7718 Whiterim Terrace - Fawsett Farms Manor - $779,000

Now Listed by WFP

Google Map Here

Fawsett Farms is a community of single family , Villa Homes and Townhomes near the intersection of Belfast and MacArthur. This is on the Bethesda side of Potomac and is located in the Walt Whitman school cluster.

This is a nice attached town home with contemporary flair. These homes have 3 levels and the community spaces feature cathedral ceilings and good flow.

This home has a nice courtyard entry done in paver stone. It gives a Georgetown feel to the outside which is all brick. The hardwood foyer abuts the kitchen on the right side which is done in elaborate faux finish. You feel as though you are in a Mediterranean home with stone walls and rich colors. The kitchen is nicely equipped with high end appliances and custom tile back splash.

The pickled oak hardwood flows throughout the first level and leads back to a dining and family room in the back of the home. A door leads out to a deck which has nice views of a communal yard and lots of woods. This would be a nice place to sip coffee in the morning and watch the omnipresent deer nibble the landscape.

The stairwells are elaborately faux painted to bring the Mediterranean design. The upstairs has 2 kid size bedrooms that have been re-carpeted and painted a neutral color. The master bedroom has his and her baths. This feature is a trademark of these villa homes and is quite popular.

The basement has a walkout to the yard, a nice family room and an room that can be used as an office.

This home is a bit difficult to see as it is by appointment only. The agent is doing a great job drumming up business, but will need more cooperation from the seller to get it sold. When you have a home that is far away from neutral design, you need to give it great exposure. The more people that see it, the more likely you will find someone that appreciates the decor.

I see this one staying on the market for a while at this price. The last unit sold of similar design settled on 4/17 for $612,000. Even if the home is sold at full price, it will have a very difficult time appraising. In order to get this sold it needs to be repriced around $699K.

7801 Whiterim Terrace - Fawcett Farms Manor - $749,000

Listed by WC and AN Miller

Google Map Here

Fawcett Farm Manor is a popular destination for first time buyers in Potomac. These 3 level town homes provide a good entry point into an otherwise cost prohibitive market.

This contemporary end unit has been updated and well cared for. The unit shows well and the additional windows on the side of the home provide lots of natural light. The kitchen has been updated with stainless appliances and granite. An additional investment to update the cabinets would have been worth the money, as the kitchen still looks dated with the improvements.

The carpet on the first level is decent shape and the family room area is bright and in good condition.

The basement is carpeted and has a full bath. There is a bedroom and recreation area in this space as well.

The upstairs has 2 kid sized bedrooms and the signature his and hers bath in the master suite. This feature is still beloved by all that look at this town home design.

The agent took the time to make a list of all the improvements in the property over the past six years. The last few units to settle of this type had final sales price of $594K and $612K. This is going to need some help appraising.

The assessed value of this property is probably a more realistic sales price then the current list. It may take some time for the owners to come to the same conclusion. This should settle between $600K and $625K when the papers are signed.