NOT LISTED FOR SALE

11616 Lake Potomac Dr Potomac, MD 20854

Estimated Value: $1,754,000 - $2,097,000

6 Beds
6 Baths
5,855 Sq Ft
$327/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $1,508,000 $258 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,910/month

8 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • 2 Fireplaces
  • Potomac Elementary School Rated A
  • Attic
  • No HOA

About This Home

As of July 2021

Back to market because previous buyers’s finance failed. Beautifully updated and meticulously maintained, this stunning custom home is ready to enjoy! Rebuilt in 2010, it boasts superb architectural designs, details, and upgrades: elegant open foyer with marble flooring, formal living room with high ceilings and a marble fireplace, grand dining room adjacent to two deluxe gourmet kitchens, family room off kitchen with a second fireplace and patio doors, main kitchen with top of the line appliances, gas cooking, breakfast room with extra wide patio doors to a huge deck for outdoor cooking and entertaining in a private, quiet oasis. A sumptuous study with wall of built in book shelves, and patio doors to the outside for you to get refreshed easily is ideal for work at home. Enjoy picturesque views of trees, woods, and lush garden right in the study, living room, dining room, kitchen, family room through all side large windows and 3 sets of glass patio doors. Other upgrades include gleaming hardwood floors throughout the main level, beautifully renovated bathrooms, new second kitchen addition, surround sound system, luxurious lighting fixtures, elegant window treatments, window seats, exquisite moldings and trims, and closets with built in drawers. Owners' suite features sitting area, multiple windows for breathtaking views, dual walk-in closets, and luxurious bathroom. Dual sinks in other full bathrooms. Daylight walkout basement is bright, spacious, and comfortable, presenting full windows, glass patio doors, 12' high ceilings, 6th bedroom, 4th full bathroom, and multi-functional recreation room. The exterior architectural beauty is also impressive: sophisticated elevation, hip roofs, arched windows, front porch, and all brick walls. Well- designed professional landscaping all around the house. Truly a custom masterpiece! Gorgeous inside and out, and better than new! The wonderful Lake Potomac community is simply park-like! Welcome home!

Last Agent to Sell the Property

Shuang Zhao

Signature Home Realty LLC License #656735 Listed on: 06/02/2021

Last Buyer's Agent

Leyla Torres

Samson Properties License #649134

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,009

Year Built

  • Built in 2010

Lot Details

  • 2 Acre Lot
  • South Facing Home

Parking

  • 3 Car Attached Garage
  • 6 Driveway Spaces
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • 2 Fireplaces
  • Carpet
  • Dryer
  • Attic

Kitchen

  • Second Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Dishwasher

Bedrooms and Bathrooms

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Potomac Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160602013710

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,009

Year Built

Built in 2010

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2010
  • Automatically Close On Close Date: No
  • Remarks Public: Back to market because previous buyers’s finance failed. Beautifully updated and meticulously maintained, this stunning custom home is ready to enjoy! Rebuilt in 2010, it boasts superb architectural designs, details, and upgrades: elegant open foyer with marble flooring, formal living room with high ceilings and a marble fireplace, grand dining room adjacent to two deluxe gourmet kitchens, family room off kitchen with a second fireplace and patio doors, main kitchen with top of the line appliances, gas cooking, breakfast room with extra wide patio doors to a huge deck for outdoor cooking and entertaining in a private, quiet oasis. A sumptuous study with wall of built in book shelves, and patio doors to the outside for you to get refreshed easily is ideal for work at home. Enjoy picturesque views of trees, woods, and lush garden right in the study, living room, dining room, kitchen, family room through all side large windows and 3 sets of glass patio doors. Other upgrades include gleaming hardwood floors throughout the main level, beautifully renovated bathrooms, new second kitchen addition, surround sound system, luxurious lighting fixtures, elegant window treatments, window seats, exquisite moldings and trims, and closets with built in drawers. Owners' suite features sitting area, multiple windows for breathtaking views, dual walk-in closets, and luxurious bathroom. Dual sinks in other full bathrooms. Daylight walkout basement is bright, spacious, and comfortable, presenting full windows, glass patio doors, 12' high ceilings, 6th bedroom, 4th full bathroom, and multi-functional recreation room. The exterior architectural beauty is also impressive: sophisticated elevation, hip roofs, arched windows, front porch, and all brick walls. Well- designed professional landscaping all around the house. Truly a custom masterpiece! Gorgeous inside and out, and better than new! The wonderful Lake Potomac community is simply park-like! Welcome home!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer
  • Interior Amenities: 2nd Kitchen, Attic, Breakfast Area, Butlers Pantry, Carpet
  • Fireplaces Count: 2
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance
  • Total Sq Ft: 6710
  • Living Area Sq Ft: 5855
  • Price Per Sq Ft: 334.74
  • Above Grade Finished Sq Ft: 4505
  • Below Grade Finished Sq Ft: 1350
  • Below Grade Sq Ft: 855
  • Total Below Grade Sq Ft: 2205
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11616

Beds/Baths

  • Bedrooms: 6
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Sewer Available, Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Horses: No
  • Improvement Assessed Value: 779200.00
  • Land Assessed Value: 665500.00
  • Lot Size Acres: 2.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Year Assessed: 2021
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13855559
  • Tax Annual Amount: 16009.00
  • Assessor Parcel Number: 160602013710
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 07/09/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 9, 2021
Sold by
Yuan Hongxia and Chen Longwu
Bought by
Digby Mark and Egan Janet
Seller's Agent
Shuang Zhao
Signature Home Realty LLC
Buyer's Agent
Leyla Torres
Samson Properties
List Price
$1,508,000
Sold Price
$1,508,000
Current Estimated Value
$1,916,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,490
Avg. Annual Appreciation
6.02%
Original Mortgage
$1,206,400
Outstanding Balance
$1,090,278
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$826,212

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 2, 2015
Sold by
Kelber Steven B and Kelber Lisa L
Bought by
Chen Longwu
Seller's Agent
Matthew Green
RE/MAX Realty Services
Buyer's Agent
Wei Fan
Redfin Corp
List Price
$1,395,000
Sold Price
$1,348,000
Premium/Discount to List
-$47,000
-3.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Original Mortgage
$943,600
Interest Rate
2.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 1, 1994
Sold by
Coan T M
Bought by
Kelber Steven B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$837,000
Interest Rate
8.49%
Source: Public Records

Range of Values:

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Average Value
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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
Digby Mark $1,508,000 Covenant Title & Escrow Llc
Chen Longwu $1,348,000 First American Title Ins Co
Kelber Steven B $930,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Digby Mark $1,206,400
Previous Owner Chen Longwu $943,600
Previous Owner Kelber Steven B $692,000
Previous Owner Kelber Steven B $837,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $1,508,000 0.0% $258 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $1,508,000 +11.9% $258 / Sq Ft
06/02/2015 06/02/15 Sold $1,348,000 -3.4% --
04/16/2015 04/16/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $1,395,000 -- --
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
2024 $17,004 $1,414,500 $665,500 $749,000
2023 $14,139 $1,414,500 $665,500 $749,000
2022 $15,564 $1,414,500 $665,500 $749,000
2021 $0 $1,444,700 $665,500 $779,200
2020 $16,260 $1,424,433 $0 $0
2019 $16,010 $1,404,167 $0 $0
2018 $15,288 $1,383,900 $665,500 $718,400
2017 $16,408 $1,383,900 $0 $0
2016 -- $1,383,900 $0 $0
2015 $5,558 $1,394,800 $0 $0
2014 $5,558 $1,394,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC761874

Bright MLS

APN: 06-02013710