The Park Potomac Place 12500 Park Potomac Ave Potomac, MD 20854
2
Beds
2.5
Baths
1,485
Sq Ft
$1,005/mo
HOA Fee
Highlights
- Concierge
- Fitness Center
- Guest Suites
- Ritchie Park Elementary School Rated A
- Traditional Architecture
- 3-minute walk to Park Potomac Tot Lot
About This Home
As of August 2022This home is located at 12500 Park Potomac Ave, Potomac, MD 20854 and is currently priced at $925,000, approximately $622 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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,445
Year Built
- Built in 2006
HOA Fees
- $1,005 Monthly HOA Fees
Parking
- Basement Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 1,485 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Public Septic
Listing and Financial Details
- Assessor Parcel Number 160403580690
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, gas, health club, insurance, pool(s)
- Park Potomac Condominiums I HOA
- High-Rise Condominium
- Park Potomac Codm Subdivision
Amenities
- Concierge
- Picnic Area
- Meeting Room
- Party Room
- Guest Suites
Recreation
- Community Playground
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2022
Closed on
Aug 25, 2022
Sold by
Betty Myers Revocable Trust
Bought by
Frome Kathryn Joan and Frome David H
Seller's Agent
Wendy Lord
Compass
Buyer's Agent
Margie Halem
Compass
List Price
$825,000
Sold Price
$925,000
Premium/Discount to List
$100,000
12.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.15%
Original Mortgage
$681,750
Outstanding Balance
$647,196
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$363,512
Purchase Details
Listed on
Oct 18, 2016
Closed on
Nov 30, 2016
Sold by
Mehra Naval K and The Nam Declaration Of Trust
Bought by
The Betty Myers Revocable Trust
Seller's Agent
Christy Bakaly
Compass
Buyer's Agent
Wendy Lord
Compass
List Price
$795,000
Sold Price
$795,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%
Purchase Details
Closed on
Nov 30, 2011
Sold by
Golabi Parviz
Bought by
Mehra Naval K and The Nam Declaration Of Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Potomac, MD
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $925,000 | -- | |
| Deed | $795,000 | Rgs Title Llc | |
| Deed | $585,000 | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $681,750 | New Conventional | |
| Previous Owner | $468,000 | Purchase Money Mortgage | |
| Previous Owner | $400,000 | Credit Line Revolving | |
| Previous Owner | $550,000 | Stand Alone Second | |
| Previous Owner | $559,120 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $1,195,000 | +29.2% | $805 / Sq Ft |
| 08/31/2022 08/31/22 | Sold | $925,000 | +12.1% | $623 / Sq Ft |
| 07/08/2022 07/08/22 | Pending | -- | -- | -- |
| 07/08/2022 07/08/22 | For Sale | $825,000 | +3.8% | $556 / Sq Ft |
| 11/30/2016 11/30/16 | Sold | $795,000 | 0.0% | $535 / Sq Ft |
| 11/03/2016 11/03/16 | Pending | -- | -- | -- |
| 10/18/2016 10/18/16 | For Sale | $795,000 | -- | $535 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $9,799 | $848,333 | $0 | $0 |
| 2023 | $8,902 | $830,000 | $249,000 | $581,000 |
| 2022 | $8,130 | $796,667 | $0 | $0 |
| 2021 | $15,882 | $763,333 | $0 | $0 |
| 2020 | $7,389 | $730,000 | $219,000 | $511,000 |
| 2019 | $14,328 | $710,000 | $0 | $0 |
| 2018 | $7,622 | $690,000 | $0 | $0 |
| 2017 | $7,253 | $670,000 | $0 | $0 |
| 2016 | -- | $628,333 | $0 | $0 |
| 2015 | -- | $586,667 | $0 | $0 |
| 2014 | -- | $545,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Margie Halem
Seller's Agent in 2025
Margie Halem
Compass
(301) 775-4196
31 in this area
310 Total Sales
-
Wendy Lord
Seller's Agent in 2022
Wendy Lord
Compass
(301) 789-8114
39 in this area
68 Total Sales
-
Christy Bakaly
Seller's Agent in 2016
Christy Bakaly
Compass
(301) 412-8830
35 in this area
85 Total Sales
About The Park Potomac Place
Map
Source: Bright MLS
MLS Number: MDMC2060018
APN: 04-03580690
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