NOT LISTED FOR SALE

1303 Fallsmead Way Potomac, MD 20854

West Rockville Neighborhood

Estimated Value: $1,049,577 - $1,106,000

4 Beds
2.5 Baths
2,154 Sq Ft
$498/Sq Ft Est. Value

Last Sold August 07, 2018

Last sale price $785,000 $364 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,556/month

9 Days on Market

Highlights

  • Tennis Courts
  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Fallsmead Elementary School Rated A
  • 0.21 Acre Lot
  • Colonial Architecture

About This Home

As of August 2018

Welcome Home! You will love this wonderful 4 bedroom 2.5 baths Colonial Home the moment you cross the threshold. Everywhere you look you will see attention to detail. Your new home has tons of upgrades such as hardwood floors a new roof, new windows, new garage door, new Heater & HVAC system just to name a few of the upgrades. You will enjoy years of carefree living in this beautifully home.

Last Agent to Sell the Property

Philip Piantone

(301) 975-9500 Philip@LNF.com Long & Foster Real Estate, Inc. License #532555 Listed on: 06/30/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Yiqun Cen

(301) 840-8061 ycen9999@yahoo.com Evergreen Properties License #573971

Evergreen Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,383

Year Built

  • Built in 1969

Lot Details

  • 9,072 Sq Ft Lot
  • Back Yard Fenced
  • Property is in very good condition
  • Property is zoned R150

HOA Fees

  • $92 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Screen For Fireplace
  • Fireplace Mantel
  • Double Pane Windows
  • Sliding Doors
  • Combination Dining and Living Room
  • Wood Flooring
  • Storm Doors

Kitchen

  • Eat-In Gourmet Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Connecting Stairway
  • Basement with some natural light

Outdoor Features

  • Tennis Courts
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Tankless Water Heater

Community Details

  • Fallsmead Subdivision

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 160400242955

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,383

Year Built

Built in 1969

Lot Details

9,072 Sq Ft Lot

HOA Fees

$92 per month

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: 1969
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Microwave, Oven - Self Cleaning, Refrigerator, Washer, Water Heater - Tankless
  • Interior Amenities: Kitchen - Gourmet, Kitchen - Table Space, Combination Dining/Living, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace Features: Mantel(s), Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm, Sliding Glass
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Combination, Brick
  • Exterior Features: Street Lights, Tennis Court(s)
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Attached

Utilities

  • Refuse: 29.71
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1100.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 281500.00
  • Land Assessed Value: 369200.00
  • Lot Size Acres: 0.21
  • Lot Size Area: 9072
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9072.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: R150
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13822215
  • Tax Annual Amount: 9382.86
  • Assessor Parcel Number: 160400242955
  • Tax Lot: 74
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2018
Closed on
Aug 24, 2018
Sold by
Gelfeld William and Gelfeld Stephanie
Bought by
Ling Jiqiang and Luo Yifang
Seller's Agent
Philip Piantone
Long & Foster Real Estate, Inc.
Buyer's Agent
Yiqun Cen
Evergreen Properties
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Current Estimated Value
$1,071,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,644
Avg. Annual Appreciation
4.22%
Original Mortgage
$420,000
Outstanding Balance
$359,549
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$712,095

Purchase Details

Closed on
Apr 7, 2011
Sold by
Olcese J A M J and Olcese A D
Bought by
Gelfeld William and Gelfeld Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,898,500
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2011
Sold by
Olcese J A M J and Olcese A D
Bought by
Gelfeld William and Gelfeld Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,898,500
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1994
Sold by
Smith R
Bought by
Olcese J A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ling Jiqiang $785,000 First American Title Ins Co
Gelfeld William $735,000 --
Gelfeld William $735,000 --
Gelfeld William $735,000 --
Gelfeld William $735,000 --
Olcese J A $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ling Jiqiang $420,000
Previous Owner Gelfeld William $4,898,500
Previous Owner Gelfeld William $4,898,500
Previous Owner Olcese J A $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2018 08/07/18 Sold $785,000 -1.8% $364 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/30/2018 06/30/18 For Sale $799,000 -- $371 / Sq Ft
Source: Bright MLS

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 $11,516 $883,767 -- --
2024 $11,516 $810,933 $0 $0
2023 $9,764 $738,100 $387,700 $350,400
2022 $9,108 $708,967 $0 $0
2021 $8,744 $679,833 $0 $0
2020 $8,321 $650,700 $369,200 $281,500
2019 $8,336 $650,700 $369,200 $281,500
2018 $8,387 $650,700 $369,200 $281,500
2017 $8,718 $665,000 $0 $0
2016 -- $656,700 $0 $0
2015 $8,262 $648,400 $0 $0
2014 $8,262 $640,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip Piantone

    Seller's Agent in 2018

    Philip Piantone

    Long & Foster

    (301) 919-1700

    64 Total Sales

    Philip Piantone
    Section Image
  • Yiqun Cen

    Buyer's Agent in 2018

    Yiqun Cen

    Evergreen Properties

    (301) 332-3409

    1 in this area

    135 Total Sales

    Yiqun Cen
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001965350

Bright MLS

APN: 04-00242955

Maryland Montgomery County Potomac 20854 West Rockville

1303 Fallsmead Way, Potomac, MD

Not Listed for Sale

Detached

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