built the Bethesda Metro Center over the Red line metro rail which opened up further commercial and residential development around the surrounding vicinity.

Geography

According to the United States Census Bureau, the CDP has a total area of 13.2 square miles (34 km2). 13.1 square miles (34 km2) of it is land and 0.1 square miles (0.26 km2) of it (0.38%) is water.

The main commercial corridor that runs through Bethesda is Maryland Route 355 (known as Wisconsin Avenue in Bethesda and as Rockville Pike and Hungerford Drive in more northern communities), which, to the north, connects Bethesda with the communities of North Bethesda and Rockville, ending, after several name changes, in Frederick, Maryland. Toward the South, Rockville Pike becomes Wisconsin Avenue near the NIH Campus and continues beyond Bethesda through Chevy Chase, Friendship Heights, Maryland and into Washington, DC, ending in Georgetown.

The area commonly known as “Downtown Bethesda” is centered at the intersection of Wisconsin Avenue, Old Georgetown Road and East-West Highway. Other focal points of downtown Bethesda include the Woodmont Triangle, bordered by Old Georgetown Road (Maryland Route 187), Woodmont and Rugby Avenues, and the Bethesda Row, centered at the intersection of Woodmont Avenue and Bethesda Avenue. Much of the dense construction in that area followed the opening of the Bethesda station on the Red Line of the Washington Metro rapid transit system, also located at this intersection and the centerpiece of the Bethesda Metro Center development. The Medical Center Metro stop lies about 0.7 miles north of the Bethesda stop, Medical Center, which serves the NIH Campus, the Walter Reed National Military Medical Center, and the Uniformed Services University of the Health Sciences.

Demographics

Historical populations
Census Pop.
1960 56,527
1970 71,621 26.7%
1980 62,736 −12.4%
1990 62,936 0.3%
2000 55,277 −12.2%
2010 60,858 10.1%
source:[7]

As of the census[8] of 2000, there were 55,277 people, 23,659 households, and 14,455 families residing in the CDP. The population density was 4,205.8 inhabitants per square mile (1,624.2/km²). There were 24,368 housing units at an average density of 1,854.1 per square mile (716.0/km²). The racial makeup of the CDP was 85.86% White, 2.67% Black or African American, 0.17% Native American, 7.92% Asian, 0.05% Pacific Islander, 1.23% from other races, and 2.11% from two or more races. 5.43% of the population were Hispanic or Latino of any race.

There were 23,659 households out of which 28.0% had children under the age of 18 living with them, 53.4% were married couples living together, 6.0% had a female householder with no husband present, and 38.9% were non-families. 32.2% of all households were made up of individuals and 11.6% had someone living alone who was 65 years of age or older. The average household size was 2.30 and the average family size was 2.92.

In the CDP the population was spread out with 21.8% under the age of 18, 4.6% from 18 to 24, 29.2% from 25 to 44, 27.1% from 45 to 64, and 17.2% who were 65 years of age or older. The median age was 41 years. For every 100 females there were 87.7 males. For every 100 females age 18 and over, there were 84.0 males.

Bethesda is a very wealthy and well-educated area. According to the 2000 Census, Bethesda was the best-educated city in the United States of America with a population of 50,000 or more. 79% of residents 25 or older have bachelor’s degrees and 49% have graduate or professional degrees. According to a 2007 estimate,[9] the median income for a household in the CDP was $117,723, and the median income for a family was $168,385. Males had a median income of $84,797 versus $57,569 for females. The per capita income for the CDP was $58,479. About 1.7% of families and 3.3% of the population were below the poverty line, including 1.8% of those under age 18 and 4.1% of those age 65 or over. Many commute to Washington D.C. for work. The average price of a four bedroom, two bath home in Bethesda in 2010 was $806,817 (which ranks it as the twentieth most expensive community in America).[10]

Bethesda is often associated with its neighboring communities, Potomac, Maryland, Chevy Chase, Maryland, Great Falls, Virginia, and McLean, Virginia for their similar demographics. In 2009, Self magazine ranked Bethesda as the second healthiest place for women in the country, a year after being ranked number one.[11] As of 2009, 8 Pulitzer Prize winners live in Bethesda, as do several well-known political commentators (including George Will, David Brooks, and Tom Friedman).[12]

Landmarks

Building 50 at NIH.

