NOT LISTED FOR SALE

11348 Palatine Dr Potomac, MD 20854

Estimated Value: $2,452,000 - $2,730,000

6 Beds
6.5 Baths
6,147 Sq Ft
$414/Sq Ft Est. Value

Last Sold October 16, 2014

Last sale price $1,680,000 $273 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $15,471/month

841 Days on Market

Highlights

  • Second Kitchen
  • Sauna
  • Wood Flooring
  • Potomac Elementary School Rated A
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of October 2014

Shortsale has approved $1.68mil. Sales Price changed 1,83 mil to 1.68mil.Custome built home on two acres with a u-shaped drive.2 story foyer.Property Sold "As-Is" **Seller prefer to choose title company(kensington Vanguard settlement). Limited Service brokerage. No more negotiable price.

Last Agent to Sell the Property

Oleg Belinsky

Belinsky Real Estate LLC License #0225214736 Listed on: 05/17/2012

Last Buyer's Agent

Zhong Wang

RE/MAX Realty Group License #0225052950

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,809

Year Built

  • Built in 1996

Lot Details

  • 2 Acre Lot
  • Property is in very good condition
  • Property is zoned RE2

Parking

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

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Ceiling Fan
  • 4 Fireplaces
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Fireplace Mantel
  • Window Treatments
  • Family Room Off Kitchen
  • Dining Area
  • Sauna
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Breakfast Room
  • Double Oven
  • Six Burner Stove
  • Down Draft Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer
  • Laundry Chute

Finished Basement

  • Walk-Out Basement
  • Side Exterior Basement Entry

Home Security

  • Intercom
  • Motion Detectors
  • Monitored

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Humidifier
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Palatine Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 160602870643
  • $1,674 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,809

Year Built

Built in 1996

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, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1996
  • Remarks Public: Shortsale has approved $1.68mil. Sales Price changed 1,83 mil to 1.68mil.Custome built home on two acres with a u-shaped drive.2 story foyer.Property Sold "As-Is" **Seller prefer to choose title company(kensington Vanguard settlement). Limited Service brokerage. No more negotiable price.
  • Special Assessment Payment: Annually
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Central Vacuum, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Humidifier, Icemaker, Intercom, Microwave, Oven - Double, Six Burner Stove, Washer
  • Interior Amenities: 2nd Kitchen, Breakfast Area, Family Room Off Kitchen, Dining Area, Built-Ins, Window Treatments, Entry Level Bedroom, Upgraded Countertops, Laundry Chute, Primary Bath(s), Sauna, Wet/Dry Bar, Wood Floors, Whirlpool/Hottub
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s), Screen
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Levels Count: 3+
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Breakfast Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance, Fully Finished, Walkout Level
  • Living Area Units: Square Feet
  • Street Number Modifier: 11348

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 6
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 7.00
  • Main Level Full Bathrooms: 6
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Shingle
  • 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, Asphalt Driveway
  • Parking Space Number Assigned: 3
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 213.76
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Monitored, Motion Detectors
  • Sewer/Septic System: Public Septic, 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

Lot Info

  • Improvement Assessed Value: 1043300.00
  • Land Assessed Value: 605000.00
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Property Condition: Very Good
  • Year Assessed: 2012
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13859729
  • Tax Annual Amount: 19808.83
  • Assessor Parcel Number: 160602870643
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 6147
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 10/16/2014

Multi Family

  • Front Foot Fee: 1673.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2023
Sold by
Teng and Xu
Bought by
Mcelveen John and Khayyer Tala
Current Estimated Value
$2,543,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Outstanding Balance
$1,811,722
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$731,388

Purchase Details

Listed on
May 17, 2012
Closed on
Oct 16, 2014
Sold by
Ko Sook Hee
Bought by
Teng Ruifeng and Zhao Xu
Seller's Agent
Oleg Belinsky
Belinsky Real Estate LLC
Buyer's Agent
Zhong Wang
RE/MAX Realty Group
List Price
$1,680,000
Sold Price
$1,680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$300,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 19, 2012
Sold by
Suh James J and Ko Sook Hee
Bought by
Ko Sook Hee

