20 Years of Ownership and $100 in Appreciation in Potomac

[Anonymous]

Anonymous wrote:

Anonymous wrote:that area of potomac is very far out not surprised

I disagree, this is not far out and walking distance to Potomac Village and about 3 miles to beltway.[/[b]quote]

I hope your not suggesting h anyone walks River Road to the Beltway!

[Anonymous]

I like the look. Except not the front doors. It's got that old Potomac vibe.

What will look dated are all the HOA looking faux craftsman newer builds inside the beltway. Many with faux shutters to match the siding all the way around. Bonus for the stone beneath the front windows that reminds me of someone who pulls their pants up to their nipples.

[Anonymous]

Anonymous wrote:Not surprising if you know the history of the real estate market. My sister bought her house in Bethesda in 2005 for $2M and it is now only valued at $2.4.

It seems hard for people in this thread to understand this, but your timing and house choice always make a difference. I bought my Bethesda house for $700K in 2007 and it's now valued at $1.6 million.

[Anonymous]

Anonymous wrote:

Anonymous wrote:8k sqft? I wouldn’t sell it for that

newer houses this size on smaller plots in Bethesda have $42,000 property tax and cost double. I love how people think there are 2 million dollar homes this size walking distance to Metro.

This house below is 4.3 million 85 x 100 lot and to be honest it is Bethesda but also off river road and you can walk to metro which is great but a decent walk in winter or rain. So being 7 miles close to metro in Bethesda will cost you an extra 2.3 million and $27,000 a year extra in property taxes.

Amazing as when I was looking in 2016 at houses it was a 200K to 300K price difference.

https://www.redfin.com/MD/Bethesda/5120-Wessling-Ln-20814/home/10639153

That place is incredible; Rui Ponte really outdid himself. Love the upper family room and wine tasting room.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not surprising if you know the history of the real estate market. My sister bought her house in Bethesda in 2005 for $2M and it is now only valued at $2.4.

It seems hard for people in this thread to understand this, but your timing and house choice always make a difference. I bought my Bethesda house for $700K in 2007 and it's now valued at $1.6 million.

but also, paying on it for 20 years means that the sellers probably had a whole lot of equity unless they took out a bunch of new loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:That's an ugly-ass cynical house. It would have appreciated with the market if they had just built a traditional colonial design with less tacky materials.

Aren’t you a (check the bolded). No idea why yo want to insert that word, but it’s truly telling - you can’t afford that home because you’re made of “tacky materials”.

Found the tasteless fool that lives in a horrendous looking 1990’s McMansion in Potomac. Your house is tacky — that’s just the reality and no amount of trying to turn this around on those with the sense to call it out as such will change that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:8k sqft? I wouldn’t sell it for that

newer houses this size on smaller plots in Bethesda have $42,000 property tax and cost double. I love how people think there are 2 million dollar homes this size walking distance to Metro.

This house below is 4.3 million 85 x 100 lot and to be honest it is Bethesda but also off river road and you can walk to metro which is great but a decent walk in winter or rain. So being 7 miles close to metro in Bethesda will cost you an extra 2.3 million and $27,000 a year extra in property taxes.

Amazing as when I was looking in 2016 at houses it was a 200K to 300K price difference.

https://www.redfin.com/MD/Bethesda/5120-Wessling-Ln-20814/home/10639153

$42,000 property taxes? I don't think so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:8k sqft? I wouldn’t sell it for that

newer houses this size on smaller plots in Bethesda have $42,000 property tax and cost double. I love how people think there are 2 million dollar homes this size walking distance to Metro.

This house below is 4.3 million 85 x 100 lot and to be honest it is Bethesda but also off river road and you can walk to metro which is great but a decent walk in winter or rain. So being 7 miles close to metro in Bethesda will cost you an extra 2.3 million and $27,000 a year extra in property taxes.

Amazing as when I was looking in 2016 at houses it was a 200K to 300K price difference.

https://www.redfin.com/MD/Bethesda/5120-Wessling-Ln-20814/home/

10639153

$42,000 property taxes? I don't think so.

This is current tax in that Bethesda house.
Year Property Tax Assessment
2025 $42,517 (+4.3%)

[Anonymous]

The Bethesda house was built in 2015 and the Potomac house was built in the 80's. The Bethesda house is still kind of competitive with new construction. 80's houses without updates are almost close to being tear down these days.

[Anonymous]

It doesn't matter if that Potomac house was in Bethesda. It would be selling for the same as 2005.

[Anonymous]

Anonymous wrote:It doesn't matter if that Potomac house was in Bethesda. It would be selling for the same as 2005.

No. Would be about $4 million in Edgemoor.

[Anonymous]

You also have to remember that the asthetic in 2005 was very much a category. For example, multiple peaks, stucco over stone and big blocky extrusions were common place. It wasn’t craftsman and it wasn’t farmhouse or colonial symmetrical. It was some weird morph of faux opulence and hyper-feature inclusion that didn’t make for a cohesive design.

These homes built during the rise of the exurb; 2001-2006, were just extrapolating off of equally as dated examples built in the previous run up. It’s like how the Hummer2 was the peak SUV of this era.

There are so few of these Potomac Mansions that have an aesthetic that transcends multiple decades or can be tastefully painted to modernize. It’s this lack of cosmetic resilience that ultimately caps their market value. It’s a big home. But Will always be slightly displeasing. Just like the H2.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It doesn't matter if that Potomac house was in Bethesda. It would be selling for the same as 2005.

No. Would be about $4 million in Edgemoor.

https://www.redfin.com/MD/Bethesda/9204-Redwood-Ave-20817/home/10698791

90's Bethesda house - sold for $2.8mm in 2007 and sold for $2.7mm in 2025

https://www.redfin.com/MD/Bethesda/8605-Darby-Pl-20817/home/10687303

80's Bethesda house - sold for $1.8mm in 2006 and sold for $1.8mm in 2024

[Anonymous]

Assessed value from the county is $2.6mln. There must be some story behidn this if it sold for that much below the assessed value, as the county usually assesses a bit below market price. Maybe seller need to move it fast?

[Anonymous]

Anonymous wrote:Funny buyer had all photos inside of house scrubbed from the realtor listings and did a google blur of house since he bought it a few weeks ago. Now I am curious.

Here you go

https://www.relahq.com/mls/224148501