NOT LISTED FOR SALE

16616 Georgia Ave Olney, MD 20832

Estimated Value: $733,000 - $860,000

3 Beds
2 Baths
2,184 Sq Ft
$352/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $810,000 $371 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,660/month

57 Days on Market

Highlights

  • 0.87 Acre Lot
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Olney Elementary School Rated A
  • Traditional Floor Plan
  • 2 Fireplaces

About This Home

As of December 2023

Excellent location on Georgia Ave, Olney, off quiet service Rd. Previously Church owned after school facility for youth special needs service. The Charming Cape Cod sits on 1.57 acres, including adjacent lot (2 parcels total area: 0.87 Acres + 0.7 Acres ) NO HOA, SOLD AS IS.

Last Agent to Sell the Property

Byung Soh

S & S Realty & Investment, LLC License #0226021796 Listed on: 09/04/2023

Last Buyer's Agent

Ricky Palacio

HomeSmart

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $482

Year Built

  • Built in 1940

Lot Details

  • 0.87 Acre Lot
  • Back Yard Fenced
  • Property is zoned R200

Parking

  • Driveway

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Ramp on the main level
  • Playground

Community Details

  • No Home Owners Association
  • Olney Outside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160800709312

Home Details

Home Type

Single Family

Est. Annual Taxes

$482

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-09-04
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer
  • Interior Amenities: Combination Dining/Living, Entry Level Bedroom, Upgraded Countertops, Floor Plan - Traditional
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Sun/Florida Room, Bedroom 6
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Total Sq Ft: 2616
  • Living Area Sq Ft: 2184
  • Price Per Sq Ft: 485.16
  • Above Grade Finished Sq Ft: 1752
  • Below Grade Finished Sq Ft: 432
  • Below Grade Sq Ft: 432
  • Total Below Grade Sq Ft: 864
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16616

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Play Area
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • 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
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Fencing: Rear
  • Land Use Code: E
  • Lot Size Acres: 0.87
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 37755.00
  • Year Assessed: 2023
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 482.00
  • Assessor Parcel Number: 160800709312
  • Tax Total Finished Sq Ft: 2184
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 12/29/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2023
Closed on
Dec 29, 2023
Sold by
Bible Ministry Foundation Inc
Bought by
Cerron Edver M
Seller's Agent
Byung Soh
S & S Realty & Investment, LLC
Buyer's Agent
Ricky Palacio
HomeSmart
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%
Views
138
Current Estimated Value
$767,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,134
Avg. Annual Appreciation
-3.09%
Original Mortgage
$648,000
Outstanding Balance
$637,932
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$129,934

Purchase Details

Closed on
Jan 10, 2005
Sold by
Taberner Paul D and Taberner Laura A
Bought by
Bible Ministry Foundation Inc Usa

Purchase Details

Closed on
Mar 8, 2002
Sold by
Suntrust Bank Trustee
Bought by
Taberner Paul D and Taberner Laura A
Source: Public Records

Range of Values:

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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
Cerron Edver M $810,000 Household Title
Bible Ministry Foundation Inc Usa $590,000 --
Bible Ministry Foundation Inc Usa $590,000 --
Taberner Paul D $306,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerron Edver M $648,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $810,000 -4.7% $371 / Sq Ft
09/04/2023 09/04/23 For Sale $850,000 -- $389 / 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 $6,093 $497,900 $270,000 $227,900
2024 $6,093 $472,633 $0 $0
2023 $482 $447,367 $0 $0
2022 $467 $422,100 $257,100 $165,000
2021 $384 $406,833 $0 $0
2020 $384 $391,567 $0 $0
2019 $370 $376,300 $257,100 $119,200
2018 $361 $376,300 $257,100 $119,200
2017 $361 $376,300 $0 $0
2016 $284 $379,500 $0 $0
2015 $284 $376,200 $0 $0
2014 $284 $372,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Byung Soh

    S & S Realty & Investment, LLC

    (703) 795-1230

    1 in this area

    76 Total Sales

    Byung Soh
    Section Image
  • Ricky Palacio

    Buyer's Agent in 2023

    Ricky Palacio

    HomeSmart

    (301) 806-5040

    1 in this area

    90 Total Sales

    Ricky Palacio
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2106054

Bright MLS

APN: 08-00709312

Maryland Montgomery County Olney 20832

16616 Georgia Ave, Olney, MD

This home is located at 16616 Georgia Ave, Olney, MD 20832 since 04 September 2023 and is currently estimated at $767,866, approximately $351 per square foot. This property was built in 1940. 16616 Georgia Ave is a home located in Montgomery County with nearby schools including Olney Elementary School, Rosa M. Parks Middle School, and Sherwood High School.

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