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Friday, February 5, 2010

8223 Tuckerman Lane - Highland Stone - $600,000

Highland Stone is a mix of split levels, colonials and ramblers built in the mid to late 1960's. Tucked in between Tuckerman and Falls Road the convenient location and Chrurchill schools keep this community in high demand.

This home is right on busy Tuckerman Road. For some this will be convenient - for others it will just mean road noise and potentially dangerous traffic. This brick and frame split does not look bad from the exterior. When I saw this was a "short sale" I was curious what I would find inside.

The foyer is tile with a dated powder room on your right side as you walk in. The kitchen has pinkish 12x12 tile on the floor with pink counters and white appliances. A half wall separates the kitchen breakfast area from the family room

You step down into the family room which has parquet flooring. A fireplace is the focal point in the room which also has a door to the basement. The basement is finished, but cut up in a disorganized way. It looks like there was an apartment down here as there is a small kitchen and very small bedroom. There has been water leakage in the past as there are areas that are very musty. There is also a full bath - but all of the basement is a renovation.

The upstairs has 3 small bedrooms and a master suite. The baths are in rough shape and will need to be re-done. A door leads you up to a finished attic space that was built as an office. A wall air conditioning unit leads me to believe it gets very hot in the summer. Nice potential bedroom or spot for expansion with a renovation.

The price tag of this home is going to get a lot of attention. Once again though - you are getting what you pay for. With all of the work this will need even $600K is too expensive. It is probably worth $525K as-is. This is also a short sale. Any offer will have to be approved by the bank before it can proceed to settlement. In my experience this is a home for a professional to renovate and buy with cash. The bank is going to be difficult to negotiate with. Caveat Emptor on this home. Know what you are getting into!

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