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12815 River Road
Potomac, MD 20854
$4,295,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
7450 Square Feet
Property Description
Comprised of two expansive and lush parcels totaling 13.23 acres, 12815 - 12801 River Road is a breathtaking country estate reminiscent of New York’s Adirondacks or the summer residences of The Hamptons. Aptly named as Red Fox Hill, this sprawling manor offers blissful luxury living in a tranquil yet conveniently accessible setting. Solace and serenity abound the manicured grounds, mature trees and rolling hills that encompass the estate, making the property a beautiful respite just outside our nation’s capital. Boasting approximately 10 ,950 total square feet across 4 levels, the Primary Residence and Carriage Home showcase a combined 6 Bedrooms and 5.5 Bathrooms. Delightful design notes extend throughout the primary residence’s interiors to include gleaming hardwood flooring, magnificent millwork, stunningly coffered and vaulted ceilings, beautiful built -ins, and walls of windows that flood the principal living spaces with natural light. Modern fixtures and amenities elegantly complement the home’s traditional yet timeless architectural accent s to offer ease and comfort to today’s style of living. Although traditionally appointed, the Main Level floor plan provides a seamless flow between formal entertaining spaces and the more relaxed living spaces. The principal living spaces are located on the Main Level and include the formal Dining and Living Rooms flanking the entry foyer, a more informal Gallery and Study, an exquisite Sunroom, and the sprawling Family Room that opens to both the enviable Screened Porch and the rear Terrace. The expansive Gourmet Kitchen is fit for any caliber chef with a large Island, high-end stainless-steel appliances, ample storage space and a wall of windows overlooking the enviable Terrace and lush grounds beyond. A Breakfast Nook with banquette sit s adjacent to the Gourmet Kitchen, providing a more informal dining alternative. Adjacent to the Chef’s Kitchen, French doors open to the rear dining Terrace for idyllic al fresco dining and entertaining overlooking the property’s lush grounds. The Mudroom provides ample storage space and offers breezeway access to the Oversized 5-Car “Car Barn” and Carriage House’s guest quarters that is complete with a fully equipped Kitchen, full Bathroom, and additional storage. The Carriage Home offers incredible views of the property’s enviable 40’ Swimming Pool and Pat io, the perfect respite to relax and enjoy the enchanting landscape that surrounds. An en-suite Bedroom completes the Main Level’s offerings. The Upper Level showcases 3 of the guest Bedrooms, each offering ample closet space, a hall Bathroom, and the extraordinary Primary Suite. Boasting vaulted ceilings, abundant built-in’s, a cozy fireplace, gleaming hardwoods, and bountiful property views, the Primary Bedroom Suite is complete with an expansive walk-in closet and spa-like Bathroom with dual vanities, clawfoot tub and stall shower. This Suite is truly the ultimate oasis within the residence. The multi-functional Lower Level features a Recreation Room, large Laundry Room with built -ins, and a Full Bathroom. Additional storage space is available on the Top Level. From magnificently appointed and stunningly curated interiors to the jaw-dropping outdoor entertaining spaces and impeccably maintained grounds offering lush gardens and greenery, this Colonial country estate is a one-of-a-kind opportunity that is not to be missed.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1956
MLS Number
--
Location
Address
12815 RIVER ROAD
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Washington Fine Properties, LLC, original listing
Name
Phone
(202) 243-1624
Office Name
Office Phone
(202) 944-5000
Agent Name
Mary C Boland
Agency Phone
(202) 944-5000

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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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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.