Important institutions located in Bethesda include the National Institutes of Health campus, the Consumer Product Safety Commission, and the Naval Surface Warfare Center Carderock Division. Bethesda is also home to the Walter Reed National Military Medical Center, formerly referred to as Bethesda Naval Hospital (National Naval Medical Center, NNMC). The Medical Center is also the place where the President goes to get his yearly check-up. Adjoining the hospital to the east is the Uniformed Services University of the Health Sciences, as well as a number of other military medical and research institutions.

The headquarters of defense conglomerate Lockheed Martin, managed health care company Coventry Health Care and hotel and resort chains Marriott International and Host Hotels & Resorts, Inc. are located in Bethesda. Software company Bethesda Softworks were originally located in Bethesda, but moved to Rockville, Maryland, in 1990. The Discovery Channel also had its headquarters in Bethesda before relocating to Silver Spring in 2004. On the professional services side, numerous banks (PNC, Capital One Bank) brokerage firms (SmithBarney, Merrill Lynch, Charles Schwab, Fidelity) and law firms (Ballard Spahr, JDKatz, Paley Rothman, Lerch Early & Brewer) maintain offices in Bethesda. Bethesda has two farmers markets, the Montgomery Farm Woman’s Cooperative Market and the Bethesda Farmer’s Market

Bethesda Avenue at night

Federal Realty Investment Trust (FRIT) has developed much of the west side of downtown Bethesda into an area called Bethesda Row. The vibrant district includes Barnes and Noble, an Apple Store, a cinema, and dozens of shops and restaurants. Also located in downtown Bethesda is one of the Madonna of the Trail monuments, erected by the National Old Trails Association working in concert with the Daughters of the American Revolution. Judge Harry S. Truman, presided over the dedication of the Bethesda monument, on April 19, 1929. Nearby is the Bethesda Post Office. Also starting in the heart of downtown Bethesda, is the Capital Crescent Trail which follows the old tracks of the B&O Railroad stretching from Georgetown, Washington, D.C., to Silver Spring, MD. Walter Reed Medical Center and the Bethesda Theater are two important Art Deco architectural structures in the suburbs surrounding Washington, D.C.

The Writer’s Center in Bethesda publishes Poet Lore, the longest continuously running poetry journal in the United States.

Bethesda Lane opened in 2008. This extension of the Bethesda Row development, located near the corner of Bethesda Avenue and Arlington Road, includes many new retail shops and restaurants underneath luxury apartments.[13]

Bethesda is the home of Congressional Country Club, which is recognized as one of the most prestigious country clubs in the world. Congressional has hosted four major golf championships, including the 2011 U.S. Open, won by Rory McIlroy. The AT&T National, hosted by Tiger Woods, has been played at Congressional four times.

Bethesda is also home of the exclusive Burning Tree Club, the Bethesda Country Club, and the Bethesda Community Baseball Club, which operates the Bethesda Big Train, a summer collegiate baseball team.

For more information about Bethesda Maryland Visit http://en.wikipedia.org/wiki/Bethesda,_Maryland

Bethesda Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$750,200 Average Price
1,823Avg Home Size
1959Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $821,400 $179,200
Median Single Family Home Value $933,500 $178,700
Median Condo Value $368,200 $183,400
Median 2-Bedroom Home Value $498,800 $138,000
Median 3-Bedroom Home Value $824,900 $172,500
Median 4-Bedroom Home Value $923,200 $289,700
Percent Homes Decreasing 25.2% 30.3%
Percent Listing Price Reduction 18.8% 13.5%
Median List Price Per Sq Ft $444 $115
Median List Price $1,050,000 $209,000
Median Sale Price $750,200 $203,200
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $7,272 $2,092
Turnover (Sold Within Last Yr.) 3.8% 3.9%
Median Value Per Sq Ft $426 $118
1-Yr. Change 4.5% 6.6%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Local vs National Demographics

 LocalNational
Median Household Income 99,102 44,512
Single Males 12.1% 14.6%
Single Females 13.2% 12.5%
Median Age 40 36
Homes With Kids 28.4% 31.4%
Average Household Size 2 2
Average Commute Time (Minutes) 29 26

