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Thursday, January 15, 2009

SOLD - 10959 Deborah Drive - Inverness Forest Towns - $495,000


Listed by Long and Foster

Google Map Here

Sold on 2/27 for $495,000 (With $7,500 Subsidy)


These surprisingly spacious homes are tucked away in a lovely enclave off Deborah Drive in Potomac.

Whenever you see a new listing in Potomac for under $500,000 you wonder what you may be getting. Sometimes it is a bank-owned property that is in horrible shape. Although the price of a bank-owned property MAY be below $500K, you would need $150K to bring it back into shape.

I was encouraged when I saw this property come on the market this week. A home in this price range is rare in Potomac and a reason to reach out to first time buyers that are hoping to find premiere schools. There are no lack of buyers that are looking to stretch their budgets to live in the 20854 zip code. Potomac, at under 500K....is an easy sale.

These townhomes from the outside were pretty, but also looked a bit dated. When you see a community that was built in the early 70's you are sometime in for a psychedelic experience. Loud wallpaper, avocado and harvest gold appliances, old shag carpeting....you never know what you may get. When I arrived at this home I was instantly intrigued and anxious to see what was in store.

This is an end unit townhome with a beautifully groomed garden on the side of the home. The stairs to the side entrance were field stone, and ivy decorated the wall next to the front door. So far, so good. The entry brings you into a foyer with ceramic tile. Possibly original, it was interesting, and may even be back in style. The tile upon entry was the last vestige of the 1970's I would see.

This is a lovely home. While compact, it is by no means small. 3 levels of living space surprise you at every turn. The main level has a recently remodeled kitchen, a light and spacious living room, and access to an outdoor deck that wraps around the 2nd floor of the home. The views from the side of the home overlook the garden and woods. A surprising idyllic setting for a home in this price range.

The top floor has 3 bedrooms and 2 full baths. The master suite is larger then you would expect with a small sitting area off of the main bedroom space. A full bath in the master is fitted with black fixtures which somehow work well from a design standpoint. It looks modern and has been kept in good condition. Very hip and retro. The hall bath is pink, a bit dated but again...it works. The 2 additional upstairs bedrooms are adequate size. One is more practical then the other. The smallest bedroom would be better suited as an office.

The basement is a fully finished space with direct walkout to the exterior. The slate patio and garden are accessible from here, and makes this space very attractive. This is the best spot for the TV, and leaves plenty of space to relax after a long day.

This home is a fantastic value. Kudos to the agent that listed this home for pricing it correctly and providing an environment to receive multiple offers. I don't see this one lasting on the market for more then a week, and I would expect to see it sell for close to full price and potentially more.

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