GERMANTOWN / MONT COUNTY | 2-LEVEL GARDEN CONDO | 2BD / 1.5BA | QUICK LIGHT RENO | HUGE DISCOUNT TO CURRENT COMPETITION (NOT IN MLS)
Sold Sight Unseen-No Access until we have a ratified contract with the buyer
PROPERTY OVERVIEW
Located in the Scenery Pointe community of Germantown, featuring a 2-level garden-style condo with 2 bedrooms, 1 full bathroom, 1 half bathroom and approximately 1,110 square feet.
Functional existing floor plan offers an opportunity for a light cosmetic renovation and retail resale without major structural changes.
Subject is being offered at 189000, providing a potential value-add opportunity compared with current same-community competition.
UPPER LEVEL
Features an eat-in kitchen, family and living room area, and a half bathroom.
LOWER LEVEL
Includes two bedrooms and a full bathroom accessible from both the primary bedroom and hallway.
Separate washer and dryer room provides convenient laundry space.
RENOVATION STRATEGY
Estimated renovation budget of 35000 focused on updating the existing kitchen, bathrooms, flooring and paint.
Existing 2 bedroom and 1.5 bathroom configuration is functional, allowing the investor to prioritize cosmetic improvements rather than major layout changes.
Potential light renovation and quick retail resale strategy, subject to actual property condition and market demand.
COMPARABLE SALES AND ARV SUPPORT
Current same-community competition at 20017 Dunstable Circle Unit 109-24, offered at 244900. This unit features 2 bedrooms, 1.5 bathrooms, approximately 1,102 square feet, no garage and one assigned parking space. Subject is similar in configuration, size and reported condition and is priced approximately 55900 below the competing asking price.
Recent renovated sale at 11207 Dunstable Way Unit 154, sold for 346000 on October 7, 2026. This unit features 2 bedrooms, 2.5 bathrooms, approximately 1,392 square feet and an attached 1-car garage.
The renovated comparable is approximately 282 square feet larger, offers an additional full bathroom and includes garage parking. Subject ARV has been conservatively adjusted to 310000 to account for these differences.
Current asking prices and renovated sales provide different types of market support and should not be treated as equivalent indicators of achievable resale value.
CONDO FEE AND COMMUNITY FEATURES
Reported monthly condo fee of approximately 401.
Fee reportedly covers roof and gutter maintenance, common areas, exterior building maintenance, master insurance, lawn and grounds maintenance, management, reserve funds, road maintenance, snow removal and trash.
One assigned parking space.
Community amenities include jogging and walking paths and playground areas.
LOCATION
Convenient access to I-270, Route 355, MARC commuter rail, major bus routes, shopping and dining.
Nearby outdoor recreation includes Great Seneca Valley Stream Park and Black Hill Regional Park.
INVESTMENT NUMBERS
Purchase Price: 189000
Estimated Renovation: 35000
Total Purchase and Renovation Basis: 224000
Estimated ARV: 310000
Estimated Gross Spread Before Closing Costs, Holding Costs, Financing, Condo Fees During Ownership, Selling Expenses and Other Costs: 86000
Buyer should verify condo fees, association financials, applicable assessments, resale restrictions and renovation requirements during due diligence.
DEADLINES AND CLOSING
Final and best offers due Wednesday, October 28, 2026, at 9:00 AM through the MarketPro website.
Scheduled closing date: Monday, November 30, 2026.
Proof of funds and LLC documentation must be uploaded for the offer to be considered.
Property access is not available until a contract with a buyer has been ratified. A walkthrough will then be coordinated.
Craig can assist with questions regarding available pictures or video.
