10513 Democracy Ln Potomac, MD 20854
5
Beds
4.5
Baths
5,828
Sq Ft
0.37
Acres
Highlights
- Colonial Architecture
- Two Story Ceilings
- Whirlpool Bathtub
- Bells Mill Elementary School Rated A
- Wood Flooring
- 3 Fireplaces
About This Home
As of July 2016Over 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
Long & Foster Real Estate, Inc. Listed on: 04/01/2016
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
- Electric Water Heater
Community Details
- No Home Owners Association
- Inverness Forest Subdivision
Listing and Financial Details
- Tax Lot 208
- Assessor Parcel Number 161002860655
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
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
4.50%
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | $1,230,000 | First Amer Title Ins Corp | |
| Deed | $555,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $903,000 | New Conventional | |
| Previous Owner | $984,000 | New Conventional | |
| Previous Owner | $1,056,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $66,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $1,879,999 | +52.8% | $346 / 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 Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $15,750 | $1,305,533 | $0 | $0 |
| 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
-
Seller's Agent in 2025
John Kirk
Real Broker, LLC
(240) 678-2533
4 in this area
245 Total Sales
-
Seller Co-Listing Agent in 2025
Stacey Kuzma
Real Broker, LLC
(301) 785-1152
1 in this area
24 Total Sales
-
T
Seller's Agent in 2016
Thomas Williams
Long & Foster
-
Buyer's Agent in 2016
Patrick Kilner
Real Broker, LLC
(301) 652-0643
1 in this area
16 Total Sales
Map
Source: Bright MLS
MLS Number: 1002415811
APN: 10-02860655
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