tomo logo

$4,200,000

Beds
7
Baths
10.0
sq ft
14,222

10111 Iron Gate Rd, Potomac, MD 20854

10111 Iron Gate Rd

POTOMAC, MD 20854

  • 341 days on market
    • Price drop $198,000↓
Featured Property in Washington Post and Washingtonian. Opportunity to make a deal and call this spectacular property your home! Originally Custom built by Mark Lerner, principal owner of Major League Baseball's Washington Nationals, with the highest quality commercial grade materials! • Short stroll to Potomac Village • Classical-contemporary, embassy style residence. • Easy commute to DC & Northern VA • Multi-million dollar renovation & expansion completed by the home’s original architect, JERRY HARPOLE, including extraordinary primary bed- room suite on main level & unparalleled lower level • Resort like estate situated on 2 + lush acres • Sun Drenched Cheery Home • Sophisticated infinity pool, picturesque patios & Terraces overlooking private yard • Art Deco inspired commercial home movie theatre • Elegant, flowing indoor outdoor living space • Commercial bowling alley and AMF Score System • Floor to Ceiling windows in each room unite scenic vistas with interior creating a soft, warm atmosphere within the grand spacious floorplan • Fitness room / Gym with panoramic views of the outdoors • Spectacular commercial grade kitchen with top of line Gaggenau appliances • Game room • 7 Bedrooms, 5 on the main level, all ensuite, including the Primary bedroom wing addition • Separate living area on an upper level for in law suite or guests, also perfect for Au Pair, includes a large family room, bedrooms, 2 full baths. Additional guest room with large bedroom plus full bath on lower level • 8 Full bathrooms, 4 half bathrooms • Commercial/industrial size walk in freezer and cooler • 6 Garage Spaces *Oversized 4 car garage with side entry and door leading into main level mudroom. *Additional oversized 2 car garage with side entry *Gated driveway leading to garages • All the amenities to enjoy relaxing or entertaining!

Details

Property type

Single Family Residence

Est. home value

$3,641,180

Lot size

2.08 acres

Price per sq ft

$296

Year built

1991

Annual property taxes

$50,146

HOA

No

Price History

12/07/2024
Bright

Bright #MDMC2117654

Listed
$4,200,000
11/30/2024
Bright

Bright #MDMC2117654

Pending
$4,200,000
11/14/2024
Bright

Bright #MDMC2117654

Price change
$4,200,000
-4.5%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pnc Bank Na

Loan start date

March 2021

Original loan amount

$2,775,000

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

New Conventional, 30 year

Seller

Gergory A Prince and Jalynn R Prince

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 11:15 PM

Listing updated: 12/06/2024 at 7:44 PM

Listed by: Susan M Hartman, O'Conor, Mooney & Fitzgerald Phone #: (410) 321-8800

MLS: Bright #MDMC2117654

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