SOLD - Stable Lane - River Falls - $899,900

SETTLED 1/12/09 $865,000

For anyone wanting to live in the River Falls subdivision, this is a great value.

Anyone buying this home is taking on a project. Built in 1968, this home still has the avocado appliances in the original kitchen. This is going to be a complete re-do.

The good news for anyone buying this home is the neighborhood is "Blue Chip". A few hundred thousand invested in updating this home will come back in full. The location, schools and neighborhood will easily support the increase in value.

This home is already assessed at $1.25mm. The lot is a level and usable 1/3 acre. This home screams potential. How often do you get a chance to buy a home in a Potomac neighborhood of this pedigree for less then 1mm? I will answer for you...almost never.

The only issue I had with this home was the master bedroom suite. It will have to be reconfigured to better fit today's style. It is large and takes up at least a third of the upper level. My instincts tell me that a consult with an architect could deliver amazing results with this space.

This home is one of the few I have seen in the past few weeks priced correctly from the start. Although it may not sell at the $899K asking price, it will generate enough attention to get sold. I see this going for $860K. In this tough market, this is the first step in getting a home sold. Kudos to the listing agent. I see this one sold within 30 days.