NOT LISTED FOR SALE

11125 Korman Dr Potomac, MD 20854

Estimated Value: $1,419,000 - $1,555,913

5 Beds
4.5 Baths
3,653 Sq Ft
$407/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $1,430,000 $391 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,568/month

6 Days on Market

Highlights

  • Water Views
  • In Ground Pool
  • Contemporary Architecture
  • Wayside Elementary School Rated A
  • Open Floorplan
  • Two Story Ceilings

About This Home

As of December 2023

Introducing the Designer Single Family Home with a Private Pool! This captivating home has been masterfully redesigned and fully renovated to offer mid-century modern interior and exterior features.
The breathtaking design features an entirely refreshed interior. The main level showcases an open kitchen with high-end appliances, a family room with double-height ceiling and a stunning view to the serene backyard, a cozy space with updated fireplace for entertainment, and a full guest suite for hosting. The top level features a private, expanded owner’s suite with a large bathroom and walk-in closet. The basement opens up into a movie theater, recreational space, and a newly designed laundry room that has access to a large spacious storage. This home is renovated with comfort and safety in mind, as each upgrade has been inspected and approved by the county to ensure compliance with building codes.
Everything inside and outside of this house is Brand New - from new engineered hardwood floor and carpet, modern appliances, luxurious finishes, new windows and doors, and an upgraded HVAC system and water heater to new roof and gutters, new pool pump, front porch tiles, asphalt driveway, and fencing.
The private luxury outdoor pool is the star of the show. This pool is refinished with new coating materials, serviced with a brand new pump system and upgraded to meet safety guidelines. The landscaping surrounding this home is designed with new, selected perennial plants that will blossom into an abundant garden in the Spring.
Located in the coveted Winston Churchill school district, this charming home is minutes from Falls Road Golf Course and the hiking and mountain biking path to the Potomac Village, Cabin John Shopping Center, and the interstate corridor. Floor Plan and 3D VR tour INCLUDED. Sunday 11/12 Open House from 12.30pm to 4pm

Last Agent to Sell the Property

Choon Neoh

Realty ONE Group Capital License #SP200203923 Listed on: 11/09/2023

Realty ONE Group Capital

Last Buyer's Agent

Brett Schrack

JPAR Stellar Living License #612847

JPAR Stellar Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,661

Year Built

  • Built in 1973 | Remodeled in 2023

Lot Details

  • 0.31 Acre Lot
  • Stone Retaining Walls
  • Back Yard Fenced
  • Property is in excellent condition
  • Property is zoned R200

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • On-Street Parking

Property Views

  • Water
  • Garden

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Two Story Ceilings
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Bonus Room
  • Game Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Home Gym
  • Finished Basement

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Room

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Outdoor Features

  • In Ground Pool
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • Bedfordshire Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 161001484940

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,661

Year Built

Built in 1973 | Remodeled in 2023

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1
  • Expected On Market: 2023-11-09
  • Year Built: 1973
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Country, Kitchen - Eat-In, Kitchen - Table Space, Skylight(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Breakfast Room, Bedroom 1, Exercise Room, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2, Bathroom 3, Bonus Room, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 4447
  • Living Area Sq Ft: 3653
  • Price Per Sq Ft: 561.25
  • Above Grade Finished Sq Ft: 2653
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 794
  • Total Below Grade Sq Ft: 1794
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11125

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Levels 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Stone Retaining Walls
  • Pool Features: In Ground
  • Roof: Composite
  • View: Garden/Lawn, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 450.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: WAYSIDE
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: WAYSIDE
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Fencing: Rear
  • Land Use Code: R
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13418.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 8661.00
  • Assessor Parcel Number: 161001484940
  • Tax Lot: 15
  • Tax Total Finished Sq Ft: 2653
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/15/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Dec 15, 2023
Sold by
Cheung Ventures Llc
Bought by
Yim James and Zhang Xin
Seller's Agent
Choon Neoh
Realty ONE Group Capital
Buyer's Agent
Brett Schrack
JPAR Stellar Living
List Price
$1,489,000
Sold Price
$1,430,000
Premium/Discount to List
-$59,000
-3.96%
Views
255
Current Estimated Value
$1,513,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,457
Avg. Annual Appreciation
2.34%
Original Mortgage
$210,500
Interest Rate
7.76%

Purchase Details

Listed on
Jun 1, 2023
Closed on
May 2, 2023
Sold by
Yacko Keith M
Bought by
Cabana Series Iv Trust
Seller's Agent
Klaus Breitsameter
RE/MAX Realty Group
Buyer's Agent
Choon Neoh
Realty ONE Group Capital
List Price
$799,950
Sold Price
$985,000
Premium/Discount to List
$185,050
23.13%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
124.88%

Purchase Details

Closed on
Jun 14, 2007
Sold by
Pearce Michael F
Bought by
Pearce Michael F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
9.2%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 25, 2007
Sold by
Pearce Michael F
Bought by
Pearce Michael F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
9.2%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Yim James $1,430,000 Stewart Title
Cabana Series Iv Trust $770,303 None Listed On Document
Pearce Michael F -- --
Pearce Michael F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yim James $1,173,000
Closed Yim James $210,500
Closed Yim James $1,124,000
Previous Owner Pearce Michael F $650,000
Previous Owner Pearce Michael F $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $1,430,000 -4.0% $391 / Sq Ft
11/09/2023 11/09/23 For Sale $1,489,000 +51.2% $408 / Sq Ft
06/30/2023 06/30/23 Sold $985,000 -1.5% $270 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $1,000,000 +25.0% $274 / Sq Ft
06/01/2023 06/01/23 For Sale $799,950 -- $219 / 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
2024 $14,921 $1,245,400 $0 $0
2023 $0 $774,433 $0 $0
2022 $7,969 $737,100 $437,000 $300,100
2021 $7,762 $731,867 $0 $0
2020 $7,762 $726,633 $0 $0
2019 $7,685 $721,400 $437,000 $284,400
2018 $7,636 $716,433 $0 $0
2017 $7,725 $711,467 $0 $0
2016 $6,940 $706,500 $0 $0
2015 $6,940 $699,700 $0 $0
2014 $6,940 $692,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2101874

Bright MLS

APN: 10-01484940