NOT LISTED FOR SALE

11001 Picasso Ln Potomac, MD 20854

Estimated Value: $817,000 - $911,000

1.13 Acres
$755,275 Price per Acre
49,223 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $701,500

Est. 22% increase in value since last sale

Current estimated payment $5,195/month

8 Days on Market

Highlights

  • 1.13 Acre Lot
  • Private Lot
  • No HOA
  • Potomac Elementary School Rated A
  • Wooded Lot

About This Lot

As of May 2021

Build your dream home on this stunning and private 1.13 acre (49,424 sqft) wooded lot. Located on a quiet street towards the end of the cul-de-sac. Picasso lane is off of Macarthur Blvd and provides easy access to Potomac Village, Virginia and DC and is in the Churchill School Cluster. Perc approved septic for a 6 bedroom home.

Last Agent to Sell the Property

Kevin Conley

Compass Listed on: 03/04/2021

Compass

Last Buyer's Agent

VJ Derbarghamian

Compass License #0225223795

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,255

Lot Details

  • 1.13 Acre Lot
  • Private Lot
  • Wooded Lot
  • Property is zoned R200

Schools

  • Potomac Elementary School
  • Winston Churchill High School

Utilities

  • Well
  • Perc Approved Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 161000865394

Property Details

Property Type

Land

Est. Annual Taxes

$6,255

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Build your dream home on this stunning and private 1.13 acre (49,424 sqft) wooded lot. Located on a quiet street towards the end of the cul-de-sac. Picasso lane is off of Macarthur Blvd and provides easy access to Potomac Village, Virginia and DC and is in the Churchill School Cluster. Perc approved septic for a 6 bedroom home.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 13.66
  • Street Number Modifier: 11001

Beds/Baths

  • Bedrooms Perc Count: 6

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Perc Approved Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL

Lot Info

  • Wooded Acres: 1.13
  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 011
  • Lot Count: 1
  • Lot Features: Private, Trees/Wooded
  • Lot Size Acres: 1.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 49424.00
  • Perc Type: Approved
  • Year Assessed: 2021
  • Zoning: R200
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13980812
  • Tax Annual Amount: 6255.00
  • Assessor Parcel Number: 161000865394
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/21/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
May 21, 2021
Sold by
Bays Tracy Wolfe and Bays Ann Kirschner
Bought by
Nayak Sukumar and Purohit Rajashree
Seller's Agent
Kevin Conley
Compass
Buyer's Agent
VJ Derbarghamian
Compass
List Price
$675,000
Sold Price
$701,500
Premium/Discount to List
$26,500
3.93%
Current Estimated Value
$853,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,961
Avg. Annual Appreciation
4.70%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nayak Sukumar $701,500 Harvest Title & Escrow Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $701,500 +3.9% --
03/12/2021 03/12/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $675,000 -- --
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 $6,531 $567,300 $567,300 --
2024 $6,531 $567,300 $567,300 $0
2023 $6,536 $567,300 $567,300 $0
2022 $6,260 $567,300 $567,300 $0
2021 $3,127 $567,300 $567,300 $0
2020 $6,258 $567,300 $567,300 $0
2019 $6,256 $567,300 $567,300 $0
2018 $6,267 $567,300 $567,300 $0
2017 $6,525 $567,300 $0 $0
2016 $6,076 $567,300 $0 $0
2015 $6,076 $567,300 $0 $0
2014 $6,076 $567,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC746412

Bright MLS

APN: 10-00865394