Seller's Agent in 2024
Jenna Taheri
Harper & Ryan Real Estate, Inc.
(917) 670-7975
2 in this area
41 Total Sales
10240 Democracy Ln Potomac, MD 20854
Estimated Value: $1,250,000 - $1,350,000
4
Beds
2.5
Baths
3,575
Sq Ft
$361/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Community Basketball Court
- 2 Car Attached Garage
- Bells Mill Elementary School Rated A
- Jogging Path
- Oversized Parking
About This Home
As of October 2024Welcome to 10240 Democracy Lane. This meticulously maintained home has the perfect combination of elegance and comfort. The beautifully renovated 4BDRM/2.5BA home in the sought after East Gate of Potomac, will have you feeling like you're walking through a model home. The home was recently redesigned and is a perfect 10! The kitchen was opened up to the family room and has a gorgeous quartz waterfall kitchen island, quartz countertops and quartz backsplash. All new stainless steel appliances throughout, including a built in wine/beverage fridge and a microwave in the center island. Refinished hardwood floors throughout the main and upper levels. The main level includes a large family room with a cozy gas fireplace, grande living room, dining room and perfect main level office. Upper level boasts 4 bedrooms and 2 full baths. The master suite has the walk-in closet of your dreams, and a stunning spa-like master bathroom with double sinks, free standing soaking tub and gorgeous shower. Huge fully finished basement with large storage room. Storage room has a full window and can easily be transformed into a 5th bedroom. The backyard is perfect for entertaining. Fully fenced in, large yard with flagstone patio and a built in wood burning fire pit. Absolutely perfect for the fall nights ahead! Minutes to Cabin John Shopping Center, Montgomery Mall, Wildwood Shopping Center and Cabin John Regional Park. Perfect for commuters with easy access to Democracy Blvd, Seven Locks Rd, I-495 and I-270. This home has it all!
Last Agent to Sell the Property
(301) 525-1735 JENNABLAIR@gmail.com Harper & Ryan Real Estate, Inc. Listed on: 09/04/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $13,434
Year Built
- Built in 1971
Lot Details
- 4,260 Sq Ft Lot
HOA Fees
- $165 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Oversized Parking
- Front Facing Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- Fireplace With Glass Doors
- Gas Fireplace
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
Finished Basement
- Connecting Stairway
- Interior Basement Entry
- Sump Pump
Schools
- Bells Mill Elementary School
- Cabin John Middle School
- Winston Churchill High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 161000910340
Community Details
Overview
- Association fees include lawn care front, lawn care side, reserve funds, snow removal
- East Gate Of Potomac Subdivision
Recreation
- Community Basketball Court
- Community Playground
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 9, 2024
Sold by
Bortnick Daniel M and Bortnick Joanna L
Bought by
Knight Alison and Knight Ryan
Seller's Agent
Jenna Taheri
Harper & Ryan Real Estate, Inc.
Buyer's Agent
Karen Kelly
Compass
List Price
$1,275,000
Sold Price
$1,320,000
Premium/Discount to List
$45,000
3.53%
Views
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
-$29,228
Avg. Annual Appreciation
-1.53%
Original Mortgage
$990,000
Outstanding Balance
$976,242
Interest Rate
5.33%
Mortgage Type
New Conventional
Estimated Equity
$314,530
Purchase Details
Listed on
Mar 2, 2016
Closed on
Apr 8, 2016
Sold by
Taylor Bryan C and Taylor Nicole R
Bought by
Bortnick Daniel M and Bortnick Joanna L
Seller's Agent
Derek Colen
Redfin Corp
Buyer's Agent
Derek Colen
Redfin Corp
List Price
$919,900
Sold Price
$925,000
Premium/Discount to List
$5,100
0.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$740,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Apr 10, 2014
Closed on
May 30, 2014
Sold by
Lamb Margaret A and Margaret A Lamb Revocable Trus
Bought by
Taylor Bryan C and Taylor Nicole R
Seller's Agent
Marie McCormack
Long & Foster Real Estate, Inc.
Buyer's Agent
Derek Colen
Redfin Corp
List Price
$775,000
Sold Price
$775,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$542,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Knight Alison | $1,320,000 | None Listed On Document | |
| Knight Alison | $1,320,000 | None Listed On Document | |
| Bortnick Daniel M | $925,000 | Title Town Settlements Llc | |
| Taylor Bryan C | $775,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Knight Alison | $990,000 | |
| Closed | Knight Alison | $990,000 | |
| Previous Owner | Bortnick Daniel M | $740,000 | |
| Previous Owner | Taylor Bryan C | $542,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/09/2024 10/09/24 | Sold | $1,320,000 | +3.5% | $369 / Sq Ft | |
| 09/08/2024 09/08/24 | Pending | -- | -- | -- | |
| 09/04/2024 09/04/24 | For Sale | $1,275,000 | +37.8% | $357 / Sq Ft | |
| 04/08/2016 04/08/16 | Sold | $925,000 | +0.6% | $260 / Sq Ft | View Prior Sale |
| 03/07/2016 03/07/16 | Pending | -- | -- | -- | |
| 03/02/2016 03/02/16 | For Sale | $919,900 | +18.7% | $258 / Sq Ft | |
| 05/30/2014 05/30/14 | Sold | $775,000 | 0.0% | $271 / Sq Ft | View Prior Sale |
| 04/12/2014 04/12/14 | Pending | -- | -- | -- | |
| 04/10/2014 04/10/14 | For Sale | $775,000 | -- | $271 / 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 | $13,434 | $1,252,200 | $400,000 | $852,200 |
| 2024 | $13,434 | $1,128,067 | $0 | $0 |
| 2023 | $12,679 | $1,003,933 | $0 | $0 |
| 2022 | $9,424 | $879,800 | $400,000 | $479,800 |
| 2021 | $9,344 | $879,800 | $400,000 | $479,800 |
| 2020 | $9,344 | $879,800 | $400,000 | $479,800 |
| 2019 | $9,752 | $918,300 | $400,000 | $518,300 |
| 2018 | $9,013 | $850,500 | $0 | $0 |
| 2017 | $8,422 | $782,700 | $0 | $0 |
| 2016 | -- | $714,900 | $0 | $0 |
| 2015 | $6,714 | $699,733 | $0 | $0 |
| 2014 | $6,714 | $684,567 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jenna Taheri
-
Karen Kelly
Buyer's Agent in 2024
Karen Kelly
Compass
(202) 255-5502
7 in this area
108 Total Sales
-
Dana Rice
Buyer Co-Listing Agent in 2024
Dana Rice
Compass
(202) 669-6908
19 in this area
541 Total Sales
-
Derek Colen
D
Seller's Agent in 2016
Derek Colen
Redfin Corp
-
Marie McCormack
Seller's Agent in 2014
Marie McCormack
Long & Foster
(301) 437-8678
2 in this area
43 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2146010
APN: 10-00910340
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