NOT LISTED FOR SALE

12501 Palatine Ct Potomac, MD 20854

Estimated Value: $1,808,048 - $2,201,000

4 Beds
4.5 Baths
5,251 Sq Ft
$366/Sq Ft Est. Value

Last Sold May 24, 2018

Last sale price $1,220,000 $232 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $11,889/month

20 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Two Story Ceilings
  • Potomac Elementary School Rated A
  • Deck
  • Backs to Trees or Woods

About This Home

As of May 2018

Stunning home in prestigious Palatine Community! 2 acre lot on a quiet cul-de-sac featuring 4BR/4.5BA w/ fresh paint and hardwoods throughout. Open concept ML w/ grand 2 story entry leading to FR w/ stone FP and walk-out to huge deck perfect for entertaining. MBR retreat w/ balcony, FP, sitting room, w/in closet, and luxurious ensuite. Finished LL w/ full BA and rec space. Check out the 3D Tour!

Last Agent to Sell the Property

Nathan Dart

RE/MAX Realty Group License #514678 Listed on: 04/03/2018

RE/MAX Realty Group

Last Buyer's Agent

Xuri Wang

Hometown Elite Realty LLC License #BR200200254

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,177

Year Built

  • Built in 1995

Lot Details

  • 2 Acre Lot
  • Cul-De-Sac
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned RE2

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Brick Front

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Two Story Ceilings
  • Recessed Lighting
  • 2 Fireplaces
  • Screen For Fireplace
  • Double Pane Windows
  • French Doors
  • Family Room Off Kitchen
  • Dining Area
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 4.5 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Side Basement Entry
  • Basement with some natural light

Home Security

  • Home Security System
  • Intercom
  • Storm Doors

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Palatine Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 160602870596
  • $1,638 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,177

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1995
  • Remarks Public: Stunning home in prestigious Palatine Community! 2 acre lot on a quiet cul-de-sac featuring 4BR/4.5BA w/ fresh paint and hardwoods throughout. Open concept ML w/ grand 2 story entry leading to FR w/ stone FP and walk-out to huge deck perfect for entertaining. MBR retreat w/ balcony, FP, sitting room, w/in closet, and luxurious ensuite. Finished LL w/ full BA and rec space. Check out the 3D Tour!
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Oven - Double, Microwave, Refrigerator, Icemaker, Disposal, Dishwasher, Humidifier, Intercom
  • Interior Amenities: Family Room Off Kitchen, Dining Area, Kitchen - Eat-In, Primary Bath(s), Wood Floors, Recessed Lighting, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace Features: Screen
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Storm, French
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Dry Wall, High
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Side Entrance, Daylight, Partial, Full, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 5251
  • Living Area Sq Ft: 5251
  • Price Per Sq Ft: 307.15
  • Above Grade Finished Sq Ft: 4151
  • Below Grade Finished Sq Ft: 1100
  • Total Below Grade Sq Ft: 1100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12501

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front, Combination, Brick
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • 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: 586400.00
  • Land Assessed Value: 665500.00
  • Lot Features: Backs To Trees, Cul-De-Sac
  • Lot Size Acres: 2.00
  • Lot Size Area: 87120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13921723
  • Tax Annual Amount: 16177.12
  • Assessor Parcel Number: 160602870596
  • Tax Lot: 11
  • Tax Total Finished Sq Ft: 4151
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 05/24/2018

Multi Family

  • Front Foot Fee: 1638.50

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2018
Closed on
May 28, 2018
Sold by
Fasano Frankli D and Fasano Laurian P
Bought by
Zou Zhiqiang and Zhang Dana
Seller's Agent
Nathan Dart
RE/MAX Realty Group
Buyer's Agent
Xuri Wang
Hometown Elite Realty LLC
List Price
$1,275,000
Sold Price
$1,220,000
Premium/Discount to List
-$55,000
-4.31%
Current Estimated Value
$1,923,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,762
Avg. Annual Appreciation
6.99%
Original Mortgage
$854,000
Outstanding Balance
$729,428
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,265,187

Purchase Details

Closed on
Apr 19, 1999
Sold by
H Ronald W and H Averett K
Bought by
P Franklin D and P Fasano L

Purchase Details

Closed on
Jul 16, 1998
Sold by
Murray Denise
Bought by
H Ronald W and H Averett K
Source: Public Records

Range of Values:

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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
Zou Zhiqiang $1,220,000 None Available
P Franklin D $700,000 --
H Ronald W $720,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zou Zhigiang $100,000
Open Zou Zhiqiang $334,460
Open Zou Zhiqiang $854,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2018 05/24/18 Sold $1,220,000 -4.3% $232 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $1,275,000 -- $243 / 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 $17,140 $1,520,467 -- --
2024 $17,140 $1,426,300 $665,500 $760,800
2023 $15,543 $1,350,800 $0 $0
2022 $14,028 $1,275,300 $0 $0
2021 $13,121 $1,199,800 $665,500 $534,300
2020 $13,090 $1,199,800 $665,500 $534,300
2019 $12,960 $1,199,800 $665,500 $534,300
2018 $13,551 $1,251,900 $665,500 $586,400
2017 $15,485 $1,235,200 $0 $0
2016 -- $1,218,500 $0 $0
2015 $14,698 $1,201,800 $0 $0
2014 $14,698 $1,201,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000337996

Bright MLS

APN: 06-02870596