NOT LISTED FOR SALE

The Park Potomac Place 12500 Park Potomac Ave Unit 702 Potomac, MD 20854

Estimated Value: $1,944,486 - $2,053,000

2 Beds
2.5 Baths
1,745 Sq Ft
$1,356/mo HOA Fee

Last Sold March 29, 2023

Last sale price $1,060,000 $607 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $13,643/month

17 Days on Market

Highlights

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

About This Home

As of March 2023

This upscale condominium, with an unparalleled location, is truly well managed. Enjoy the bright space in this corner unit with open floor plan and private balcony. This unit has an added bonus of 2 storage rooms (S131 & S132), both well located next to the 2 assigned parking spaces G2-127 & G2-128). Beautiful wood floors, stainless appliances, neutral and freshly painted throughout! Enjoy all the amenities that Park Potomac Places offers: 24hr front desk/concierge, on-site manager, swimming pool, patio & grill area, beautiful grounds, fitness center, party room with catering kitchen, meeting room, guest parking. Guest suites available, pet friendly. Located just steps to restaurants, grocery stores, coffee shops, retail, plus easy access to major roads. Don't miss this one!

Last Agent to Sell the Property

Sharon Gross

(240) 994-8959 sharongross@lnf.com Long & Foster Real Estate, Inc. License #584729 Listed on: 02/10/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Leslie Friedson

(301) 455-4506 leslie@thefriedsongroup.com Compass License #504495

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,231

Year Built

  • Built in 2008

Lot Details

  • 44

HOA Fees

  • $1,356 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry

Home Design

  • Transitional Architecture
  • Entry on the 7th floor

Interior Spaces

  • 1,745 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Schools

  • Ritchie Park Elementary School
  • Julius West Middle School
  • Richard Montgomery High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160403634758

Community Details

Overview

  • Association fees include common area maintenance, pool(s), trash, water, gas
  • High-Rise Condominium
  • Park Potomac Condos
  • Park Potomac Codm Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room
  • Guest Suites

Recreation

  • Community Playground

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,231

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,356 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Transitional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-02-10
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 7
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Floor Plan - Open, Walk-In Closet(s), Wood Floors
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1745
  • Living Area Sq Ft: 1745
  • Price Per Sq Ft: 627.51
  • Above Grade Finished Sq Ft: 1745
  • Above Grade Finished Area Units: Square Feet

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, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 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: 1356.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Potomac
  • HOA Condo Co-Op Amenities: Fitness Center, Party Room, Pool - Outdoor, Security, Tot Lots/Playground, Concierge, Guest Suites
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Trash, Water, Gas
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: RITCHIE PARK
  • High School: RICHARD MONTGOMERY
  • Middle Or Junior School: JULIUS WEST

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 710500.00
  • Land Assessed Value: 304500.00
  • Zoning: I3
  • In City Limits: No

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14111490
  • Tax Annual Amount: 11231.00
  • Assessor Parcel Number: 160403634758
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2020
Sold by
Greenberg Don P and Greenberg Randy L
Bought by
Greenberg Don P and Greenberg Randy L
Current Estimated Value
$2,014,162

Purchase Details

Listed on
Mar 14, 2012
Closed on
Jul 31, 2012
Sold by
Elliott Randall T and Palestine Roberta F
Bought by
Greenberg Don P and Greenberg Randy L
Seller's Agent
Zelda Heller
Long & Foster Real Estate, Inc.
Buyer's Agent
Diane Leach
Long & Foster Real Estate, Inc.
List Price
$1,850,000
Sold Price
$1,725,000
Premium/Discount to List
-$125,000
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
Mar 12, 2007
Sold by
Park Potomac Codm 1 Llc
Bought by
Elliott Randall T and Palestine Roberta F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,264,280
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2007
Sold by
Park Potomac Codm 1 Llc
Bought by
Elliott Randall T and Palestine Roberta F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,264,280
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
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
Greenberg Don P -- None Available
Greenberg Don P $1,725,000 Commonwealth Land Title Insu
Elliott Randall T $1,945,049 --
Elliott Randall T $1,945,049 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Randall T $1,264,280
Previous Owner Elliott Randall T $1,264,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2023 03/29/23 Sold $1,060,000 -3.2% $607 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $1,095,000 -36.5% $628 / Sq Ft
07/31/2012 07/31/12 Sold $1,725,000 -6.8% $530 / Sq Ft View Prior Sale
05/14/2012 05/14/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $1,850,000 -- $569 / 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
2025 $20,179 $1,760,000 -- --
2024 $20,179 $1,750,000 $0 $0
2023 $19,387 $1,740,000 $522,000 $1,218,000
2022 $14,024 $1,740,000 $522,000 $1,218,000
2021 $37,041 $1,740,000 $522,000 $1,218,000
2020 $37,062 $1,740,000 $522,000 $1,218,000
2019 $36,529 $1,716,667 $0 $0
2018 $18,706 $1,693,333 $0 $0
2017 $18,351 $1,670,000 $0 $0
2016 $15,497 $1,653,333 $0 $0
2015 $15,497 $1,636,667 $0 $0
2014 $15,497 $1,620,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Gross

    Seller's Agent in 2023

    Sharon Gross

    Long & Foster

    (240) 994-8959

    6 in this area

    34 Total Sales

    Sharon Gross
    Section Image
  • Leslie Friedson

    Buyer's Agent in 2023

    Leslie Friedson

    Compass

    (301) 455-4506

    40 in this area

    191 Total Sales

    Leslie Friedson
    Section Image
  • Kenneth Maites

    Buyer Co-Listing Agent in 2023

    Kenneth Maites

    Compass

    (301) 785-3046

    7 in this area

    67 Total Sales

    Kenneth Maites
    Section Image
  • Zelda Heller

    Seller's Agent in 2012

    Zelda Heller

    Long & Foster

    (202) 257-1226

    1 in this area

    25 Total Sales

    Zelda Heller
    Section Image
  • Michael Moore

    Seller Co-Listing Agent in 2012

    Michael Moore

    Compass

    (202) 262-7762

    102 Total Sales

    Michael Moore
    Section Image

  • D

    Buyer's Agent in 2012

    Diane Leach

    Long & Foster Real Estate, Inc.

    Section Image
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About The Park Potomac Place

Map

Source: Bright MLS

MLS Number: MDMC2080686

Bright MLS

APN: 04-03580941

Maryland Montgomery County Potomac 20854

12500 Park Potomac Ave Unit 702, Potomac, MD

Not Listed for Sale

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