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10408 Stapleford Hall Drive
Potomac, MD 20854
$6,950,000
Conventional
Property
Bedroom
7
Bathroom
Full: 7, ½: 3
Property Type
Conventional
Square ft
15722 Square Feet
Property Description
A masterful collaboration between renowned architect Glenn Chen Fong, McHale Landscape designer Julie Patronik, and interior designer Gerald Smith, this extraordinary four-acre estate is truly unparalleled. With a decidedly European influence, the French Country Manor is wrapped in imported stone and Boral brick, with hand-hewn rough-sawn columns and braces, lush gardens, and a host of stunning outdoor spaces. Approached by a long tree-lined tumble-paved drive, the majestic residence features incredible roof-lines and stature, balanced perfectly by enchanting flowered window boxes and stone terraces. Offering over 16,000 square feet of living space, the home has consistent finishing on every floor: with the lower level as beautiful as the main and upper floors. There are fabulous sight lines from every angle, with the outdoors seamlessly blended into the fabric of the home. The primary spaces include reception areas, elegant formal living and dining rooms, and the kitchen of any chef’s dream. The main level conservatory is appointed with a 27-foot vaulted ceiling, creating a space that is simply magical. Articulating ceilings with antique beams and a 300 year old imported French fireplace lend Old World style, while the home is finished with every state-of-the-art system imaginable. There is a climate-controlling geothermal HVAC system, an elevator, a commercial grade whole-house generator, 3 wells for outdoor irrigation and a complex low-voltage electrical system that controls lighting, climate, audio, video and security. The main level is perfect for lavish entertaining, but equally suited for gracious day-to-day living. A circular stair adorned with a custom iron rail spirals to a piano-curve landing where there are 5 spacious bedrooms, 4 full baths, and a sitting room/family room. The owner’s retreat is enhanced with a wet bar, his-and-hers walk in closets, and a balcony. It opens to a loft and overlooks the conservatory. Designed for entertaining on any scale, the lower level includes a billiards room, a recreation room, a fitness center, a 3-D media center, two bedrooms and two full baths, and an expansive grotto with a fireplace and views of the patio, fountain, and spectacular sunsets. With every consideration for luxurious living, the lower level also features a professionally designed wine cellar and tasting room. Imitating the look of a classic French Country cottage, the three-car garage adjoins the main house and one and a half car garage via a curved breezeway. Ensconced in its private four-acre setting, this home seems worlds away, but it has easy access to the Village and to urban amenities. An amazing collaboration of form and function, this is an extraordinary property in every sense of the word.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2011
MLS Number
--
Location
Address
10408 STAPLEFORD HALL DRIVE
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Washington Fine Properties, LLC, original listing
Name
Phone
(202) 243-1620
Office Name
Office Phone
(202) 944-5000
Agent Name
Robert Hryniewicki
Agency Phone
(202) 944-5000

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HUD Foreclosures

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.