12201 Peach Crest Dr #901-A, Germantown, MD 20874 – Closing May 29th
Deal Snapshot
- Ask: $190,000
-
- Buy Now: $195,000
-
- ARV: $240,000 to $250,000
- Beds/Baths: 2 beds / 1 bath
- SQFT: 858 total
- Style: Garden condo
- Year Built: 1984
- Parking: 1 assigned space
- Condo Fee: $315/month
- Fee Includes: Cable TV, exterior maintenance, insurance, management, snow removal, and water
- Amenities: Jog/walk path, tot lots/playground, pets allowed
- Taxable Assessment: $205,000
- Annual Taxes: $2,264
- Subdivision: The Knolls at North Lake
- County: Montgomery, MD
Why This Deal Works
- Montgomery County condo at a low entry point
- Ground-level garden setup with strong renter and resale appeal
- Straightforward 2/1 layout
- Assigned parking and community amenities already in place
- Comp support at $240K to $255K
- Rental demand in this pocket supports a clean hold or exit
Property Overview
12201 Peach Crest Dr #901-A is a 2-bedroom garden condo in The Knolls at North Lake. The layout is simple, efficient, and easy to position to both end buyers and landlords. The community setting, assigned parking, and included water/cable in the fee help the overall hold story.
Interior
- Dated overall
- Functional layout
- Cosmetic update path
Systems
- Central A/C
- Heat pump
- Electric hot water
- Public water and sewer
Exterior
- Garden-style building
- Established community
- Walk paths and common area appeal support the location
Detailed Scope By Room / AreaLiving / Dining
- Straightforward main living area
- Easy cosmetic refresh setup
Kitchen
- Functional footprint
- Older finish package
Bathroom
- Standard 1-bath layout
- Cosmetic update candidate
Bedrooms
- Clean 2-bed layout
- Good fit for resale or rental demand
Exit Strategy
- Flip: Best fit at this basis
- Buy and Hold: Strong secondary angle
- Wholetail: Possible depending on finish level
ARV = $240/ $250k
- 12209 Peach Crest Dr #903-H – $255k
- About 12201 Peach Crest Dr #901D – $240k
Rental Income PositioningA realistic rent target – $1,800 to $2,000/month,
FHA Financing NoteThis community has FHA approval through February 2027 under The Knolls at North Lake Condo
Terms / Next Steps
- Closing May 29th
- Access by appointment
- $5k EMD required
- Sold as-is