Auction Canceled (Again) For One of DC’s Area’s Priciest Homes

• February 21, 2013
• 2 Comments

by Shilpi Paul

Looking up at the ridge where 201 Chain Bridge Road sits.

For the second time, the auction of one of the DC area’s priciest homes was canceled.

No reason was given for why the Thursday morning auction of 201 Chain Bridge Road (map), which has been assessed at $20.3 million, was canceled. But the cancellation of this event is now becoming a trend. The initial auction, set for September 2012, was also canceled.

The 20,000-square-foot Mediteranean-style home, which overlooks the Potomac River and has views of DC’s skyline, was recognized as the third most expensive home in the May 2012 issue of Washingtonian, months before the owner foreclosed on it.

Built in 2003, the home boasts MTV Crib-worthy features like multiple bowling lanes, a 15-car underground garage, a movie theater and indoor and outdoor spa amenities like a sauna, steam room and pool.

The auction for the unusually massive home was set to take place on the Arlington County Courthouse steps, which would’ve made for an entertaining scene of bidding millionaires. We’ll continue following the property to see what happens next.

This article originally published at http://dc.urbanturf.com/articles/blog/auction_canceled_again_for_one_of_dcs_areas_priciest_homes/6689

2 Comments

1. John Norquist said at 6:31 pm on Friday February 22, 2013:
   Below is from the Wash Post: Rodney P. Hunt built a 20,000-plus-square-foot mansion on the Potomac River in McLean as a monument to what he’d achieved as co-founder of RS Information Systems, a government contracting firm. The house, with its indoor basketball court, two-lane bowling alley and 15-car garage, was facing a foreclosure auction this week. The entrepreneur owed more than $9.4 million to Bank of America, public records show, for money borrowed against the house, which was once featured on MTV’s “Teen Cribs.” On Wednesday, Hunt was able to convince the bank that he can make payments on the loan, and the auction was cancelled. What a bum! Spent all his money he made selling his company and then cant make the mortgage payments?

1. David said at 9:12 pm on Sunday February 24, 2013:
   What a shame. Built a business out of sweat equity, sold it and lost it all for silliness; from what I have read.