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$ 1,000,000
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ARV
Seller's estimated After Repaired Value (ARV). Your ARV will depend on your plans for the property. Always do your own due diligence. Then make an offer.
$4,500,000
Price
Seller's asking price. Your negotiation starts here. Make an offer. You may get a counter-offer to start negotiations. Make enough offers and you'll get some accepted.
$1,000,000
Repairs
Seller's repair estimate. Your repair budget will depend on your experience and on your plans for the property. Always best to visit the property to finalize your numbers. Then make an offer.
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Zestimate©
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
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Comps
Comps are similar homes that have recently sold close to the subject property. Make sure to compare differences in size, condition, and features.
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Rent Zestimate©
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.
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Subject Property and Comparables

# Address Beds/Baths Sq. ft. Last Sale Date Last Sale Price

Description

Details

Address: 12911 Circle dr, Rockville, MD 20850 (Potomac/Glen Hills)

 

Large 3.41 wooded acres Located in sought after Glen Hills.

 

The lot zoned RE-1 and has been conditionally pre-approved for subdivision for three 1+ Acre LOTS.

Parcel 1: 1.1 acre

Parcel 2: 1.11 acre

Parcel 3: 1.2 acre

 

You can build one structure while you go through the subdivision process.

 

Utilities are already on site.

 

The numbers

Ask: 1M (that’s 330k per parcel)

ARV: 4.0-4.5M ( assuming subdivision and three new constructions)

 

 

COMPS

9719 Watts Branch is directly across from the lot  assessed at $1.2 million with only .97 acre of ground

9703 Watts Branch Dr is a few houses down Watts Branch assessed at closer to $1.3 million with only 1.03 acre of ground

9711 Watts Branch couple of houses down on Watts BRANCH I assessed at $1.3 million with only .99 acre

Address: 12911 Circle Drive, Rockville, MD, USA
City:
State/County:
Zip: 20850
Country: United States
Open In Google Maps
Property Id : 32400
Price: $ 1,000,000
Property Size: 148 104,00 ft2
After Repaired Value: 4500000
walkscore7 / Car-Dependent more details here

Active Life

Jan Active Therapy
(3.01 miles)Jan Active Therapy
Active Physical Therapy
(2.85 miles)Active Physical Therapy
Active Family Chiropractic
(4.18 miles)Active Family Chiropractic

Restaurants

Colada Shop
(3.04 miles)Colada Shop
Cooper's Hawk Winery & Restaurant - Rockville
(2.06 miles)Cooper's Hawk Winery & Restaurant - Rockville
Poyoteca
(2 miles)Poyoteca

Shopping

Rockville Town Square
(3 miles)Rockville Town Square
Potomac French Market
(3.27 miles)Potomac French Market
Fallsgrove Village Center
(2.15 miles)Fallsgrove Village Center

Transportation

Mediterranean Limousine
(4.05 miles)Mediterranean Limousine
Culdesac Chauffeur Service
(4.94 miles)Culdesac Chauffeur Service
CLM Limo
(3.01 miles)CLM Limo
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