Chevy Chase

By themarylandrealestateexpert.com

Chevy Chase Past to Present
Today's Chevy Chase, Maryland is located on Connecticut Avenue North of Washington DC.  Chevy Chase Maryland homes extend from Maryland, inside the Capitol Beltway, to just inside Washington, DC.   The town of Chevy Chase is located near Friendship Heights, a popular shopping district that includes several different malls and a plethora of retail shops, boutiques, and restaurants.  Please read on if you are considering purchasing Chevy Chase Maryland real estate, this article contains pertinent information on this town.

History

The town of Chevy Chase Maryland was established in the late 19th century; prior to this it was considered unincorporated farmland.  Senator Francis G. Newland of Nevada and his business partner began to aggressively acquire land in Northwest Washington, DC and in southern areas of Montgomery County, Maryland.  They planned to develop a residential streetcar suburb for the District of Columbia.  In 1890 the Chevy Chase Land Company was formed, owning roughly 1,700 acres of land that extended along present day Connecticut Avenue.  More specifically, the company’s acreage stretched from Florida Avenue in the District, north to Jones Bridge Road inside I-495.  Developers carefully planned this town in order to preserve its natural beauty in the fashion they believed fit.  In order to preserve this vision, they set landscaping and architectural standards that far surpass the standard of the time. This accomplishment is evident in the pleasant environment this town provides today. 

Present Day

Currently the town is governed by a five member elected town-council.  This includes the town’s mayor.  In addition, the town boasts many committees that are comprised largely of volunteers.  One such group is the Tree Committee, whose charge is to help Chevy Chase keep the natural beauty it has become known for.  Another is the Traffic Committee, which helps advising on all the traffic issues from speeding to sign violations. 

Famous people who have resided here

• Ted Lerner: Washington Nationals Owner
• TV personality Chris Matthews
• The 17th and also current United States Chief Justice John Glover Roberts
• The former president of world bank and former Deputy Secretary of Defense Paul Wolfowitz
• U.S. Military Commander Anthony McAuliffe
• Former director of Central Intelligence George Tenet
• The chairman of Chevy Chase bank B. Francis Saul II

Relevent market statistics from MRIS

According to the MRIS from October 28th to November 28th 2007 this town has 26 active properties ranging in price from $163,000 to $3,500,000.  Three properties have gone under contract ranging in price from $824,900 to $1,279,000.  During this 30 day period there was one property that has sold.