NOT LISTED FOR SALE

11000 Picasso Ln Potomac, MD 20854

Estimated Value: $1,578,000 - $1,804,000

6 Beds
3 Baths
3,959 Sq Ft
$420/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $1,567,000 $396 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,076/month

6 Days on Market

Highlights

  • Private Pool
  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Potomac Elementary School Rated A
  • 1.44 Acre Lot
  • Deck

About This Home

As of March 2024

Offer Deadline 2/8 3PM! Welcome to 11000 Picasso Lane! Discover a sanctuary of luxury living at this magnificent 6-bedroom, 3-full bath mission-style retreat on over 1.5 acres. Nestled in privacy, this home boasts an array of features that define elegance and comfort. Six bedrooms provide ample space for family and guests. Enjoy the in-ground pool and stone patio, perfect for entertaining or peaceful relaxation. Accommodate up to 7 vehicles in the expansive garage, including 3 spaces in the main house and 4 in the detached garage equipped with heating and cooling – a car collector's dream! Fully fenced-in property ensures added security and peace of mind. Close proximity to the C&O Canal, Potomac River, and major transportation routes.Currently zoned for the prestigious Winston Churchill High School.Discover charm in the wrap-around decks and a catering kitchen, adding character to this exceptional residence. Situated in a superb location, residents will appreciate the convenience of nearby natural attractions, waterways, and easy access to major transportation routes.This residence is an embodiment of luxury living, combining functionality with distinctive features that make it a true gem in Potomac, Maryland. Schedule your private tour today and envision the lifestyle that awaits at 11000 Picasso Lane.

Last Agent to Sell the Property

Charles Gilroy

REMAX Platinum Realty Listed on: 02/01/2024

REMAX Platinum Realty

Last Buyer's Agent

Lupe Rohrer

Redfin Corp

Redfin Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,153

Year Built

  • Built in 1969

Lot Details

  • 1.44 Acre Lot
  • Property is in good condition
  • Property is zoned R200

Parking

  • 7 Garage Spaces | 3 Direct Access and 4 Detached

Home Design

  • Contemporary Architecture
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • 3 Fireplaces
  • Double Sided Fireplace
  • Entrance Foyer
  • Family Room Off Kitchen
  • Dining Room
  • Recreation Room
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

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

Finished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Outdoor Features

  • Private Pool
  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Potomac Outside Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 161000849064

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,153

Year Built

Built in 1969

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2024-02-01
  • Year Built: 1969
  • Automatically Close On Close Date: No
  • Remarks Public: Offer Deadline 2/8 3PM! Welcome to 11000 Picasso Lane! Discover a sanctuary of luxury living at this magnificent 6-bedroom, 3-full bath mission-style retreat on over 1.5 acres. Nestled in privacy, this home boasts an array of features that define elegance and comfort. Six bedrooms provide ample space for family and guests. Enjoy the in-ground pool and stone patio, perfect for entertaining or peaceful relaxation. Accommodate up to 7 vehicles in the expansive garage, including 3 spaces in the main house and 4 in the detached garage equipped with heating and cooling – a car collector's dream! Fully fenced-in property ensures added security and peace of mind. Close proximity to the C&O Canal, Potomac River, and major transportation routes.Currently zoned for the prestigious Winston Churchill High School.Discover charm in the wrap-around decks and a catering kitchen, adding character to this exceptional residence. Situated in a superb location, residents will appreciate the convenience of nearby natural attractions, waterways, and easy access to major transportation routes.This residence is an embodiment of luxury living, combining functionality with distinctive features that make it a true gem in Potomac, Maryland. Schedule your private tour today and envision the lifestyle that awaits at 11000 Picasso Lane.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Stove, Oven - Wall, Microwave, Refrigerator, Disposal, Dishwasher, Dryer, Washer
  • Interior Amenities: Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Kitchen - Gourmet, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Wood Floors, Combination Dining/Living
  • Fireplace Features: Double Sided
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 2
  • Room List: Dining Room, Kitchen, Family Room, Foyer, Laundry, Recreation Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Fully Finished
  • Laundry Type: Lower Floor
  • Total Sq Ft: 4586
  • Living Area Sq Ft: 3959
  • Price Per Sq Ft: 654.12
  • Above Grade Finished Sq Ft: 2293
  • Below Grade Finished Sq Ft: 1666
  • Below Grade Sq Ft: 627
  • Total Below Grade Sq Ft: 2293
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11000

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 4
  • Lower Level Bedroom: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 7.00
  • Garage: Yes
  • Garage Features: Inside Access
  • Attached Garage Spaces: 3
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage, Detached Garage

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • 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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 1.44
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 62853.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12153.00
  • Assessor Parcel Number: 161000849064
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 3959
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/08/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 8, 2024
Sold by
Greenberg Robert and Greenberg Karen Joy
Bought by
Hong Mary and Chen Michael
Seller's Agent
Charles Gilroy
REMAX Platinum Realty
Buyer's Agent
Lupe Rohrer
Redfin Corp
List Price
$1,499,900
Sold Price
$1,567,000
Premium/Discount to List
$67,100
4.47%
Views
240
Current Estimated Value
$1,662,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,692
Avg. Annual Appreciation
4.36%
Original Mortgage
$1,175,250
Outstanding Balance
$1,156,874
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$511,563

Purchase Details

Closed on
Oct 11, 2000
Sold by
Taylor Carol L
Bought by
Greenberg Robert D and Greenberg J K
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hong Mary $1,567,000 Old Republic National Title
Greenberg Robert D $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hong Mary $1,175,250
Previous Owner Greenberg Robert D $535,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $1,567,000 +4.5% $396 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $1,499,900 -- $379 / 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 $12,192 $991,300 $584,600 $406,700
2024 $12,192 $991,300 $584,600 $406,700
2023 $11,461 $991,300 $584,600 $406,700
2022 $12,383 $1,120,800 $584,600 $536,200
2021 $12,050 $1,110,467 $0 $0
2020 $12,050 $1,100,133 $0 $0
2019 $11,911 $1,089,800 $584,600 $505,200
2018 $11,925 $1,089,800 $584,600 $505,200
2017 $12,145 $1,089,800 $0 $0
2016 -- $1,098,000 $0 $0
2015 $10,932 $1,084,000 $0 $0
2014 $10,932 $1,070,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2117902

Bright MLS

APN: 10-00849064