NOT LISTED FOR SALE

11340 Palatine Dr Potomac, MD 20854

Estimated Value: $1,914,000 - $2,279,000

5 Beds
4.5 Baths
7,200 Sq Ft
$292/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $1,375,000 $191 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $12,859/month

1 Day on Market

Highlights

  • Gourmet Country Kitchen
  • Dual Staircase
  • Deck
  • Potomac Elementary School Rated A
  • Colonial Architecture
  • Premium Lot

About This Home

As of April 2017

Gracious Palatine colonial perched on lovely, level lot backing to trees! Expansive, sun-filled spaces w/entertainers flrpln w/large kit open to great room, lovely formal rooms, spacious master suite, light filled LL w/bedroom, exercise room, 2nd office, possible media room and loads of storage. Freshly painted, new carpet on main & LL & 3 car side load garage. Generator too!

Last Agent to Sell the Property

Coley Reed

Long & Foster Real Estate, Inc. License #99254 Listed on: 03/30/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Xuri Wang

BMI REALTORS INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,178

Year Built

  • Built in 1995

Lot Details

  • 2 Acre Lot
  • Premium Lot
  • Corner Lot
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned RE2

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • 1 Fireplace
  • Mud Room
  • Great Room
  • Family Room Off Kitchen
  • Dining Area
  • Den
  • Library
  • Game Room
  • Storage Room
  • Home Gym
  • Wood Flooring
  • Alarm System

Kitchen

  • Gourmet Country Kitchen
  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 4.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Rear Basement Entry
  • Basement with some natural light

Outdoor Features

  • Deck

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Palatine Subdivision, Gracious & Sunny Floorplan

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 160602870494
  • $1,638 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,178

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1995
  • Remarks Public: Gracious Palatine colonial perched on lovely, level lot backing to trees! Expansive, sun-filled spaces w/entertainers flrpln w/large kit open to great room, lovely formal rooms, spacious master suite, light filled LL w/bedroom, exercise room, 2nd office, possible media room and loads of storage. Freshly painted, new carpet on main & LL & 3 car side load garage. Generator too!
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Oven - Wall, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Kitchen - Gourmet, Kitchen - Country, Kitchen - Island, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Built-Ins, Upgraded Countertops, Crown Moldings, Primary Bath(s), Double/Dual Staircase, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Center Hall
  • Levels Count: 3+
  • Room List: Game Room, Family Room, Library, Study, Exercise Room, Great Room, Laundry, Mud Room, Storage Room
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Improved, Fully Finished, Daylight, Partial, Walkout Stairs
  • Living Area Units: Square Feet
  • Total Sq Ft: 7200
  • Living Area Sq Ft: 7200
  • Price Per Sq Ft: 280.61
  • Above Grade Finished Sq Ft: 4900
  • Below Grade Finished Sq Ft: 2300
  • Total Below Grade Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11340

Beds/Baths

  • Bedrooms: 5
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: POTOMAC
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • School District Key: 121138126809
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Improvement Assessed Value: 883000.00
  • Land Assessed Value: 665500.00
  • Lot Features: Corner, Premium, Backs To Trees
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2017
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13859722
  • Tax Annual Amount: 18178.47
  • Assessor Parcel Number: 160602870494
  • Tax Lot: 16
  • Tax Total Finished Sq Ft: 4878
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 04/28/2017

Multi Family

  • Front Foot Fee: 1638.50

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2017
Closed on
Apr 28, 2017
Sold by
Schulman Carol B
Bought by
Dai Jihong and Wang Zhiming
Seller's Agent
Coley Reed
Long & Foster Real Estate, Inc.
Buyer's Agent
Xuri Wang
BMI REALTORS INC.
List Price
$1,375,000
Sold Price
$1,375,000
Current Estimated Value
$2,103,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,100
Avg. Annual Appreciation
5.82%
Original Mortgage
$113,800
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2007
Sold by
Schulman Carol B
Bought by
Schulman Carol B Tr

Purchase Details

Closed on
Jun 12, 2007
Sold by
Schulman Carol B
Bought by
Schulman Carol B Tr

Purchase Details

Closed on
Mar 9, 1995
Sold by
Renaissance At Palatine Inc
Bought by
Schulman Carol B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,500
Interest Rate
9.09%
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
Dai Jihong $1,375,000 None Available
Schulman Carol B Tr -- --
Schulman Carol B Tr -- --
Schulman Carol B $722,627 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Zhiming $992,587
Closed Dai Jihong $113,800
Closed Dai Jihong $1,055,000
Previous Owner Schulman Carol B $327,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $1,375,000 0.0% $191 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
03/30/2017 03/30/17 For Sale $1,375,000 -- $191 / 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 $16,799 $1,408,500 $665,500 $743,000
2023 $17,151 $1,381,200 $0 $0
2022 $10,912 $1,353,900 $0 $0
2021 $14,423 $1,326,600 $665,500 $661,100
2020 $14,381 $1,326,600 $665,500 $661,100
2019 $14,358 $1,326,600 $665,500 $661,100
2018 $14,314 $1,548,500 $665,500 $883,000
2017 $14,580 $1,470,500 $0 $0
2016 $16,195 $1,392,500 $0 $0
2015 $16,195 $1,314,500 $0 $0
2014 $16,195 $1,314,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002504217

Bright MLS

APN: 06-02870494