Pages

Tuesday, June 9, 2009

10220 Democracy Boulevard - Camotop - $2,245,000

Listed by Optima Properties

Google Map Here

Camotop (Potomac Spelled Backwards) is a high end community of custom homes bordered by Democracy Boulevard. The price range in this community is from $1mm to $10mm on mostly 2 acre lots. This community is in the Churchill school cluster and is usually on the must see list for $1mm plus buyers.

This home is located directly on Democracy Boulevard and has an attractive (And expensive) metal fence. The landscaping is elaborate and the home has nice curb appeal. The new owners will want to trim back some of the shrubs and trees which are becoming overcrowded and a little overgrown.

The two story foyer is nice with lots of light from front windows. A formal living room and dining room are on the right side of the home with elaborate mouldings and a wallpapered ceiling. The kitchen is smaller then I expected with good light and yellow paint. A breakfast area looks out over a lovely back yard with plenty of room for a pool and tennis court.

The family room is cozy with high ceilings and a nice fireplace. There is also a library on this level that has nice built in shelving and is ready for your books and computer.

Upstairs has a central Master suite with a nice master bath and two nice closets. The closets are a mess and need to be cleaned. They are stuffed to the gills with clothes and clutter which makes the space seem very small. There are 3 other bedrooms on this level, one en-suite. These are decorated as kids rooms and will either thrill a buyer with children or deter those without. Repainting to make these rooms more neutral will make these rooms show better.

The basement is fully finished with a nice size family room with space for a home theatre. A large bedroom and full bath on this level is a nice guest suite or place for live-in help. There is also storage on this level but the rooms are chock full of stuff that looks as though it has just been thrown in this room. It needs to be cleared and cleaned to give the agent a shot at selling this home. It does not show well as it is.

The best part of this home is a 5 room office attached to the home. A former in home medical office is completely built out including reception area and bathroom. This would be a fabulous find for someone that wanted to expand their practice to their home. The location offers signage on busy Democracy Boulevard and a turnkey solution for a professional looking for this type of space.

This home is perfect for someone that does not need a super large Potomac home. The office is the wild card here. A successful professional can have their practice pay rent which will offset their regular mortgage payment (See your accountant for details).

At $2.245mm this home is a tough sell. Once you get into the $2mm range, you face intense competition. If the seller can find someone looking for the large home office they stand a chance at $2mm. Realistically, this home will sell at somewhere closer to its assessed value of $1.8mm.

No comments:

Post a Comment