NOT LISTED FOR SALE

10020 Founders Way Damascus, MD 20872

Estimated Value: $803,000 - $939,000

4 Beds
3 Baths
2,926 Sq Ft
$291/Sq Ft Est. Value

Last Sold December 13, 2012

Last sale price $470,000 $161 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,228/month

53 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • 2 Fireplaces
  • Woodfield Elementary School Rated A
  • Deck
  • Breakfast Area or Nook

About This Home

As of December 2012

This lovely Colonial home was built by NV Homes with tons of upgrades featuring a two story family room with overlooking walkway, 10 ft. ceilings, family size eat-in kitchen with 42" maple cabinets, hardwood flooring, fully finished basement with second fireplace, Oak stairs, custom crown molding, large deck overlooking treed lot.

Last Agent to Sell the Property

Timon Mitrakas

info@platinumreo.net Bang Realty License #0225179780 Listed on: 09/21/2012

Last Buyer's Agent

Betsy Martin

betsymartinsells@gmail.com RE/MAX Town Center License #MRIS:120222

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,209

Year Built

  • Built in 1996

Lot Details

  • 0.41 Acre Lot
  • Property is in very good condition
  • Property is zoned RE2

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • 2 Fireplaces
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Connecting Stairway
  • Rear Basement Entry

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 161203043233
  • $659 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,209

Year Built

Built in 1996

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1996
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Floor Plan - Open
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Rear Entrance, Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00

Exterior Features

  • Construction Materials: Combination, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Refuse: 213.76
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 50.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 315900.00
  • Land Assessed Value: 175800.00
  • Lot Size Acres: 0.41
  • Lot Size Area: 17716
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17716.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14000522
  • Tax Annual Amount: 6208.93
  • Assessor Parcel Number: 161203043233
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Multi Family

  • Front Foot Fee: 658.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2012
Closed on
Nov 15, 2012
Sold by
Wells Fargo Bank Na
Bought by
Khouri Ghassan and Khouri Julia E
Seller's Agent
Timon Mitrakas
Bang Realty
Buyer's Agent
Betsy Martin
RE/MAX Town Center
List Price
$499,900
Sold Price
$470,000
Premium/Discount to List
-$29,900
-5.98%
Current Estimated Value
$850,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,811
Avg. Annual Appreciation
4.67%
Original Mortgage
$500,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2012
Sold by
Loproto Joseph C and Loproto Monica M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 23, 1996
Sold by
Nvr Homes Inc
Bought by
M Joseph C and M Loproto M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Khouri Ghassan $470,000 First American Title Ins Co
Wells Fargo Bank Na $530,000 None Available
M Joseph C $299,825 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khouri Ghassan $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2012 12/13/12 Sold $470,000 -1.1% $161 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
10/22/2012 10/22/12 Price Changed $475,000 -5.0% $162 / Sq Ft
09/21/2012 09/21/12 For Sale $499,900 -- $171 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $8,588 $741,900 -- --
2024 $8,588 $707,100 $193,400 $513,700
2023 $3,720 $669,400 $0 $0
2022 $5,092 $631,700 $0 $0
2021 $6,215 $594,000 $193,400 $400,600
2020 $5,954 $572,467 $0 $0
2019 $5,701 $550,933 $0 $0
2018 $6,124 $529,400 $193,400 $336,000
2017 $6,107 $518,567 $0 $0
2016 -- $507,733 $0 $0
2015 $5,517 $496,900 $0 $0
2014 $5,517 $495,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004172286

Bright MLS

APN: 12-03043233