NOT LISTED FOR SALE

11489 Lake Potomac Dr Potomac, MD 20854

Estimated Value: $1,323,000 - $2,527,781

14 Beds
18 Baths
9,164 Sq Ft
$210/Sq Ft Est. Value

Last Sold May 20, 2013

Last sale price $800,000 $87 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $11,104/month

Highlights

  • Water Views
  • Second Kitchen
  • Colonial Architecture
  • Potomac Elementary School Rated A
  • In Ground Pool
  • Property is near a park

About This Home

As of May 2013

Own this one of a kind Potomac Estate, surrounded by nature. The property is adjacent to park land, streams, horse riding trails and Lake Potomac. Located just minutes to Potomac Village this property offers outdoor activities for everyone. 14 bedrooms, 18 bathrooms and a outdoor pool. The home is offered as is and needs complete renovation.

Last Agent to Sell the Property

Derek Eisenberg

(877) 996-5728 PropertyInquiry@ContinentalRealEstate.com Continental Real Estate Group License #611425 Listed on: 03/06/2013

Last Buyer's Agent

Derek Eisenberg

(877) 996-5728 PropertyInquiry@ContinentalRealEstate.com Continental Real Estate Group License #611425 Listed on: 03/06/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,246

Year Built

  • Built in 1965

Lot Details

  • 2.02 Acre Lot
  • South Facing Home
  • Backs to Trees or Woods
  • Property is in below average condition
  • Property is zoned RE2

Parking

  • 7 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Asphalt Roof
  • Rubber Roof
  • Metal Roof

Interior Spaces

  • Property has 3 Levels
  • 4 Fireplaces
  • Water Views
  • Fire and Smoke Detector
  • Washer

Kitchen

  • Second Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Side Basement Entry

Outdoor Features

  • In Ground Pool
  • Porch

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Radiant Heating System
  • Multi-Tank Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Lake Potomac Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 160600400397

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,246

Year Built

Built in 1965

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1965
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: 2nd Kitchen
  • Fireplaces Count: 4
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Efficiency (Additional)
  • Basement: Yes
  • Basement Type: Side Entrance, Full, Walkout Level
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 14
  • Total Bathrooms: 18
  • Full Bathrooms: 14
  • Half Bathrooms: 4
  • Main Level Bathrooms: 5.00
  • Upper Level Bathrooms: 12.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures List: Barn/Stable
  • Construction Materials: Combination, Brick
  • Construction Completed: No
  • Pool Features: In Ground
  • Roof: Metal, Rubber, Asphalt, Slate
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 7.00
  • Garage: Yes
  • Parking Features: Garage
  • Attached Garage Spaces: 7
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 213.76
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Heat Pump(s), Radiant
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric, Multi-Tank, Natural Gas
  • Security: Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 394100.00
  • Land Assessed Value: 605600.00
  • Lot Features: Backs To Trees, Backs - Parkland
  • Lot Size Acres: 2.02
  • Lot Size Area: 87991
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87991.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Below Average
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13917720
  • Tax Annual Amount: 13245.94
  • Assessor Parcel Number: 160600400397
  • Tax Lot: 28
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2013
Closed on
May 15, 2013
Sold by
Bogdan Christopher
Bought by
Zheng Jaoran and Wang Dan
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Derek Eisenberg
Continental Real Estate Group
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%
Current Estimated Value
$1,926,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,126,695
Avg. Annual Appreciation
7.32%
Original Mortgage
$300,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2004
Sold by
Washington Mutual Bank F A
Bought by
Bogdan Christopher

Purchase Details

Closed on
Jun 24, 2003
Sold by
Hunt Hugh S
Bought by
Washington Mutual Bank F A
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
Zheng Jaoran $800,000 First American Title Ins Co
Bogdan Christopher $1,150,000 --
Bogdan Christopher $1,150,000 --
Washington Mutual Bank F A $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zheng Jaoran $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2013 05/20/13 Sold $800,000 -10.6% $87 / Sq Ft
04/03/2013 04/03/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $895,000 +11.9% $98 / Sq Ft
03/11/2013 03/11/13 Off Market $800,000 -- --
03/06/2013 03/06/13 For Sale $895,000 -- $98 / 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 $12,235 $1,038,767 -- --
2024 $12,235 $1,000,200 $699,300 $300,900
2023 $11,335 $985,600 $0 $0
2022 $10,670 $971,000 $0 $0
2021 $5,202 $956,400 $666,100 $290,300
2020 $10,405 $956,400 $666,100 $290,300
2019 $10,380 $956,400 $666,100 $290,300
2018 $11,008 $1,012,200 $666,100 $346,100
2017 $11,165 $1,008,000 $0 $0
2016 -- $1,003,800 $0 $0
2015 $12,713 $999,600 $0 $0
2014 $12,713 $999,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Derek Eisenberg

    Continental Real Estate Group

    (877) 996-5728

    3,046 Total Sales

    Derek Eisenberg
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003378782

Bright MLS

APN: 06-00400397

Maryland Montgomery County Potomac 20854

11489 Lake Potomac Dr, Potomac, MD

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