NOT LISTED FOR SALE

13314 Drews Ln Potomac, MD 20854

Estimated Value: $2,354,000 - $2,664,000

5 Beds
7 Baths
8,122 Sq Ft
$303/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $2,200,000 $271 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,834/month

82 Days on Market

Highlights

  • Open Floorplan
  • Dual Staircase
  • Deck
  • Potomac Elementary School Rated A
  • Cape Cod Architecture
  • Premium Lot

About This Home

As of November 2023

Stunning custom home sited on a prime .74-acre cul-de-sac lot in the idyllic Merry-Go-Round Farm community. This prestigious neighborhood boasts 81 custom built homes on a sprawling 204-acres, offering an equestrian center with groundkeepers and barn staff, miles of hiking and riding trails and views of the Potomac River.

A two-story foyer welcomes you to the spacious, thoughtfully designed interior offering hardwood floors, lofty 10’ ceilings, beautiful moldings and 10kw backup generator. Gracing the foyer is the formal living room with marble fireplace and formal dining room, each with walls of windows. The hall gallery leads to the grand family room with raised-hearth fieldstone fireplace, coffered ceiling, and multiple French doors leading to a covered patio. You’ll be delighted to cook and entertain in the gourmet kitchen equipped with six-burner Thermador range, oven, warming drawer, two dishwashers, desk area and large breakfast area all accessible to the large Ipe deck and back yard. Completing the main level is the private office with beautiful cherry bookcase, cabinetry and trim work A butler’s pantry and convenient mudroom with custom built-ins, side entry, second powder room and leads to oversized 3-car side-entry garage.

An elegant front staircase, as well as a private back staircase, leads to the Upper Level. There is a large guest suite with ensuite bedroom and sitting room, two additional large bedrooms with walk-in closets and bathrooms and an upper level study/library area great for homework station or second office space. A true retreat, the exceptional primary suite features a tray ceiling, two large walk-in closets, a spacious sitting area with French doors leading to a private covered porch….the perfect spot for morning coffee….and a spa inspired bath with soaking tub, dual vanities, large shower and separate toilet room.

The walk-out lower level complete with over 2,200 finished square feet is yours to enjoy hours of entertainment. The recreation and game area with fieldstone raised-hearth fireplace has French doors to the backyard. Enjoy watching movies and sporting events in the tiered home theater, serve drinks and snack in the wet bar and stay healthy in the spacious gym. Rounding out the lower level is a 5th bedroom, full bath, and two large storage rooms.

Located in the highly rated Churchill school district, offering easy access to the restaurants and shops at Potomac Village as well as major commuter routes. With its beautiful custom features, spacious layout, and desirable amenities, this is a truly remarkable home in an exclusive community.

Last Agent to Sell the Property

Wendy Banner

Compass License #0225162224 Listed on: 07/07/2023

Compass

Co-Listed By

Jody Aucamp

Compass License #651088

Last Buyer's Agent

Michael Matese

Compass License #0225046541

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,735

Year Built

  • Built in 2004

Lot Details

  • 0.74 Acre Lot
  • Backs To Open Common Area
  • Cul-De-Sac
  • Stone Retaining Walls
  • Back Yard Fenced
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned RE2C

HOA Fees

  • $429 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shake Roof
  • Passive Radon Mitigation
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Tray Ceiling
  • Two Story Ceilings
  • Recessed Lighting
  • 3 Fireplaces
  • Marble Fireplace
  • Stone Fireplace
  • Fireplace Mantel
  • Window Treatments
  • French Doors
  • Family Room Off Kitchen
  • Dining Area
  • Monitored

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Butlers Pantry
  • Built-In Oven
  • Gas Oven or Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Windows

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Rain Gutters
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidifier
  • Programmable Thermostat
  • 200+ Amp Service
  • Multi-Tank Natural Gas Water Heater
  • Grinder Pump

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 160603315887

Community Details

Overview

  • Association fees include lawn maintenance, trash, road maintenance, common area maintenance, reserve funds
  • Merry Go Round Farm HOA
  • Built by BUCHANAN HOMES
  • Merry Go Round Farm Subdivision, Nantucket Floorplan

Amenities

  • Common Area
  • Community Center

Recreation

  • Tennis Courts
  • Horse Trails
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,735

Year Built

Built in 2004

Lot Details

0

HOA Fees

$429 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-07-07
  • Year Built: 2004
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Central Vacuum, Dishwasher, Disposal, Dryer, Humidifier, Oven - Wall, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Kitchen - Island, Kitchen - Table Space, Dining Area, Built-Ins, Window Treatments, Primary Bath(s), Wet/Dry Bar, Wood Floors, Upgraded Countertops, Floor Plan - Open, Floor Plan - Traditional, Additional Stairway, Butlers Pantry, Central Vacuum, Crown Moldings, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
  • Fireplace Features: Mantel(s), Marble, Stone
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: Beamed Ceilings, Tray Ceilings, 9'+ Ceilings, 2 Story Ceilings
  • Foundation Details: Passive Radon Mitigation, Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance, Walkout Level, Windows
  • Laundry Type: Upper Floor
  • Total Sq Ft: 9298
  • Living Area Sq Ft: 8122
  • Price Per Sq Ft: 387.54
  • Above Grade Finished Sq Ft: 5922
  • Below Grade Finished Sq Ft: 2200
  • Below Grade Sq Ft: 1176
  • Total Below Grade Sq Ft: 3376
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 13314

