$690,000
SOLD NOV 30, 2017

12125 Gatewater Dr Potomac, MD 20854

4 Beds
3.5 Baths
2,897 Sq Ft
$94/mo HOA Fee

Recently Sold

$238 Per Sq Ft

5% Below List Price

29 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Private Lot
  • Beverly Farms Elementary School Rated A
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of November 2017

WELCOME TO THIS GORGEOUS LUXURY MANOR TOWNHOME! LARGEST MODEL LIVES LIKE A SF - MAIN LEVEL FEATURES LIVING RM, FORMAL DINING RM, UPDATED KITCHEN (MAPLE, STAINLESS & GRANITE) PLUS A TWO STORY FAMILY RM. UPSTAIRS HAS A GRACIOUS MBR W/CATHEDRAL CLNGS & LUXURY BATH, 2 GUEST BR'S + LOFT OVERLOOKING THE FR. BEAUTIFULLY FINISHED BSMT W/REC RM W/2ND FRPL, 4TH BR & 3RD FB. SLATE PATIO & PRIVATE SETTING.

Last Agent to Sell the Property

Philip Kelley

Compass License #SP40000516 Listed on: 09/29/2017

Compass

Last Buyer's Agent

Thomas Paolini

Redfin Corp License #SP98368347

Redfin Corp

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,503

Year Built

  • Built in 1985

Lot Details

  • 3,595 Sq Ft Lot
  • Backs To Open Common Area
  • Two or More Common Walls
  • Landscaped
  • Premium Lot
  • The property's topography is level
  • Backs to Trees or Woods
  • Property is in very good condition

HOA Fees

  • $94 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Front

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Treatments
  • Sliding Doors
  • Six Panel Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Game Room
  • Wood Flooring
  • Views of Woods
  • Home Security System

Kitchen

  • Breakfast Room
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Outdoor Features

  • Patio

Schools

  • Beverly Farms Elementary School
  • Herbert Hoover Middle School
  • Winston Churchill High School

Utilities

  • Humidifier
  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 161002333106

Community Details

Overview

  • Association fees include common area maintenance, management, snow removal
  • Built by WILLIAM L BERRY
  • Fallsberry Community
  • Fallsberry Subdivision
  • The community has rules related to alterations or architectural changes

Recreation

  • Tennis Courts
  • Community Playground
  • Jogging Path

Additional Features

  • Common Area
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,503

Year Built

Built in 1985

Lot Details

0

HOA Fees

$94 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1985
  • Remarks Public: WELCOME TO THIS GORGEOUS LUXURY MANOR TOWNHOME! LARGEST MODEL LIVES LIKE A SF - MAIN LEVEL FEATURES LIVING RM, FORMAL DINING RM, UPDATED KITCHEN (MAPLE, STAINLESS & GRANITE) PLUS A TWO STORY FAMILY RM. UPSTAIRS HAS A GRACIOUS MBR W/CATHEDRAL CLNGS & LUXURY BATH, 2 GUEST BR'S + LOFT OVERLOOKING THE FR. BEAUTIFULLY FINISHED BSMT W/REC RM W/2ND FRPL, 4TH BR & 3RD FB. SLATE PATIO & PRIVATE SETTING.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Icemaker, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stove, Washer
  • Interior Amenities: Breakfast Area, Dining Area, Primary Bath(s), Upgraded Countertops, Window Treatments, Wood Floors, Recessed Lighting, Floor Plan - Open
  • Window Features: Double Pane, Skylights, Vinyl Clad
  • Fireplace Features: Screen, Fireplace - Glass Doors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Door Features: Six Panel, Sliding Glass
  • Wall Ceiling Types: 2 Story Ceilings, Cathedral Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Foyer, Breakfast Room, Laundry, Loft
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2897
  • Living Area Sq Ft: 2897
  • Price Per Sq Ft: 318.62
  • Above Grade Finished Sq Ft: 2197
  • Below Grade Finished Sq Ft: 700
  • Total Below Grade Sq Ft: 700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12125

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination, Brick Front
  • Pool Private: No
  • View: Trees/Woods
  • View: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Refuse: 275.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Humidifier
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Fiber Optics Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 283.25
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Tennis Courts, Tot Lots/Playground, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BEVERLY FARMS
  • Middle School: HERBERT HOOVER
  • High School: WINSTON CHURCHILL
  • School District Key: 121138126809
  • Elementary School: BEVERLY FARMS
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Lot Features: Backs To Trees, Backs - Open Common Area, Landscaping, Premium, Private
  • Lot Size Acres: 0.08
  • Lot Size Area: 3595
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3595.00
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Topography: Level
  • Year Assessed: 2017
  • Zoning: PD3

Building Info

  • Builder Name: WILLIAM L BERRY

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13990201
  • Tax Annual Amount: 7502.60
  • Assessor Parcel Number: 161002333106
  • Tax Lot: 38
  • Tax Total Finished Sq Ft: 2197
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 11/30/2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Nov 30, 2017
Sold by
Schwartzman Judy G
Bought by
Adam Shapoutian and Adam Michelle Shapoutian
Seller's Agent
Philip Kelley
Compass
Buyer's Agent
Thomas Paolini
Redfin Corp
List Price
$725,000
Sold Price
$690,000
Premium/Discount to List
-$35,000
-4.83%
Total Days on Market
29
Current Estimated Value
$1,009,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,723
Avg. Annual Appreciation
5.19%
Original Mortgage
$552,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2007
Sold by
Bargamian Louise G Tr
Bought by
Schwartzman Judy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2007
Sold by
Bargamian Louise G Tr
Bought by
Schwartzman Judy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 1999
Sold by
Bargamian Louise G
Bought by
Bargamian Louise G Tr
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer $690,000 Gpn Title Inc
Deed $632,000 --
Deed $632,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 Balloon
Closed $552,000 New Conventional
Closed $253,297 Stand Alone Refi Refinance Of Original Loan
Closed $250,000 Purchase Money Mortgage
Closed $250,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2017 11/30/17 Sold $690,000 -1.4% $238 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
10/09/2017 10/09/17 Price Changed $700,000 -3.4% $242 / Sq Ft
09/29/2017 09/29/17 For Sale $725,000 -- $250 / Sq Ft
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 $9,388 $762,733 $0 $0
2023 $8,100 $712,767 $0 $0
2022 $5,342 $662,800 $250,000 $412,800
2021 $6,993 $659,900 $0 $0
2020 $13,987 $657,000 $0 $0
2019 $6,933 $654,100 $250,000 $404,100
2018 $6,690 $633,233 $0 $0
2017 $6,482 $612,367 $0 $0
2016 $5,647 $591,500 $0 $0
2015 $5,647 $582,067 $0 $0
2014 $5,647 $572,633 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001008353

Bright MLS

APN: 10-02333106