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12422 Falconbridge Dr
Gaithersburg, MD

12422 Falconbridge Dr

$680,000
3 bd • 4 ba • 3,062 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$680,000

Price/Sq.Ft

$222

Year Built

2003

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This Potomac Chase townhome offers exceptional value at $222.08/sqft, which is 25% below the Gaithersburg average of $296/sqft for similar properties. The spacious 3,062 sqft layout is 28% larger than the typical townhome in the area (2,390 sqft). Recent upgrades include new HVAC, hot water heater, kitchen appliances, washer, carpet, and deck, all within the last 3 years, representing an estimated $30,000+ in improvements. The property's flood risk score of 1/10 is significantly better than the area average of 3/10. The corner lot location next to green space and walking paths adds a premium, typically valued at 5-10% above interior units. The open floor plan, gourmet kitchen with center island, and walk-out lower level are highly desirable features in the current market. The property has appreciated 48.8% since its 2017 sale price of $457,000, outperforming the Gaithersburg market average of 42% for the same period.

The Bad

The current list price of $680,000 represents a 29.5% increase from its last sale in 2020, which is slightly above the market appreciation rate of 25% for Gaithersburg during this period. This aggressive pricing may limit the buyer pool. The property's age (built in 2003) means some systems and finishes may need updating in the coming years, despite recent improvements. The HOA fee is not specified, which could be a concern for budget-conscious buyers. The moderate fire risk (3/10) and major heat risk (6/10) may lead to higher insurance premiums and increased cooling costs. The nearby schools have mixed ratings (5-7/10), which might deter families prioritizing top-rated schools.

The Ugly

The heat risk score of 6/10 is concerning, with 7 days per year expected to reach 102°F. This could lead to significantly higher cooling costs and potential health risks for sensitive individuals. The moderate wind risk (4/10) combined with the corner unit location may result in higher heating costs during winter months. The rapid price appreciation since 2017 (48.8%) raises concerns about potential market corrections, especially given the current economic uncertainties. The lack of information about HOA fees and potential special assessments is a red flag, as these could significantly impact the total cost of ownership. The property's days on market (1) suggests a hot seller's market, which could lead to bidding wars and potential overpayment.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for upper-middle-income professionals or families with a household income of $180,000+ (based on a 28% front-end DTI ratio). It suits buyers who value space and modern amenities, particularly those working from home who can utilize the bonus room as an office. The property is perfect for entertainers, given the open floor plan, large deck, and walk-out lower level. Investors could expect a potential gross rental yield of 5.2% based on the estimated monthly rent of $2,970 for a 4-bedroom property in the area. The corner lot and proximity to green spaces make it attractive for those prioritizing privacy and outdoor access.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given the $680,000 price tag and potential for high HOA fees. Buyers seeking new construction should look elsewhere, as this home is over 20 years old. Families prioritizing top-rated schools may be disappointed by the mixed school ratings. Those sensitive to heat or with high cooling needs may struggle with the major heat risk (6/10). Investors looking for immediate high cash flow might find better opportunities, as the potential rental yield is moderate compared to other markets.
Demographics
Area Median Income

$130,469

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 102°F

windMODERATE

Insurance: Recommended

fireMODERATE

Insurance: Recommended

airMODERATE

3 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

The major heat risk (6/10) could lead to increased cooling costs and potential health risks during extreme heat events. The moderate fire risk (3/10) and wind risk (4/10) may result in higher insurance premiums. The rapid price appreciation since 2017 (48.8%) raises the risk of a market correction, potentially impacting future resale value. Unknown HOA fees and potential special assessments could significantly affect the total cost of ownership. The property's age may lead to increased maintenance costs in the coming years, despite recent upgrades. The competitive market conditions (1 day on market) increase the risk of overpaying in a bidding war scenario.
Insurance
Annual Cost

$2,448

$204 per month

Financials

Monthly Costs
Market Rent (3 bed)

$2,490

Get a detailed rental estimate on Zillow®
HOA Fee

$174

Price History

Property Taxes

$5,923
2024 Tax Assessment
5.2%from previous year
Assessed Value$514,500
Tax Rate1.15%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$875,970

28.8% above list price

Median Price

$935,000

Based on 5 recent sales

Price per Sq.Ft

$280

Comparable Properties

14962 DUFIEF DR, NORTH POTOMAC, MD 20878
Price: $1,037,000
Sq.Ft: 3,291
Beds/Baths: 4/4
$/Sq.Ft:
$31541.9%
Sale Date: 11/13/2024
12177 HIDDEN BROOK TER, NORTH POTOMAC, MD 20878
Price: $935,000
Sq.Ft: 3,505
Beds/Baths: 4/4
$/Sq.Ft:
$26720.1%
Sale Date: 10/24/2024
11604 FLINTS GROVE LN, NORTH POTOMAC, MD 20878
Price: $1,027,850
Sq.Ft: 3,102
Beds/Baths: 4/4
$/Sq.Ft:
$33149.2%
Sale Date: 8/24/2024
12413 FALCONBRIDGE DR, NORTH POTOMAC, MD 20878
Price: $660,000
Sq.Ft: 3,201
Beds/Baths: 3/4
$/Sq.Ft:
$2067.2%
Sale Date: 8/22/2024
15224 APRICOT LN, NORTH POTOMAC, MD 20878
Price: $720,000
Sq.Ft: 2,587
Beds/Baths: 4/4
$/Sq.Ft:
$27825.3%
Sale Date: 8/22/2024

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