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Wednesday, May 27, 2009

7801 Whiterim Terrace - Fawcett Farms Manor - $749,000

Listed by WC and AN Miller

Google Map Here

Fawcett Farm Manor is a popular destination for first time buyers in Potomac. These 3 level town homes provide a good entry point into an otherwise cost prohibitive market.

This contemporary end unit has been updated and well cared for. The unit shows well and the additional windows on the side of the home provide lots of natural light. The kitchen has been updated with stainless appliances and granite. An additional investment to update the cabinets would have been worth the money, as the kitchen still looks dated with the improvements.

The carpet on the first level is decent shape and the family room area is bright and in good condition.

The basement is carpeted and has a full bath. There is a bedroom and recreation area in this space as well.

The upstairs has 2 kid sized bedrooms and the signature his and hers bath in the master suite. This feature is still beloved by all that look at this town home design.

The agent took the time to make a list of all the improvements in the property over the past six years. The last few units to settle of this type had final sales price of $594K and $612K. This is going to need some help appraising.

The assessed value of this property is probably a more realistic sales price then the current list. It may take some time for the owners to come to the same conclusion. This should settle between $600K and $625K when the papers are signed.

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