NOT LISTED FOR SALE

10901 Picasso Ln Potomac, MD 20854

Estimated Value: $1,612,000 - $1,961,000

6 Beds
3.5 Baths
5,249 Sq Ft
$339/Sq Ft Est. Value

Last Sold November 16, 2020

Last sale price $1,355,000 $258 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $11,303/month

7 Days on Market

Highlights

  • Heated Pool
  • Sauna
  • Scenic Views
  • Potomac Elementary School Rated A
  • Gourmet Kitchen
  • 1.57 Acre Lot

About This Home

As of November 2020

Open Sunday, 9/20th. 1:00 -4:00 P.M. Tranquility and serenity abound in this timeless contemporary on a glorious private 1 & 1/2 acre cul-de-sac lot including a spectacular heated pool, custom wrap around deck, flagstone patio, front entry courtyard and plenty of exterior entertaining space. This meticulously maintained home features sophisticated renovations with floor to ceiling windows with spectacular nature views, hardwood floors, skylights, expansive rooms for entertaining, a zen- inspired owner's suite and a fully finished walkout lower level with gracious entertaining space including a wet-bar, exercise room & sauna. Conveniently located with easy access to great falls park, trails, shopping, restaurants, two major airports and dc.

Last Agent to Sell the Property

Margie Halem

Compass Listed on: 09/17/2020

Compass

Co-Listed By

Harrison Halem

Compass

Last Buyer's Agent

Yuanreng Hu

Nitro Realty

Nitro Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,250

Year Built

  • Built in 1972

Lot Details

  • 1.57 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Landscaped
  • Private Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Property is in excellent condition
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Contemporary Architecture
  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Gas Fireplace
  • Casement Windows
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Sauna
  • Home Gym
  • Wood Flooring
  • Attic

Kitchen

  • Gourmet Kitchen
  • Built-In Self-Cleaning Double Oven
  • Down Draft Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Basement Windows

Pool

  • Heated Pool
  • Poolside Lot

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Heating System Powered By Owned Propane
  • Well
  • Propane Water Heater
  • Septic Tank
  • Community Sewer or Septic

Additional Features

  • Level Entry For Accessibility
  • Property is near a park

Community Details

  • No Home Owners Association
  • Potomac Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 161000858070

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,250

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler, Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Open Sunday, 9/20th. 1:00 -4:00 P.M. Tranquility and serenity abound in this timeless contemporary on a glorious private 1 & 1/2 acre cul-de-sac lot including a spectacular heated pool, custom wrap around deck, flagstone patio, front entry courtyard and plenty of exterior entertaining space. This meticulously maintained home features sophisticated renovations with floor to ceiling windows with spectacular nature views, hardwood floors, skylights, expansive rooms for entertaining, a zen- inspired owner's suite and a fully finished walkout lower level with gracious entertaining space including a wet-bar, exercise room & sauna. Conveniently located with easy access to great falls park, trails, shopping, restaurants, two major airports and dc.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven - Double, Oven - Wall, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring Type: Hardwood
  • Interior Amenities: Built-Ins, Attic, Ceiling Fan(s), Family Room Off Kitchen, Entry Level Bedroom, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Island, Kitchen - Gourmet, Sauna
  • Window Features: Casement, Skylights
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Door Features: Sliding Glass, French
  • Wall Ceiling Types: Vaulted Ceilings
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Breakfast Room, Exercise Room, Laundry, Recreation Room, Storage Room, Bedroom 6, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Interior Access, Outside Entrance, Walkout Level, Windows
  • Laundry Type: Lower Floor
  • Total Sq Ft: 6813
  • Living Area Sq Ft: 5249
  • Price Per Sq Ft: 460.64
  • Above Grade Finished Sq Ft: 2985
  • Below Grade Finished Sq Ft: 2264
  • Below Grade Sq Ft: 1564
  • Total Below Grade Sq Ft: 3828
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10901

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 3
  • Lower Level Bedroom: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Pool Features: Heated
  • View: Scenic Vista, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil, Propane - Owned
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Propane
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • 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: POTOMAC
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Fully
  • Improvement Assessed Value: 466200.00
  • Land Assessed Value: 591600.00
  • Land Use Code: 011
  • Lot Features: Backs To Trees, Landscaping, Poolside, Private, Backs - Parkland, Cul-De-Sac, Trees/Wooded
  • Lot Size Acres: 1.57
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 68252.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13980282
  • Tax Annual Amount: 12250.00
  • Assessor Parcel Number: 161000858070
  • Tax Lot: 12
  • Tax Total Finished Sq Ft: 3685
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/16/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 16, 2020
Sold by
Hoffman Richard S and Levy Deborah M
Bought by
Yao Jiaqin and Jin Na
Seller's Agent
Margie Halem
Compass
Buyer's Agent
Yuanreng Hu
Nitro Realty
List Price
$1,375,000
Sold Price
$1,355,000
Premium/Discount to List
-$20,000
-1.45%
Total Days on Market
7
Current Estimated Value
$1,780,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,013
Avg. Annual Appreciation
6.14%
Original Mortgage
$765,600
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2002
Sold by
Picasso Lane L L C
Bought by
Hoffman Richard S and Levy Deborah M

Purchase Details

Closed on
Aug 17, 2000
Sold by
Mehlhorn Klaus O and Mehlhorn M K
Bought by
Picasso Lane L L C

Purchase Details

Closed on
Jun 14, 2000
Sold by
Mehlhorn Klaus O Et Al Tr
Bought by
Mehlhorn Klaus O and Mehlhorn M K
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
Yao Jiaqin $1,355,000 Mta Title & Escrow Llc
Hoffman Richard S $980,000 --
Picasso Lane L L C $659,000 --
Mehlhorn Klaus O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin Na $500,000
Closed Jin Na $548,000
Closed Yao Jiaqin $765,600
Previous Owner Hoffman Richard S $292,000
Previous Owner Hoffman Richard $332,500
Previous Owner Hoffman Richard S $354,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2020 11/16/20 Sold $1,355,000 -1.5% $258 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $1,375,000 -- $262 / 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 $16,311 $1,349,067 $0 $0
2023 $14,067 $1,227,933 $0 $0
2022 $12,228 $1,106,800 $591,600 $515,200
2021 $11,976 $1,090,467 $0 $0
2020 $7,538 $1,074,133 $0 $0
2019 $11,558 $1,057,800 $591,600 $466,200
2018 $11,304 $1,033,567 $0 $0
2017 $11,189 $1,009,333 $0 $0
2016 $9,854 $985,100 $0 $0
2015 $9,854 $975,167 $0 $0
2014 $9,854 $965,233 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC725974

Bright MLS

APN: 10-00858070