HAPPY THANKSGIVING! Can you say turkey?
To celebrate Thanksgiving Day, I am featuring a listing in Potomac that is $1mm overpriced.
Don't get me wrong, this is a beautiful contemporary home in one of the more exclusive communities in Potomac. Open and airy with lots of amenities, this home has it all for a luxury buyer. The problem is there are 20 other comparable homes on the market in Potomac at a significantly lower price tag.
This home has 5 bedrooms and 5 full baths on the upper level. The main level has a unusual design. The rooms are not palatial, and have good scale. I expected them to be a bit larger based upon the price. A small sun room and small sunken study off were the only rooms out of scale.
The basement is large, and finished. There are two additional bedrooms on this level that can be used for an au-pair or maid. There is also plenty of room for Billiards, Home Theater and exercise room.
The backyard has a pool and pool house, and is nicely landscaped. The lot is approximately two acres, and is completely fenced in the back.
Is the cache of the neighborhood worth a large enough premium to warrant this price? Only time will tell. If you based your guess on review of the competition for similarly appointed homes in the area, it would be a tough sell. The competition in this market is ferocious. It is my guess that this home will sell at between $3.0mm and $3.2mm when all is said and done.
Posts
No comments:
Post a Comment