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Tuesday, October 13, 2009

11710 Admirals Court - Potomac Hunt Acres - $847,000

Listed by Long and Foster

Google Map Here

Potomac Hunt Acres is located just off River Road a few miles north of of Potomac Village. There are a mix of home styles in the community. Some of these homes have been renovated and some are just waiting for a makeover from new owners.

This colonial is located at the end of a quiet court surrounded by trees. With almost 1.4 acres, this lot is has plenty of potential. Built in 1960, this home is build solidly with a brick exterior. With oil heat an attic fan, this home was built before air conditioning was in vogue. This will be an upgrade that will probably be a priority with new owners.

This colonial has lots of potential. The attractive brick exterior is partially hidden by overgrown shrubs and beds. A bit of TLC and mulch will make a big difference in a first impression here. The foyer and first floor have hardwood floors and attractive mouldings. The living room is large with a masonry fireplace and an exit to a large screened porch. The kitchen is vintage with a good design. A large butler pantry off the kitchen passes through to a large family room with additional fireplace. The knotty pine paneling in dated but makes for a cozy feel. A half bath completes the first floor.

The curved staircase brings you to the second level. Three teen size bedrooms are serviced by a full bath. The master is good size with plenty of closet space. The shelving is unfinished and a bit rough, but this would be replaced in the renovation.

The basement although partially finished is a complete re-do. There is a welled exit from the basement, and a full bath (Tub not shower) ready for update. The laundry is located here and there are lots of raw lumber shelving that is not very attractive. The fabulous part of the basement is the ceiling height - which is at least a foot higher then most homes. This will allow for a very comfortable, spacious finished space once renovated.

This home is in a nice community with lots of potential. It would be difficult to call this anything other then a complete renovation. It is very dated, but built solidly. The price reflects the condition of this home and assumes it will be a renovation. The question becomes, how much will the renovation cost, and how long will it take? My guess is to fully renovate will cost between $200,000 and $300,000. Where does the sales price have to be to get this home sold? I am guessing below $800K with a final sales price between $725k and $775K.

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