Seller's Agent in 2019
Wendy Banner
Compass
(301) 365-9090
82 in this area
441 Total Sales
10401 Democracy Ln Potomac, MD 20854
Estimated Value: $1,271,000 - $1,679,000
5
Beds
4.5
Baths
4,616
Sq Ft
$325/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Colonial Architecture
- Traditional Floor Plan
- Bells Mill Elementary School Rated A
- Vaulted Ceiling
- Marble Flooring
About This Home
As of August 2019Open house canceled! Offer Accepted! QUIET POTOMAC LOCATION, TOP RATED SCHOOLS, NO HOA and UPGRADES GALORE are just a few reasons to fall in love with this expanded brick colonial on quiet courtyard enclave. This meticulously appointed home features expansive and luminous chef's kitchen with 5 burner gas cooktop, double ovens, warming drawer, center island, and an abundance of storage plus desk and solarium breakfast area. Owner's suite features gorgeous bath, fireplace, two walk in closets and custom built-ins. Additional features include high ceilings, upgraded flooring & lighting, newer master bath and powder rooms, fresh paint, new heat pump and fenced playground. Current owner spent over $35,000 in upgrades over past year. Lower level offers true 5th bedroom, full bath, gym, recreation area, video area and lots of storage. Enjoy entertaining and dining al fresco on the private stone patio! Home is conveniently located and close to top schools: Bells Mills ES (.4 miles), Cabin JohnMS (.5 miles), Bullis School (1.7 miles), I-270 & Montgomery Mall (1.1 miles). Welcome home!
Last Agent to Sell the Property
(301) 298-1001 Wendy@BannerTeam.com Compass License #0225162224 Listed on: 05/03/2019
Last Buyer's Agent
(301) 946-6969 danielkay@gmail.com C. H. Kay Realty, Inc. License #BR40000223
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,702
Year Built
- Built in 1992
Lot Details
- 9,929 Sq Ft Lot
- Property is Fully Fenced
- Extensive Hardscape
- Property is in very good condition
- Property is zoned R90
Parking
- 2 Car Attached Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Built-In Features
- Chair Railings
- Crown Molding
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- 3 Fireplaces
- Fireplace Mantel
- Window Treatments
- Bay Window
- Sliding Doors
- Formal Dining Room
- Garden Views
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Built-In Self-Cleaning Double Oven
- Down Draft Cooktop
- Built-In Microwave
- Extra Refrigerator or Freezer
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Marble
- Tile or Brick
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
Laundry
- Front Loading Dryer
- Front Loading Washer
Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior Basement Entry
- Sump Pump
- Basement Windows
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Flood Lights
Outdoor Features
- Patio
- Playground
- Play Equipment
Schools
- Bells Mill Elementary School
- Cabin John Middle School
- Winston Churchill High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Vented Exhaust Fan
- Programmable Thermostat
- Water Dispenser
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Inverness Forest Subdivision
Listing and Financial Details
- Tax Lot 222
- Assessor Parcel Number 161002860792
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2019
Closed on
Aug 19, 2019
Sold by
Garcia Alexandre and Nadon Marie Christine
Bought by
Cho Jerome I and Cho Patty M
Seller's Agent
Wendy Banner
Compass
Buyer's Agent
Daniel Kay
C. H. Kay Realty, Inc.
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
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
$350,792
Avg. Annual Appreciation
4.02%
Original Mortgage
$726,525
Outstanding Balance
$626,533
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$874,259
Purchase Details
Listed on
Mar 10, 2016
Closed on
May 31, 2016
Sold by
Kline Andrew J and Kline Lauren W
Bought by
Garcia Alexandre and Nadon Marie Christine
Seller's Agent
Lauren Kline
Compass
Buyer's Agent
Amy Musher
Berkshire Hathaway HomeServices PenFed Realty
List Price
$1,234,900
Sold Price
$1,234,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.19%
Original Mortgage
$740,940
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 28, 1992
Bought by
Kline Andrew J and L W
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cho Jerome I | $1,150,000 | Brennan Ttl Co Natl Accounts | |
| Garcia Alexandre | $1,234,900 | First American Title Ins Co | |
| Kline Andrew J | $520,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cho Jerome I | $726,525 | |
| Closed | Cho Jerome I | $308,360 | |
| Previous Owner | Garcia Alexandre | $740,940 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/19/2019 08/19/19 | Sold | $1,150,000 | -2.5% | $249 / Sq Ft | |
| 07/11/2019 07/11/19 | Pending | -- | -- | -- | |
| 07/04/2019 07/04/19 | Price Changed | $1,179,000 | -1.7% | $255 / Sq Ft | |
| 05/03/2019 05/03/19 | For Sale | $1,199,000 | -2.9% | $260 / Sq Ft | |
| 05/31/2016 05/31/16 | Sold | $1,234,900 | 0.0% | $263 / Sq Ft | View Prior Sale |
| 03/25/2016 03/25/16 | Pending | -- | -- | -- | |
| 03/10/2016 03/10/16 | For Sale | $1,234,900 | -- | $263 / 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 | $15,159 | $1,340,300 | $420,600 | $919,700 |
| 2024 | $15,159 | $1,277,900 | $0 | $0 |
| 2023 | $13,732 | $1,215,500 | $0 | $0 |
| 2022 | $12,440 | $1,153,100 | $420,600 | $732,500 |
| 2021 | $12,379 | $1,153,100 | $420,600 | $732,500 |
| 2020 | $12,359 | $1,153,100 | $420,600 | $732,500 |
| 2019 | $13,010 | $1,213,800 | $420,600 | $793,200 |
| 2018 | $11,745 | $1,097,833 | $0 | $0 |
| 2017 | $9,568 | $981,867 | $0 | $0 |
| 2016 | -- | $865,900 | $0 | $0 |
| 2015 | $9,165 | $861,000 | $0 | $0 |
| 2014 | $9,165 | $856,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Wendy Banner
-
Jody Aucamp
Seller Co-Listing Agent in 2019
Jody Aucamp
Compass
(240) 778-8227
13 in this area
39 Total Sales
-
Daniel Kay
Buyer's Agent in 2019
Daniel Kay
C. H. Kay Realty, Inc.
(301) 875-7506
1 in this area
39 Total Sales
-
Lauren Kline
Seller's Agent in 2016
Lauren Kline
Compass
(301) 518-9005
1 in this area
25 Total Sales
-
Amy Musher
Buyer's Agent in 2016
Amy Musher
BHHS PenFed (actual)
(301) 254-2697
4 in this area
10 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC656524
APN: 10-02860792
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