NOT LISTED FOR SALE

10513 Democracy Ln Potomac, MD 20854

Estimated Value: $1,727,000 - $1,876,000

5 Beds
4.5 Baths
5,828 Sq Ft
$310/Sq Ft Est. Value

Last Sold July 06, 2016

Last sale price $1,230,000 $211 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,692/month

56 Days on Market

Highlights

  • Colonial Architecture
  • Two Story Ceilings
  • Whirlpool Bathtub
  • Bells Mill Elementary School Rated A
  • Wood Flooring
  • 3 Fireplaces

About This Home

As of July 2016

Over 5,000 sq ft of charm and contemporary flair in a secluded enclave - the model home for the neighborhood and the largest house in it. Spacious, open, light and bright floor plan - perfect for entertaining. 2-story foyer, abundant windows, high ceilings, large updated kitchen - new Subzero. 3 fireplaces, deck and patio. Rec rm & wine cellar. Walk to schools. HOA in covenants but never set up.

Last Agent to Sell the Property

Thomas Williams

(240) 497-1700 thomasnwilliams46@gmail.com Long & Foster Real Estate, Inc. Listed on: 04/01/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Patrick Kilner

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,123

Year Built

  • Built in 1990

Lot Details

  • 0.37 Acre Lot
  • Property is zoned R90

Home Design

  • Colonial Architecture
  • Composition Roof
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Two Story Ceilings
  • 3 Fireplaces
  • Fireplace Mantel
  • Dining Area
  • Wood Flooring
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 4.5 Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Front Facing Garage

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
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Inverness Forest Subdivision

Listing and Financial Details

  • Tax Lot 208
  • Assessor Parcel Number 161002860655

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,123

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1990
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Cooktop, Washer, Oven - Wall, Water Heater
  • Interior Amenities: Dining Area, Kitchen - Eat-In, Breakfast Area, Kitchen - Table Space, Upgraded Countertops, Primary Bath(s), Whirlpool/Hottub, Wood Floors
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, 2 Story Ceilings
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 5828
  • Living Area Sq Ft: 5828
  • Price Per Sq Ft: 295.41
  • Above Grade Finished Sq Ft: 4228
  • Below Grade Finished Sq Ft: 1600
  • Total Below Grade Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Pool Private: No
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Garage
  • Garage Features: Garage - Front Entry

Utilities

  • Refuse: 213.75
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: BELLS MILL
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: CABIN JOHN

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 456300.00
  • Land Assessed Value: 448900.00
  • Lot Size Acres: 0.37
  • Lot Size Area: 15921
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15921.00
  • Property Attached Yn: No
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13992353
  • Tax Annual Amount: 10123.35
  • Assessor Parcel Number: 161002860655
  • Tax Lot: 208
  • Tax Year: 2014

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2025
Sold by
Percovich Jorge A and Percovich Lucia S
Bought by
Forge Investments Llc
Current Estimated Value
$1,806,246

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jul 6, 2016
Sold by
Amir Ghassemi Alireza and Alemi Behjat
Bought by
Percovich Jorge A and Percovich Lucia S
Seller's Agent
Thomas Williams
Long & Foster Real Estate, Inc.
Buyer's Agent
Patrick Kilner
Real Broker, LLC
List Price
$1,249,000
Sold Price
$1,230,000
Premium/Discount to List
-$19,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%
Original Mortgage
$984,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 1992
Bought by
Amir-Ghassemi Alireza and Behjat Alemi
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
Forge Investments Llc -- None Listed On Document
Percovich Jorge A $1,230,000 First Amer Title Ins Corp
Amir-Ghassemi Alireza $555,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Percovich Jorge A $984,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2016 07/06/16 Sold $1,230,000 -1.5% $211 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $1,249,000 -- $214 / 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 $15,750 $1,370,400 $448,900 $921,500
2024 $15,750 $1,305,533 -- --
2023 $15,658 $1,240,667 $0 $0
2022 $12,930 $1,175,800 $448,900 $726,900
2021 $12,825 $1,175,800 $448,900 $726,900
2020 $12,825 $1,175,800 $448,900 $726,900
2019 $13,377 $1,228,200 $448,900 $779,300
2018 $12,204 $1,120,533 $0 $0
2017 $11,220 $1,012,867 $0 $0
2016 -- $905,200 $0 $0
2015 $8,848 $887,100 $0 $0
2014 $8,848 $869,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002415811

Bright MLS

APN: 10-02860655

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