NOT LISTED FOR SALE

The Park Potomac Place 12500 Park Potomac Ave Unit 406 Potomac, MD 20854

Estimated Value: $1,175,000 - $1,306,000

2 Beds
2.5 Baths
1,752 Sq Ft
$980/mo HOA Fee

Last Sold May 31, 2018

Last sale price $950,000 $542 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $8,680/month

59 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Open Floorplan
  • Ritchie Park Elementary School Rated A
  • Gourmet Kitchen
  • 3-minute walk to Park Potomac Tot Lot

About This Home

As of May 2018

Luxury 2 BR 2.5 Bath plus den condo in Sought after Park Potomac! Hardwood floors in the kitchen, LR,DR and Study. Gourmet kitchen with Sub Zero and Viking appliances. Master suite includes walk in closet and spa like bathroom including extra large shower. 2nd BR with en-suite bath. Condo Includes garage parking spot and temp controlled storage. Steps to shopping *2 Parking Spots Convey!*

Last Agent to Sell the Property

Jane Fairweather

Long & Foster Real Estate, Inc. Listed on: 03/12/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Nancy Itteilag

Washington Fine Properties, LLC License #0225042819

Washington Fine Properties, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,573

Year Built

  • Built in 2008

HOA Fees

  • $980 Monthly HOA Fees

Parking

  • 2 Subterranean Spaces

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,752 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Family Room Off Kitchen
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • 60 Gallon+ Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160403634521
  • $350 Front Foot Fee per year

Community Details

Overview

  • Association fees include gas, lawn maintenance, management, insurance, pool(s), reserve funds, snow removal, trash
  • High-Rise Condominium
  • Park Potomac Codm Subdivision, Eaton Floorplan
  • Park Potomac Lan Community
  • The community has rules related to covenants

Amenities

  • Concierge
  • Meeting Room
  • Party Room
  • Guest Suites

Recreation

Security

  • Security Service
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,573

Year Built

Built in 2008

Lot Details

0

HOA Fees

$980 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2008
  • Remarks Public: Luxury 2 BR 2.5 Bath plus den condo in Sought after Park Potomac! Hardwood floors in the kitchen, LR,DR and Study. Gourmet kitchen with Sub Zero and Viking appliances. Master suite includes walk in closet and spa like bathroom including extra large shower. 2nd BR with en-suite bath. Condo Includes garage parking spot and temp controlled storage. Steps to shopping *2 Parking Spots Convey!*
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Kitchen - Gourmet, Family Room Off Kitchen, Kitchen - Island, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1752
  • Living Area Sq Ft: 1752
  • Price Per Sq Ft: 567.92
  • Above Grade Finished Sq Ft: 1752
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Garage
  • Garage Features: Underground

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Hot Water
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric
  • Security: Desk In Lobby
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 980.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Guest Suites, Meeting Room, Party Room, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Gas, Lawn Maintenance, Management, Insurance, Pool(s), Reserve Funds, Snow Removal, Trash
  • HOA Condo Co-Op Rules: Covenants
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809

Lot Info

  • Improvement Assessed Value: 665000.00
  • Land Assessed Value: 285000.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: I3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14111507
  • Tax Annual Amount: 9572.64
  • Assessor Parcel Number: 160403634521
  • Tax Total Finished Sq Ft: 1752
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 05/31/2018

Multi Family

  • Front Foot Fee: 350.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
May 31, 2018
Sold by
Chiet Arnold and Chiet Wanda
Bought by
Levitan Roselyn and Levitan Roselyn Levitan
Seller's Agent
Jane Fairweather
Long & Foster Real Estate, Inc.
Buyer's Agent
Nancy Itteilag
Washington Fine Properties, LLC
List Price
$1,095,000
Sold Price
$950,000
Premium/Discount to List
-$145,000
-13.24%
Current Estimated Value
$1,222,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,000
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Oct 28, 2013
Sold by
Kasser Joseph and Kasser Charise
Bought by
Chiet Arnold and Chiet Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2013
Sold by
Kasser Joseph
Bought by
Kasser Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2008
Sold by
Park Potomac Codm 2 Llc
Bought by
Kasser Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.49%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 28, 2008
Sold by
Park Potomac Codm 2 Llc
Bought by
Kasser Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.49%
Mortgage Type
Stand Alone Second
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
Levitan Roselyn $950,000 None Available
Chiet Arnold $920,000 Westcor Land Title Ins Co
Kasser Joseph -- Associates Title Agency Inc
Kasser Joseph $913,642 --
Kasser Joseph $913,642 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chiet Arnold $620,000
Previous Owner Kasser Joseph $380,750
Previous Owner Kasser Joseph $75,000
Previous Owner Kasser Joseph $70,000
Previous Owner Kasser Joseph $400,000
Previous Owner Kasser Joseph $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $950,000 -4.5% $542 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
04/18/2018 04/18/18 Price Changed $995,000 -2.5% $568 / Sq Ft
04/03/2018 04/03/18 Price Changed $1,020,000 -6.8% $582 / Sq Ft
03/12/2018 03/12/18 For Sale $1,095,000 -- $625 / 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 $11,411 $988,333 $0 $0
2023 $10,285 $950,000 $285,000 $665,000
2022 $9,822 $950,000 $285,000 $665,000
2021 $9,811 $950,000 $285,000 $665,000
2020 $19,632 $950,000 $285,000 $665,000
2019 $18,996 $921,667 $0 $0
2018 $9,869 $893,333 $0 $0
2017 $8,881 $865,000 $0 $0
2016 $7,625 $830,000 $0 $0
2015 $7,625 $795,000 $0 $0
2014 $7,625 $760,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jane Fairweather

    Seller's Agent in 2018

    Jane Fairweather

    Long & Foster

    (240) 223-4663

    19 in this area

    262 Total Sales

    Section Image
  • Nancy Itteilag

    Buyer's Agent in 2018

    Nancy Itteilag

    Washington Fine Properties, LLC

    (202) 905-7762

    18 in this area

    145 Total Sales

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About The Park Potomac Place

Map

Source: Bright MLS

MLS Number: 1000257054

Bright MLS

APN: 04-03634521

Maryland Montgomery County Potomac 20854

12500 Park Potomac Ave Unit 406, Potomac, MD

This home is located at 12500 Park Potomac Ave Unit 406, Potomac, MD 20854 since 12 March 2018 and is currently estimated at $1,222,000, approximately $697 per square foot. This property was built in 2008. 12500 Park Potomac Ave Unit 406 is a home located in Montgomery County with nearby schools including Ritchie Park Elementary School, Julius West Middle School, and Richard Montgomery High School.

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