NOT LISTED FOR SALE

10501 Chapel Rd Potomac, MD 20854

Estimated Value: $5,752,262 - $7,127,000

8 Beds
15 Baths
23,727 Sq Ft
$272/Sq Ft Est. Value

Last Sold January 28, 2021

Last sale price $5,000,000 $211 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $39,640/month

Highlights

  • In Ground Pool
  • Gourmet Kitchen
  • 3.77 Acre Lot
  • Potomac Elementary School Rated A
  • Commercial Range
  • Curved or Spiral Staircase

About This Home

As of January 2021

Home sold off market

Last Agent to Sell the Property

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075 Listed on: 04/19/2021

Last Buyer's Agent

Wendy Banner

(301) 298-1001 Wendy@BannerTeam.com Compass License #0225162224

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,203

Year Built

  • Built in 2009

Lot Details

  • 3.77 Acre Lot
  • Property is Fully Fenced
  • Stone Retaining Walls
  • Landscaped
  • Extensive Hardscape
  • Corner Lot
  • Level Lot
  • Backs to Trees or Woods
  • Property is zoned RE2

Parking

  • 5 Car Attached Garage
  • Parking Storage or Cabinetry
  • Circular Driveway
  • Secure Parking

Home Design

  • Mediterranean Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Curved or Spiral Staircase
  • Built-In Features
  • Recessed Lighting
  • 5 Fireplaces
  • Wood Burning Fireplace
  • Marble Fireplace
  • Fireplace Mantel
  • Window Treatments
  • Family Room Off Kitchen
  • Wood Flooring
  • Natural lighting in basement

Kitchen

  • Gourmet Kitchen
  • Built-In Double Oven
  • Commercial Range
  • Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Security Gate
  • Exterior Cameras
  • Alarm System

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Patio
  • Terrace
  • Exterior Lighting

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Potomac Outside Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 161000860107

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,203

Year Built

Built in 2009

Lot Details

3.77 Acres

Parking

5

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Mediterranean
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Commercial Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Microwave, Oven - Double, Oven - Wall, Range Hood, Washer
  • Interior Amenities: Built-Ins, Curved Staircase, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Window Treatments, Wood Floors
  • Fireplace Features: Mantel(s), Marble, Wood
  • Fireplaces Count: 5
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 24905
  • Living Area Sq Ft: 23727
  • Price Per Sq Ft: 298.92
  • Above Grade Finished Sq Ft: 16727
  • Below Grade Finished Sq Ft: 7000
  • Below Grade Sq Ft: 1178
  • Total Below Grade Sq Ft: 8178
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 8
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 2
  • Total Bathrooms: 15
  • Full Bathrooms: 10
  • Half Bathrooms: 5
  • Main Level Bathrooms: 4.00
  • Upper Level Bathrooms: 6
  • Lower Levels Bathrooms: 5
  • Upper Level Bathrooms: 6.00
  • Lower Levels Bathrooms: 5.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 3
  • Lower Level Half Bathroom: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Stone Retaining Walls
  • Pool Features: Fenced, In Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 5.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Paved Driveway, Secure Parking
  • Garage Features: Additional Storage Area
  • Attached Garage Spaces: 5
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras, Electric Alarm, Security Gate
  • 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

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Additional Parcels: No
  • Fencing: Fully
  • Improvement Assessed Value: 6508200.00
  • Land Assessed Value: 1245800.00
  • Lot Features: Backs To Trees, Corner, Landscaping, Level
  • Lot Size Acres: 3.77
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 164221.00
  • Outdoor Living Structures: Patio(s), Terrace
  • Zoning: RE2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13980402
  • Tax Annual Amount: 87203.00
  • Assessor Parcel Number: 161000860107
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jan 28, 2021
Sold by
S R S Potomac Llc
Bought by
Singh Kuljeet and Singh Jessica
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Wendy Banner
Compass
List Price
$5,000,000
Sold Price
$5,000,000
Current Estimated Value
$6,445,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,445,087
Avg. Annual Appreciation
5.16%
Original Mortgage
$3,000,000
Outstanding Balance
$2,680,847
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$3,764,240

Purchase Details

Closed on
Sep 10, 2001
Sold by
Konstantopoulos G T G and Konstantopoulos D I
Bought by
Srs Potomac Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Singh Kuljeet $5,000,000 Paragon Title & Escrow Co
Srs Potomac Llc $1,151,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Kuljeet $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 For Sale $5,000,000 0.0% $211 / Sq Ft
01/28/2021 01/28/21 Sold $5,000,000 -- $211 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
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 $78,440 $7,246,800 $1,245,800 $6,001,000
2024 $78,440 $6,751,200 $0 $0
2023 $73,440 $6,255,600 $0 $0
2022 $63,516 $5,760,000 $1,245,800 $4,514,200
2021 $85,381 $5,760,000 $1,245,800 $4,514,200
2020 $172,176 $7,754,000 $1,245,800 $6,508,200
2019 $87,204 $7,860,500 $1,245,800 $6,614,700
2018 $86,835 $7,860,500 $1,245,800 $6,614,700
2017 $88,483 $7,860,500 $0 $0
2016 $92,404 $8,818,200 $0 $0
2015 $92,404 $11,588,033 $0 $0
2014 $92,404 $10,993,967 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC750450

Bright MLS

APN: 10-00860107

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