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9819 Newhall Rd
Potomac, MD 20854
$5,500,000
Conventional
Property
Bedroom
6
Bathroom
8
Property Type
Conventional
Square ft
--
Property Description
Experience the epitome of luxury at 9819 Newhall Road, a masterfully crafted Hamptons inspired custom home built in 2017. Set on a sprawling 1.08-acre lot near Potomac Village, this residence seamlessly merges modern design with timeless elegance. Boasting over 13,000 square feet, this exquisite property offers an elevator, heated pool, sport court, heated covered terrace with outdoor kitchen, catering kitchen, heated driveway and an array of exceptional features that immediately capture your attention. And just imagine, all of this is walkable to Potomac Village. Enter the grand, sun filled foyer with marble floors, 24-foot ceilings, meticulously crafted oversized millwork, and dramatic curved staircase, setting a tone of grandeur. The embassy sized dining room features a striking chandelier, marble floors, tray ceiling and cove lighting. The same level of luxury is extended to the living room with its gas fireplace and contemporary coffered ceiling. A fluid open layout with 14-foot ceilings and arched entryways seamlessly connect expansive living areas. The gourmet kitchen, a culinary masterpiece open to the family room, showcases a breakfast area surrounded by windows, dual oversized islands, top of the line Wolf and SubZero appliances, white marble countertops and wide plank hardwood floors. Adjacent to the kitchen sits a separate catering kitchen and access to a serene heated covered terrace with wood burning fireplace and outdoor kitchen, offering an ideal space for relaxation and gatherings. Working from home is a pleasure in the study with private conference room, separate entrance and private patio offering a serene escape. A dedicated children's playroom adds a playful touch to the informal area of the main level. The upper level reveals 5 bedroom suites, a lounge, and convenient laundry center. The Owner's suite is a true retreat featuring a private terrace overlooking the pool, two expansive walk-in dressing rooms, and lavish bath with heated marble floors, steam shower, and Victoria & Albert soaking tub. The lower level provides abundant entertainment options including a full wet bar, sprawling recreation room with billiard and ping pong areas, fitness center, private card room with ventilation, a 6th bedroom suite, and ample storage. The fully fenced backyard is a paradise featuring a spectacular pool area, sport court, and vast lawn. Additional luxuries include a cutting-edge Control4 home automation system, full-service elevator, 3-car garage, and heated driveway, catering to every aspect of refined living. An exceptional opportunity for the discerning buyer seeking the pinnacle of elegance. ***Proof of ability to purchase is required prior to all showings.***
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
MDMC2105484
Location
Address
9819 NEWHALL 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
One Bethesda
Office Phone
(888) 536-0216
Agent Name
Wendy Banner

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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.