Score
0Gaithersburg, MD
12422 Falconbridge Dr
680K
3 beds
4 baths
3,062 sqft
3 bd • 4 ba • 3,062 sf
This analysis was generated 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
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 18, 2023Daniel Shapiro, Filomena RuddDaniel J Shapiro, Daniel J Shapiro Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$524,990Financed
May 22, 2020Andrew Gaudio, Anh Tu Duong GaudioDaniel Shapiro, Filomena Rudd
Deed
Standard Sale (Purchase/Resales)
$457,000Cash Purchase
May 30, 2017Mohammad Makhmalbaf, Shabnam MakhmalbafAndrew Gaudio, Anh Tu Duong Gaudio
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 20, 2012Mohammad MakhmalbafMohammad Makhmalbaf, Shabnam Makhmalbaf
Gift Deed
Non-Arm's Length Transactions
$395,415Cash Purchase
Jan 1, 1970Nvr, IncMohammad Makhmalbaf
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$5,923
2024 Tax Assessment
5.2%from previous year
Assessed Value$514,500
Tax Rate1.15%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.5/10
GoodMiddle
7.5/10
GoodHigh
6.0/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$680,000
Price/sqft
$222
Layout
3 bd•4 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$875,970
22.4%
Your price is 22.4% below average
Median Price
$935,000
27.3%
Based on 5 recent sales
Price per Sq.Ft
$280
20.7%
Your price is 20.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 14962 DUFIEF DR, NORTH POTOMAC, MD 20878 | $1,037,000 | 3,291 | 4 | 4 | $31541.9% | 11/13/2024 |
| 12177 HIDDEN BROOK TER, NORTH POTOMAC, MD 20878 | $935,000 | 3,505 | 4 | 4 | $26720.1% | 10/24/2024 |
| 11604 FLINTS GROVE LN, NORTH POTOMAC, MD 20878 | $1,027,850 | 3,102 | 4 | 4 | $33149.2% | 8/24/2024 |
| 12413 FALCONBRIDGE DR, NORTH POTOMAC, MD 20878 | $660,000 | 3,201 | 3 | 4 | $2067.2% | 8/22/2024 |
| 15224 APRICOT LN, NORTH POTOMAC, MD 20878 | $720,000 | 2,587 | 4 | 4 | $27825.3% | 8/22/2024 |
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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