This 5-bedroom, 4.5-bath colonial in Rockville's Lakewood Estates shows strong flip potential. Built in 1999 on a half-acre lot, it last sold in 2017 for $1.16M and is now valued around $1.58M. The property has appreciated significantly, with historical values showing steady growth over the past few years.
Consider purchasing if available under $1.4M, leaving room for renovations and profit. Focus on kitchen and bathroom upgrades to maximize return. The large lot size and desirable location near I-270 add value. However, be cautious of potential market fluctuations and renovation costs eating into profits.