NOT LISTED FOR SALE

16404 Equestrian Ln Derwood, MD 20855

Estimated Value: $1,284,000 - $1,363,000

5 Beds
4.5 Baths
4,463 Sq Ft
$297/Sq Ft Est. Value

Last Sold September 18, 2017

Last sale price $686,000 $154 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $8,098/month

29 Days on Market

Highlights

  • 2.01 Acre Lot
  • Open Floorplan
  • 2 Fireplaces
  • Candlewood Elementary School Rated A
  • Colonial Architecture
  • No HOA

About This Home

As of September 2017

Exquisite custom colonial on 2 acres gorgeous lot. minutes to Shady Grove metro across the street from Needwood Golf Course. 2 story foyer, walk out basement, Family room with skylights & cathedral ceiling

Last Agent to Sell the Property

Hennie Keshani

Long & Foster Real Estate, Inc. Listed on: 07/19/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Rosie Flores

Fairfax Realty Premier License #582820

Fairfax Realty Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,692

Year Built

  • Built in 1987

Lot Details

  • 2.01 Acre Lot
  • Property is zoned RE2

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • 2 Fireplaces
  • Dining Area
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4.5 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Rear Basement Entry

Schools

  • Candlewood Elementary School
  • Shady Grove Middle School
  • Col. Zadok A. Magruder High School

Utilities

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

Community Details

  • No Home Owners Association
  • Pt Rockville Out Res. 3 Subdivision

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 160402480801

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,692

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Farm
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2017-07-19
  • Year Built: 1987
  • Remarks Public: Exquisite custom colonial on 2 acres gorgeous lot. minutes to Shady Grove metro across the street from Needwood Golf Course. 2 story foyer, walk out basement, Family room with skylights & cathedral ceiling,
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Floor Plan - Open
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Full, Fully Finished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 4463
  • Living Area Sq Ft: 4463
  • Price Per Sq Ft: 196.18
  • Above Grade Finished Sq Ft: 3563
  • Below Grade Finished Sq Ft: 900
  • Total Below Grade Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16404

Beds/Baths

  • Bedrooms: 5
  • Lower Level Bedroom: 1
  • 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: Combination, Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 213.75
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CANDLEWOOD
  • Middle School: SHADY GROVE
  • High School: COL. ZADOK A. MAGRUDER
  • School District Key: 121138126809
  • Elementary School: CANDLEWOOD
  • High School: COL. ZADOK A. MAGRUDER
  • Middle Or Junior School: SHADY GROVE

Lot Info

  • Improvement Assessed Value: 335300.00
  • Land Assessed Value: 316900.00
  • Lot Size Acres: 2.01
  • Lot Size Area: 87556
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87556.00
  • Property Attached Yn: No
  • Remarks Farm: Exquisite custom colonial on 2 acres gorgeous lot. minutes to Shady Grove metro across the street from Needwood Golf Course. 2 story foyer, walk out basement, Family room with skylights & cathedral ceiling
  • Year Assessed: 2014
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13906717
  • Tax Annual Amount: 7691.57
  • Assessor Parcel Number: 160402480801
  • Tax Lot: 40
  • Tax Total Finished Sq Ft: 3563
  • Tax Year: 2013
  • Close Date: 09/18/2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Sossa Maria R Velasquez and Sossa Lorgio Velasquez
Bought by
Sossa Maria R Velasquez and Sossa Lorgio Velasquez
Total Days on Market
29
Current Estimated Value
$1,325,349

Purchase Details

Listed on
Jul 19, 2017
Closed on
Sep 18, 2017
Sold by
Wadhwani Nalini S and Wadhwani Mohan N
Bought by
Velasquez Sossa Maria R and Sossa Lorgio Velasquez
Seller's Agent
Hennie Keshani
Long & Foster Real Estate, Inc.
Buyer's Agent
Rosie Flores
Fairfax Realty Premier
List Price
$725,000
Sold Price
$686,000
Premium/Discount to List
-$39,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$647,280
Interest Rate
3.89%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 1998
Sold by
S Richard E and S Reed V
Bought by
S Mohan N and S Wadhwani N
Source: Public Records

Range of Values:

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Average Value
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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
Sossa Maria R Velasquez -- Accommodation
Velasquez Sossa Maria R $686,000 Harvest Title & Escrow Llc
S Mohan N $418,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sossa Lorgio Velasquez $630,964
Closed Velasquez Sossa Maria R $647,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $686,000 -1.9% $154 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
07/31/2017 07/31/17 Price Changed $699,000 -3.6% $157 / Sq Ft
07/19/2017 07/19/17 For Sale $725,000 0.0% $162 / Sq Ft
08/08/2014 08/08/14 Rented $3,200 0.0% --
08/08/2014 08/08/14 Under Contract -- -- --
07/13/2014 07/13/14 For Rent $3,200 -- --
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 $10,515 $987,567 -- --
2024 $10,515 $862,633 $0 $0
2023 $9,737 $737,700 $382,700 $355,000
2022 $7,821 $723,667 $0 $0
2021 $7,420 $709,633 $0 $0
2020 $7,420 $695,600 $382,700 $312,900
2019 $7,394 $695,000 $0 $0
2018 $7,393 $694,400 $0 $0
2017 $8,218 $693,800 $0 $0
2016 $8,650 $679,933 $0 $0
2015 $8,650 $666,067 $0 $0
2014 $8,650 $652,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000193409

Bright MLS

APN: 04-02480801