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Thursday, December 3, 2009

11035 Candlelight Lane - Old Coach Square - $369,900

Listed by Coakley Realty

Google Map Here

Candlelight Lane connects Tuckerman Lane and Gainsborough Road in Potomac. This is a good central location with schools in the prestigious Churchill cluster. The Olde Coach Square is a group of condominiums backing to the Mclean School just off Candlelight Lane.

Whenever I see a property for sale in Potomac below $400K I get excited to see it. With 2 bedrooms and 2 full baths, it seemed like a lovely starter home for a family that wants Potomac schools.

This condo is located in a small 12 unit complex set back in a single family neighborhood. The building was sturdy brick, and the unit for sale was accessed from the side of the building. This is a ground level condo with an entry that is a bit overgrown with shrubbery. This is unusual in condominiums which usually provide exterior maintenance of a building. There are two full size windows facing the front that are completely obscured by the landscape. If removed or replaced, it may bring a lot more light into the unit.

The tile foyer is covered by indoor outdoor carpet runners. I am not sure why, as the tile is already old and dirty, but it looks horrible. There is a step down living room on the left with a sliding glass door to the back yard and small brick patio. A breakfast area - dining room is on the right. Large enough for a small table.

The kitchen is old and very dirty. I wonder why this place was not professionally cleaned before it was put on the market. It would look so much nicer if you were not afraid to touch things.

The bedrooms are average size and the baths, consistent with the rest of the unit are dirty and dated. The carpet is stained and will need to be replaced throughout the unit.

There is a decent size utility/laundry room that has a washer dryer and furnace and a/c unit. This also needs some cleaning.

This is a unit that will need lots of vision to fall in love with. If you did a complete rehab and added extra ceiling lights it could be an attractive place in a good location. With that said, the price of $369,900 is no bargain. There are not any comps for this property or complex to come up with a reference price. I say this will sell at much less. Look for this one to linger on the market for some time.

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