7718 Whiterim Terrace - Fawsett Farms Manor - $799,000

Listed by Long and Foster

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Fawsett Farms is a community of single family and attached homes near the intersection of Belmart and McArthur. This is on the Bethesda side of Potomac and is located in the Walt Whitman school cluster.

This is a nice attached town home with contemporary flair. These homes have 3 levels and the community spaces feature cathedral ceilings and good flow.

This home has a nice courtyard entry done in paver stone. It gives a Georgetown feel to the outside which is all brick. The hardwood foyer abuts the kitchen on the right side which is done in elaborate faux finish. You feel as though you are in a Mediterranean home with stone walls and rich colors. The kitchen is nicely equipped with high end appliances and custom tile back splash.

The hardwood flows throughout the first level and leads back to a dining and family room in the back of the home. A door leads out to a deck which has nice views of a communal yard and lots of woods. This would be a nice place to sip coffee in the morning and watch the omnipresent deer nibble the landscape.

The stairwells are elaborately faux painted to bring the Mediterranean design. The upstairs has 2 kid size bedrooms that are also elaborately decorated and painted. The master bedroom has his and her baths. This feature is a trademark of these homes and is quite popular.

The basement has a walkout to the yard, a nice family room and an elaborately decorated office.

This is a nice home, but is very ornate. This will appeal to some and turn off others. Although it may not be to every ones taste, I am sure it was expensive to create. Someone that likes the rich colors and over the top design will get a bargain buying this home.

This home is a bit difficult to see as it is by appointment only. The agent is doing a great job drumming up business, but will need more cooperation from the seller to get it sold. When you have a home that is far away from neutral design, you need to give it great exposure. The more people that see it, the more likely you will find someone that appreciates the decor.

I see this on staying on the market for a while at this price. The last unit sold of similar design settled on 4/17 for $612,000 and more recently another settled on 5/15 for $594,000. In order to get this sold it needs to be repriced around $660K. Above this level, even if it sells, the appraisal will be tough. I'll keep everyone posted of progress.