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Friday, November 20, 2009

13509 Maidstone Lane - Rivers Edge - $1,050,000

Listed by Long and Foster

Google Map Here

Rivers Edge is a lovely community of custom homes about 5 miles out River Road from the Village. On mostly 2 acre lots, the homes are mostly upscale and built in the mid-1980's.

This home is one level rambler with a circular driveway. The landscaping is elaborate - though could use some TLC. At one point in time this was a showplace. It won an award for landscape design in 1996. There is a small greenhouse built behind the garage ready for someone with a green thumb to reclaim.

The slate walk brings you up to a slate porch and the front door. You enter into a large grand foyer that is large enough to host a cocktail party. Though the tile there is a bit dated, this is still great space. A huge living room on the right side of the foyer is more space for the party to flow. With embassy sized rooms, this home immediately appealed to my entertainment genes.

The dining room is on the right side, and is large, but modest compared to the foyer and living room. The kitchen is very nicely designed, but needs an upgrade. With original appliances and old counters it is a perfect candidate for a redo. The family room is lovely with a full stone wall fireplace and wet bar. Great spot for cognac and conversation after dinner.

The living quarters is in the right wing of the home. The master is large and bright with windows all along the back of the home. The bath is nice with a sunken tub and separate shower. Although dated, this room held up well. There is a small bedroom currently used as an office, and another large bedroom with nice sized hall bath.

The basement is accessed from an open stairwell in the foyer. You open the door to a enormous room that is fully carpeted with daylight access to the back yard. There is an office here, a bedroom with full bath and plenty of storage. Loads of potential for the next owners.

The back yard is beautiful. There is a pool and small pool house in the backyard. It is fenced and nicely landscaped. The lot continues beyond the pool fence to the full two acres. This is a nice piece of property. A large deck, and hardscaping surround the pool area with multiple access points to the home. A screened porch with vintage astro turf carpeted floors is the only glaring design faux pas. Otherwise the home is decorated with class, and easily updated. There is some wallpaper in a few rooms that will need to be removed, but what potential!

This home is listed for $1,050,000 which is the cheapest in the neighborhood. Part of an estate, this home may be a bargain for someone with vision and a few extra dollars after settlement. The landscape was once glorious. Someone with a green thumb can easily bring this landscape back to its past glory. This will easily add $100k in instant equity. This home was listed earlier in the year at $1,195,000. This price was no bargain. The new price of $1,050,000 is fair, and a deal for the right buyer. I see this one settling at around $1mm within 60 days.

Tuesday, November 17, 2009

7900 Declaration Lane - Regency Estates - $799,000


Listed by Long and Foster

Google Map Here

Regency Estates is a sought after community just off Seven Locks Road. This home is lovely brick colonial at the intersection of Declaration and Democracy. A former model home, this home has recently been completely updated.

This home is a center foyer colonial on a corner lot. The foyer has tile which runs straight back through the kitchen and laundry area. The rest of the home has lovely hardwood floors.

The center foyer steps down into a nice living room and dining room. Nice mouldings and new paint look great. The staging done for this home is fabulous. Kudos to the listing agent.

The family room on the right side of the foyer is nice with a fireplace against the side wall. The kitchen is completely redone with granite and all the latest stainless appliances.

The upstairs too has been completely redone. The Master has two walk in closets and a separate linen closet. The bathroom is small for a master, but it too has been upgraded. The other bedrooms are all hardwood and decent size. Certainly fine for a teen, child or guest.

The basement stairs are done with indoor outdoor carpet. There is a "short step" at the bottom of the stairwell that may be dangerous. Focus and watch your step going downstairs. The basement is finished in light colored Pergo and has a Nanny suite with full bath. The rest of the basement has plenty of space for a TV, couches and home theatre.

