NOT LISTED FOR SALE

10617 Red Barn Ln Potomac, MD 20854

Estimated Value: $1,544,000 - $1,795,000

4 Beds
5 Baths
4,393 Sq Ft
$373/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $1,145,000 $261 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,021/month

Highlights

  • Barn or Stable
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Wayside Elementary School Rated A
  • Dual Staircase
  • Wood Flooring

About This Home

As of October 2017

Exceptionally rare opportunity! 3 finished levels of classic elegance on extraordinary grounds amongst multimillion dollar homes. Modern upgrades & timeless finishes throughout spacious living areas. Sun-filled updated kitchen, library and 4 fireplaces. Multiple decks and patios offer stunning pastoral views of 2+ acres. Fully equipped 2-level barn with potential art studio, riding ring & more.

Last Agent to Sell the Property

Nurit Coombe

(202) 318-3428 nurit@teamnurit.com The Agency DC License #533175 Listed on: 05/15/2017

The Agency DC

Last Buyer's Agent

Michelle Milton

(301) 526-9857 michelle.milton@theagencyre.com The Agency DC License #604846

The Agency DC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,996

Year Built

  • Built in 1957 | Remodeled in 1991

Lot Details

  • 2 Acre Lot
  • Property is zoned RE2

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Wood Siding
  • Stone Siding

Interior Spaces

  • Property has 3 Levels
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • 4 Fireplaces
  • Window Treatments
  • Dining Area
  • Wood Flooring
  • Finished Basement
  • Rear Basement Entry

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Horse Facilities and Amenities

  • Barn or Stable

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Potomac Outside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161002561224

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,996

Year Built

Built in 1957 | Remodeled in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2017-05-16
  • Year Built: 1957
  • Year Renovated: 1991
  • Remarks Public: Exceptionally rare opportunity! 3 finished levels of classic elegance on extraordinary grounds amongst multimillion dollar homes. Modern upgrades & timeless finishes throughout spacious living areas. Sun-filled updated kitchen, library and 4 fireplaces. Multiple decks and patios offer stunning pastoral views of 2+ acres. Fully equipped 2-level barn with potential art studio, riding ring & more.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Icemaker, Microwave, Washer, Oven/Range - Electric
  • Interior Amenities: Kitchen - Gourmet, Kitchen - Eat-In, Dining Area, Built-Ins, Chair Railings, Upgraded Countertops, Crown Moldings, Window Treatments, Primary Bath(s), Double/Dual Staircase, Wainscotting, Wet/Dry Bar, Wood Floors
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 4393
  • Living Area Sq Ft: 4393
  • Price Per Sq Ft: 423.21
  • Above Grade Finished Sq Ft: 2800
  • Below Grade Finished Sq Ft: 1593
  • Total Below Grade Sq Ft: 1593
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10617

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Barn/Stable, Below Grade
  • Other Structures List: Barn/Stable
  • Construction Materials: Stone, Wood Siding
  • Pool Private: No
  • 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
  • Parking Features: Garage
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: WAYSIDE
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • School District Key: 121138126809
  • Elementary School: WAYSIDE
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Improvement Assessed Value: 598800.00
  • Land Assessed Value: 572000.00
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Property Attached Yn: No
  • Year Assessed: 2017
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13991143
  • Tax Annual Amount: 12996.41
  • Assessor Parcel Number: 161002561224
  • Tax Total Finished Sq Ft: 2800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 10/02/2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Oct 2, 2017
Sold by
Rakitt Steven and Rakitt Karen
Bought by
Schanuel David C and Schanuel Kathryn S
Seller's Agent
Nurit Coombe
The Agency DC
Buyer's Agent
Michelle Milton
The Agency DC
List Price
$1,185,000
Sold Price
$1,145,000
Premium/Discount to List
-$40,000
-3.38%
Current Estimated Value
$1,638,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,502
Avg. Annual Appreciation
4.55%
Original Mortgage
$36,150
Outstanding Balance
$30,195
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$1,608,307

Purchase Details

Closed on
Jan 2, 2013
Sold by
Rakitt Steven and Rakitt Karen
Bought by
Rakitt Steven and Rakitt Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2011
Sold by
Mcdonald Donogh and Mcdonald Margaret
Bought by
Rakitt Steven and Rakitt Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2002
Sold by
Hobbs Carl D and Hobbs Q D
Bought by
Mcdonald Donogh and Mcdonald Margaret
Source: Public Records

Range of Values:

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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
Schanuel David C $1,145,000 None Available
Rakitt Steven -- None Available
Rakitt Steven $1,085,000 None Available
Mcdonald Donogh $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schanuel David C $36,150
Open Schanuel David C $250,000
Closed Schanuel David C $200,000
Previous Owner Rakitt Steven $870,000
Previous Owner Rakitt Steven $719,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2017 10/02/17 Sold $1,145,000 -3.4% $261 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $1,185,000 -- $270 / 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 $16,324 $1,315,700 $572,000 $743,700
2024 $16,324 $1,270,333 $0 $0
2023 $15,073 $1,224,967 $0 $0
2022 $13,951 $1,179,600 $572,000 $607,600
2021 $6,921 $1,176,667 $0 $0
2020 $13,842 $1,173,733 $0 $0
2019 $12,804 $1,170,800 $572,000 $598,800
2018 $12,493 $1,141,233 $0 $0
2017 $12,391 $1,111,667 $0 $0
2016 -- $1,082,100 $0 $0
2015 $11,272 $1,082,100 $0 $0
2014 $11,272 $1,082,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000192907

Bright MLS

APN: 10-02561224