10208 Gary Road - Potomac Hills - $2,880,000

Listed by Long and Foster

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Potomac Hills is located just off River Road very close to the village. A mix of old and new upscale homes, this is a desirable address for those looking for close in Potomac.

This is a lovely 2 year old home in the Potomac Hills community. This large Craftsman style home has great curb appeal and lots of extras. The 3/4 acre lot is nicely landscaped with a circular driveway and 3 car garage.

This home is striking. A slate porch wraps around the outside of this home and is actually large enough to use. The custom front door brings you into an open foyer with high ceilings and open floor plan. It is difficult not to love what you see.

There is lots of lovely trim in this home. Wainscotings and coffered ceilings are nice touches on walls and stairwells. The wood floors are lovely and field stone on the fireplaces is a nice contrast. The large sun room in back is adjacent to a beautiful kitchen with all the latest appliances and lovely cherry cabinets.

The bedroom on the first floor will appeal to many. The master bath is what you would expect in a home in this price range. It is large and well crafted.

There are 4 additional bedrooms on the second level. All are large and have 4 full baths to service them. There are 2 additional bedrooms on the third level. There is another large full bath on this level with plenty of room to share.

The basement is large and fully finished. There is a nanny suite downstairs and a large recreation area with beautiful stone fireplace. A large stone faced area way takes you outside for full exterior access.

There is no doubt that this is a beautiful home. Large, great location and all the latest features. The problem is the price. The owners bought this at the height of the market and have priced it for sale above what they paid for it in late 2007 ($2.735mm). The market in this segment has dropped significantly since they bought and settled.

In some segments of this market prices have dropped as much as 25%. There is a lot of competition in the upper brackets in Potomac. There is a home at the corner of Norton and River (10100 Norton) and another at 10306 Norton that are much better values. Both of these home have been recently reduced, 10100 Norton by over $500K and 10306 by $99K. I suspect this home will linger on the market and will ultimately sell in the low $2mm range.