Seller's Agent in 2023
Kathi Kershaw
Long & Foster
(301) 613-1613
7 in this area
53 Total Sales
10629 Democracy Ln Potomac, MD 20854
Estimated Value: $1,122,000 - $1,207,000
4
Beds
3.5
Baths
2,761
Sq Ft
$422/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Recreation Room
- Space For Rooms
- Bells Mill Elementary School Rated A
- Solid Hardwood Flooring
- 1 Fireplace
About This Home
As of August 2023Welcome to 10629 Democracy Lane, located in the desirable Inverness Forest area of Potomac. This meticulously maintained 3-level colonial home offers an abundance of features, including an updated gourmet kitchen, opening onto the family room with wood burning fireplace, updated bathrooms, hardwood floors, a 2-car garage and a finished lower level with full bath, all of this making it the perfect place to call home.
Step inside and be captivated by the timeless charm and contemporary elegance this home exudes. The updated kitchen stands as the centerpiece, boasting modern appliances, granite countertops and eating area, and ample custom made cabinets. Whether you enjoy hosting gatherings or having intimate family dinners, this kitchen provides an ideal space to create culinary masterpieces.
The upper level features the primary bedroom suite with updated bathroom, 3 additional bedrooms and updated hall bathroom.
The lower level has a large recreation room, full bathroom, walk-in closet and plenty of storage.
Additional Information:
- The property is located in a peaceful neighborhood known for its tranquil surroundings and sense of community. There is a community pool and tennis courts (membership required).
- The backyard features a spacious patio, perfect for outdoor entertaining or simply enjoying the serene ambiance AND
- A state-of-the-art Golf Simulator shed, the perfect addition to your backyard! Designed to transform your experience of the game, this custom 12-foot by 16-foot shed is tailored to meet your golfing needs, providing endless entertainment and practice opportunities, allowing ample space for a comfortable and immersive golfing experience. The high-resolution projection screen provides an immersive and lifelike environment, creating the feeling of playing on a real golf course. With a vast library of virtual golf courses to choose from, you can experience the thrill of playing on iconic golf courses from around the world, right in the comfort of your backyard. (Electronics do not convey)
To schedule a tour of this stunning property or to inquire further about its remarkable features, please contact us today. Don't miss out on the opportunity to own this exceptional home in sought-after Potomac.
We look forward to answering any questions you may have and helping you make this house your new home.
Last Agent to Sell the Property
Long & Foster Real Estate, Inc. License #SP96736 Listed on: 06/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,481
Year Built
- Built in 1971
Lot Details
- 9,714 Sq Ft Lot
- Property is in excellent condition
- Property is zoned R90
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Screen For Fireplace
- Family Room
- Living Room
- Dining Room
- Recreation Room
- Storage Room
Kitchen
- Gas Oven or Range
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Solid Hardwood
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Dryer
- Washer
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Space For Rooms
Outdoor Features
- Outbuilding
Schools
- Bells Mill Elementary School
- Cabin John Middle School
- Winston Churchill High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Inverness Forest Subdivision
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 161000901868
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2023
Closed on
Aug 3, 2023
Sold by
Wheatley James G and Wheatley Kimberly Joy
Bought by
Werner Orrin Susan Ariel and Werner Maurice Orrin
Seller's Agent
Kathi Kershaw
Long & Foster Real Estate, Inc.
Buyer's Agent
Lida Rippe
Corcoran McEnearney
List Price
$1,050,000
Sold Price
$1,050,000
Views
104
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,226
Avg. Annual Appreciation
5.62%
Original Mortgage
$840,000
Outstanding Balance
$824,389
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$348,311
Purchase Details
Closed on
Aug 31, 1995
Sold by
Residential Funding Corp
Bought by
Wheatley James G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.61%
Purchase Details
Closed on
Oct 17, 1994
Sold by
Friedman Alvin E
Bought by
Residential Funding Corp
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Werner Orrin Susan Ariel | $1,050,000 | First American Title | |
| Wheatley James G | $267,500 | -- | |
| Residential Funding Corp | $372,875 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Werner Orrin Susan Ariel | $840,000 | |
| Previous Owner | Wheatley Kimberly J | $250,000 | |
| Previous Owner | Wheatley Kimberly J | $50,000 | |
| Previous Owner | Wheatley James G | $192,000 | |
| Previous Owner | Residential Funding Corp | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2023 08/03/23 | Sold | $1,050,000 | 0.0% | $380 / Sq Ft |
| 07/05/2023 07/05/23 | Pending | -- | -- | -- |
| 06/30/2023 06/30/23 | For Sale | $1,050,000 | -- | $380 / 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 | $10,312 | $856,933 | $0 | $0 |
| 2023 | $4,439 | $794,267 | $0 | $0 |
| 2022 | $5,897 | $731,600 | $418,700 | $312,900 |
| 2021 | $8,731 | $691,900 | $0 | $0 |
| 2020 | $6,833 | $652,200 | $0 | $0 |
| 2019 | $6,380 | $612,500 | $418,700 | $193,800 |
| 2018 | $17,432 | $607,700 | $0 | $0 |
| 2017 | $6,487 | $602,900 | $0 | $0 |
| 2016 | -- | $598,100 | $0 | $0 |
| 2015 | $6,236 | $598,100 | $0 | $0 |
| 2014 | $6,236 | $598,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Seller Co-Listing Agent in 2023
Beverly Graham
Long & Foster
(202) 714-8838
7 in this area
25 Total Sales
-
Buyer's Agent in 2023
Lida Rippe
Corcoran McEnearney
(949) 991-8898
1 in this area
24 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2097812
APN: 10-00901868
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