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 4.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 4
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Gutter System, Stone Retaining Walls
  • Roof: Shake
  • 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
  • Garage Features: Garage - Side Entry, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat, Multi Units, Zoned
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Zoned, Programmable Thermostat, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Multi-Tank, 60+ Gallon Tank
  • Security: Monitored
  • Sewer/Septic System: Public Sewer, Grinder Pump
  • Water Source: Public
  • Internet Services: DSL, Fiber Optic

Condo/Co-op/Association

  • HOA Fees: 429.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Horse Trails, Jog/Walk Path, Tennis Courts, Common Grounds, Community Center
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Trash, Road Maintenance, Common Area Maintenance, Reserve Funds
  • HOA Name: MERRY GO ROUND FARM
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Fencing: Rear
  • Land Use Code: R
  • Lot Features: Backs - Open Common Area, Backs To Trees, Landscaping, Premium, Cul-De-Sac
  • Lot Size Acres: 0.74
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 32440.00
  • Outdoor Living Structures: Deck(s), Porch(es), Balcony
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RE2C
  • In City Limits: No

Building Info

  • Builder Name: BUCHANAN HOMES

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 20735.00
  • Assessor Parcel Number: 160603315887
  • Tax Lot: 7
  • Tax Total Finished Sq Ft: 8122
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 11/06/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Nov 6, 2023
Sold by
Olcott Douglas M and Olcott Jennifer
Bought by
Pappas Christopher M and Pappas Sarah
Seller's Agent
Wendy Banner
Compass
Buyer's Agent
Michael Matese
Compass
List Price
$2,450,000
Sold Price
$2,200,000
Premium/Discount to List
-$250,000
-10.2%
Views
257
Current Estimated Value
$2,461,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,208
Avg. Annual Appreciation
6.54%
Original Mortgage
$1,760,000
Outstanding Balance
$1,729,705
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$731,503

Purchase Details

Closed on
Aug 18, 2023
Sold by
Douglas M Olcott Revocable Trust
Bought by
Jennifer Olcott Revocable Trust and Olcott

Purchase Details

Closed on
Oct 9, 2008
Sold by
Olcott Douglas M
Bought by
Olcott Douglas M Tr

Purchase Details

Closed on
Sep 24, 2008
Sold by
Olcott Douglas M
Bought by
Olcott Douglas M Tr

Purchase Details

Closed on
May 22, 2006
Sold by
Ward J Richard J and Ward Laura D
Bought by
Olcott Douglas M and Olcott Jennifer

Purchase Details

Closed on
May 15, 2006
Sold by
Ward J Richard J and Ward Laura D
Bought by
Olcott Douglas M and Olcott Jennifer

Purchase Details

Closed on
May 3, 2004
Sold by
Buchanan Homes Inc
Bought by
Ward J Richard J and Ward Laura D

Purchase Details

Closed on
Feb 4, 2003
Sold by
Abell Elizabeth Tr
Bought by
Buchanan Homes Inc
Source: Public Records

Range of Values:

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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
Pappas Christopher M $2,200,000 First American Title
Jennifer Olcott Revocable Trust -- None Listed On Document
Olcott Douglas M Tr -- --
Olcott Douglas M Tr -- --
Olcott Douglas M $2,435,000 --
Olcott Douglas M $2,435,000 --
Ward J Richard J $2,000,000 --
Buchanan Homes Inc $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pappas Christopher M $1,760,000
Previous Owner Olcott Douglas M $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2023 11/06/23 Sold $2,200,000 -4.1% $271 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/08/2023 09/08/23 Price Changed $2,295,000 -2.3% $283 / Sq Ft
08/04/2023 08/04/23 Price Changed $2,350,000 -4.1% $289 / Sq Ft
07/07/2023 07/07/23 For Sale $2,450,000 -- $302 / 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 $23,935 $2,027,033 -- --
2024 $23,935 $2,011,300 $768,700 $1,242,600
2023 $22,082 $1,913,133 $0 $0
2022 $20,043 $1,814,967 $0 $0
2021 $18,853 $1,716,800 $768,700 $948,100
2020 $18,853 $1,716,800 $768,700 $948,100
2019 $18,825 $1,716,800 $768,700 $948,100
2018 $22,097 $2,010,600 $768,700 $1,241,900
2017 $22,337 $1,995,867 $0 $0
2016 $20,628 $1,981,133 $0 $0
2015 $20,628 $1,966,400 $0 $0
2014 $20,628 $1,964,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2099004

Bright MLS

APN: 06-03315887