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Wednesday, February 4, 2009

SOLD - 12204 Seline Way - Fallsreach - $949,000

Listed By Long and Foster

Google Map Here

SOLD on 2/26 for $925,000 (net subsidy)

This is a nice brick home on a 1/3 acre lot in Fallsreach. On a quiet street, this treed lot provides plenty of shade and backs to Watts Branch Stream Park.

Although traditional colonial on the outside, this home is decorated in a modern style inside. You will get a whole different perspective on how a colonial can look with different decor. You will see lots of mirrors and built in laminate furniture.

The home is clean and bright and shows well. The kitchen is updated and done in white. The breakfast area is adjacent to the windows and provides a beautiful vista to the large backyard and park.

The upstairs bedrooms are all good size. There are laminate built-ins in these rooms, this style may not be to everyone's taste. There is a full bath, a half bath and a laundry room all bunched together in one corner of the house. I have never seen this design, and don't quite understand the reason for bunching the baths in one spot.

The basement is fully finished and open. Plenty of light from the walk-out, this is a great place for a home office, home theatre or playroom for the kids.

This home is priced well at $949,000. It directly competes with the home on Reach Way in Fallsmead, and at least for now is a more compelling value. I see this one going under contract for $925,000

Tuesday, February 3, 2009

CONTRACT - 12113 Reach Way - Fallsreach - $949,999

Listed by ReMax

Google Map Here

Fallsreach is located on the west side of Falls Road near Montrose. As you travel south along Falls Road from Rockville, the home prices on the West side of Falls escalate as you get closer to Potomac Village.

This Mitchell and Best home was built in 1981. Located on a nice corner lot, the brick front gives it nice curb appeal. The driveway faces on the cul-de-sac which makes for safe entry in and out of the garage.

This home has a "modern" feel. The foyer is open and spacious. The light colored tile floor makes the open space seem larger. The family room has a stone fireplace and wet bar and the kitchen has been redone within the past few years. According to the listing agent, many of the major systems have also been upgraded.

The bedrooms upstairs are all adult sized. The Master bedroom is large with an original step up bathroom and sunken tub.

The home would show better without the furniture. All of the furniture is very large and makes the rooms look cramped. There is also a funky smell in the master bath. It could be bad cologne, or maybe some must.

The price seems fair based upon the space and condition of the home. It seems that most homes are settling at 5% less then list. This one should settle at $915K.

Monday, February 2, 2009

10 Hearthstone Court - Horizon Hill - $720,000

Listed By Coldwell Banker

Google Map Here

Horizon Hill is a family community on the Rockville side of Potomac. This community feeds into the Richard Montgomery HS cluster.

This home is at the end of a quiet cul-de-sac. With a Tudor front elevation, this home has some unusual design features that may not be to everyones taste.

This is a good sized home. With 4 bedrooms upstairs and a possible 5th BR or office on the first level, this home can house a large family. The basement is finished with a full bath and has plenty of room for kids

The kitchen is updated in the last 10 years and is in decent shape. The powder room on the main level is mirrored with black fixtures....groovy 1980 style.

The back of the home is bumped out with a bar and breakfast area. This unexpected space has great potential. A former owner must have been a brick mason, or tile installer. From stone floors, to updated tile and granite in baths to a stucco finish on all interior walls...this decor will not be to attractive to the majority of buyers. These finishes will be very expensive to change, so you have to love it. I feel this finishing job will prevent the home selling near the list price.

The home is clean, large with lots of potential. Any offer will probably reflect the cost to redesign the walls and stucco finishes. I see this one finally selling around $640,000.

Sunday, February 1, 2009

2507 Chilham Place - Montgomery Square - $619,000

Listed by Long and Foster

Google Map Here

This is a nice Kettler built colonial with great curb appeal in Montgomery Square.

Montgomery Square is a neighborhood under renovation. A new generation is moving in and updating the homes. The schools and affordable homes are a big draw to those who want the 20854 zip code on budget.

This home has been brought up to date with nice upgrades to the baths and kitchen. The bath tile and creative colors are going to be attractive to those with kids. Based upon the traffic at open houses these past few weekends, it seems like ALL the buyers were families with kids.

The basement has been finished and has a full bath. The newer carpet makes the area look bright, but the storage room is narrow and scary and should be decluttered.

The location of this home is only about 100 yards from Falls Road. The backyard is fenced to keep the kiddies in, and safe. Although these is some noise associated with Falls Road, I did not hear any while inside the home.

This home seems to be priced a bit high. It is new to the market, so sometimes the initial price may be a bit high while testing the waters. The home immediately across the street is a bit smaller and not as nice. It was sold about 3 weeks ago and just settled for a net price of $525,000.

This last sale may make it tough to get above $600K for this home. Although this house is a bit nicer and maybe a bit larger, it is not $94,000 better. Either the buyer of the recent sale stole the home, or these folks will have to settle for $560K.