Tuesday, October 18, 2011

9517 Overlea Dr. Rockville MD 20850


Beautifully sited on 5 acres, this unassuming brick rambler's main level has been nicely renovated and is offered at $799,000.. The brick and vinyl siding house is just under 2000 sq. ft. The floor plan is open, with  living room, dining room, kitchen and family room all opening to each other. Rear windows and doors  have all been replaced and open up to beautiful vistas of the 5 treed acreage. Nicely updated, the kitchen has light wood cabinets and black granite countertops. The appliances are in good condition. The family room is a high ceilinged addition with a wood burning fireplace. Three bedrooms and two baths complete the main level. The bedrooms are decent sized and the baths have been updated with new tile and fixtures. The master bedroom has a walk-in closet and the master bath has a double sink,  large shower and a soaking tub with open views to the yard.
The lower level smells a bit musty and has a recreation room with outside access, barn siding and a wood fireplace. There is also a bedroom and a full bath. The laundry area and utility room complete the lower level.
The small two car garage is accessed trough the kitchen.
The house is on well and septic. The taxes are $8748 per year.
The schools for this house, at the current time, are Fallsmead Elementary, Robert Frost Middle School and Wootton High School. Bus service is provided for elementary and middle schools.
Homes of similar size, in this area, have been recently selling for $659,000-$715,000 but have much less acreage to them. A similar sized home in the neighborhood is offered for $950,000 but is not under contract.
The home has been on the market for 170 days with an original asking price of $849,000. The asking price was recently reduced to $799,000.

The house appears to be in excellent condition on the main level and average condition on the lower level. The lot is beautiful.

Zillow's estimate for this home is $800,600.

10408 Great Arbor Dr. Potomac MD 20854


This Croyer-Irwin built  4 bedroom, 3.5 bath home, constructed in the 1970's is located in the East Gate community of Potomac and is offered at $679,000. The exterior is brick and vertical wood siding- typical of the 1970's style. The yard is filled with large trees, some in questionable condition. Inside, the foyer has been updated with granite tile and all other floors in the home are hardwood. The living room and dining room are well sized for entertaining. The kitchen however, is small and dated. There is little cabinet and counter space although there is a butlers pantry connecting the kitchen and dining room. An older large sliding glass door in the kitchen eating area opens to the rear yard. Landscaping is minimal.
The family room has a wood cathedral ceiling and a classic 1970's fireplace. A rear door exits from the family room to the rear yard. There are large windows throughout the home to let in the sunlight.
Upstairs is a large master bedroom with an attached sitting area, overlooking the family room, and master bath. The master bath has had some remodeling, but the new owner would likely want to do more updates. Three well sized additional bedrooms share the hall bath.
The lower level is tiled and consists of a recreation room, large full bath and laundry/utility area.
A two car garage is accessed through the kitchen.
Neighbors on either side are fairly close and the lot is not particularly private.

This home has tremendous potential but does need significant updating, which is reflected in the price. Other similar sized homes in this neighborhood have sold in the last year for $690,000-$825,000, depending on condition. This home is in inferior condition to all of them. The homes that sold in the $800's have been thoroughly and beautifully remodeled.

The schools for this home, at the current time, are Bells Mill Elementary, Cabin John Middle School and Churchill High School.

Taxes are $8503 per year. HOA fee is $92/year

Zillow's estimate has it priced at $787,000. The home has been on the market for 160 days with an initial asking price of $699,000.