Property Snapshot
- Asking Price: $240,000
- After Repair Value (ARV): ~$370,000
- Subdivision: Pinewood Hill Condos
- Property Type: 3-Story Townhouse (Condo)
- Year Built: 1973
- Total SQFT: 1,969
- Bedrooms: 3 (potential for 4th in walkout basement)
- Bathrooms: 3 Full
- Basement: Front entrance, partially finished, walkout potential
- Condo Fee: $290/month
- Annual Taxes (Est): $3,076
- Lot Size: 0.12 ac / 5,024 sf
- Requires full cosmetic renovation
WHY INVEST HERE?
- Rock accent wall in family room + mirrored wall in living room
- Kitchen with adjacent dining area
- Basement half finished — potential to add 4th bedroom + living space in walkout portion
- Plenty of storage throughout
- Prime location: Minutes to National Harbor, Rivertown Shopping, Bowling AFB & Andrews AFB
- 20 minutes to Downtown DC & close to Beltway
- Strong comps: Units in this community consistently trade $359K–$379K.
- Upside play: Convert walkout basement to 4th bedroom + living space to push ARV to upper range.
- Rental appeal: Excellent proximity to National Harbor, military bases, and commuter routes.
Comps Snapshot
- 1540 Potomac Heights Dr #208 — Sold $379K
- 1342 Potomac Heights Dr #72 — Sold $375K
- 1338 Potomac Heights Dr #70 — Sold $359K
- Lowest Sale in Last Year: $309,950
With 3 bedrooms, 3 full baths, and potential for a 4th bedroom in the basement, this unit is positioned to maximize value.
Condition Breakdown
Exterior:
- Brick front, siding in fair condition
Interior:
- Rock accent & mirrored wall feature
- Kitchen: functional, dated finishes
- Bathrooms: dated but usable
- Flooring: mix of carpet & hardwood, some areas dated
Systems:
- Buyer to confirm HVAC, electrical, and plumbing during walkthrough
- No major structural red flags noted
BUY NOW OFFER = $245K
SHOWING – SATURDAY 4 October 11 to 1pm
DISCLAIMER
- All properties are available for purchase using cash or hard money.
- Buyers are encouraged to conduct their own research and verify all details independently.
- Prices are presented as NET to the seller, with buyers covering all closing costs. Any estimates for property value or rental income are offered as general guidance and should not be taken as guarantees.
- Our properties tend to sell quickly, so if you’re interested, we recommend reaching out without delay.
- This offering represents an assignment of contract. We hold a legally binding agreement with the seller, giving us exclusive rights to market this opportunity. Please respect this agreement by refraining from contacting the seller directly.
- Any unauthorized communication or attempts to renegotiate terms with the seller may lead to legal consequences.
- Provided ARV and rent projections are for informational purposes only and not warranted.
- Buyers are solely responsible for verifying all property details through their due diligence.