tomo logo

$1,199,900

Beds
4
Baths
3.5
sq ft
4,536

12330 Potomac View Rd, Newburg, MD 20664

12330 Potomac View Rd

NEWBURG, MD 20664

  • 12 days on market
Step inside this magnificent Spanish Villa, spanning over 4200 square feet and situated on a serene waterfront lot. The striking wood & wrought iron front doors lead you to an interior featuring ceramic floors, wood ceilings, intricate tile work, and stunning detail in every room. Huge windows allow for natural light to pour in, illuminating breathtaking views of the Neale Sound. The gourmet kitchen on the main level is fit for any chef….boasting custom tile countertops, a 6-burner Thermador range & double oven, double refrigerator, breakfast nook, and a fireplace. The family room features another fireplace with hand-carved wood mantle, more tile work, and storage. The dining room has a mini bar and ample space to entertain guests. Use the spiral staircase or the pneumatic elevator to access all 3 levels. On the 2nd level, you'll find an open living space with wet bar, water views, guest bedroom with balcony access, hall bath, and a bonus area that can be used as a home office or bedroom with the addition of a door. Continue up to the 3rd level to discover the owner's suite, complete with a primary bedroom with vaulted ceilings, fireplace, private balcony, and stunning water views. The primary walk-in closet is enormous and has a smaller fireplace of its own. The primary bath features dual vanities, a soaking tub, and separate shower. There's also a bonus room/area that can be used as an office, exercise room, or sitting area. The detached garage features 5 bays, auto openers, and its own elevator. Above the garage, you'll find a full 1-bedroom 1-bath apartment with a gourmet kitchen, living area with fireplace, private laundry, and the same custom tile work as the main house. Out back, you'll discover a 2-level outbuilding that includes a wine cellar, greenhouse, and storage. The brick patios in the backyard offer ample space to entertain guests around the firepit, while overlooking the Neale Sound. The private pier has recently been extended and is ready for your boat lift. Take advantage of the waterfront location and indulge in activities such as fishing, swimming, jet skiing, boating, kayaking, and more. Don't miss your opportunity to own this exceptional Spanish Villa with stunning water views from every level. New roof put on house and detached garage 2023. The detached garage apartment adds a unique and valuable element to this property. Currently occupied by a tenant, it provides a steady income stream (current lease is $1700/monthly), making it an excellent investment opportunity. Whether you choose to continue renting the apartment or to utilize it for guests or a home office, the possibilities are endless. Seller is willing to do seller financing at a reduced interest rate!

Details

Property type

Single Family Residence

Est. home value

$1,206,223

Lot size

0.3 acres

Price per sq ft

$265

Year built

2005

Annual property taxes

$8,330

HOA

No

Price History

12/10/2024
Bright

Bright #MDCH2038316

Listed
$1,199,900
08/01/2024
Bright

Bright #MDCH2033138

Removed
$1,199,900
05/31/2024
BrightMLS

BrightMLS #MDCH2031540

Removed
$1,199,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHARLES 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

$466,608
Asking price
$1,199,900
Closing costs (~8% of asking)
-$95,992
Est. remaining loan balance
-$637,300
Cash to seller
$466,608

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

Seller’s Loan History

Lender

Mclean Mortgage Corp

Loan start date

June 2021

Original loan amount

$800,000

Est. remaining balance

$637,300

Interest rate

2.31%

Loan type

New Conventional, 15 year

Seller

George D Taylor Jr and Myong H Taylor

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 5:40 AM

Listing updated: 12/14/2024 at 1:49 PM

Listed by: Cheryl A Bare, CENTURY 21 New Millennium Phone #: (301) 609-9000

MLS: Bright #MDCH2038316

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