NOT LISTED FOR SALE

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

Estimated Value: $1,260,000 - $1,337,000

2 Beds
2.5 Baths
2,010 Sq Ft
$1,398/mo HOA Fee

Last Sold May 23, 2023

Last sale price $1,200,000 $597 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,342/month

26 Days on Market

Highlights

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

About This Home

As of May 2023

The BEST of PARK POTOMAC PLACE. Luxury Living in Park Potomac! This sun-filled 2 Bed/2.5 Bath PLUS library/den 2,010 square ft corner unit is drenched with natural light and is the perfect combination of elegance and convenience. The prime location offers a grand scale opportunity for entertainment and living with the best of Potomac restaurants, retail, grocery, coffee shops, and fitness centers right outside your door. This favorite model is a thoughtfully designed open floor plan with an enlarged living room with three sets of windows and a dining area that easily seats over 10. The spacious eat-in chef’s kitchen with breakfast bar doubles as another living area to enjoy the sun-filled Juliet balcony while watching tv or working on the computer. Off the living room is the large library/den with direct access to the one of the largest building's balcony/terrace with privacy wall and overlooks the park of Park Potomac with verdant views! The owner’s suite has windows and glass doors on two sides with direct access to the large balcony and terrace. Although the primary bedroom is large enough for two dressers and a reading chair, the double walk-in closets have been professionally designed to accommodate garments and accessories for two! Allowing for owner's privacy you will find the second bedroom located on the other side of the unit equipped with a built in double sized Murphy bed and customized built in desk for the perfect home office. The guest bedroom has a full en suite bathroom and features two closets, both with professionally designed organizers. You will love the neutral toned freshly painted rooms and the electric fireplace which provides a dramatic flair which is a rarity to Park Potomac Place. Other highlights include the generous foyer offering a sophisticated wallpapered powder room and coat closet, a generous sized laundry room with a full-size washer and dryer, sink and ample storage space, The unit conveys 2 car parking on G2, and a private storage room. The community amenities are full-service including 24-hour concierge service, on-site management, building engineer, porter, professionally landscaped grounds, elegant clubroom, private courtyards, an outdoor pool, fitness center, two guest suites, and guest parking. Residents enjoy the convenience of a great collection of retail businesses including Starbucks, Walgreens, two banks, and dining options including Harris Teeter, Founding Farmers, Gringos & Mariachis, and the new popular King Street Oyster Bar, with direct access to I-270 and commuter routes to Bethesda, Downtown DC and Virginia and three international airports.

Last Agent to Sell the Property

Christy Bakaly

(301) 412-8830 christy.bakaly@compass.com Compass License #605541 Listed on: 03/17/2023

Compass

Last Buyer's Agent

Karen Friedman

(301) 213-6327 karen.friedman@longandfoster.com Long & Foster Real Estate, Inc. License #SP98378444

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,058

Year Built

  • Built in 2006

Lot Details

  • 44

HOA Fees

  • $1,398 Monthly HOA Fees

Parking

  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Transitional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 2,010 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Electric Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Formal Dining Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Room
  • Built-In Oven
  • Six Burner Stove
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160403580542

Community Details

Overview

  • Association fees include bus service, exterior building maintenance, gas, insurance, pool(s), reserve funds, sewer, snow removal, trash, recreation facility
  • High-Rise Condominium
  • Park Potomac Place Condos
  • Park Potomac Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Game Room
  • Community Center
  • Meeting Room
  • Party Room
  • Guest Suites
  • Elevator

Recreation

  • Community Playground

Pet Policy

  • Limit on the number of pets

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,058

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,398 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
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Cooktop, Dryer, Microwave, Oven - Wall, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer
  • Entry Floor: 2
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Combination Dining/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Soaking Tub, Stall Shower, Tub Shower, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplace Features: Electric, Fireplace - Glass Doors, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Breakfast Room, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
  • Total Sq Ft: 2010
  • Living Area Sq Ft: 2010
  • Price Per Sq Ft: 597.01
  • Above Grade Finished Sq Ft: 2010
  • 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: Brick
  • 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, Covered Parking, Garage - Rear Entry, Garage Door Opener, Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Desk In Lobby, Main Entrance Lock, Resident Manager, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1398.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Potomac Place
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Concierge, Elevator, Fitness Center, Game Room, Guest Suites, Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Bus Service, Ext Bldg Maint, Gas, Insurance, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash, Recreation Facility
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 763000.00
  • Land Assessed Value: 327000.00
  • Outdoor Living Structures: Balcony
  • Zoning: I3
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14104920
  • Tax Annual Amount: 12058.00
  • Assessor Parcel Number: 160403580542
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
May 23, 2023
Sold by
Dunn Bradford R
Bought by
Wagner Sylvia
Seller's Agent
Christy Bakaly
Compass
Buyer's Agent
Karen Friedman
Long & Foster Real Estate, Inc.
List Price
$1,200,000
Sold Price
$1,200,000
Views
251
Current Estimated Value
$1,297,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,596
Avg. Annual Appreciation
3.14%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wagner Sylvia $1,200,000 Title Resource Guaranty Compan
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2023 05/23/23 Sold $1,200,000 0.0% $597 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $1,200,000 -- $597 / 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 $13,349 $1,223,333 -- --
2024 $13,349 $1,156,667 $0 $0
2023 $13,282 $1,090,000 $327,000 $763,000
2022 $8,785 $1,090,000 $327,000 $763,000
2021 $22,709 $1,090,000 $327,000 $763,000
2020 $21,496 $1,090,000 $327,000 $763,000
2019 $21,496 $1,035,000 $0 $0
2018 $10,826 $980,000 $0 $0
2017 $9,398 $925,000 $0 $0
2016 -- $875,000 $0 $0
2015 $8,268 $825,000 $0 $0
2014 $8,268 $775,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christy Bakaly

    Seller's Agent in 2023

    Christy Bakaly

    Compass

    (301) 412-8830

    33 in this area

    79 Total Sales

    Christy Bakaly
    Section Image
  • Karen Friedman

    Buyer's Agent in 2023

    Karen Friedman

    Long & Foster

    (301) 213-6327

    7 in this area

    39 Total Sales

    Karen Friedman
    Section Image
  • Debora Leyba

    Buyer Co-Listing Agent in 2023

    Debora Leyba

    Long & Foster

    (301) 461-2429

    6 in this area

    32 Total Sales

    Debora Leyba
    Section Image
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About The Park Potomac Place

Map

Source: Bright MLS

MLS Number: MDMC2084280

Bright MLS

APN: 04-03580542

Maryland Montgomery County Potomac 20854

12500 Park Potomac Ave, Potomac, MD

Not Listed for Sale

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