NOT LISTED FOR SALE

18022 Rolling Meadow Way Olney, MD 20832

Estimated Value: $315,000 - $378,000

2 Beds
2 Baths
1,155 Sq Ft
$350/mo HOA Fee

Last Sold November 30, 2020

Last sale price $285,000 $247 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,465/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Living Room
  • Olney Elementary School Rated A
  • Community Pool
  • Community Playground

About This Home

As of November 2020

Beautiful and bright 2 bedroom & 2 bath, patio level, condo in desired Homeland Village. Features include living room with wood burning fireplace, updated kitchen with stainless steel appliances, title flooring, windows and door. Kitchen also has table space, pantry and leads out to a lovely outdoor patio. Surrounding community offers walking paths, tot lots, pool and tennis courts. Walking distance to public transportation, library, post office, restaurants, entertainment and more. Close to major roads 97-Georgia Ave, ICC-200, rt 108...leading to many adventures. Move-in ready and waiting for you!

Last Agent to Sell the Property

Deanne Rogers

(301) 367-5398 derogers@remax.net RE/MAX Realty Centre, Inc. Listed on: 11/11/2020

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Hersh Kapoor

(240) 888-5094 hershkapoor@gmail.com Long & Foster Real Estate, Inc. License #0225253870

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,581

Year Built

  • Built in 1987

Lot Details

  • Property is in very good condition

HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Aluminum Siding

Interior Spaces

  • 1,155 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Living Room
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Olney Elementary School
  • Rosa M. Parks Middle School
  • Sherwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160802750591

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, reserve funds, trash
  • Homeland Village HOA, Phone Number (301) 924-7355
  • Low-Rise Condominium
  • Arbaris Condos, Phone Number (301) 468-8919
  • Homeland Vill Ol Community
  • Homeland Village Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Playground
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,581

Year Built

Built in 1987

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-11-24
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Bathroom 1, Bathroom 2
  • Basement: No
  • Total Sq Ft: 1155
  • Living Area Sq Ft: 1155
  • Price Per Sq Ft: 246.75
  • Above Grade Finished Sq Ft: 1155
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, Off Street, On Street

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 125.93
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 224.25
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Arbaris
  • Condo Co-Op Phone: 301-468-8919
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site, Professional - On-Site
  • HOA Name: HOMELAND VILLAGE
  • HOA Phone: 301-924-7355
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OLNEY
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 147000.00
  • Land Assessed Value: 63000.00
  • Property Condition: Very Good
  • Zoning: 011
  • Zoning Description: Residential
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 13887560
  • Tax Annual Amount: 2581.00
  • Assessor Parcel Number: 160802750591
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Nov 30, 2020
Sold by
Norris Kenneth J and Norris Jennifer A
Bought by
Sim Keng Siong
Seller's Agent
Deanne Rogers
RE/MAX Realty Centre, Inc.
Buyer's Agent
Hersh Kapoor
Long & