NOT LISTED FOR SALE

11116 Korman Dr Potomac, MD 20854

Estimated Value: $1,048,561 - $1,146,000

5 Beds
3.5 Baths
2,130 Sq Ft
$513/Sq Ft Est. Value

Last Sold July 20, 2017

Last sale price $803,000 $377 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,548/month

15 Days on Market

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • 2 Fireplaces
  • Morton Elementary School Rated A-
  • Contemporary Architecture
  • Great Room

About This Home

As of July 2017

GREAT HOME IN BEDFORDSHIRE.TOTALLY UPDATED ALL THREE FLOORS.FULLY FINISHED WALKOUT BASEMENT WITH BR/FB. QUARTER ACRE WITH BACKING TO PARK LAND.

Last Agent to Sell the Property

Homi Irani

(301) 996-1695 hrirani@hotmail.com Evergreen Properties Listed on: 06/03/2017

Evergreen Properties

Last Buyer's Agent

Hanna Wang

(240) 398-8102 hannaprostage@gmail.com Prostage Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,465

Year Built

  • Built in 1973 | Remodeled in 2006

Lot Details

  • 0.25 Acre Lot
  • Property is zoned R200

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • 2 Fireplaces
  • Great Room
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Gourmet Kitchen
  • Double Oven
  • Extra Refrigerator or Freezer
  • Ice Maker
  • ENERGY STAR Qualified Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Finished Basement

  • Walk-Out Basement
  • Rear Basement Entry

Schools

  • Wayside Elementary School
  • Herbert Hoover Middle School
  • Winston Churchill High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • ENERGY STAR Qualified Equipment for Heating

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 161001485022

Community Details

Overview

  • Bedfordshire Community
  • Bedfordshire Subdivision
  • The community has rules related to commercial vehicles not allowed

Recreation

  • Community Pool
  • Pool Membership Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,465

Year Built

Built in 1973 | Remodeled in 2006

Lot Details

0

HOA Fees

$30 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1973
  • Year Renovated: 2006
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Energy Star Dishwasher, Extra Refrigerator/Freezer, Icemaker, Oven - Double, Refrigerator
  • Interior Amenities: Kitchen - Gourmet, Floor Plan - Open
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Great Room, Laundry
  • Basement: Yes
  • Basement Type: Rear Entrance, Fully Finished, Walkout Level
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Cedar
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: Energy Star Heating System
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 360.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Pool Mem Avail
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Commercial Vehicles Prohibited
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School: WAYSIDE
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Improvement Assessed Value: 273700.00
  • Land Assessed Value: 425200.00
  • Lot Size Acres: 0.25
  • Lot Size Area: 10897
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10897.00
  • Property Attached Yn: No
  • Zoning: R200

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13985598
  • Tax Annual Amount: 9464.91
  • Assessor Parcel Number: 161001485022
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2017
Closed on
Jul 18, 2017
Sold by
Hashemipour Hessam and Mohammadi Shohreh
Bought by
Cui Xinle and Cao Zhou Hong
Seller's Agent
Homi Irani
Evergreen Properties
Buyer's Agent
Hanna Wang
Prostage Realty, LLC
List Price
$849,000
Sold Price
$803,000
Premium/Discount to List
-$46,000
-5.42%
Current Estimated Value
$1,093,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,140
Avg. Annual Appreciation
3.70%
Original Mortgage
$603,000
Outstanding Balance
$501,266
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$591,874

Purchase Details

Closed on
Apr 9, 2002
Sold by
Phillips William G and Phillips N M
Bought by
Hashemipour Hessam and Hashemipour Shohreh Mohammadi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cui Xinle $804,000 Eastern Title & Settlement
Hashemipour Hessam $455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cui Xinle $603,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2017 07/20/17 Sold $803,000 -5.4% $377 / Sq Ft
06/25/2017 06/25/17 For Sale $849,000 0.0% $399 / Sq Ft
06/18/2017 06/18/17 Pending -- -- --
06/03/2017 06/03/17 For Sale $849,000 -- $399 / 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 $9,622 $797,000 $425,200 $371,800
2024 $9,622 $797,000 $425,200 $371,800
2023 $8,910 $797,000 $425,200 $371,800
2022 $8,511 $797,000 $425,200 $371,800
2021 $7,709 $764,300 $0 $0
2020 $7,709 $731,600 $0 $0
2019 $7,332 $698,900 $425,200 $273,700
2018 $7,338 $698,900 $425,200 $273,700
2017 $8,171 $698,900 $0 $0
2016 -- $796,800 $0 $0
2015 $7,305 $771,233 $0 $0
2014 $7,305 $745,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002538439

Bright MLS

APN: 10-01485022