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11210 S Glen Road
Potomac, MD 20854
$2,895,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
8950 Square Feet
Property Description
California comes to Potomac! Sited on a beautiful, private 5.86 acre wooded lot, this property is only minutes from the heart of Potomac Village. Everything about this contemporary home is special, inside and out! This designer's own home features a contemporary design with large open spaces. Outdoors you can enjoy a tennis court and multi-level deck with picturesque views. The recently updated indoor Pool, with vaulted ceiling, skylights, separate sauna, and full bath as well as walls of sliding glass doors to the patio and multi-level deck are sure to please. The dramatic, two-story Foyer with balcony overlook is highlighted by a frosted-glass, double-door entry, and circular window with stained glass. The inviting Library also has a two-story vaulted ceiling, balcony overlook, floor-to-ceiling bookcases, and lots of windows. The Living Room {can also be used formal Dining Room) and adjacent Family Room with its dry stack fireplace are perfect for large-scale entertaining. The Kitchen is a chef's dream with professional appliances such as a Traulsen refrigerator-freezer, Viking range, and Bosch dishwasher. The center island makes an ideal work space along with a myriad of cabinets. It opens to the informal dining room, which could also serve as a perfect spot for informal meetings. The adjacent Caterer's Kitchen and wet bar make entertaining easy and fun. The upper level is currently configured for two very spacious bedroom suites but can be converted into a total of four bedrooms. The marvelous Primary Suite has a Bedroom with a vaulted ceiling, en-suite Bath, and great views of the outside. There is also a large room perfect for home office with built-ins and big screen tv or an additional bedroom. The adjacent Dressing Room offers plenty of closet space. A second Dressing Room could also be converted into a bedroom and has an ensuite Bath. Lots of options! Speaking of possibilities, the lower level has plenty as well! There is a recreation room with fireplace and sliding glass door to the outside as well as additional space for a future exercise room and a home theater. Two bedrooms and an additional bathroom complete this level. This extraordinary home has seven garages, all of which have been upgraded with speckled flooring. Lots of extra parking space can be found in the turn-around driveway in the front of the house and even more parking space by the lower level garages. garages. The proud new owners can enjoy all that our Nation's Capital has to offer as well as the restaurants, shopping, and entertainment choices in Bethesda and northern Virginia. Both 1-270 and 1-495, as well as three major area airports, are easily accessible. Make this your home for a lifetime!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
11210 S GLEN ROAD
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Washington Fine Properties, LLC, original listing
Name
Phone
(301) 943-9731
Office Name
Office Phone
(301) 983-6400
Agent Name
Marsha Schuman
Agency Phone
(301) 983-6400

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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.