Seller's Agent in 2020
Joseph Olatunde Seriki
TTR Sotheby's International Realty
(202) 550-9523
32 Total Sales
11008 Picasso Ln Potomac, MD 20854
Estimated Value: $1,367,000 - $2,250,000
5
Beds
4.5
Baths
4,996
Sq Ft
$347/Sq Ft
Est. Value
Highlights
- Second Kitchen
- In Ground Pool
- Gourmet Kitchen
- Morton Elementary School Rated A-
- Sauna
- 1.28 Acre Lot
About This Home
As of January 2020A dramatic and striking contemporary home with two stories of wall-to-wall windows and decks overlooking an acre of beautiful woodlands. Designed in 2000 by notable Washington architects Schick Goldstein, this residence features breathtaking architectural woodwork by Ivan C. Dutterer displaying the most meticulous craftsmanship. Enjoy your urban oasis by relaxing poolside, tending to your plants in your private greenhouse, or entertaining in your gourmet kitchen. This five-bedroom, four-and-a-half bath residence provides a unique sense of both tranquility and comfort. Your at-home, mirrored gym with sauna creates a perfect environment to exercise. Experience life at its best. We cordially invite you to privately tour this contemporary masterpiece in one of Maryland's most esteemed neighborhoods. This is Potomac at is finest. Joseph Olatunde Seriki and Deven Lee are always happy to assist.
Last Agent to Sell the Property
(202) 550-9523 jseriki@ttrsir.com TTR Sotheby's International Realty Listed on: 06/13/2019
Last Buyer's Agent
(202) 550-9523 jseriki@ttrsir.com TTR Sotheby's International Realty Listed on: 06/13/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,372
Year Built
- Built in 2001
Lot Details
- 1.28
Parking
- 2 Car Attached Garage
- 6 Open Parking Spaces
- Front Facing Garage
Home Design
- Contemporary Architecture
- Wood Siding
- Stone Siding
- Cedar
Interior Spaces
- Property has 2 Levels
- Wet Bar
- Bar
- 2 Fireplaces
- Entrance Foyer
- Family Room Off Kitchen
- Living Room
- Dining Area
- Screened Porch
- Storage Room
- Sauna
- Home Gym
Kitchen
- Gourmet Kitchen
- Kitchenette
- Second Kitchen
- Breakfast Area or Nook
Bedrooms and Bathrooms
- En-Suite Bathroom
- Whirlpool Bathtub
Laundry
- Laundry Room
- Laundry on lower level
- Laundry Chute
Finished Basement
- Rear Basement Entry
- Water Proofing System
- Space For Rooms
- Basement Windows
Outdoor Features
- In Ground Pool
- Exterior Lighting
- Outdoor Grill
Schools
- Potomac Elementary School
- Herbert Hoover Middle School
- Winston Churchill High School
Utilities
- Central Air
- Heating System Uses Oil
- Septic Pump
Additional Features
- ENERGY STAR Qualified Equipment for Heating
- 1.28 Acre Lot
Community Details
- No Home Owners Association
- Potomac Outside Subdivision
Listing and Financial Details
- Assessor Parcel Number 161000861636
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2019
Closed on
Jan 15, 2020
Sold by
Gersten Christopher and Chavez Linda
Bought by
Soltanieh Farhad and Mansouri Samira
Seller's Agent
Joseph Olatunde Seriki
TTR Sotheby's International Realty
Buyer's Agent
Joseph Olatunde Seriki
TTR Sotheby's International Realty
List Price
$1,625,000
Sold Price
$1,425,000
Premium/Discount to List
-$200,000
-12.31%
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
$308,685
Avg. Annual Appreciation
3.39%
Original Mortgage
$1,140,000
Outstanding Balance
$1,009,943
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$723,742
Purchase Details
Listed on
Aug 17, 2017
Closed on
Jan 30, 2018
Sold by
Bakonyi Eva
Bought by
Gersten Christopher and Chavez Linda
Seller's Agent
Jennifer Wellde
Washington Fine Properties, LLC
Buyer's Agent
Margaret Ferris
Compass
List Price
$1,649,000
Sold Price
$1,580,000
Premium/Discount to List
-$69,000
