Fox Hunt Lane - Potomac Outside - $1,150,000

Listed By WFP

What a nice piece of properly! This home is walking distance to Potomac Village, backing to multi-million dollar properties on a level 2 acre lot.

This split level was built in the late 50's and never truly updated. The original kitchen, baths and tile make this home a blast from the past. There were probably some great parties here over the years. The pool would be a great setting during the hot D.C. summers when homes did not have air conditioning.

It is really not worth saying too much about this home, as the value of this property is in the land. One block off River Road the home is surrounded by much larger properties. Its proximity to the village makes it an attractive knock down and the 2 acre lot would allow a larger home or McMansion. The only problem is the economy. Developers are finding it difficult to find the construction and development money for the upper bracket properties.

This home would be a great value for someone at $1,000,000. The lot could easily support a much larger home and as an owner occupied property, construction money is more easily available.

I see this one selling at between 1mm and $1,050,000.