NOT LISTED FOR SALE

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

Estimated Value: $671,000 - $772,000

2 Beds
2 Baths
1,116 Sq Ft
$970/mo HOA Fee

Last Sold December 20, 2021

Last sale price $600,000 $538 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,363/month

Highlights

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

About This Home

As of December 2021

Fabulous 1,116 sq. ft. 2 bedroom 2 bath on the main floor in this sought after condo complex. South facing apartment has been freshly painted and has new carpet in the bedrooms, new commodes in both bathrooms. Garage parking and storage unit included. Move in ready!

Last Agent to Sell the Property

Kristen Gerlach

Gerlach real estate, inc. License #RB00094461 Listed on: 12/11/2021

Last Buyer's Agent

Wendy Lord

Compass License #651273

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,817

Year Built

  • Built in 2006

Lot Details

  • 44

HOA Fees

  • $970 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 1,116 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Ceiling Fan

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage
  • Playground
  • Play Equipment

Utilities

  • Forced Air Heating and Cooling System
  • Private Water Source
  • Private Sewer

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 160403580440

Community Details

Overview

  • Association fees include snow removal, sewer, water, trash, lawn maintenance, insurance
  • High-Rise Condominium
  • Park Potomac Condos, Phone Number (301) 545-1756
  • Park Potomac Codm Subdivision
  • Property Manager

Amenities

  • Concierge
  • Meeting Room
  • Party Room
  • Community Storage Space

Recreation

  • Community Playground

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,817

Year Built

Built in 2006

Lot Details

0

HOA Fees

$970 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Expected On Market: 2021-12-11
  • Federal Flood Zone: No
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fabulous 1,116 sq. ft. 2 bedroom 2 bath on the main floor in this sought after condo complex. South facing apartment has been freshly painted and has new carpet in the bedrooms, new commodes in both bathrooms. Garage parking and storage unit included. Move in ready!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Interior Amenities: Kitchen - Gourmet, Carpet, Ceiling Fan(s), Entry Level Bedroom, Flat, Floor Plan - Traditional, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1116
  • Living Area Sq Ft: 1116
  • Price Per Sq Ft: 546.59
  • Above Grade Finished Sq Ft: 1116
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Play Area, Play Equipment, Secure Storage, Street Lights
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Inside Access, Underground
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: 24 Hour Security, Desk In Lobby
  • Sewer/Septic System: Private Sewer
  • Water Source: Private/Community Water
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 970.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Potomac
  • Condo Co-Op Phone: 301-545-1756
  • HOA Condo Co-Op Amenities: Club House, Concierge, Extra Storage, Elevator, Exercise Room, Party Room, Pool - Outdoor, Meeting Room, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Snow Removal, Sewer, Water, Trash, Lawn Maintenance, Insurance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 367500.00
  • Land Assessed Value: 157500.00
  • Land Use Code: U
  • Property Condition: Excellent, Very Good
  • Year Assessed: 2021
  • Zoning: I3
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14104930
  • Tax Annual Amount: 5817.00
  • Assessor Parcel Number: 160403580440
  • Tax Total Finished Sq Ft: 1116
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/20/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Dec 20, 2021
Sold by
Becker Mark and Packman Linda B
Bought by
Gail P Mendelson Revocable Trust
Seller's Agent
Kristen Gerlach
Gerlach real estate, inc.
Buyer's Agent
Wendy Lord
Compass
List Price
$610,000
Sold Price
$600,000
Premium/Discount to List
-$10,000
-1.64%
Current Estimated Value
$728,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,225
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Mar 9, 2014
Closed on
Jun 17, 2014
Sold by
Yee Kim Yeong
Bought by
David Becker Residuary Trust
Seller's Agent
Jinny Choi
Realty 1 Maryland, LLC
Buyer's Agent
Alvin Atlas
Long & Foster Real Estate, Inc.
List Price
$599,900
Sold Price
$550,000
Premium/Discount to List
-$49,900
-8.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.16%

Purchase Details

Closed on
May 12, 2009
Sold by
Yim Christopher
Bought by
Yee Kim Yeong
Source: Public Records

Range of Values:

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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
Gail P Mendelson Revocable Trust $600,000 Capitol Title Group
Gail P Mendelson Revocable Trust $600,000 New Title Company Name
David Becker Residuary Trust $550,000 Commonwealth Land Title
Yee Kim Yeong -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Yeong Yee $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $600,000 -1.6% $538 / Sq Ft
12/11/2021 12/11/21 For Sale $610,000 +10.9% $547 / Sq Ft
06/17/2014 06/17/14 Sold $550,000 -8.3% $493 / Sq Ft
05/07/2014 05/07/14 Pending -- -- --
03/09/2014 03/09/14 For Sale $599,900 -- $538 / 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 $6,154 $538,333 -- --
2024 $6,154 $531,667 $0 $0
2023 $6,080 $525,000 $157,500 $367,500
2022 $5,824 $525,000 $157,500 $367,500
2021 $5,817 $525,000 $157,500 $367,500
2020 $5,819 $525,000 $157,500 $367,500
2019 $5,724 $516,667 $0 $0
2018 $5,643 $508,333 $0 $0
2017 $5,470 $500,000 $0 $0
2016 $5,372 $473,333 $0 $0
2015 $5,372 $446,667 $0 $0
2014 $5,372 $420,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristen Gerlach

    Seller's Agent in 2021

    Kristen Gerlach

    Gerlach real estate, inc.

    (301) 254-8686

    3 in this area

    28 Total Sales

    Kristen Gerlach
    Section Image
  • Wendy Lord

    Buyer's Agent in 2021

    Wendy Lord

    Compass

    (301) 789-8114

    43 in this area

    73 Total Sales

    Wendy Lord
    Section Image
  • Jinny Choi

    Seller's Agent in 2014

    Jinny Choi

    Realty 1 Maryland, LLC

    (301) 318-4242

    147 Total Sales

    Jinny Choi
    Section Image

  • A

    Buyer's Agent in 2014

    Alvin Atlas

    Long & Foster

See All Agents

About The Park Potomac Place

Map

Source: Bright MLS

MLS Number: MDMC2026742

Bright MLS

APN: 04-03580440

Maryland Montgomery County Potomac 20854

12500 Park Potomac Ave, Potomac, MD

This home is located at 12500 Park Potomac Ave, Potomac, MD 20854 since 11 December 2021 and is currently estimated at $728,225, approximately $652 per square foot. This property was built in 2006. 12500 Park Potomac Ave 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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