tomo logo

$1,699,000

Beds
8
Baths
8.0
sq ft
7,768

14801 River Rd, Potomac, MD 20854

14801 River Rd

POTOMAC, MD 20854

  • 316 days on market
Welcome to 14801 River Rd the Original Plantation Manor home for the Potomac/ Darnestown Area, Situated just off Petit Way. This Spacious 8 Bedroom 10 Bath home is the epitome of a Grand Southern Manor Home. Separate detached 5 Car Garage/ Cottage house. Perfect for extended family or incoming producing. The home is currently used as a successful Air B N B grossing close to $96,000 sometimes more. Great opportunity for the savvy investor/homeowner who appreciates being immersed in 4.71 acres of Natural Beauty. Minutes to Bretton Woods, Riley's lock, Potomac or Poolesville. Nestled in the highly recognized Darnestown Elementary (Blue Ribbon Award). Reach out to LA for more info or a private tour.

Details

Property type

Single Family Residence

Est. home value

$1,566,645

Lot size

4.71 acres

Price per sq ft

$219

Year built

1960

Annual property taxes

$14,899

HOA

No

Price History

01/22/2024
Bright

Bright #MDMC2117266

Listed
$1,699,000
+169.68%
02/02/2018
Bright

Bright #1000052459

Sold
$630,000

Schools & Community

Elementary school: 

DARNESTOWN

Middle school: 

LAKELANDS PARK

High school: 

NORTHWEST

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

$1,286,036
Asking price
$1,699,000
Closing costs (~8% of asking)
-$135,920
Est. remaining loan balance
-$277,044
Cash to seller
$1,286,036

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

February 2018

Original loan amount

$453,100

Est. remaining balance

$277,044

Interest rate

3.36%

Loan type

New Conventional, 15 year

Seller

Lakhbir Singh

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 4:55 PM

Listing updated: 10/11/2024 at 2:16 PM

Listed by: Antoinette Gage, REMAX Platinum Realty Phone #: (240) 497-0408

MLS: Bright #MDMC2117266

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