NOT LISTED FOR SALE

11516 Paramus Dr North Potomac, MD 20878

Estimated Value: $995,000 - $1,021,000

4 Beds
4 Baths
3,376 Sq Ft
$300/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $960,000 $284 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,335/month

About This Home

As of July 2023

OPEN SUN 6/25, 1:00-3:00PM! FANTASTIC CLASSIC COLONIAL IN THE SOUGHT AFTER “POTOMAC CROSSINGS” SUBDIVISION OF DUFIEF MILL ESTATES, WOOTTON CLUSTER, FANTASTIC LEVELED YARD BACKING TO WOODS! NEW LOWER LEVEL LVP FLOORING 2023, NEW ROOF 2020, NEW HARDWOODS UPPER LEVEL 2014, NEW LOWER-LEVEL VENT HOOD & DISHWASHER 2018, UPGRADED MAIN LEVEL HALF BATH TO FULL BATH! With these recent updates and fresh paint both interior and exterior, this home features three finished levels with total 3,376 sq ft, 4 bedrooms, 4 full bathrooms, and plenty of space in the WALKOUT basement that includes an open recreational area, a kitchenette with dishwasher and a sink, a full bath, plus a bonus room that can be used for additional guest quarters. The main level boasts an open floor plan and a gourmet kitchen, the cozy family room has atrium doors to a large deck overlooking a serene wooded views. Upstairs, all the bedrooms offer generous windows & closet space. Enjoy dining and entertaining al fresco on the expansive deck and/or recreating in the lush green backyard with plenty of space to accommodate a future swimming pool. Wonderful inside and out and within close proximity to fabulous restaurants and shops, this home is truly a turnkey gem!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 27, 2023
Sold by
Wang Zhao and Zhu Rui
Bought by
Ghale Bel Maya and Ghale Abhishek
Seller's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
Buyer's Agent
Ellen Quach
EQCO Real Estate Inc.
List Price
$875,000
Sold Price
$960,000
Premium/Discount to List
$85,000
9.71%
Views
60
Current Estimated Value
$1,013,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,716
Avg. Annual Appreciation
1.63%
Original Mortgage
$660,000
Outstanding Balance
$647,871
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$344,253

Purchase Details

Listed on
Sep 6, 2014
Closed on
Oct 31, 2014
Sold by
Chang Elaine M
Bought by
Wang Zhao and Zhu Rui
Seller's Agent
Poching Shen
Samson Properties
Buyer's Agent
Weibing Wang
Libra Realty, LLC
List Price
$685,500
Sold Price
$675,000
Premium/Discount to List
-$10,500
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$540,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 1987
Bought by
Chang Elaine M
Source: Public Records

Range of Values:

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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
Ghale Bel Maya $960,000 None Listed On Document
Wang Zhao $675,000 Title One & Escrow Inc
Chang Elaine M $174,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghale Bel Maya $660,000
Previous Owner Wang Zhao $150,000
Previous Owner Wang Zhao $464,700
Previous Owner Wang Zhao $480,000
Previous Owner Wang Zhao $493,000
Previous Owner Wang Zhao $540,000
Previous Owner Chang Elaine M $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $960,000 +3.8% $284 / Sq Ft
06/27/2023 06/27/23 Price Changed $925,000 +5.7% $274 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $875,000 +29.6% $259 / Sq Ft
10/31/2014 10/31/14 Sold $675,000 -1.5% $675 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
09/06/2014 09/06/14 For Sale $685,500 -- $686 / Sq Ft

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 $8,847 $729,600 $341,800 $387,800
2023 $3,854 $692,600 $0 $0
2022 $6,950 $655,600 $0 $0
2021 $6,398 $618,600 $325,500 $293,100
2020 $6,398 $612,767 $0 $0
2019 $6,318 $606,933 $0 $0
2018 $6,258 $601,100 $325,500 $275,600
2017 $6,154 $581,067 $0 $0
2016 -- $561,033 $0 $0
2015 $4,866 $541,000 $0 $0
2014 $4,866 $524,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Yu

    Seller's Agent in 2023

    Michelle Yu

    Long & Foster

    (240) 888-5076

    90 in this area

    408 Total Sales

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  • E

    Buyer's Agent in 2023

    Ellen Quach

    EQCO Real Estate Inc.

    (301) 947-9247

    3 in this area

    41 Total Sales

    Section Image

  • P

    Seller's Agent in 2014

    Poching Shen

    Samson Properties

    Section Image
  • Lily Chang

    Seller Co-Listing Agent in 2014

    Lily Chang

    Samson Properties

    (240) 630-8689

    7 in this area

    84 Total Sales

    Section Image
  • Weibing Wang

    Buyer's Agent in 2014

    Weibing Wang

    Libra Realty, LLC

    (410) 814-8006

    1 in this area

    13 Total Sales

    Section Image
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Map

Maryland Montgomery County North Potomac 20878

11516 Paramus Dr, North Potomac, MD

This home is located at 11516 Paramus Dr, North Potomac, MD 20878 and is currently estimated at $1,013,716, approximately $300 per square foot. 11516 Paramus Dr is a home located in Montgomery County with nearby schools including Travilah Elementary, Robert Frost Middle School, and Thomas S. Wootton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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