1438 Fallsmead Way Potomac, MD 20854
West Rockville NeighborhoodEstimated Value: $1,348,000 - $1,463,375
5
Beds
4
Baths
3,756
Sq Ft
$371/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- 0.29 Acre Lot
- Community Lake
- View of Trees or Woods
- Colonial Architecture
- 5-minute walk to Horizon Hill Park
About This Home
As of May 2023Fall in love with this remarkably exceptional five bedroom home settled on a fantastic 0.29 acre corner lot in the highly sought-after Fallsmead neighborhood. Sense of arrival begins when you enter into the foyer highlighting recently refinished hardwood floors, a neutral color palette and modern lighting that continue throughout the home. An office with French doors makes working from home both convenient and private. Entertain guests in the spacious dining room that is large enough for hosting any size gathering with plantation shutters and an accent crown molding. The living room provides an additional lounge space and a door down to the lower level. Prepare your gourmet meals in the kitchen that is a chef’s delight, fully equipped with granite countertops, decorative tile backsplash, 42” soft-close cabinetry, and stainless steel appliances including a built-in microwave, wall oven, gas cooktop and new dishwasher and refrigerator. The adjacent breakfast nook features a matching island that is perfect for casual dining with access to the rear deck. Kick your feet up and relax in the family room that is adorned with custom built-in shelving around the gas fireplace. Upstairs, tranquility awaits in the primary bedroom suite with a walk-in closet, two smaller closets, and a door connecting to the second bedroom. The luxurious private bathroom has a frameless glass-enclosed walk-in tile shower and a dual sink vanity. Down the hall are the other four sizable bedrooms and a second full bathroom with a tile tub shower and accent beadboard details. Downstairs, there is space for everyone’s activities in the expansive lower level recreation room. Enjoy your own oasis in the fenced rear yard with a deck, paver stone patio and a large flat yard. Quick access to 270, 495, Metro Bus stops, and a wide variety of excellent shopping, restaurants and entertainment options. The beautiful Fallsmead community is completed by an outdoor swimming pool, tennis courts, playground, duck pond and a 17 acre private park at the Fallsmead Park. Across the street is the Horizon Hill Park with basketball courts and another playground with walking and biking trails.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,779
Year Built
- Built in 1971
Lot Details
- 0.29 Acre Lot
- Split Rail Fence
- Privacy Fence
- Wood Fence
- Landscaped
- Premium Lot
- Corner Lot
- Level Lot
- Partially Wooded Lot
- Backs to Trees or Woods
- Back Yard Fenced, Front and Side Yard
- Property is in excellent condition
- Property is zoned R150
HOA Fees
- $113 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- 4 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Property Views
- Woods
- Garden
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- Property has 3 Levels
- Built-In Features
- Chair Railings
- Crown Molding
- Wainscoting
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Fireplace With Glass Doors
- Fireplace Mantel
- Brick Fireplace
- Gas Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Insulated Windows
- Double Hung Windows
- Window Screens
- Double Door Entry
- French Doors
- Insulated Doors
- Six Panel Doors
- Family Room Off Kitchen
- Living Room
- Formal Dining Room
- Den
- Recreation Room
- Utility Room
- Attic
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Room
- Built-In Oven
- Cooktop
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Dual Flush Toilets
- Bathtub with Shower
- Walk-in Shower
Laundry
- Front Loading Dryer
- Front Loading Washer
Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior Basement Entry
- Sump Pump
- Laundry in Basement
- Basement Windows
Home Security
- Storm Doors
- Fire and Smoke Detector
- Flood Lights
Accessible Home Design
- Doors with lever handles
- More Than Two Accessible Exits
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
Outdoor Features
- Deck
- Patio
- Exterior Lighting
- Rain Gutters
Schools
- Fallsmead Elementary School
- Robert Frost Middle School
- Thomas S. Wootton High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Programmable Thermostat
- Water Dispenser
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 160400243447
Community Details
Overview
- Association fees include common area maintenance, pool(s)
- Fallsmead Subdivision
- Community Lake
Amenities
- Picnic Area
- Common Area
Recreation
- Tennis Courts
- Soccer Field
- Community Basketball Court
- Community Playground
- Community Pool
- Jogging Path
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2023
Closed on
May 18, 2023
Sold by
Schmerling Michelle L
Bought by
Gill Daniel and Chandra Deepika
Seller's Agent
Julie Singer
Northrop Realty
Buyer's Agent
Jessica Aminzadeh
Keller Williams Realty Centre
List Price
$1,199,000
Sold Price
$1,350,000
Premium/Discount to List
$151,000
12.59%
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,094
Avg. Annual Appreciation
1.35%
Original Mortgage
$1,050,000
Outstanding Balance
$1,026,926
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$361,585
Purchase Details
Listed on
Jun 4, 2020
Closed on
Jul 8, 2020
Sold by
Kim Robert and Kim Hae Ju
Bought by
Schmerling Aaron D and Schmerling Michelle L
Seller's Agent
Misook Lee
Long & Foster Real Estate, Inc.