Bethesda Real Estate Listings

Active Listings in Bethesda

8348 North Brook LN Bethesda, MD 20814
Photo of 8348 North Brook LN, Bethesda, MD 20814 (MLS # MC8543591)
3 beds 3 baths 1,892 sqft $660,000
6800 GRANBY ST Bethesda, MD 20817
Photo of 6800 GRANBY ST, Bethesda, MD 20817 (MLS # MC8543043)
5 beds 3 baths $934,900
8121 AUTUMN GATE LN Bethesda, MD 20817
Photo of 8121 AUTUMN GATE LN, Bethesda, MD 20817 (MLS # MC8542931)
4 beds 5 baths 5,286 sqft $1,199,900
8 CHALFONT CT Bethesda, MD 20816
Photo of 8 CHALFONT CT, Bethesda, MD 20816 (MLS # MC8542530)
3 beds 5 baths $1,195,000
7104 MILLWOOD RD Bethesda, MD 20817
Photo of 7104 MILLWOOD RD, Bethesda, MD 20817 (MLS # MC8541191)
4 beds 4 baths $1,048,000
7809 FOX GATE CT Bethesda, MD 20817
Photo of 7809 FOX GATE CT, Bethesda, MD 20817 (MLS # MC8541012)
5 beds 4 baths $1,099,000
4952 SENTINEL DR, Unit 8-205 Bethesda, MD 20816
Photo of 4952 SENTINEL DR, Unit 8-205, Bethesda, MD 20816 (MLS # MC8540386)
2 beds 2 baths 1,524 sqft $519,500
5719 KINGSWOOD RD Bethesda, MD 20814
Photo of 5719 KINGSWOOD RD, Bethesda, MD 20814 (MLS # MC8540311)
6 beds 6 baths 6,700 sqft $1,589,900
8905 SENECA LN Bethesda, MD 20817
Photo of 8905 SENECA LN, Bethesda, MD 20817 (MLS # MC8540221)
3 beds 4 baths $949,000
4520 TRAYMORE ST Bethesda, MD 20814
Photo of 4520 TRAYMORE ST, Bethesda, MD 20814 (MLS # MC8540036)
3 beds 3 baths $749,000
5504 WHITLEY PARK TER, Unit 94 Bethesda, MD 20814
Photo of 5504 WHITLEY PARK TER, Unit 94, Bethesda, MD 20814 (MLS # MC8540001)
4 beds 4 baths 2,160 sqft $619,900
5225 POOKS HILL RD, Unit 1801-02N Bethesda, MD 20814
Photo of 5225 POOKS HILL RD, Unit 1801-02N, Bethesda, MD 20814 (MLS # MC8539700)
2 beds 2 baths 1,845 sqft $574,900
9607 BULLS RUN PKWY Bethesda, MD 20817
Photo of 9607 BULLS RUN PKWY, Bethesda, MD 20817 (MLS # MC8535126)
5 beds 3 baths 3,164 sqft $759,900
8301 RISING RIDGE WAY Bethesda, MD 20817
Photo of 8301 RISING RIDGE WAY, Bethesda, MD 20817 (MLS # MC8538993)
3 beds 4 baths 3,820 sqft $929,000
8307 COMANCHE CT Bethesda, MD 20817
Photo of 8307 COMANCHE CT, Bethesda, MD 20817 (MLS # MC8538992)
5 beds 5 baths 5,075 sqft $1,350,000
6105 GREENTREE RD Bethesda, MD 20817
Photo of 6105 GREENTREE RD, Bethesda, MD 20817 (MLS # MC8538876)
4 beds 3 baths $699,000
5520 ALTA VISTA RD Bethesda, MD 20814
Photo of 5520 ALTA VISTA RD, Bethesda, MD 20814 (MLS # MC8538549)
4 beds 4 baths 3,683 sqft $1,450,000
6002 WILMETT RD Bethesda, MD 20817
Photo of 6002 WILMETT RD, Bethesda, MD 20817 (MLS # MC8538492)
5 beds 5 baths 4,029 sqft $1,290,000
6913 NEVIS RD Bethesda, MD 20817
Photo of 6913 NEVIS RD, Bethesda, MD 20817 (MLS # MC8538373)
5 beds 5 baths $1,099,900
5627 LAMAR RD Bethesda, MD 20816
Photo of 5627 LAMAR RD, Bethesda, MD 20816 (MLS # MC8538360)
4 beds 3 baths 2,700 sqft $1,078,000
10116 ASHBURTON LN Bethesda, MD 20817
Photo of 10116 ASHBURTON LN, Bethesda, MD 20817 (MLS # MC8538062)
4 beds 3 baths $659,000
7171 WOODMONT AVE, Unit 307 Bethesda, MD 20814
Photo of 7171 WOODMONT AVE, Unit 307, Bethesda, MD 20814 (MLS # MC8537707)
2 beds 2 baths 1,140 sqft $969,900
4900 LEROY PL Bethesda, MD 20816
Photo of 4900 LEROY PL, Bethesda, MD 20816 (MLS # MC8537653)
2 beds 2 baths $739,000
8907 EWING DR Bethesda, MD 20817
Photo of 8907 EWING DR, Bethesda, MD 20817 (MLS # MC8537603)
6 beds 5 baths $1,425,000
5215 ACACIA AVE Bethesda, MD 20814
Photo of 5215 ACACIA AVE, Bethesda, MD 20814 (MLS # MC8537215)
4 beds 4 baths $1,149,000
9003 EWING DR Bethesda, MD 20817
Photo of 9003 EWING DR, Bethesda, MD 20817 (MLS # MC8536936)
5 beds 5 baths $1,395,000
5321 CARVEL RD Bethesda, MD 20816
Photo of 5321 CARVEL RD, Bethesda, MD 20816 (MLS # MC8535140)
4 beds 3 baths $950,000
9513 MILSTEAD DR Bethesda, MD 20817
Photo of 9513 MILSTEAD DR, Bethesda, MD 20817 (MLS # MC8534745)
6 beds 5 baths $1,475,000
9 SAVANNAH CT Bethesda, MD 20817
Photo of 9 SAVANNAH CT, Bethesda, MD 20817 (MLS # MC8534687)
5 beds 3 baths 4,506 sqft $1,639,000
4850 CRESCENT ST Bethesda, MD 20816
Photo of 4850 CRESCENT ST, Bethesda, MD 20816 (MLS # MC8531695)
3 beds 1 bath $650,000

