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Friday, January 29, 2010

9629 Accord Drive - Concord - $975,000

Listed by WC & AN Miller

Google Map Here

Concord is a neighborhood on the left side of River Road as you approach Potomac Village from the Beltway. Just after the speed cameras, Accord Drive is on the left - a quick walk to The Village.

Homes here do not turn over often. Most are about 50 years old. There is a mix of colonials, splits and split foyers. Many homes in the community have been updated - some beautifully.

This home is a split level on just over 3/4 acre. The home is showing its age. The exterior and landscape need some urgent care and it seems the home is being marketed as a tear down for a lot as opposed to a renovation.

The home seems solidly built with hardwood floors throughout. The living room and dining room are on the small side - typical of splits built in the late 50's and early 60's. The kitchen is small with a view of the back yard. The bedrooms upstairs are teen size with a smaller Master Suite.

The lower level has a large Family room with fireplace. A full bath, laundry area and one car garage finish out this level. There is a basement which is unfinished with plenty of room for storage. There is a side exit door as well on the lower level. On the exterior at this exit is a greenhouse attached to the side of the home.

This is obviously an estate. The home is not yet cleared out with loads of boxes and possessions throughout the home. It seems to be mid-way through clean out. Because of this it does not show very well and needs to be thoroughly cleaned.

This home has LOCATION on its side. Close to Potomac Village, great Potomac Elementary and Churchill School Cluster and nice neighborhood all are positives. Although marketed as a knock-down, this is better suited as a re-hab. With $150K of work, and the potential of expansion, this home can be given new life. The price is unrealistic at this point for either a knock down OR re-hab. It will have to come down quite a bit to be attractive as either.

At the current price this home will linger for a long time in this market. It has already been on the market for 8 months without a reduction in price. A larger home sold down the street with renovations done at just under $900K with a much larger lot. I think this home becomes attractive at well under $800K.

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