SOLD - Lancashire Drive - Potomac Woods - $725,000

SOLD - $689,200 (After $3,300 Subsidy) on 1/30

This home is much larger then it appears from the exterior.

A nice colonial in the Potomac Woods neighborhood, this one should already be sold. The home is charming on the inside and in great condition. Unfortunately, it is packed with furnishings and looks much smaller then it really is.

A center hall colonial, this home has a large living room to the right and a nice sized dining room on the left. This home also has a hall that goes straight back to a sitting area and gives the home good flow.

Everything in this home is in beautiful condition. Built in 1969, this must have gone through a complete renovation over the past few years. Nice neutral paint, great trim and a spectacular kitchen make this home a winner. Why it is languishing on the market is a mystery to me.

The basement is fully finished, and is quite large. A full bath and bedroom in the back corner would be perfect for an au pair or teenage child. The basement is below ground, but has good light from the glass brick windows. This area too is packed with stuff. This home would look completely different if it were just a little bit less cluttered.

The price is right at $725K. It may be the upper end of the neighborhood, but it is also completely renovated and ready to move in. The kitchen is a beauty, and the fenced yard is filled with azalea and rhododendron. What would I do? I would repaint the shutters outside a less garish color. The current teal color is out of place and unattractive. Other then these small items, someone should scoop this one up soon.

This home should sell for somewhere close to $700,000. Anything less then that is a bargain for the buyers. The current owners paid $810K earlier this year. Their loss is your gain. Call me for an exclusive showing. I know this home inside out...

Purcell Court - McAuley Park - $1,975,000

Someone has to remind Potomac area sellers that we are in a "buyers market". It is no longer 2005 when you could put almost any price on a home and get attention.

McAuley Park is located off of Kentlands Drive in Potomac. A lovely community, this area has lots of home all $1mm and higher. This home is on a lovely cul-de-sac and beautifully sited on a 1/2 acre lot. Built in 2000, this home is in good condition and shows well.

With 6 bedrooms and 5.5 baths, this home has plenty of room for a family. With high ceilings and nice room sizes it is what you would expect from a 1mm+ home in the Potomac area. The colors are neutral, the home well decorated and it is easy to visualize what it would look like with YOUR furnishings inside.

So, what is the problem? The price. This home is 300K overpriced. There is so much competition in this price range. This home does not hold a candle to its competitors in the $2mm range.

Normally I would blame a mis-priced home on the agents. More and more I am finding that even the great agents in our area are not able to talk sense into homeowners. Unfortunately, when this happens, everyone loses.

This home will languish on the market at this price. It may stand a chance of selling at $1.695mm, $300k less then its current list price. With that said, it would probably settle at between $1.6mm and $1.65mm when the papers are finally signed.