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Tuesday, October 14, 2008

Hall Road - Potomac Outside - $1,595,000


This may be one of the better values in Potomac. What? Value at 1.6 million? Read on....

This home is HUGE. From the outside it looks to be normal size. The exterior view is deceiving. Inside it has large rooms, lots of space and BIG potential. Seven Bedrooms and 4 full baths. That is enough for most extended families and even for a big Irish family like mine.

The home seems to be in good condition but needs some polish. There is stained carpet at the bottom of the basement stairs, paint looks old and seems to be generic "egg shell" white. Tres boring.

I will bet that a $7000 paint job with some decent colors will get a $50K return in final sales price. It is hard for me to believe that a homeowner in this price range would not invest the money to make this "Cinderella" the Belle of the Ball.

The master suite has his and her baths. Nice touch. The baths may need some updating, but not much. A small investment will yield big results. Color is what is missing from this one.

Landscaping is nice. Bones of the home seen good. GREAT neighborhood near the village. Located at the end of a dead end street, so you have limited traffic. I would love to own this home....

Without any dressing up, this home will sell for 1.45mm. With some money put into it, it should sell for full price. We are talking a difference of $150K here. My advice? Clear out the furniture. Replace carpet where necessary. Hire a designer to choose some soft neutral colors and paint the place. Paint the crown and trim a bright white semi-gloss and the walls some shade of ecru to make the beautiful mouldings pop.

This one is going to make some new homeowner very happy....and a good investment.

1 comment:

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