SOLD - Chilham Place - Montgomery Square - $549,000

SOLD for $530,000 on 1-26-09 ($525K Net after subsidy)

Montgomery Square is located just off Falls Road near the edge of Rockville. It was built by Kettler Brothers in the mid 1960's, and has seen 3 or more generations of kids raised and educated in the fabulous Churchill school cluster.

This home at $549,000 is a good value. It needs some help cosmetically, but most homes (And Agents) need a face lift after 40 years. The home has not really been updated except for some new Pergo style flooring in the family room and basement. Although dated, the kitchen and baths are functional. These can be updated as the new homeowner wishes.

With a bit of color and new paint, this home will look completely different. It has good bones, but needs some design help. A coordinated color palate and a paint job will update the look without breaking the budget.

This home is located right off Falls Road. I would be marketing this to a professional that can set up a home office. Accountant, CPA, Insurance....all of these professions can benefit from convenient access to the public. The flip side to this convenience is the traffic noise from Falls Road. I think this is a small price to pay for the good schools, convenience and price of this property. This should sell for $525,000 once ratified.