NOT LISTED FOR SALE

10500 Falls Rd Potomac, MD 20854

Estimated Value: $1,799,653 - $2,055,000

7 Beds
6.5 Baths
4,868 Sq Ft
$388/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $1,800,000 $370 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,010/month

Highlights

  • 2.19 Acre Lot
  • Colonial Architecture
  • No HOA
  • Morton Elementary School Rated A-
  • 3 Fireplaces
  • 2 Car Attached Garage

About This Home

As of July 2024

Welcome to 10500 Falls Rd, an extraordinary residence with a rich history and timeless elegance. This meticulously maintained estate, with roots dating back to the 1840s, offers a rare blend of historic charm and modern updates. A 1993-1994 renovation by Rixey, Rixey Architects beautifully preserves and enhances the home's original character, making it a truly unique property. The main floor boasts a grand entry hall with hardwood floors and a guest coat closet, while the front parlor/living room exude classic elegance with a paneled wood-burning fireplace and built-in features. The study, to the left of the entrance, featuring a wood-burning fireplace with a marble surround, offers a cozy retreat with an ensuite full bath. You will love the dining room, part of the original log home from the 1840s, that showcases beamed ceilings, exposed logs, and wide plank knotty pine floors and paneling. The 1994 renovated
kitchen, complete with a wood-burning fireplace, island, granite countertops, built-in book shelves and a wall of cabinets from floor to ceiling, provides a perfect blend of functionality and historic charm. Featuring plenty of light and views of the lush garden, this space offers a tranquil and inviting atmosphere. In the family room, you'll find hardwood floors, a cozy gas fireplace, and abundant natural light from skylights. It includes a wet bar with a mini fridge, numerous built-in bookcases, crown molding, and recessed lighting, creating an inviting space. Exterior access allows for seamless indoor-outdoor living. A mudroom, home gym/storage, and added powder room and access to the oversized 2-car garage offer versatile spaces for today’s living. On the upper levels, you'll find a primary suite with a hallway of built-in closets, bow windows, tray ceilings, and skylights, as well as 6 additional bedrooms and 5 baths, each with its own character and charm. The upper level also features a 500+ sq ft bedroom/office/recreation room with skylights and a staircase to the garage, offering flexibility and ample space for various needs.
Outside, the property features a pond, deck, flat private yard, and a long extended private tree lined driveway away from the main road, providing a serene and private setting for outdoor enjoyment. With numerous built-ins, hardwood floors, and skylights throughout, this estate seamlessly combines historic details with modern comforts. This 7-bedroom, 6.5-bathroom home spans an estimated 5600 square feet on 2 sprawling acres. As you explore the property, you'll discover a wealth of features, including Gas Heat, Central AC, 2 HVAC Systems PUBLIC WATER AND SEWER, and 4 Fireplaces (3 wood-burning and 1 gas) with a front and back staircase. Located blocks to Potomac Village and across from the Bullis School, this estate offers a rare opportunity to own this 2-acre property where you can add your personal touches or build your dream home. Situated just a few blocks from Potomac Village and directly across from the Bullis School, this estate presents a unique chance to acquire a 2-acre close-in Potomac property with PUBLIC WATER and SEWER. Whether you envision adding your personal touches to the existing residence or constructing your dream home, this opportunity is yours to seize.

Last Agent to Sell the Property

Christy Bakaly

(301) 412-8830 christy.bakaly@compass.com Compass License #605541 Listed on: 06/19/2024

Compass

Co-Listed By

Christine Koons-Byrne

(240) 672-6628 chris.byrne@compass.com Compass License #635529

Last Buyer's Agent

Kendall Splawn

(202) 674-4115 kendall@compass.com Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,301

Year Built

  • Built in 1900

Lot Details

  • 2.19 Acre Lot
  • Property is zoned RE2

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 4,868 Sq Ft Home
  • Property has 2 Levels
  • 3 Fireplaces
  • Crawl Space

Bedrooms and Bathrooms

Utilities

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

Community Details

  • No Home Owners Association
  • Potomac Outside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161001742915

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,301

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-06-20
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 4868
  • Living Area Sq Ft: 4868
  • Price Per Sq Ft: 410.85
  • Above Grade Finished Sq Ft: 4868
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 7
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 5
  • Upper Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Garage Features: Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: 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

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 2.19
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 95396.00
  • Zoning: RE2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 15301.00
  • Assessor Parcel Number: 161001742915
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Jul 17, 2024
Sold by
Edelstein Herbert A
Bought by
Gregory Scott Virgin Revocable Trust and Virgin
Seller's Agent
Christy Bakaly
Compass
Buyer's Agent
Kendall Splawn
Compass
List Price
$1,999,999
Sold Price
$1,800,000
Premium/Discount to List
-$199,999
-10%
Views
13
Current Estimated Value
$1,887,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,663
Avg. Annual Appreciation
3.20%
Original Mortgage
$1,080,000
Outstanding Balance
$1,064,827
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$822,836

Purchase Details

Closed on
Sep 13, 2021
Sold by
Edelstein Herbert A and Millenson Janet A
Bought by
Edelstein Herbert A and Millsenson Janet A

Purchase Details

Closed on
Oct 16, 1990
Bought by
Edelstein Herbert A
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
Gregory Scott Virgin Revocable Trust $1,800,000 Kvs Title
Gregory Scott Virgin Revocable Trust $1,800,000 Kvs Title
Edelstein Herbert A -- None Available
Edelstein Herbert A $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory Scott Virgin Revocable Trust $1,080,000
Closed Gregory Scott Virgin Revocable Trust $1,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Sold $1,800,000 -10.0% $370 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $1,999,999 -- $411 / 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 $14,848 $1,244,700 $889,100 $355,600
2024 $14,848 $1,227,167 -- --
2023 $15,301 $1,209,633 $0 $0
2022 $13,110 $1,192,100 $889,100 $303,000
2021 $13,005 $1,192,100 $889,100 $303,000
2020 $13,005 $1,192,100 $889,100 $303,000
2019 $12,979 $1,192,100 $889,100 $303,000
2018 $12,995 $1,192,100 $889,100 $303,000
2017 $13,236 $1,192,100 $0 $0
2016 -- $1,261,700 $0 $0
2015 $13,990 $1,261,700 $0 $0
2014 $13,990 $1,261,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2137204

Bright MLS

APN: 10-01742915