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10230 Norton Rd
Potomac, MD 20854
$2,750,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Timeless elegance abounds in this gracious, gated estate perfectly sited on two sunny and gently rolling acres. A classic American beauty enhanced by European-influenced charm, this elegantly appointed custom home with its 4-level, 6BR, 5.5 BA, 3-car garage, total 6,839 square feet and over $1 million renovation, is a true masterpiece of luxurious elements with convenient amenities. Throughout the home are larger gathering rooms well suited for larger entertainment. Entering the reception foyer one is enchanted by a spacious home office featuring crown molding, built-in desk, shelving and two sets of French doors. French-style glass doors from the foyer deliver you to a delightful living room/library with built-in floor-to-ceiling shelving with cabinetry, a rolling library ladder, two sets of French doors displaying patterned glass with lead inserts. Opening from the living room/library is a salon-inspired vibrant dining room with custom banquets, built-in buffet, crystal chandeliers and French doors to the screened-in porch. Truly refined and recently renovated, the chef's dream kitchen is the crown jewel of the main level. Stunning and expansive the 2020 remodeled kitchen wows with top-of-the-line cabinetry, appliances and specialty-designed undermount ambient lighting, quartz countertops, porcelain-tile flooring and contemporary shaker-style, off-white cabinetry with 4 glass cabinets as well as a built-in wine cooler. The social center of the house, this unprecedented kitchen is surrounded by a family room and an expanded 4-season solarium flanked in walls of windows with built-in quartz buffet and spectacular views of the pool and rolling backyard. Entertaining is a breeze with the amazing wet-bar and fieldstone fireplace in the family room. Conveniently located, the updated laundry room leads to the garage with storage cabinets, epoxy flooring and a car lift accommodating 3 cars. The upper-level hosts 5 bedrooms and 3 full baths including 2 shared sets of full bathrooms. Serenity and luxury beautifully blend in the sumptuous primary bedroom suite with two oversized walk-in closets and a newly renovated bathroom. No luxury was overlooked in the outstanding 2020-primary bathroom renovation. Custom built-in bureaus, benches, steam shower, sequestered water closet with built-in TV, 8-Jet Jacuzzi tub by picturesque rear view and automatic blind,and recessed television built into the wall across from the deep tub for a relaxing soak and to watch your favorite show! Stepping up to level #4 is just another surprise! Wonderfully enormous the sun-filled loft with a large scenic window overlooking the picturesque views of the backyard has a bathroom with shower and its own heating and AC, ideal as bedroom #6, playroom, home gym, or second home office. Highlighted in the carpeted walk-out lower level includes a recreation room, full bath #5, home gym, game room, and access to a covered arched area for those who prefer to eat or sit out of the sun. Enjoy resort style outdoor living experiences with a heated pool and a Pavilion fully equipped with Quartz countertops, built in refrigerator, a fire pit, TV lift, LED lighting & timed pool lighting, charging outlets. Cozy up on the multi-level patio with rose bushes & hydrangea surrounding the pool fencing, complete with an invisible dog fence. Recently extended driveway accommodates extra parking. All within proximity to all the fabulous shops and restaurants of Potomac Village and easy access to I-270, I-495, River and Falls Rd. This rare gem awaits you!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1979
MLS Number
MDMC2124888
Location
Address
10230 NORTON RD
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Park Potomac
Office Phone
(888) 536-0216
Agent Name
Michelle C Yu

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.