NOT LISTED FOR SALE

Estimated Value: $1,181,000 - $1,232,000

4 Beds
2.5 Baths
3,265 Sq Ft
$369/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $1,150,000 $352 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,746/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Property is near a park
  • Traditional Floor Plan
  • Community Lake
  • Private Lot
  • Wood Flooring

About This Home

As of March 2024

Open House Sunday March 3 from 2-4PM ......NEW PRICE........Located in the highly sought-after Fallsmead community, 1427 Fallsmead Way offers the ultimate in suburban living. This incredible brick front colonial home features 4 bedrooms and 2.5 baths, as well as a 2-car garage. Real wood floors grace the upper two levels, adding timeless charm and elegance. The main level offers generously sized rooms including separate Living and Dining Rooms perfect for entertaining, an extended family room with lots of windows added to enjoy the picturesque backyard views and a cozy gas fireplace to curl up next to on a cold night. French doors effortlessly connect the family room to the sunroom, creating a seamless indoor-outdoor flow. Stepping into the large 4-season sunroom with its stone flooring (below the current vinyl flooring), providing a tranquil retreat and beautiful views of the owner inspired landscaped backyard that seamlessly merges with parkland. The kitchen has been tastefully remodeled with solid cherry cabinets, quartz countertops and tile flooring, adding a touch of sophistication to the heart of the home. Additionally, all three bathrooms have been meticulously redone, offering a blend of modern elegance and functionality. The finished basement includes a spacious finished room, a utility room and ample storage space, enhancing the home's functionality. Outside, a premium fenced level lot creates a private oasis. Community amenities include a 17-acre park with walking trails, playgrounds, tennis courts, and an inviting outdoor pool set around a serene lake. Enjoy the convenience of being close to downtown Rockville, multiple metro stops, Park Potomac, and Pike and Rose shopping and restaurants, with easy access to I-270 and 495. Close proximity to all 3 schools - Fallsmead ES, Frost MS, and Wootton HS. Indulge in a lifestyle with friendly neighbors, comfort, and natural beauty at 1427 Fallsmead Way.

Last Agent to Sell the Property

Steve Baumgartner

Compass Listed on: 02/24/2024

Compass

Last Buyer's Agent

Lupe Rohrer

Redfin Corp

Redfin Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,175

Year Built

  • Built in 1971

Lot Details

  • 10,005 Sq Ft Lot
  • Landscaped
  • Private Lot
  • Level Lot
  • Sprinkler System
  • Back Yard
  • Property is in excellent condition
  • Property is zoned R150

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof
  • Active Radon Mitigation

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Entrance Foyer
  • Family Room on Second Floor
  • Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Utility Room
  • Improved Basement
  • Interior Basement Entry
  • Eat-In Kitchen
  • Attic

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Schools

  • Fallsmead Elementary School
  • Robert Frost Middle School
  • Thomas S. Wootton High School

Utilities

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

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 160400243276

Community Details

Overview

  • Association fees include common area maintenance, pool(s)
  • Fallsmead Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,175

Year Built

Built in 1971

Lot Details

0

HOA Fees

$113 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-02-24
  • Federal Flood Zone: No
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Open House Sunday March 3 from 2-4PM ......NEW PRICE........Located in the highly sought-after Fallsmead community, 1427 Fallsmead Way offers the ultimate in suburban living. This incredible brick front colonial home features 4 bedrooms and 2.5 baths, as well as a 2-car garage. Real wood floors grace the upper two levels, adding timeless charm and elegance. The main level offers generously sized rooms including separate Living and Dining Rooms perfect for entertaining, an extended family room with lots of windows added to enjoy the picturesque backyard views and a cozy gas fireplace to curl up next to on a cold night. French doors effortlessly connect the family room to the sunroom, creating a seamless indoor-outdoor flow. Stepping into the large 4-season sunroom with its stone flooring (below the current vinyl flooring), providing a tranquil retreat and beautiful views of the owner inspired landscaped backyard that seamlessly merges with parkland. The kitchen has been tastefully remodeled with solid cherry cabinets, quartz countertops and tile flooring, adding a touch of sophistication to the heart of the home. Additionally, all three bathrooms have been meticulously redone, offering a blend of modern elegance and functionality. The finished basement includes a spacious finished room, a utility room and ample storage space, enhancing the home's functionality. Outside, a premium fenced level lot creates a private oasis. Community amenities include a 17-acre park with walking trails, playgrounds, tennis courts, and an inviting outdoor pool set around a serene lake. Enjoy the convenience of being close to downtown Rockville, multiple metro stops, Park Potomac, and Pike and Rose shopping and restaurants, with easy access to I-270 and 495. Close proximity to all 3 schools - Fallsmead ES, Frost MS, and Wootton HS. Indulge in a lifestyle with friendly neighbors, comfort, and natural beauty at 1427 Fallsmead Way.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Chair Railings, Crown Moldings, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space, Primary Bath(s), Walk-In Closet(s), Wood Floors
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab, Active Radon Mitigation
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, 2nd Stry Fam Rm, Sun/Florida Room, Laundry, Storage Room, Utility Room, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Improved, Interior Access
  • Total Sq Ft: 3706
  • Living Area Sq Ft: 3265
  • Price Per Sq Ft: 442.16
  • Above Grade Finished Sq Ft: 2680
  • Below Grade Finished Sq Ft: 585
  • Below Grade Sq Ft: 441
  • Total Below Grade Sq Ft: 1026
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1427

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Concrete
  • Exterior Features: Exterior Lighting, Underground Lawn Sprinkler
  • Roof: Architectural Shingle
  • 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
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 497.07
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1350.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Jog/Walk Path, Lake, Picnic Area, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s)
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: FALLSMEAD
  • Middle School: ROBERT FROST
  • High School: THOMAS S. WOOTTON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: FALLSMEAD
  • High School: THOMAS S. WOOTTON
  • Middle Or Junior School: ROBERT FROST

Lot Info

  • Horses: No
  • Land Use Code: R
  • Lot Features: Backs - Parkland, Landscaping, Level, Private, Rear Yard
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10005.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R150
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 10175.00
  • Assessor Parcel Number: 160400243276
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 2280
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/27/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2024
Closed on
Mar 26, 2024
Sold by
Odarchenko Paul and Odarchenko Lonny E
Bought by
Li Peng and Zhu Yaling
Seller's Agent
Steve Baumgartner
Compass
Buyer's Agent
Lupe Rohrer
Redfin Corp
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
143
Current Estimated Value
$1,203,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,248
Avg. Annual Appreciation
2.57%
Original Mortgage
$920,000
Outstanding Balance
$910,546
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$275,857
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
Li Peng $1,150,000 Old Republic National Title In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Peng $920,000
Previous Owner Odarchenko Lonny E $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $1,150,000 -3.0% $352 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
03/03/2024 03/03/24 Price Changed $1,185,000 -5.2% $363 / Sq Ft
02/24/2024 02/24/24 For Sale $1,250,000 -- $383 / 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
2024 $11,156 $783,900 $0 $0
2023 $9,483 $716,900 $395,700 $321,200
2022 $9,057 $705,000 $0 $0
2021 $8,715 $693,100 $0 $0
2020 $8,715 $681,200 $376,800 $304,400
2019 $8,732 $681,200 $376,800 $304,400
2018 $8,785 $681,200 $376,800 $304,400
2017 $9,127 $698,000 $0 $0
2016 -- $689,967 $0 $0
2015 $8,490 $681,933 $0 $0
2014 $8,490 $673,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2120282

Bright MLS

APN: 04-00243276