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Tuesday, February 17, 2009

SOLD - 10019 Gable Manor Court - Potomac Village - $1,050,000

Listed By WFP

Google Map Here

SOLD for $955,000 on 3/23/09

There is a lovely community of homes between Counselman Road and Falls Road in Potomac Village. Initially developed for empty nest Potomac folk, all of these units have first floor master bedrooms and many have elevators.

It is difficult to try and place a value on these properties as there has not been much turnover. These well kept attached properties have community maintenance that is covered by the $300 a month homeowners association fee. This is very attractive to those that are not longer willing or able to do yard work on their own. Because of the convenience to shopping, the library, post office and main roads, this area is always in demand.

This 3 bedroom and 3 full bath home is built on slab and has a first level master. The home has many Victorian design features that are attractive on the inside and out. The home is set up as a center foyer with small living room and dining room in the front of the home and kitchen and breakfast area in the back. An attractive feature for the older set is an elevator that takes you upstairs.

The kitchen is original and a little dated, but cozy and efficient for a couple or very small family. Upstairs has two additional bedroom suites with full baths, one currently being used as an art studio. The decor is nice with light colored wallpaper in the foyer. The art throughout the home is very pretty and adds to the viewing experience.

This home is priced at $1,050,000. It is tough to determine a value in this market. There are not any recent comps to go by over the past few years. It is hard to imagine that a home this size would warrant more then a million dollars. I suspect it may sell at less, maybe as much as 10% less then list once a buyer is found. I will keep an eye on this one to learn a bit about this segment of the market. I will keep everyone informed of final price.

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