NOT LISTED FOR SALE

10040 Chapel Rd Potomac, MD 20854

Estimated Value: $2,483,000 - $5,030,000

3.81 Acres
$1,023,319 Price per Acre
165,964 Sq Ft Lot

Last Sold September 10, 2020

Last sale price $1,065,000

Est. 266% increase in value since last sale

Current estimated payment $24,007/month

Highlights

  • View of Trees or Woods
  • 3.81 Acre Lot
  • Wooded Lot
  • Potomac Elementary School Rated A
  • Premium Lot
  • No HOA

About This Lot

As of September 2020

FANTASTIC OPPORTUNITY TO BUILD DREAM HOME WITH NO RESTRICTIONS OTHER THAN MONTGOMERY COUNTY REGULATIONS ON SPECTACULAR 3.8-ACRE PARCEL. LEVEL PLUS WOODED LOT ON PRESTIGIOUS STREET. ONLY BLOCKS FROM POTOMAC VILLAGE. CALL LISTER FOR DETAILS

Last Agent to Sell the Property

Marc Fleisher

Compass Listed on: 06/07/2019

Compass

Last Buyer's Agent

Daniel Heider

TTR Sotheby's International Realty License #681976

TTR Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,756

Lot Details

  • 3.81 Acre Lot
  • Premium Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Property is zoned RE2

Property Views

  • Views of Woods

Schools

  • Potomac Elementary School
  • Herbert Hoover Middle School
  • Winston Churchill High School

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 161000854185

Property Details

Property Type

Land

Est. Annual Taxes

$13,756

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: FANTASTIC OPPORTUNITY TO BUILD DREAM HOME WITH NO RESTRICTIONS OTHER THAN MONTGOMERY COUNTY REGULATIONS ON SPECTACULAR 3.8-ACRE PARCEL. LEVEL PLUS WOODED LOT ON PRESTIGIOUS STREET. ONLY BLOCKS FROM POTOMAC VILLAGE. CALL LISTER FOR DETAILS
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 7.20
  • Street Number Modifier: 10040

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Black Top
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Septic Exists
  • Utilities: Electric Available
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: POTOMAC
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 011
  • Lot Features: Backs To Trees, Premium, Road Frontage, Trees/Wooded
  • Lot Size Acres: 3.81
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 165964.00
  • Possible Use: Residential
  • Year Assessed: 2020
  • Zoning: RE2
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13979996
  • Tax Annual Amount: 13756.00
  • Assessor Parcel Number: 161000854185
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/10/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Sep 4, 2020
Sold by
Behnam Mohammad Ali and Behnam Alicia
Bought by
10040 Chapel Road Llc
Seller's Agent
Marc Fleisher
Compass
Buyer's Agent
Daniel Heider
TTR Sotheby's International Realty
List Price
$1,195,000
Sold Price
$1,065,000
Premium/Discount to List
-$130,000
-10.88%
Current Estimated Value
$3,898,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,833,844
Avg. Annual Appreciation
28.65%

Purchase Details

Closed on
Sep 20, 1994
Sold by
Hermes Elizabeth M
Bought by
Behnam Mohammad A
Source: Public Records

Range of Values:

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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
10040 Chapel Road Llc $1,065,000 Hallmark Title Inc
Behnam Mohammad A $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 10400 Chapel Road Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $1,065,000 -10.9% --
07/10/2020 07/10/20 Pending -- -- --
06/07/2019 06/07/19 For Sale $1,195,000 -- --
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 $38,811 $3,386,500 $857,000 $2,529,500
2024 $38,811 $3,344,300 $0 $0
2023 $14,374 $1,247,500 $1,247,500 $0
2022 $13,766 $1,247,500 $1,247,500 $0
2021 $13,754 $1,247,500 $1,247,500 $0
2020 $13,762 $1,247,500 $1,247,500 $0
2019 $13,756 $1,247,500 $1,247,500 $0
2018 $13,781 $1,247,500 $1,247,500 $0
2017 $14,349 $1,247,500 $0 $0
2016 $13,462 $1,247,500 $0 $0
2015 $13,462 $1,247,500 $0 $0
2014 $13,462 $1,247,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marc Fleisher

    Seller's Agent in 2020

    Marc Fleisher

    Compass

    (202) 438-4880

    14 in this area

    99 Total Sales

    Marc Fleisher
    Section Image
  • Daniel Heider

    Buyer's Agent in 2020

    Daniel Heider

    TTR Sotheby's International Realty

    (703) 785-7820

    21 in this area

    418 Total Sales

    Daniel Heider
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC663462

Bright MLS

APN: 10-00854185

Maryland Montgomery County Potomac 20854

10040 Chapel Rd, Potomac, MD

This home is located at 10040 Chapel Rd, Potomac, MD 20854 since 07 June 2019 and is currently estimated at $3,898,844. 10040 Chapel Rd is a home located in Montgomery County with nearby schools including Potomac Elementary School, Herbert Hoover Middle School, and Winston Churchill High School.

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