One of The Washingtonian’s 50 Most Expensive Homes to be Sold at a Foreclosure Auction This Month

In April, the mansion at 201 Chain Bridge Road was ranked number three on
The Washingtonian’s list of the area’s 50 most expensive homes.
Now it will be sold at a foreclosure auction on September 27 at the Arlington County
Courthouse. As we reported April, it is owned by a Prince Georges County native,
Rodney P. Hunt, who apparently did well for himself—but maybe not well enough—when he sold his company
RS Information Systems in 2008. He formed the Rodney P. Hunt Foundation and became
chairman of a new enterprise called BTDG.

In May, PR Newswire
reported

that Hunt had just secured the first half—$5 million of a
hoped-for $10 million—in
debt financing for a restructuring of BTDG. At the time the
company’s president said
Hunt planned on “using his considerable resources in the debt
and equity markets to
reposition the stock from a pink-sheet company to a fully
reporting public company,
listed on a major exchange.” The stock shows virtually no
activity on MarketWatch.

The home, however, is billed as “magnificent” in the auction notice. According to
the published information, it has ten fireplaces, a gourmet kitchen, views of the
Potomac River and the Washington skyline, a detached guest house and staff quarters,
a basketball court, separate gyms and showers for men and women, a spa, indoor and
outdoor swimming pools, a two-lane bowling alley, a movie theater, and parking for
18 cars.

We made an inquiry with the Hunt Foundation but have not yet heard back. Tranzon,
a nationwide auction company, is handling the sale. We talked to someone in the local
office to try to find out why the property was foreclosed upon. All he could say was,
“Signs of the economy.”