tomo logo

$1,600,000

Beds
4
Baths
3.5
sq ft
3,389

12727 River Rd, Potomac, MD 20854

12727 River Rd

POTOMAC, MD 20854

  • 31 days on market
    • Price drop $100,000↓
With over 3 acres of land, the opportunities are limitless. Expand the current home, build a brand-new residence while staying comfortably in place, or design the outdoor oasis you’ve always imagined. Whether you envision a guest house, pool house, or sports court, this property offers the flexibility to make your dream estate a reality. Enjoy spacious main-level living on this private lot with a sparkling swimming pool. The main level includes a bright family room, kitchen, dining area, owner’s suite with a private office, and an additional bedroom with a full bath. Step out from the family room onto the deck to savor breathtaking views of the expansive backyard. The walkout lower level provides even more living space, featuring a large recreation room, two additional bedrooms, a full bath, half bath, laundry area, and a generous cedar closet. This home combines comfort, potential, and privacy—perfect for your next chapter. Minutes to Potomac Village.

Details

Property type

Single Family Residence

Est. home value

$1,446,393

Lot size

3.21 acres

Price per sq ft

$473

Year built

1960

Annual property taxes

$14,663

HOA

No

Price History

11/08/2024
Bright

Bright #MDMC2153168

Price change
$1,600,000
-5.88%
10/25/2024
Bright

Bright #MDMC2153168

Listed
$1,700,000

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

$1,111,973
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$360,027
Cash to seller
$1,111,973

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

Seller’s Loan History

Lender

Cornerstone Mortgage Services Inc

Loan start date

November 2017

Original loan amount

$610,000

Est. remaining balance

$360,027

Interest rate

3.08%

Loan type

New Conventional, 15 year

Seller

Tim T Wei and Hsiang Ru Huang

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: 11/22/2024 at 11:15 AM

Listing updated: 11/18/2024 at 11:14 AM

Listed by: Jennifer T Chow, RLAH @properties Phone #: (301) 652-0643

MLS: Bright #MDMC2153168

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