NOT LISTED FOR SALE

10605 Democracy Ln Potomac, MD 20854

Estimated Value: $1,247,000 - $1,352,000

4 Beds
3.5 Baths
2,394 Sq Ft
$540/Sq Ft Est. Value

Last Sold January 14, 2013

Last sale price $775,000 $324 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $8,178/month

183 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Breakfast Area or Nook
  • Bells Mill Elementary School Rated A
  • No HOA
  • Wood Frame Window

About This Home

As of January 2013

If you were looking for a DIAMOND you have found it, in Inverness, well you have found it. A totally renovate and well kept 4 BRs and 3.5 BAs, with 2 car garage and a beautiful deck with a cozy back yard, perfect for entertaining, with stainless steel appliance and a finished basement with an in law suite. **PRICE REDUCED/ OPEN HOUSE ON 12/9/12 FR 1 TO 4 ***

Last Agent to Sell the Property

Ben Fazeli

Long & Foster Real Estate, Inc. License #622388 Listed on: 06/18/2012

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Karen Parnes

Keller Williams Capital Properties License #599417

Keller Williams Capital Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,567

Year Built

  • Built in 1971

Lot Details

  • 9,600 Sq Ft Lot
  • Property is zoned R90

Parking

  • Attached Garage

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • Paneling
  • 1 Fireplace
  • Wood Frame Window
  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Down Draft Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • No Home Owners Association
  • Inverness Forest Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 161000903264

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,567

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1971
  • Remarks Public: If you were looking for a DIAMOND you have found it, in Inverness, well you have found it. A totally renovate and well kept 4 BRs and 3.5 BAs, with 2 car garage and a beautiful deck with a cozy back yard, perfect for entertaining, with stainless steel appliance and a finished basement with an in law suite. **PRICE REDUCED/ OPEN HOUSE ON 12/9/12 FR 1 TO 4 ***
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Dining Area
  • Window Features: Wood Frame
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Paneled Walls
  • Entry Location: Center Hall
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Full
  • Living Area Units: Square Feet
  • Street Number Modifier: 10605

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Aluminum Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 213.76
  • 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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 262200.00
  • Land Assessed Value: 417800.00
  • Lot Size Acres: 0.22
  • Lot Size Area: 9600
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9600.00
  • Year Assessed: 2012
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13984454
  • Tax Annual Amount: 7567.06
  • Assessor Parcel Number: 161000903264
  • Tax Lot: 6
  • Tax Total Finished Sq Ft: 2410
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 01/14/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2012
Closed on
Jan 14, 2013
Sold by
Partovi Tavakolian Shirin and Naden Tavakolian
Bought by
Morariu Vlad Ion and Morariu Johanna Marie
Seller's Agent
Ben Fazeli
Long & Foster Real Estate, Inc.
Buyer's Agent
Karen Parnes
Keller Williams Capital Properties
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Current Estimated Value
$1,293,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$518,128
Avg. Annual Appreciation
3.80%
Original Mortgage
$620,000
Outstanding Balance
$438,271
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$794,074

Purchase Details

Closed on
Jul 30, 2009
Sold by
Tavakolian Nader
Bought by
Partovi Tavakolian Shirin and Nader Tavakolian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 2002
Sold by
Gould Eugene and Gould R L
Bought by
Tavakolian Nader and Tavakolian Shirin Partovi
Source: Public Records

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Range of Values:

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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
Morariu Vlad Ion $775,000 Title Forward
Partovi Tavakolian Shirin -- --
Tavakolian Nader $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morariu Vlad Ion $620,000
Previous Owner Tavakolian Nader $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2013 01/14/13 Sold $775,000 -3.0% $324 / Sq Ft
12/18/2012 12/18/12 Pending -- -- --
12/06/2012 12/06/12 Price Changed $799,000 0.0% $334 / Sq Ft
12/06/2012 12/06/12 For Sale $799,000 -3.6% $334 / Sq Ft
11/17/2012 11/17/12 Pending -- -- --
10/22/2012 10/22/12 Price Changed $829,000 -2.4% $346 / Sq Ft
09/14/2012 09/14/12 Price Changed $849,000 -3.4% $355 / Sq Ft
06/18/2012 06/18/12 For Sale $879,000 -- $367 / 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
2024 $11,682 $975,900 $0 $0
2023 $10,056 $896,400 $0 $0
2022 $6,584 $816,900 $417,800 $399,100
2021 $8,460 $797,633 $0 $0
2020 $8,225 $778,367 $0 $0
2019 $7,996 $759,100 $417,800 $341,300
2018 $7,876 $747,567 $0 $0
2017 $7,941 $736,033 $0 $0
2016 $7,567 $724,500 $0 $0
2015 $7,567 $709,667 $0 $0
2014 $7,567 $694,833 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ben Fazeli

    Seller's Agent in 2013

    Ben Fazeli

    Long & Foster

    (202) 253-2269

    3 in this area

    77 Total Sales

    Ben Fazeli
    Section Image
  • Karen Parnes

    Buyer's Agent in 2013

    Karen Parnes

    Keller Williams Capital Properties

    (301) 792-7003

    1 in this area

    52 Total Sales

    Karen Parnes
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004034820

Bright MLS

APN: 10-00903264

Maryland Montgomery County Potomac 20854

10605 Democracy Ln, Potomac, MD

This home is located at 10605 Democracy Ln, Potomac, MD 20854 since 18 June 2012 and is currently estimated at $1,293,128, approximately $540 per square foot. This property was built in 1971. 10605 Democracy Ln is a home located in Montgomery County with nearby schools including Bells Mill Elementary School, Cabin John Middle School, and Winston Churchill High School.

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