NOT LISTED FOR SALE

12000 River Rd Potomac, MD 20854

Estimated Value: $1,895,000 - $2,290,542

3.25 Acres
$627,235 Price per Acre
141,570 Sq Ft Lot

Last Sold January 26, 2016

Last sale price $1,725,000

Est. 18% increase in value since last sale

Current estimated payment $11,810/month

173 Days on Market

Highlights

  • Water Oriented
  • River View
  • Stream or River on Lot
  • Potomac Elementary School Rated A
  • 3.25 Acre Lot
  • No HOA

About This Lot

As of January 2016

Private and exclusive property overlooking the C&O Canal and Potomac River. Over three acres with winter views. Fully Fenced with gas, water and electricity on the property, ready for your new dream home. Ready to build. Septic approved for six bedrooms. Adjacent to multi-million dollar estates on a prestigious stretch of River Road

Last Agent to Sell the Property

Yasmin Abadian

(301) 299-6000 yasmin@lnf.com Long & Foster Real Estate, Inc. Listed on: 05/27/2015

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Austin Hsu

(301) 738-7900 austin7h@gmail.com United Realty, Inc. License #520968

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,434

Lot Details

  • 3.25 Acre Lot
  • Property is Fully Fenced
  • Property is zoned RE2

Property Views

  • River
  • Woods
  • Canal

Schools

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

Utilities

  • Septic Tank

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 160602744008

Community Details

Overview

  • No Home Owners Association
  • Potomac Hunt Subdivision

Recreation

  • Water Oriented
  • River Nearby
  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$11,434

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 14.13

Exterior Features

  • View: Water, River, Canal, Trees/Woods
  • View: Yes
  • Water Access: No
  • Water Body Name: POTOMAC RIVER
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Fencing: Fully
  • Lot Size Acres: 3.25
  • Lot Size Area: 141570
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 141570.00
  • Possible Use: Residential
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13921197
  • Tax Annual Amount: 11433.50
  • Assessor Parcel Number: 160602744008
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Dock Slip Conveyance: None Available

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2015
Closed on
Jan 25, 2016
Sold by
12000 River Road Property Llc
Bought by
Yue Jie Llc
Seller's Agent
Yasmin Abadian
Long & Foster Real Estate, Inc.
Buyer's Agent
Austin Hsu
United Realty, Inc.
List Price
$2,000,000
Sold Price
$1,725,000
Premium/Discount to List
-$275,000
-13.75%
Current Estimated Value
$2,038,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,514
Avg. Annual Appreciation
1.68%

Purchase Details

Closed on
Aug 2, 2006
Sold by
Snider Steven S Et Al Tr
Bought by
12000 River Road Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2006
Sold by
Snider Steven S Et Al Tr
Bought by
12000 River Road Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2002
Sold by
Prince Gregory A and Prince R J
Bought by
Snider Steven S Et Al Tr

Purchase Details

Closed on
Apr 9, 1999
Sold by
Berman Eugene and Berman T
Bought by
R Gregory A and R Prince J

Purchase Details

Closed on
Mar 27, 1996
Sold by
J Nabeel R and J Kabbani R
Bought by
Berman Eugene and Berman T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yue Jie Llc $1,725,000 First American Title Ins Co
12000 River Road Property Llc $1,250,000 --
12000 River Road Property Llc $1,250,000 --
Snider Steven S Et Al Tr $995,000 --
R Gregory A $622,000 --
Berman Eugene $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 12000 River Road Property Llc $845,000
Previous Owner 12000 River Road Property Llc $845,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2016 01/26/16 Sold $1,725,000 -13.8% --
11/16/2015 11/16/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $2,000,000 -- --
Source: Bright MLS

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 $14,453 $1,219,900 $1,219,900 --
2024 $14,453 $1,219,900 $1,219,900 $0
2023 $14,211 $1,200,533 $0 $0
2022 $13,393 $1,181,167 $0 $0
2021 $10,844 $1,161,800 $1,161,800 $0
2020 $13,140 $1,161,800 $1,161,800 $0
2019 $10,819 $1,161,800 $1,161,800 $0
2018 $10,811 $1,161,800 $1,161,800 $0
2017 $10,742 $1,126,600 $0 $0
2016 -- $1,091,400 $0 $0
2015 $9,162 $1,056,200 $0 $0
2014 $9,162 $989,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002337071

Bright MLS

APN: 06-02744008