ARV = $820k+
Comps:
- 2219 Cherry Leaf Ln – $811,500 (5/2.5, smaller lot & house, same year, 18 DOM, not as nice a location)
- 2814 Gunarette Way – $660,000 (same floorplan, off-market, partial updates but dated in most areas)
- Other dated homes in the $660K–$700K range; finished product could command low $820Ks+ in this pocket
DEAL AT A GLANCE
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Taxable Assessment: $564,700 | Annual Tax: ~$6,626
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Beds/Baths: 3 / 3
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SQFT: 2,254 above grade + 690 unfinished basement (Total 2,944 SF)
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Lot: 0.34 acres (14,939 SF, cul-de-sac)
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Year Built: 1985 | Subdivision: Homecrest
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Parking: Driveway / Street
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HOA: None
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Repairs: Moderate—mainly cosmetic, kitchen & bath upgrades, some exterior
WHY INVEST HERE?
Spacious Layout & Value-Add Potential:
Split-level with 3 bedrooms, 3 baths, multiple living spaces, and a large partial finished walkout basement. Room to create open concept or add living space for max ARV.
Major Systems:
- Roof: ~12 years old (insurance replacement after storm, well maintained)
- HVAC: Carrier unit, manufactured August 2019, R410A, appears in good shape
- Windows: Replaced ~15-17 years ago
- Utilities: Electric heat, public water/sewer
Easy Cosmetic Lift:
Home is cluttered (estate inheritance), but bones are solid. Needs full paint, flooring refresh, kitchen and bath updates, and thorough cleanout for max resale.
Home is cluttered (estate inheritance), but bones are solid. Needs full paint, flooring refresh, kitchen and bath updates, and thorough cleanout for max resale.
Outdoor/Extra Spaces:
- Large, private lot on a cul-de-sac
- Walkout basement
- Deck—needs repair or replacement
- Mature landscaping; some overgrowth but excellent curb appeal with cleanup
Prime Neighborhood:
Homecrest is quiet and established with wide lots, mature trees, and strong owner occupancy. More character and space than neighboring subdivisions.
Homecrest is quiet and established with wide lots, mature trees, and strong owner occupancy. More character and space than neighboring subdivisions.
Strong Demand Zone:
Montgomery County, close to ICC, Rockville, Silver Spring. Top local amenities, schools, shopping, and parks.PHOTO HIGHLIGHTS & VALUE NOTES
Montgomery County, close to ICC, Rockville, Silver Spring. Top local amenities, schools, shopping, and parks.PHOTO HIGHLIGHTS & VALUE NOTES
Exterior:
- Traditional split-level, mature trees, established landscaping
- Vinyl siding and architectural roof in good condition
- Wide lot with fenced rear yard and large deck (needs work)
Interior:
- Large, functional main level—needs cosmetic overhaul
- Kitchen and bathrooms are older; great candidate for modern upgrades
- Bedrooms and common areas full of personal items; plan for clean-out
- Basement is walkout, partially finished; opportunity for added living space or rental
Systems:
- HVAC, electric, and roof all functional; no visible foundation or water issues in provided walk-through
General Condition:
- Estate property—well cared for, but dated
- No major structural concerns noted
- Easy flip: paint, floors, kitchens, baths, exterior touch-ups
- Ready for quick cosmetic update, full renovation, or resale as-is
NEIGHBORHOOD SNAPSHOT
- Sought-after Aspen Hill/Rockville corridor
- Strong public schools
- Wide, tree-lined streets, low traffic (cul-de-sac)
- Limited local inventory—strong demand for finished product
WALKTHROUGH & SHOWING INFO
- Showings by appointment only
- House is organized but full of personal effects
INVESTOR CALCULATOR
- ARV: $820,000
- Repair Estimate: $55K–$75K (full cosmetic refresh, kitchen & bath reno, deck, landscaping, clean-out)
- Potential Spread: $100K–$120K+ as a full flip or high-end resale
WHY THIS ONE?
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- Rare, large split-level on a huge lot in Homecrest—move fast, big upside for experienced renovator or owner-occupant
- Modernize for top ARV or wholetail after clean-out—minimal structural/mechanical risk