Seller's Agent in 2024
Alexandra Fielding
TTR Sotheby's International Realty
(202) 579-5313
1 in this area
52 Total Sales
11004 Picasso Ln Potomac, MD 20854
Estimated Value: $1,522,000 - $1,694,000
3
Beds
4.5
Baths
4,629
Sq Ft
$345/Sq Ft
Est. Value
Highlights
- Gourmet Kitchen
- View of Trees or Woods
- Deck
- Potomac Elementary School Rated A
- 1.57 Acre Lot
- Contemporary Architecture
About This Home
As of July 2024Welcome to 11004 Picasso Lane, an elevated contemporary home nestled on over 1.5 acres of beautifully landscaped grounds in the highly sought-after Potomac neighborhood.
This updated, luxury residence offers a private oasis, starting with a grand foyer that sets the tone for the rest of the property. Step into the breathtaking living room, featuring soaring ceilings, skylights, and expansive glass doors that open onto a spacious wraparound deck, seamlessly blending indoor and outdoor living. The kitchen, renovated in 2007, boasts stainless steel appliances, ample cabinet storage, and a cozy breakfast nook, perfect for enjoying morning coffee. Adjacent is a charming sitting room with a dual fireplace shared with the family room, creating an inviting ambiance throughout. Entertain guests in the formal dining room adorned with exposed beam detail, or retreat to the office/library, complete with built-in bookshelves, ideal for remote work or quiet reading. Convenience meets functionality with a powder room, walk-in coat closet, and direct access to the 2-car garage, which includes a sizable storage room for seasonal items or decorations. Upstairs, the primary bedroom suite awaits, featuring an updated bathroom from 2007 with a separate shower and soaking tub, double vanities, and a second washer/dryer. A generous walk-in closet provides ample storage, while two additional bedrooms and full baths offer comfort and versatility. The fully finished lower level extends the living space, boasting a versatile rec room, exercise area, wet bar, full bath, laundry room, and additional closet space, perfect for accommodating guests or hobbies. Outside, the partially fenced backyard offers endless opportunities for outdoor enjoyment, whether it's hosting gatherings, playing games, or unwinding in the gazebo or on one of the upper or lower decks. The front yard features a freshly paved driveway with parking for six or more cars in addition to the 2-car garage, ensuring ample space for family and guests.
Conveniently located near Potomac Village, the C&O Canal, and easily accessible to major roadways, 11004 Picasso Lane presents a rare opportunity to embrace luxury living in a tranquil setting while being just moments away from all the amenities the area has to offer.
Last Agent to Sell the Property
TTR Sotheby's International Realty Listed on: 05/16/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,778
Year Built
- Built in 1977
Lot Details
- 1.57 Acre Lot
- Partially Fenced Property
- Private Lot
- Wooded Lot
- Backs to Trees or Woods
- Property is in very good condition
- Property is zoned R200
Parking
- 2 Car Direct Access Garage
- 3 Driveway Spaces
- Front Facing Garage
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Shake Roof
Interior Spaces
- Property has 3 Levels
- Wet Bar
- Sound System
- Beamed Ceilings
- Ceiling Fan
- Skylights
- 2 Fireplaces
- Double Sided Fireplace
- Gas Fireplace
- Window Treatments
- Sliding Doors
- Family Room
- Living Room
- Formal Dining Room
- Den
- Recreation Room
- Bonus Room
- Home Gym
- Wood Flooring
- Views of Woods
Kitchen
- Gourmet Kitchen
- Built-In Oven
- Gas Oven or Range
- Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Laundry on lower level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Rear Basement Entry
Outdoor Features
- Deck
- Screened Patio
- Gazebo
Schools
- Potomac Elementary School
- Herbert Hoover Middle School
- Winston Churchill High School
Utilities
- Central Air
- Heat Pump System
- Propane
- Well
- Electric Water Heater
- Septic Equal To The Number Of Bedrooms
- Septic Tank
Community Details
- No Home Owners Association
- Potomac Outside Subdivision
Listing and Financial Details
- Tax Lot 19
- Assessor Parcel Number 161000858822
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2024
Closed on
Jul 10, 2024
Sold by
Earnest James M
Bought by
Shopsin Matthew Falk and Shopsin Jennifer Gayle
Seller's Agent
Alexandra Fielding
TTR Sotheby's International Realty
Buyer's Agent
Gitika Kaul
Compass
List Price
$1,599,000
Sold Price
$1,500,000
Premium/Discount to List
-$99,000
-6.19%
Views
57
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
$96,276
Avg. Annual Appreciation
7.35%
Original Mortgage
$900,000
Outstanding Balance
$890,048
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$735,108
Purchase Details
Closed on
Sep 27, 2007
Sold by
Mensh Donald H and Mensh G I
Bought by
Earnest James M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 28, 2007
Sold by
Mensh Donald H and Mensh G I
Bought by
Earnest James M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Shopsin Matthew Falk | $1,500,000 | First American Title | |
| Earnest James M | $1,165,000 | -- | |
| Earnest James M | $1,165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shopsin Matthew Falk | $900,000 | |
| Previous Owner | Earnest James M | $700,000 | |
| Previous Owner | Earnest James M | $700,000 | |
| Previous Owner | Mensh Donald H | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2024 07/10/24 | Sold | $1,500,000 | -6.2% | $324 / Sq Ft |
| 06/16/2024 06/16/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | For Sale | $1,599,000 | -- | $345 / 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 |
|---|---|---|---|---|
| 2025 | $14,327 | $1,194,500 | $591,700 | $602,800 |
| 2024 | $14,327 | $1,176,767 | $0 | $0 |
| 2023 | $14,778 | $1,159,033 | $0 | $0 |
| 2022 | $12,609 | $1,141,300 | $591,700 | $549,600 |
| 2021 | $1 | $1,122,333 | $0 | $0 |
| 2020 | $23,703 | $1,103,367 | $0 | $0 |
| 2019 | $11,852 | $1,084,400 | $591,700 | $492,700 |
| 2018 | $11,916 | $1,078,700 | $0 | $0 |
| 2017 | $11,956 | $1,073,000 | $0 | $0 |
| 2016 | -- | $1,067,300 | $0 | $0 |
| 2015 | $10,017 | $1,035,067 | $0 | $0 |
| 2014 | $10,017 | $1,002,833 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alexandra Fielding
-
Gitika Kaul
Buyer's Agent in 2024
Gitika Kaul
Compass
(202) 810-3395
11 in this area
117 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2132092
APN: 10-00858822
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