NOT LISTED FOR SALE

12013 Great Elm Dr Potomac, MD 20854

Estimated Value: $2,551,000 - $3,315,000

2 Acres
$1,525,360 Price per Acre
87,120 Sq Ft Lot

Last Sold April 05, 2013

Last sale price $749,000

Est. 307% increase in value since last sale

Current estimated payment $18,532/month

197 Days on Market

About This Lot

As of April 2013

Beautiful, open, level, 2 acre lot in prestigious community of Potomac with public water, sewer, gas. Ready to build. Best schools. Build your dream luxury home with award-winning builder, Classic Homes, in one of the few remaining community lots in Potomac. 3 adjacent lots- 2 sold, only one left. Model home available to show. Must use Classic Homes as builder.

Last Agent to Sell the Property

Gautam Rana

gautam@growmoregroup.com Grow More Realty Listed on: 08/16/2012

Last Buyer's Agent

Sonny Arora

(301) 983-1555 evergreenrealestate01@gmail.com Evergreen Real Estate, INC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,480

Lot Details

  • 2 Acre Lot
  • Impact Fee Building Permits
  • Property is zoned RE2

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 160603041393

Property Details

Property Type

Land

Est. Annual Taxes

$6,480

Lot Details

2 Acres

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 8.60

Utilities

  • Heating Fuel: Natural Gas Available
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Land Assessed Value: 605000.00
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Possible Use: Residential
  • Zoning: RE2

Tax Info

  • Assessor Parcel Number: 13860244
  • Tax Annual Amount: 6479.55
  • Assessor Parcel Number: 160603041393
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2015
Sold by
Sofat Shubir and Sofat Poonam
Bought by
Shubir Sofat Revocable Trust
Current Estimated Value
$3,050,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$381,196
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$2,669,523

Purchase Details

Listed on
Aug 16, 2012
Closed on
May 6, 2013
Sold by
Faller Isabel Andrea Semmes and Semmes Raphael
Bought by
Great Elm Llc
Seller's Agent
Gautam Rana
Grow More Realty
Buyer's Agent
Sonny Arora
Evergreen Real Estate, INC
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%

Purchase Details

Listed on
Aug 16, 2012
Closed on
Apr 9, 2013
Sold by
Great Elm Llc
Bought by
Sofat Shubir and Sofat Poonam
Seller's Agent
Gautam Rana
Grow More Realty
Buyer's Agent
Sonny Arora
Evergreen Real Estate, INC
List Price
$749,000
Sold Price
$749,000

Purchase Details

Listed on
Apr 5, 2012
Closed on
Jun 15, 2012
Sold by
Faller Isabel Andrea Semmes and Semmes Raphael
Bought by
Great Elm Llc
Seller's Agent
David DeSantis
TTR Sotheby's International Realty
Buyer's Agent
Parvin Navid
Long & Foster Real Estate, Inc.
List Price
$739,000
Sold Price
$700,000
Premium/Discount to List
-$39,000
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%

Purchase Details

Closed on
Mar 2, 2010
Sold by
Semmes Raphael and Semmes G C
Bought by
Semmes Faller Isabel A
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
Shubir Sofat Revocable Trust -- First American Title Ins Co
Great Elm Llc -- First American Title Ins Co
Sofat Shubir $749,000 Lakeside Title Company
Great Elm Llc $700,000 Eastern Title & Settlements
Semmes Faller Isabel A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shubir Sofat Revocable Trust $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2013 04/05/13 Sold $749,000 0.0% --
03/01/2013 03/01/13 Pending -- -- --
08/16/2012 08/16/12 For Sale $749,000 +7.0% --
06/15/2012 06/15/12 Sold $700,000 -5.3% -- View Prior Sale
04/25/2012 04/25/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $739,000 -- --
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 $29,814 $2,556,967 -- --
2024 $29,814 $2,527,200 $698,700 $1,828,500
2023 $27,484 $2,327,133 $0 $0
2022 $24,119 $2,127,067 $0 $0
2021 $21,804 $1,927,000 $665,500 $1,261,500
2020 $21,804 $1,927,000 $665,500 $1,261,500
2019 $21,775 $1,927,000 $665,500 $1,261,500
2018 $24,521 $2,172,800 $665,500 $1,507,300
2017 $24,733 $2,152,633 $0 $0
2016 $6,480 $625,167 $0 $0
2015 $6,480 $605,000 $0 $0
2014 $6,480 $605,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gautam Rana

    Grow More Realty

  • S

    Buyer's Agent in 2013

    Sonny Arora

    Evergreen Real Estate, INC

    (703) 395-9989

    34 Total Sales

    Sonny Arora
    Section Image
  • David DeSantis

    Seller's Agent in 2012

    David DeSantis

    TTR Sotheby's International Realty

    (202) 438-1542

    82 Total Sales

    David DeSantis
    Section Image
  • Sally McLuckie

    Seller Co-Listing Agent in 2012

    Sally McLuckie

    TTR Sotheby's International Realty

    (202) 297-0300

    2 Total Sales

    Sally McLuckie
    Section Image

  • P

    Buyer's Agent in 2012

    Parvin Navid

    Long & Foster

    Section Image
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Map

Source: Bright MLS

MLS Number: 1004121838

Bright MLS

APN: 06-03041393

Maryland Montgomery County Potomac 20854

12013 Great Elm Dr, Potomac, MD

Not Listed for Sale

Lots

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