tomo logo

$3,995,000

Beds
7
Baths
9.5
sq ft
11,575

11940 River Rd, Potomac, MD 20854

11940 River Rd

POTOMAC, MD 20854

  • 354 days on market
    • Price drop $405,000↓
Welcome to 11940 River Road, an extraordinary, private, gated, secure property backing to the C & O National Historical Park sitting on two beautiful acres just 2.5 miles west of Potomac Village that underwent a major a major renovation and expansion in 2007. This beautiful colonial with a cedar shake roof, 7 bedrooms, 8 full bathrooms and 3 half bathrooms boasts over 11, 500 SF of living space on three levels, and features soaring ceiling heights on the main level, a main level primary suite, formal living and dining rooms, spacious family room, paneled office, gourmet kitchen with large breakfast area and pantry, 3-car garage (one bay has been turned into a commercial kitchen area for entertainment purposes), an upper level with 4 bedrooms, all with en suite bathrooms, a lower level with 2 bedrooms with en suite baths, family room with bar and recreation room. The exterior features an amazing, unique entertaining gazebo with fire pit, covered, outdoor kitchen and dining area, large pool with extensive decking, ample guest parking for large parties and a beautiful backyard adjoining the bucolic woods of the C & O Canal. Come visit this property and enjoy the vision of a wonderful Potomac lifestyle!

Details

Property type

Single Family Residence

Est. home value

$4,321,529

Lot size

2.0 acres

Price per sq ft

$346

Year built

1989

Annual property taxes

$26,963

HOA

No

Price History

09/20/2023
Bright

Bright #MDMC2107302

Listed
$3,995,000

Schools & Community

Elementary school: 

POTOMAC

Middle school: 

HERBERT HOOVER

High school: 

WINSTON CHURCHILL

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

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

Seller could get up to

$3,522,996
Asking price
$3,995,000
Closing costs (~8% of asking)
-$319,600
Est. remaining loan balance
-$152,404
Cash to seller
$3,522,996

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Oba Bank

Loan start date

December 2011

Original loan amount

$600,000

Est. remaining balance

$152,404

Interest rate

3.31%

Loan type

New Conventional, 16 year

Seller

Aris Mardirossian and Marianne Mardirossian

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: 09/07/2024 at 9:50 PM

Listing updated: 09/07/2024 at 3:06 AM

Listed by: William C.D. Burr, TTR Sotheby's International Realty Phone #: (301) 967-3344

MLS: Bright #MDMC2107302

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