Buyer's Agent
Andrew Essreg
RLAH @properties
List Price
$869,000
Sold Price
$825,000
Premium/Discount to List
-$44,000
-5.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.86%
Original Mortgage
$742,500
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 6, 2002
Sold by
Karcher Arthur P and Karcher C C
Bought by
Kim Robert and Kim Hae J
Purchase Details
Closed on
Dec 3, 1997
Sold by
Mayorga Roberto and Mayorga Cortes
Bought by
C Arthur P and C Karcher C
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gill Daniel | $1,350,000 | None Listed On Document | |
| Schmerling Aaron D | $825,000 | Kvs Title Llc | |
| Kim Robert | $558,000 | -- | |
| C Arthur P | $290,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gill Daniel | $1,050,000 | |
| Previous Owner | Schmerling Aaron D | $742,500 | |
| Previous Owner | Kim Bobby | $580,000 | |
| Previous Owner | Kim Robert | $850,000 | |
| Previous Owner | Kim Robert | $604,000 | |
| Previous Owner | Kim Hae Ju | $850,000 | |
| Previous Owner | Kim Hae Ju | $850,000 | |
| Previous Owner | Kim Hae Ju | $637,500 | |
| Previous Owner | Kim Hae Ju | $62,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/18/2023 05/18/23 | Sold | $1,350,000 | +12.6% | $359 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 05/04/2023 05/04/23 | For Sale | $1,199,000 | +45.3% | $319 / Sq Ft |
| 07/13/2020 07/13/20 | Sold | $825,000 | -1.8% | $220 / Sq Ft |
| 06/18/2020 06/18/20 | Pending | -- | -- | -- |
| 06/14/2020 06/14/20 | Price Changed | $839,900 | -3.3% | $224 / Sq Ft |
| 06/04/2020 06/04/20 | For Sale | $869,000 | -- | $231 / 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 | $13,562 | $964,600 | $0 | $0 |
| 2023 | $12,289 | $824,200 | $408,200 | $416,000 |
| 2022 | $10,087 | $784,900 | $0 | $0 |
| 2021 | $9,596 | $745,600 | $0 | $0 |
| 2020 | $4,519 | $706,300 | $388,700 | $317,600 |
| 2019 | $9,057 | $706,300 | $388,700 | $317,600 |
| 2018 | $9,112 | $706,300 | $388,700 | $317,600 |
| 2017 | $9,521 | $723,900 | $0 | $0 |
| 2016 | -- | $716,400 | $0 | $0 |
| 2015 | $8,901 | $708,900 | $0 | $0 |
| 2014 | $8,901 | $701,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Singer
Seller's Agent in 2023
Julie Singer
Creig Northrop Team of Long & Foster
(410) 303-3281
2 in this area
244 Total Sales
-
Jessica Aminzadeh
Buyer's Agent in 2023
Jessica Aminzadeh
Keller Williams Realty Centre
(443) 992-3504
1 in this area
50 Total Sales
-
Misook Lee
Seller's Agent in 2020
Misook Lee
Long & Foster
(301) 204-7149
1 in this area
21 Total Sales
-
Andrew Essreg
Buyer's Agent in 2020
Andrew Essreg
Real Living at Home
(202) 379-8881
1 in this area
179 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2091198
APN: 04-00243447
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