Sold Listings in Bethesda

8013 Newdale Rd Bethesda, MD 20814
Photo of 8013 Newdale Rd, Bethesda, MD 20814 (MLS # MC8533621)
6 beds 6 baths $1,899,000
8805 Bellwood Rd Bethesda, MD 20817
Photo of 8805 Bellwood Rd, Bethesda, MD 20817 (MLS # MC8532077)
5 beds 5 baths $1,590,000
4952 Sentinel Dr #8-306 Bethesda, MD 20816
Photo of 4952 Sentinel Dr #8-306, Bethesda, MD 20816 (MLS # MC8524111)
3 beds 3 baths 1,823 sqft $630,000
5408 Albia Rd Bethesda, MD 20816
4 beds 4 baths $1,175,000
5408 Christy Dr Bethesda, MD 20816
4 beds 3 baths $805,000
6630 Lybrook Ct Bethesda, MD 20817
4 beds 4 baths $1,100,000
7901 Kentucky Ave Bethesda, MD 20814
Photo of 7901 Kentucky Ave, Bethesda, MD 20814 (MLS # MC8514227)
4 beds 3 baths $830,000
6114 Lone Oak Dr Bethesda, MD 20817
Photo of 6114 Lone Oak Dr, Bethesda, MD 20817 (MLS # MC8513818)
4 beds 2 baths $650,000
5210 Wapakoneta Rd Bethesda, MD 20816
Photo of 5210 Wapakoneta Rd, Bethesda, MD 20816 (MLS # MC8512582)
4 beds 3 baths $918,000
5810 Melvern Dr Bethesda, MD 20817
Photo of 5810 Melvern Dr, Bethesda, MD 20817 (MLS # MC8509821)
4 beds 2 baths 1,260 sqft $625,575
6203 Rockhurst Rd Bethesda, MD 20817
Photo of 6203 Rockhurst Rd, Bethesda, MD 20817 (MLS # MC8507799)
5 beds 5 baths $745,000
9300 Renshaw Dr Bethesda, MD 20817
Photo of 9300 Renshaw Dr, Bethesda, MD 20817 (MLS # MC8506880)
5 beds 4 baths 4,500 sqft $1,300,000
9709 Bellevue Dr Bethesda, MD 20814
Photo of 9709 Bellevue Dr, Bethesda, MD 20814 (MLS # MC8506565)
3 beds 2 baths 2,206 sqft $577,000
6506 Pyle Rd Bethesda, MD 20817
Photo of 6506 Pyle Rd, Bethesda, MD 20817 (MLS # MC8502654)
4 beds 3 baths $830,000
7500 Woodmont Ave #S318 Bethesda, MD 20814
Photo of 7500 Woodmont Ave #S318, Bethesda, MD 20814 (MLS # MC8502348)
2 beds 2 baths 1,157 sqft $689,900
5522 Mckinley St Bethesda, MD 20817
3 beds 2 baths $750,000
4960 Sentinel Dr #10-402 Bethesda, MD 20816
Photo of 4960 Sentinel Dr #10-402, Bethesda, MD 20816 (MLS # MC8500728)
2 beds 2 baths 1,768 sqft $525,000
9204 Cedar Way Bethesda, MD 20814
Photo of 9204 Cedar Way, Bethesda, MD 20814 (MLS # MC8500149)
4 beds 3 baths $810,000
5902 Greentree Rd Bethesda, MD 20817
Photo of 5902 Greentree Rd, Bethesda, MD 20817 (MLS # MC8499816)
4 beds 3 baths 1,884 sqft $745,000
4412 West Virginia Ave Bethesda, MD 20814
Photo of 4412 West Virginia Ave, Bethesda, MD 20814 (MLS # MC8496270)
6 beds 6 baths 4,483 sqft $1,500,000
7500 Woodmont Ave #S719 Bethesda, MD 20814
Photo of 7500 Woodmont Ave #S719, Bethesda, MD 20814 (MLS # MC8496448)