Purchase Details

Closed on
Jan 8, 2007
Sold by
Ko Sook Hee
Bought by
Ko Sook Hee and Ko James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 2006
Sold by
Ko Sook Hee
Bought by
Ko Sook Hee and Ko James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2005
Sold by
Saxena Ashok K
Bought by
Ko Sook Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 13, 2002
Sold by
Saxena Ashok K
Bought by
Saxena Ashok K

Purchase Details

Closed on
Nov 14, 2001
Sold by
Saxena Ashok K and Saxena A L
Bought by
Saxena Ashok K

Purchase Details

Closed on
Nov 4, 1994
Sold by
Dumont Oaks Corp
Bought by
Saxena Ashok K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
8.71%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcelveen John $2,300,000 Jdm Title
Teng Ruifeng $1,600,000 Old Republic National Title
Ko Sook Hee -- Premier Title & Settlement
Ko Sook Hee -- --
Ko Sook Hee -- --
Ko Sook Hee $2,242,000 --
Saxena Ashok K $780,000 --
Saxena Ashok K -- --
Saxena Ashok K $279,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelveen John $1,840,000
Previous Owner Zhao Zu $259,772
Previous Owner Teng Ruifeng $250,000
Previous Owner Teng Ruifeng $300,000
Previous Owner Ko Sook Hee $150,000
Previous Owner Ko Sook H $150,000
Previous Owner Suh James J $340,000
Previous Owner Ko Sook Hee $1,462,500
Previous Owner Saxena Ashok K $610,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2014 10/16/14 Sold $1,680,000 0.0% $273 / Sq Ft
10/03/2014 10/03/14 For Sale $1,680,000 0.0% $273 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
08/03/2014 08/03/14 For Sale $1,680,000 0.0% $273 / Sq Ft
07/31/2014 07/31/14 Off Market $1,680,000 -- --
06/03/2014 06/03/14 Pending -- -- --
05/27/2014 05/27/14 Pending -- -- --
05/09/2014 05/09/14 Price Changed $1,680,000 -6.6% $273 / Sq Ft
03/21/2014 03/21/14 Price Changed $1,799,000 -1.7% $293 / Sq Ft
01/09/2014 01/09/14 Price Changed $1,830,000 -1.1% $298 / Sq Ft
11/19/2013 11/19/13 Price Changed $1,850,000 -2.1% $301 / Sq Ft
10/29/2013 10/29/13 For Sale $1,890,000 0.0% $307 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
10/04/2013 10/04/13 Price Changed $1,890,000 +11.8% $307 / Sq Ft
09/23/2013 09/23/13 Price Changed $1,690,000 -10.6% $275 / Sq Ft
09/17/2013 09/17/13 For Sale $1,890,000 +12.5% $307 / Sq Ft
08/30/2013 08/30/13 Off Market $1,680,000 -- --
07/29/2013 07/29/13 Price Changed $1,890,000 0.0% $307 / Sq Ft
07/29/2013 07/29/13 For Sale $1,890,000 +12.5% $307 / Sq Ft
01/24/2013 01/24/13 Pending -- -- --
01/15/2013 01/15/13 Off Market $1,680,000 -- --
01/03/2013 01/03/13 Price Changed $1,660,000 0.0% $270 / Sq Ft
01/03/2013 01/03/13 For Sale $1,660,000 +3.8% $270 / Sq Ft
08/14/2012 08/14/12 Price Changed $1,599,000 -11.1% $260 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $1,799,000 -- $293 / 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 $19,689 $1,830,333 -- --
2024 $19,689 $1,647,700 $665,500 $982,200
2023 $18,547 $1,611,533 $0 $0
2022 $12,697 $1,575,367 $0 $0
2021 $16,863 $1,539,200 $665,500 $873,700
2020 $16,834 $1,539,200 $665,500 $873,700
2019 $21,976 $1,539,200 $665,500 $873,700
2018 $21,901 $1,828,900 $665,500 $1,163,400
2017 $20,954 $1,732,500 $0 $0
2016 -- $1,636,100 $0 $0
2015 $19,117 $1,539,700 $0 $0
2014 $19,117 $1,539,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003985582

Bright MLS

APN: 06-02870643