-4.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.13%
Original Mortgage
$1,185,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 17, 2011
Sold by
Smith Bryan D and Smith Karen C
Bought by
Bakonyi Eva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,184,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 16, 2007
Sold by
Samuelson Melanie
Bought by
Mcgee Marc John and Mcgee Melanie Samuelson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 2, 2007
Sold by
Samuelson Melanie
Bought by
Mcgee Marc John and Mcgee Melanie Samuelson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.24%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 23, 1999
Sold by
Samuelson Melanie
Bought by
Samuelson Melanie
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 |
|---|---|---|---|
| Soltanieh Farhad | $1,425,000 | Kvs Title Llc | |
| Gersten Christopher | $1,580,000 | First American Title Ins Co | |
| Bakonyi Eva | $1,480,000 | First American Title Insuran | |
| Mcgee Marc John | -- | -- | |
| Mcgee Marc John | -- | -- | |
| Samuelson Melanie | -- | -- | |
| Samuelson Melanie | $275,000 | -- | |
| Samuelson Stephen D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Soltanieh Farhad | $1,140,000 | |
| Previous Owner | Gersten Christopher | $1,185,000 | |
| Previous Owner | Bakonyi Eva | $1,184,000 | |
| Previous Owner | Mcgee Marc John | $350,000 | |
| Previous Owner | Mcgee Marc John | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/15/2020 01/15/20 | Sold | $1,425,000 | -4.7% | $285 / Sq Ft | |
| 10/19/2019 10/19/19 | Pending | -- | -- | -- | |
| 09/26/2019 09/26/19 | Price Changed | $1,495,000 | -3.2% | $299 / Sq Ft | |
| 09/09/2019 09/09/19 | Price Changed | $1,545,000 | -3.1% | $309 / Sq Ft | |
| 07/11/2019 07/11/19 | Price Changed | $1,595,000 | -1.8% | $319 / Sq Ft | |
| 06/13/2019 06/13/19 | For Sale | $1,625,000 | +2.8% | $325 / Sq Ft | |
| 01/31/2018 01/31/18 | Sold | $1,580,000 | -0.9% | $571 / Sq Ft | View Prior Sale |
| 11/17/2017 11/17/17 | Pending | -- | -- | -- | |
| 09/21/2017 09/21/17 | Price Changed | $1,595,000 | -3.3% | $577 / Sq Ft | |
| 08/17/2017 08/17/17 | For Sale | $1,649,000 | 0.0% | $596 / Sq Ft | |
| 02/17/2013 02/17/13 | Rented | $6,300 | -7.4% | -- | |
| 02/17/2013 02/17/13 | Under Contract | -- | -- | -- | |
| 09/22/2012 09/22/12 | For Rent | $6,800 | +13.3% | -- | |
| 04/20/2012 04/20/12 | Rented | $6,000 | -11.8% | -- | |
| 04/19/2012 04/19/12 | Under Contract | -- | -- | -- | |
| 01/10/2012 01/10/12 | For Rent | $6,800 | -- | -- |
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 | $14,292 | $1,225,000 | $559,300 | $665,700 |
| 2024 | $14,292 | $1,173,667 | $0 | $0 |
| 2023 | $11,890 | $1,028,500 | $559,300 | $469,200 |
| 2022 | $11,833 | $1,071,000 | $559,300 | $511,700 |
| 2021 | $23,666 | $1,060,600 | $0 | $0 |
| 2020 | $11,499 | $1,050,200 | $0 | $0 |
| 2019 | $11,360 | $1,039,800 | $559,300 | $480,500 |
| 2018 | $11,373 | $1,039,800 | $559,300 | $480,500 |
| 2017 | $12,609 | $1,039,800 | $0 | $0 |
| 2016 | -- | $1,048,400 | $0 | $0 |
| 2015 | $10,885 | $1,048,400 | $0 | $0 |
| 2014 | $10,885 | $1,048,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Olatunde Seriki
-
D
Seller Co-Listing Agent in 2020
Deven Lee
Long & Foster
-
Jennifer Wellde
Seller's Agent in 2018
Jennifer Wellde
Washington Fine Properties, LLC
(301) 602-1596
2 in this area
99 Total Sales
-
Margaret Ferris
Buyer's Agent in 2018
Margaret Ferris
Compass
(202) 438-1524
1 in this area
103 Total Sales
-
Anne Killeen
Buyer's Agent in 2012
Anne Killeen
Washington Fine Properties
(301) 706-0067
77 in this area
159 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC664294
APN: 10-00861636
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