Seller's Agent in 2024
Peter Sarro
Compass
(703) 625-3028
1 in this area
52 Total Sales
1101 Fallsmead Way Potomac, MD 20854
West Rockville NeighborhoodEstimated Value: $1,185,522 - $1,223,000
5
Beds
2.5
Baths
3,776
Sq Ft
$320/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Lake Privileges
- Recreation Room
- 0.25 Acre Lot
- Colonial Architecture
- Traditional Floor Plan
About This Home
As of August 2024WELCOME TO 1101 FALLSMEAD WAY! STUNNING & TURN KEY READY!! Perfectly sited on a large corner lot in the highly sought-after community of Fallsmead, this outstanding 5-bedroom, 2.5-bath, 3-level colonial boasts solid workmanship, countless upgrades and many fine finishes - 3700+ square feet of living space! A welcoming entrance foyer leads to an elegant living room with floor to ceiling windows and picturesque neighborhood views. This leads to a handsome dining room, perfect for formal entertaining. The open-style updated table-space kitchen has cabinets and granite counters on 2-sides, plus stainless appliances. The kitchen also opens to two additional living spaces; a fabulous family room with a fireplace and backyard views, and a lovely sunroom addition with walls of windows and rear yard access. A half-bath and private office, are located off the main entrance hall of the residence. Level two highlights an extra-spacious primary bedroom suite, including two walk-in closets, a dressing room, and an en-suite updated full bath. Four additional generously sized bedrooms, plus full bath #2, are also on this level. Gorgeous, recently refinished hardwood floors, grace both level 1 and level 2. The fully finished lower-level provides added living spaces with a large well-designed recreation room, which connects to a separate utility/work/storage area. A substantial attached 2-car garage completes the picture. The house sits on a deep flat landscaped lot with mature trees and plantings. Fallsmead offers outstanding community amenities, including close proximity to Fallsmead Park, complete with walking paths, trails, tennis courts, pickle ball courts, tot lot, soccer field, picnic area, an attractive community pool, and more! The property is superbly located with easy access to the shops, stores, and restaurants of Downtown Rockville, Park Potomac, and Pike & Rose - all nearby! Fallsmead also offers easy access to neighborhood schools and local interstates. Rockville Metro is just a short distance away. Truly a fabulous opportunity to purchase in an exceptional community. THE PERFECT PLACE TO CALL HOME!
Last Agent to Sell the Property
(703) 625-3028 peter.sarro@compass.com Compass License #SP98359189 Listed on: 08/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,046
Year Built
- Built in 1973 | Remodeled in 2024
Lot Details
- 0.25 Acre Lot
- West Facing Home
- Privacy Fence
- Wood Fence
- Back Yard Fenced
- Extensive Hardscape
- Corner Lot
- Property is in excellent condition
- Property is zoned R150
HOA Fees
- $121 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- 2 Driveway Spaces
- Front Facing Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Slab Foundation
- Architectural Shingle Roof
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Bar
- Brick Wall or Ceiling
- Ceiling height of 9 feet or more
- Ceiling Fan
- Recessed Lighting
- Wood Burning Fireplace
- Screen For Fireplace
- Fireplace Mantel
- Brick Fireplace
- Insulated Windows
- Double Hung Windows
- Atrium Windows
- Window Screens
- Insulated Doors
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Den
- Recreation Room
- Sun or Florida Room
- Utility Room
- Garden Views
- Attic
- Finished Basement
Kitchen
- Eat-In Gourmet Kitchen
- Gas Oven or Range
- Stove
- Built-In Microwave
- Extra Refrigerator or Freezer
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Bathtub with Shower
Laundry
- Laundry on lower level
- Dryer
- Washer
Home Security
- Storm Doors
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Windows
Outdoor Features
- Lake Privileges
- Exterior Lighting
- Play Equipment
Schools
- Fallsmead Elementary School
- Robert Frost Middle School
- Thomas S. Wootton High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- 200+ Amp Service
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 160400242897
Community Details
Overview
- Association fees include common area maintenance, pool(s), recreation facility, reserve funds
- Fallsmead Homes Corporation HOA
- Fallsmead Subdivision
Amenities
- Picnic Area
- Common Area
Recreation
- Tennis Courts
- Soccer Field
- Community Basketball Court
- Community Playground
- Lap or Exercise Community Pool
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Aug 30, 2024
Sold by
Kossiaras Thomas P and Kossiaras Peter T
Bought by
Barr Edward Mark and Barr Lindsay Lewis
Seller's Agent
Peter Sarro
Compass
Buyer's Agent
VJ Derbarghamian
Compass
List Price
$1,150,000
Sold Price
$1,221,000
Premium/Discount to List
$71,000
6.17%
Views
86
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
-$14,369
Avg. Annual Appreciation
-1.06%
Original Mortgage
$976,800
Outstanding Balance
$966,449
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$240,182
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 |
|---|---|---|---|
| Barr Edward Mark | $1,221,000 | First American Title | |
| Barr Edward Mark | $1,221,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Barr Edward Mark | $976,800 | |
| Closed | Barr Edward Mark | $976,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $1,221,000 | +6.2% | $323 / Sq Ft |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- |
| 08/02/2024 08/02/24 | For Sale | $1,150,000 | -- | $305 / 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 | $11,033 | $842,200 | -- | -- |
| 2024 | $11,033 | $774,700 | $0 | $0 |
| 2023 | $9,354 | $707,200 | $380,300 | $326,900 |
| 2022 | $8,968 | $695,433 | $0 | $0 |
| 2021 | $9,452 | $683,667 | $0 | $0 |
| 2020 | $8,642 | $671,900 | $362,200 | $309,700 |
| 2019 | $8,526 | $671,900 | $362,200 | $309,700 |
| 2018 | $8,443 | $671,900 | $362,200 | $309,700 |
| 2017 | $9,281 | $709,700 | $0 | $0 |
| 2016 | -- | $703,333 | $0 | $0 |
| 2015 | $8,496 | $696,967 | $0 | $0 |
| 2014 | $8,496 | $690,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Sarro
-
Christopher Georgatsos
Seller Co-Listing Agent in 2024
Christopher Georgatsos
Compass
(202) 306-0022
2 in this area
45 Total Sales
-
VJ Derbarghamian
Buyer's Agent in 2024
VJ Derbarghamian
Compass
(240) 630-1019
1 in this area
62 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2142390
APN: 04-00242897
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