NOT LISTED FOR SALE

11516 Falls Rd Potomac, MD 20854

Estimated Value: $1,700,881 - $1,926,000

0.6 Acre
$2,980,783 Price per Acre
26,136 Sq Ft Lot

Last Sold March 10, 2016

Last sale price $389,900

Est. 356% increase in value since last sale

Current estimated payment $10,685/month

288 Days on Market

About This Lot

As of March 2016

Potomac Land For Sale: $1,300,000 for 2-Lots totaling 1.168 Acres - Zoning: R200: 11600 Falls Road - Tear Down w/ pub util: Lot Size: 0.571 Acres - Tax ID #161003552497 - PLUS - 11516 Falls Road: Lot Size: 0.597 Acres - Tax ID #161003552500 --- Homes in this area built to 5000-6000 sq/ft build cost is about $500-600K, Sale price about $1.8M-$2M. Potential profit over $1.3M if 2 homes built

Last Agent to Sell the Property

Alex Saenger

(703) 599-7933 alex@alexsaenger.com CENTURY 21 New Millennium License #588365 Listed on: 04/01/2015

CENTURY 21 New Millennium

Last Buyer's Agent

Alex Saenger

(703) 599-7933 alex@alexsaenger.com CENTURY 21 New Millennium License #588365 Listed on: 04/01/2015

CENTURY 21 New Millennium

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,430

Lot Details

  • 0.6 Acre Lot
  • Property is zoned R200

Schools

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

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Potomac Outside Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 161003552500

Property Details

Property Type

Land

Est. Annual Taxes

$5,430

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential, Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 15.00

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Size Acres: 0.60
  • Lot Size Area: 25987
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 25987.00
  • Zoning: R200

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5429.81
  • Assessor Parcel Number: 161003552500
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2015
Closed on
Mar 10, 2016
Sold by
Ahmed Bilal
Bought by
Qin Wan and Chuanzhong Jiang
Seller's Agent
Alex Saenger
CENTURY 21 New Millennium
Buyer's Agent
Alex Saenger
CENTURY 21 New Millennium
List Price
$550,000
Sold Price
$389,900
Premium/Discount to List
-$160,100
-29.11%
Current Estimated Value
$1,778,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,388,959
Avg. Annual Appreciation
16.65%
Original Mortgage
$822,286
Interest Rate
3.65%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 3, 2013
Sold by
Khalilzadeh Javad and Prayavi Mohammad N
Bought by
Ahmed Bilal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Qin Wan $389,900 Fidelity Natl Title Ins Co
Ahmed Bilal $550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Qin Wan $822,286
Previous Owner Ahmed Bilal $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2016 03/10/16 Sold $389,900 -29.1% --
01/14/2016 01/14/16 Pending -- -- --
04/01/2015 04/01/15 For Sale $550,000 -- --
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 $17,366 $1,400,400 $458,100 $942,300
2024 $17,366 $1,348,933 $0 $0
2023 $16,061 $1,297,467 $0 $0
2022 $14,846 $1,246,000 $458,100 $787,900
2021 $13,270 $1,178,500 $0 $0
2020 $13,270 $1,111,000 $0 $0
2019 $12,505 $1,043,500 $458,100 $585,400
2018 $12,518 $1,043,500 $458,100 $585,400
2017 $12,101 $1,114,400 $0 $0
2016 -- $482,200 $0 $0
2015 $5,164 $482,200 $0 $0
2014 $5,164 $482,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Saenger

    Seller's Agent in 2016

    Alex Saenger

    Century 21 New Millennium

    (703) 599-7933

    1 in this area

    108 Total Sales

    Alex Saenger
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Map

Source: Bright MLS

MLS Number: 1002319431

Bright MLS

APN: 10-03552500

Maryland Montgomery County Potomac 20854

11516 Falls Rd, Potomac, MD

Not Listed for Sale

Lots

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