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Thursday, January 28, 2010

9813 Betteker Lane - Glen Park - $599,000

Listed by L&F

Google Map Here

Glen Park is a community of single family homes built in the late 1960's. A mix of styles, this is one of the few spots in Potomac to find a contemporary design. This contemporary home is on a sloped lot with about .35 acres of ground.

This home is not very attractive from the outside. The grounds are not tended and it looks like it has been some time since anyone has given this any TLC. The listing description is up front - this is a great candidate for rehab for the right buyer.

This is a split foyer with a wood exterior. The front door leads you to a small foyer on the lower level. To the right is a large family room. It is chock full of boxes with a ceiling that is completely in disarray from previous damage. The floor is concrete and you can see where 12x12 tile has been stripped from the floor. the bath on this level is functioning, but will need rehab. The base mouldings are gone - leading me to believe that maybe it was water damage from the ceiling in the adjacent Family Room. There is a bedroom completely filled with boxes that is impossible to navigate. A storage and laundry area finished out the space - also in disarray.

A LOVELY open tread contemporary wood stairway leads you upstairs. The room upstairs faces the front of the house and is filled with light. This space is organized and neat and nicely decorated. What a difference from downstairs. The kitchen is updated with granite and looks out on the upward sloping back yard. The 3 bedrooms are decent size with baths that have been updated at some point. Overall, the upstairs is not in bad shape.

After scratching my head trying to figure out this house I gave up. Although at $599,000 it is priced low for the area - it will need a lot of work. There is a similar home under contract that was listed for $719,000 on St. James. This home was completely redone and shows what the subject home "Could Be". I don't think St. James went for full price. Let's say $699K. With that said, I wondered if $100K could make this home look like St. James. The answer is no.

I would much rather pay more for St. James and get a home I could move into. This home could be a year long project with lots of surprises. If someone could pick this one up at $525,000 - it would make sense to renovate.

Not afraid of renovation? E-mail me and lets see it. Potomac is a great investment.

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