Seller's Agent in 2021
Wendy Banner
Compass
(301) 365-9090
87 in this area
469 Total Sales
1 Olmstead Ct Potomac, MD 20854
Estimated Value: $868,000 - $1,042,000
4
Beds
2.5
Baths
2,076
Sq Ft
$459/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Colonial Architecture
- Premium Lot
- Ritchie Park Elementary School Rated A
- Deck
- Traditional Floor Plan
About This Home
As of August 2021NEW on Market! Sited on a corner lot on a quiet cul-de-sac in Horizon Hills you'll find yourself thrilled with all of the fantastic & thoughtful updates in this turn-key Colonial -- including updated kitchen and baths and a NEW ROOF (2020)! Hardwood floors welcome you throughout the main & upper levels which offers generously sized spaces; perfect for casual or more formal entertaining. Oversized windows, an updated (2005) gourmet kitchen with stainless steel appliances including a new range (2021) located in the large center island. Grab what's needed from the pantry and prepare yourself a meal to enjoy in the breakfast area with floor to ceiling bay window overlooking the private yard, or head outside to dine al fresco on the expansive deck. The family room is open to the kitchen and features a beautiful floor to ceiling brick fireplace! Head upstairs to find 4 perfectly sized bedrooms and 2 updated full baths (2014)! The primary suite offers a walk-in closet with custom built-ins and a gorgeously updated full bath with dual vanities & stunning glass door shower. The huge lower level offers a full level walkout, NEW carpeting (2021) and allows for so much flex space! A recreation room, game/exercise area, additional office space -- it's sure to suit your needs. An oversized utility/storage room completes the lower level.
In addition to the wonderful main level deck, there is ample green space all around this corner lot -- front, back, and side yard make spending time outdoors delightful. Pull out of the attached, oversized, 2 car garage and realize that all of your transportation needs are so conveniently close -- moments from Cabin John Shopping centers, Rockville Town Center, and all major highways -- getting back into the swing of things will be easy! You don't want to miss this one!
Last Agent to Sell the Property
(301) 298-1001 Wendy@BannerTeam.com Compass License #0225162224 Listed on: 07/23/2021
Last Buyer's Agent
(301) 656-2500 afitzgerald@weichertrealtors.net Weichert, REALTORS License #322657
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,313
Year Built
- Built in 1977
Lot Details
- 0.25 Acre Lot
- Cul-De-Sac
- Premium Lot
- Corner Lot
- Back, Front, and Side Yard
- Property is in excellent condition
- Property is zoned R90
Parking
- 2 Car Direct Access Garage
- 2 Driveway Spaces
- Oversized Parking
- Front Facing Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,076 Sq Ft Home
- Property has 3 Levels
- Traditional Floor Plan
- Ceiling Fan
- Recessed Lighting
- Fireplace With Glass Doors
- Fireplace Mantel
- Gas Fireplace
- Window Treatments
- Family Room Off Kitchen
- Formal Dining Room
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Kitchen Island
- Upgraded Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Walk-in Shower
Improved Basement
- Heated Basement
- Walk-Out Basement
- Connecting Stairway
- Interior and Exterior Basement Entry
- Laundry in Basement
- Basement Windows
Outdoor Features
- Deck
- Patio
Schools
- Ritchie Park Elementary School
- Julius West Middle School
- Richard Montgomery High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- Horizon Hill Subdivision
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 160401727340
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2021
Closed on
Aug 23, 2021
Sold by
Okin Sonya M and Okin Eric L
Bought by
Motie Reza
Seller's Agent
Wendy Banner
Compass
Buyer's Agent
Kurtis King
Weichert, REALTORS
List Price
$775,000
Sold Price
$833,000
Premium/Discount to List
$58,000
7.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,935
Avg. Annual Appreciation
2.96%
Original Mortgage
$666,400
Outstanding Balance
$604,129
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$347,806
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Motie Reza | $833,000 | Paragon Title & Escrow Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Motie Reza | $666,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2021 08/23/21 | Sold | $833,000 | -0.2% | $401 / Sq Ft |
| 07/28/2021 07/28/21 | Price Changed | $835,000 | +7.7% | $402 / Sq Ft |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- |
| 07/23/2021 07/23/21 | For Sale | $775,000 | -- | $373 / Sq Ft |
Source: Bright MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,325 | $804,500 | -- | -- |
| 2024 | $10,325 | $721,500 | $0 | $0 |
| 2023 | $8,444 | $638,500 | $400,400 | $238,100 |
| 2022 | $8,014 | $624,167 | $0 | $0 |
| 2021 | $6,888 | $609,833 | $0 | $0 |
| 2020 | $6,689 | $595,500 | $381,200 | $214,300 |
| 2019 | $6,698 | $595,500 | $381,200 | $214,300 |
| 2018 | $6,736 | $595,500 | $381,200 | $214,300 |
| 2017 | $7,675 | $603,600 | $0 | $0 |
| 2016 | -- | $579,100 | $0 | $0 |
| 2015 | $6,994 | $554,600 | $0 | $0 |
| 2014 | $6,994 | $530,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Wendy Banner
-
Ashley Vonada
Seller Co-Listing Agent in 2021
Ashley Vonada
Compass
(814) 470-9522
5 in this area
34 Total Sales
-
Kurtis King
Buyer's Agent in 2021
Kurtis King
Weichert Corporate
(301) 257-4125
9 in this area
36 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2006982
APN: 04-01727340
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