1 bed 1 bath $474,900
6705 Tusculum Rd Bethesda, MD 20817
Photo of 6705 Tusculum Rd, Bethesda, MD 20817 (MLS # MC8495240)
5 beds 3 baths $707,000
7716 Bells Mill Rd Bethesda, MD 20817
Photo of 7716 Bells Mill Rd, Bethesda, MD 20817 (MLS # MC8492967)
5 beds 5 baths $790,000
9929 Mayfield Dr Bethesda, MD 20817
Photo of 9929 Mayfield Dr, Bethesda, MD 20817 (MLS # MC8493330)
3 beds 2 baths $535,000
5420 Mohican Rd Bethesda, MD 20816
Photo of 5420 Mohican Rd, Bethesda, MD 20816 (MLS # MC8493307)
4 beds 3 baths 2,552 sqft $959,000
4920 Redford Rd Bethesda, MD 20816
Photo of 4920 Redford Rd, Bethesda, MD 20816 (MLS # MC8492758)
2 beds 1 bath $641,500
10324 Dickens Ave Bethesda, MD 20814
Photo of 10324 Dickens Ave, Bethesda, MD 20814 (MLS # MC8491736)
4 beds 3 baths 2,934 sqft $705,000
5929 Searl Ter Bethesda, MD 20816
Photo of 5929 Searl Ter, Bethesda, MD 20816 (MLS # MC8490663)
5 beds 4 baths $1,600,000
4801 Fairmont Ave #910 Bethesda, MD 20814
2 beds 1 bath 820 sqft $427,500
8711 Ewing Dr Bethesda, MD 20817
Photo of 8711 Ewing Dr, Bethesda, MD 20817 (MLS # MC8488405)
4 beds 3 baths 2,614 sqft $695,000

Walk Score for Bethesda



Bethesda School Data

Bethesda School Districts

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Bethesda Schools

Ashburton Elementary School
PK-5, public
Bannockburn Elementary School
K-5, public
Bethesda-Chevy Chase High School
9-12, public
Bethesda Elementary School
K-5, public
Bradley Hills Elementary School
K-5, public
Burning Tree Elementary School
K-5, public
Carderock Springs Elementary School
K-5, public
Seven Locks Elementary School
K-5, public
Walt Whitman High School
9-12, public
http://www.montgomeryschoolsmd.org/schools/whitmanhs/
Walter Johnson High School
9-12, public
Weller Road Elementary School
PK-5, public
Westbrook Elementary School
K-5, public
Westland Middle School
6-8, public
Wood Acres Elementary School
PK-5, public
Wyngate Elementary School
K-5, public
Thomas W. Pyle Middle School
6-8, public
The Primary Day School
PK-2, private
http://www.theprimarydayschool.org
Holton-Arms School
3-12, private
Landon School
3-12, private
http://www.landon.net/
Norwood School
K-8, private
Harbor School
PK-2, private
http://www.theharborschool.org/index.htm
French International School
PK-12, private
Connelly School of the Holy Child
6-12, private
http://www.holychild.org
Our Lady Of Lourdes School
PK-8, private
The Woods Academy
PK-8, private
http://www.woodsacademy.org