Seller's Agent in 2024
Henry Akinyemi
Kaysons Realty Group
(301) 613-4540
1 in this area
31 Total Sales
10240 Democracy Blvd Potomac, MD 20854
Estimated Value: $2,438,000 - $3,152,153
6
Beds
14
Baths
9,060
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- Heated Indoor Pool
- Tennis Courts
- Pond View
- Seven Locks Elementary School Rated A
- 24-Hour Security
- 2 Acre Lot
About This Home
As of March 2024Back on the market contract fell through !!This Breath taking luxury Castle sits on 2 Acres in the prestigious Potomac neighborhood. Family and guests enter into the mansion in the circular driveway and private gated entrance.. It has an elegant features and amenities throughout. It features 6 BR/5FBA, 2HBA, 3FP, 4 car garage., indoor pool, private gym , gazebo , separate playground/gym , 9ft + cathedral ceilings, oversized windows, a gorgeous great room, study room, media room sunroom with lots of light beaming throughout , 2 separate dining rooms beautiful kitchen, separate breakfast room, main level in law Master suite , stunning bathroom. The exquisite d in this designs make this mansion spectacular for entertaining your guests. The backyard is a picturesque oasis which backs up to lovely open woods, beautiful outdoor patio swimming pool with cabana, stone fountain. This Castle is a custom contemporary built, with massive elegant features amenties thoughout THIS IS A MUST SEE!!! PROPERTY SOLD AS IS.
Last Agent to Sell the Property
Kaysons Realty Group License #601200 Listed on: 12/16/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,183
Year Built
- Built in 1986
Lot Details
- 2 Acre Lot
- Split Rail Fence
- Property is Fully Fenced
- Privacy Fence
- Extensive Hardscape
- Property is zoned RE2
Parking
- 4 Car Detached Garage
- Front Facing Garage
- Garage Door Opener
Property Views
- Pond
- Garden
Home Design
- Contemporary Architecture
- Brick Foundation
- Frame Construction
- Composition Roof
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3.5 Levels
- Open Floorplan
- Curved or Spiral Staircase
- Built-In Features
- Chair Railings
- Crown Molding
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- 2 Fireplaces
- Wood Burning Fireplace
- Screen For Fireplace
- Marble Fireplace
- Stone Fireplace
- Window Treatments
- Palladian Windows
- Bay Window
- Sliding Doors
- Dining Area
- Finished Basement
- Walk-Out Basement
- Laundry on lower level
- Attic
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Butlers Pantry
- Built-In Double Oven
- Electric Oven or Range
- Built-In Range
- Stove
- Down Draft Cooktop
- Range Hood
- Built-In Microwave
- Extra Refrigerator or Freezer
- ENERGY STAR Qualified Refrigerator
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Compactor
- Disposal
Flooring
- Carpet
- Load Restrictions
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- En-Suite Bathroom
- Cedar Closet
- Walk-In Closet
- Bathtub with Shower
Home Security
- Exterior Cameras
- Fire and Smoke Detector
Accessible Home Design
- Doors with lever handles
- Level Entry For Accessibility
Eco-Friendly Details
- Energy-Efficient Windows
- ENERGY STAR Qualified Equipment for Heating
Pool
- Heated Indoor Pool
- Filtered Pool
- Heated In Ground Pool
- No Permits for Pool
Outdoor Features
- Tennis Courts
- Sport Court
- Balcony
- Screened Patio
- Exterior Lighting
- Playground
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- 120/240V
- 110 Volts
- Water Treatment System
- 60 Gallon+ Electric Water Heater
- Phone Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 161002449827
Community Details
Overview
- No Home Owners Association
- Camotop Subdivision
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2023
Closed on
Mar 25, 2024
Sold by
Asiegbunam Ejike
Bought by
Sanjay Property Llc
Seller's Agent
Henry Akinyemi
Kaysons Realty Group
Buyer's Agent
Henry Akinyemi
Kaysons Realty Group
List Price
$2,700,000
Sold Price
$2,300,000
Premium/Discount to List
-$400,000
-14.81%
Views
835
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
$513,288
Avg. Annual Appreciation
16.21%
Original Mortgage
$2,300,000
Outstanding Balance
$2,268,116
Interest Rate
6.94%
Mortgage Type
Construction
Estimated Equity
$595,992
Purchase Details
Listed on
Mar 15, 2019
Closed on
Jun 24, 2019
Sold by
Champaloux Barbara and Champaloux Gerard P
Bought by
Asiegbunam Ejike
Seller's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
Buyer's Agent
Henry Akinyemi
Kaysons Realty Group
List Price
$1,895,000
Sold Price
$1,800,000
Premium/Discount to List
-$95,000
-5.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%
Original Mortgage
$1,170,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 28, 2001
Sold by
Champaloux Gerald and Champaloux B
Bought by
Champaloux Barbara & G P Tr
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sanjay Property Llc | $2,300,000 | Preferred Title | |
| Asiegbunam Ejike | $1,800,000 | Dream Title & Escrow Llc | |
| Champaloux Barbara & G P Tr | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sanjay Property Llc | $2,300,000 | |
| Previous Owner | Asiegbunam Ejike | $1,170,000 | |
| Previous Owner | Champaloux Gerard P | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $2,300,000 | -8.0% | $254 / Sq Ft |
| 03/21/2024 03/21/24 | Price Changed | $2,499,900 | 0.0% | $276 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 12/28/2023 12/28/23 | Price Changed | $2,499,900 | -7.4% | $276 / Sq Ft |
| 12/16/2023 12/16/23 | For Sale | $2,700,000 | +50.0% | $298 / Sq Ft |
| 06/21/2019 06/21/19 | Sold | $1,800,000 | -5.0% | $186 / Sq Ft |
| 04/26/2019 04/26/19 | Pending | -- | -- | -- |
| 03/15/2019 03/15/19 | For Sale | $1,895,000 | -- | $196 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $25,379 | $2,330,200 | $750,000 | $1,580,200 |
| 2024 | $25,379 | $2,142,000 | $0 | $0 |
| 2023 | $22,357 | $1,953,800 | $0 | $0 |
| 2022 | $19,438 | $1,765,600 | $750,000 | $1,015,600 |
| 2021 | $19,359 | $1,765,600 | $750,000 | $1,015,600 |
| 2020 | $19,332 | $1,765,600 | $750,000 | $1,015,600 |
| 2019 | $23,448 | $2,141,500 | $814,000 | $1,327,500 |
| 2018 | $23,483 | $2,141,500 | $814,000 | $1,327,500 |
| 2017 | $26,653 | $2,141,500 | $0 | $0 |
| 2016 | -- | $2,274,600 | $0 | $0 |
| 2015 | $22,807 | $2,201,500 | $0 | $0 |
| 2014 | $22,807 | $2,128,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Henry Akinyemi
-
Michelle Yu
Seller's Agent in 2019
Michelle Yu
Long & Foster
(240) 888-5076
102 in this area
402 Total Sales
-
Linda Robinson
Seller Co-Listing Agent in 2019
Linda Robinson
Long & Foster
(240) 432-3503
1 in this area
17 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2115448
APN: 10-02449827
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