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Sunday, March 28, 2010

2300 Downham Way - Potomac Woods - $769,500

Listed by Coldwell Banker

Google Map Here

Potomac Woods is a lovely community of single family homes on the east side of Falls Road in the Richard Montgomery Cluster. Usually one of the better values in the Potomac market, those who do not mind the Richard Montgomery schools can get a bargain.

This home is the sole resident on Downham Way. Located near the water tower - this home is a corner lot with great curb appeal. A nicely maintained lawn - and painted brick front - this home begs you to come inside.

This is a colonial with a small tile foyer. The living room has been converted into a billiard room - with brown decorative paint and nice patterned carpet. A bar in the corner of the room will make this spot a favorite for pool players. A small powder room with high end vessel sink is lovely. The sink does not convey - and a sign promises it will be replaced before settlement. A small office is adjacent - and opens into a beautiful kitchen extension.

The kitchen is not large but beautifully finished. Granite and high end appliances complement the warm wood cabinetry. Lots of storage and separate pantry with sliding drawers will make any cook happy.

The kitchen opens to a back family room and dining room with skylights and cathedral ceilings. A nice bright room - the drywall will need to be repaired where seams are popping in many spots on the wall. Even with this problem - this is very nice space.

Upstairs are 2 nice size bedrooms and a lovely master suite. One of the bedrooms has been converted to a sitting room for the master. This could be converted back to a fourth bedroom if really needed.

The basement is finished very well. Although not large - the recreation room is well lit and cozy. A great place to watch movies or relax in front of a game. Laundry is also on this level as is a bath with shower. There is also some storage on this level.

This is a very nice house that shows like a model. If it sells at the list price of $769,000 it will be the highest sale in the subdivision in the past year by almost $100,000. This will have a tough time appraising - even if it does sell at full price. Although I am sure that with the improvements made - someone could justify the list price - it will be the most expensive home in the neighborhood.

I think this is a great home - but will have trouble selling at this price. This is more likely to sell in the $700K range when settlement does take place.

2 comments:

  1. I am not sure I understand why the Richard Montgomery Cluster of houses is less desirable than Churchill or Wooten. It is ranked higher on Newsweek and the Washington Post index of High Schools. Please explain.

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  2. You are correct! Richard Montgomery has been ranked quite highly in many publication. It is difficult to explain why perceptions of the public develop and why they foster these opinions.

    Unfortunately - Perception IS reality. Currently - Churchill and Wootton are the schools of choice for the Potomac area.

    There are many that have raised families in the Richard Montgomery cluster and have had their kids accepted into the finest colleges in the nation.

    For those willing to really look into the schools and become comfortable with how good Richard Montgomery really is - There are bargains to be had on housing.

    I hope this makes some sense. THANKS FOR READING!

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