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Thursday, August 5, 2010

2508 Stratton Drive - Montgomery Square - $729,500

Listed by L & F

Google Map Here

Montgomery Square is lovely community located north of Montrose Road and East of Falls Road. Built in the late 1960's - this is one of the few remaining "affordable" communities in the Potomac zip code.

This is a lovely home on one of my favorite streets in Montgomery Square. With a brick front and extended concrete driveway - this home has nice curb appeal. Although it does not have a garage - the extended concrete drive leaves plenty of space for 2 cars.

This home has been completely updated. Windows, door hardware, switch plates, kitchen - nothing has been spared. This is a true turnkey opportunity for someone that wants an established neighborhood without the time consuming and expensive upgrading.

The colors of the fresh paint are very tasteful and timely. The carpet and decor are timeless and show very well. The kitchen is lovely with new maple cabinets and stainless Kitchen Aid appliances. The hardwood is in great shape and a large office on the first floor is perfect for someone that works out of the home.

The bedrooms upstairs are all nicely decorated and decent size. The floorplan has been reworked here to provide additional space in the master bath. It is large then most, and the space taken from the adjacent room is unnoticed.

The basement is partially finished and has room for TV and game boxes. A wall of closets can keep the kids games organized and clutter off the floors.

The yard is fenced and nicely maintained. There is a shed for tools and mowers that would normally stay in a garage. This is a nice spot for a summer cook out for all of your friends and neighbors.

With all of this said - the upgrades come at a price. At $729,500 the homeowners are looking to get every penny they spent for upgrades back out of this home. In the Churchill school cluster this price would be a no-brainer. In the Walter Johnson cluster - it is going to be tough to get this price - even if it is offered. The house a few doors down sold at $50K less just a few months back. A home on Atwell sold at $730K in May - but it had a nice addition on the back and carport which this home is lacking. Although this home has great upgrades, the appraisal will be tough, even if the price is offered.

This is a good home to watch. The tasteful upgrades may lure someone to pay the price. If they do, it will mean good things for everyone else in Montgomery Square. More likely - it will settle between $690K and $710K when all is said and done.

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