This is a nicely upgraded home with good location, schools and neighborhood. The home is sited so there is not much of a back yard. There is quite a bit of noise from busy Seven Locks Road which may turn some people off. This is by far the most expensive home in Regency Estates. A similar colonial settled in September at $675,000. Although not upgraded, it provides a basis for price.

The current owners probably spent $100K in upgrading this home. They should expect to get about 60% of that money spent back. I see this home going to settlement at close to its county assessed value of $643,000 when all is said and done.

Sunday, November 15, 2009

9712 Beman Woods Way - Avenel - $1,299,000

Listed by Long and Foster

Google Map Here

Avenel was one of the few communities in this area that was approved for building homes in close clusters. Not quite a zero lot line, but similar. This type of development is tough to do well. Avenel is one of the few developments that does.

This is a great looking all brick home in a blue chip community.Although a detached colonial, this home shows like a large town home. With an open entry foyer, this home still has a colonial feel. Dining room right, living room left a center hall brings you past the main stairway and into the family room and kitchen in the back of the home. All of the rooms are well appointed with moulding and hardwood. Although not large in comparison to many Avenel homes, this home has good scale.

The kitchen has ceramic floors and upscale - though original - appliances. The Corian counters are now out of favor and can be easily replaced by granite. Although it needs some updating, the kitchen is well designed and comfortable. A breakfast area looks out to the yard and french doors bring you out to a lovely slate porch.

Upstairs the master bedroom has a fireplace and two "Juliette" balconies. The master has both shower and Jacuzzi tub done in all white tile typical of the era. A sitting room is attached and is nice space to read as not to disturb a sleepy partner. The other 3 bedrooms are decent size with en-suite baths.

The basement is finished with a wood burning fireplace and carpeted floors. A full bath and bedroom could be a great guest suite or spot for a Nanny. There are rough-ins for a wet bar and wine cellar.

This is a nice home that needs a bit of updating. The price is fair and reflects the update costs. For someone looking in Avenel, this is one to see. This should settle in the $1.2 to $1.225 range when all is said and done.

Friday, November 13, 2009

11712 Karen Drive - Lake Normandy Estates - $739,000

Listed By ReMax

Google Map Here

It is tough to find a nice contemporary home in Potomac. I have been working with some clients for the past few months trying to find one that suits their needs. We came upon this one in Lake Normandy Estates - I was impressed.

This is a half acre lot fully treed and hidden from the street. A steep driveway brings you to a lovely contemporary surrounded by trees. The exterior was lovely with Japanese Maples and other specimen trees throughout the landscape. A covered walk brings you to the front door from the carport.

The entry is bright and open. Integrated Japanese screens separate you from the Living room. When opened, you look straight through the living room to the back yard through a wall of windows. The lofted ceilings draw your attention to the full wall of cedar in the living room with a lovely fireplace centered there. The wood is original with a great patina in excellent condition. Classic contemporary look.

The dining room is good size framed by the back of the home, and a large screened porch on the side of the home. The kitchen is tiled and updated - the pickled oak cabinets - although dated, are in great condition. Replace the counters with granite, and you are in great shape.

The upstairs brings you to 4 smaller bedrooms typical of this type home. The hall bath is original and Master Bath updated. Both will need attention by the new owners. The carpet on this level is older and bunching up. It will certainly need replacing.

The downstairs has a lovely family room with direct access to the yard. The light in this room is fabulous. A fireplace on the long wall makes for a comfy spot to watch TV and entertain. A bedroom and full bath finish off this level. There are sliding screens on the windows in the bedroom that are fabulous!

The lowest level is finished in tile and has the laundry and lots of storage. What a great play space for the kids.

The back yard is probably my favorite space. It has been fully designed and hardscaped in a courtyard design. What a fabulous spot for an outdoor party. There were deer looking back at my as I admired the yard. This is a testament to that contemporaries are supposed to do. Bring the outside and nature in.

This is a great home in a very nice neighborhood. Great schools, great location and great lot. This will sell quickly - and I would think for close to full price!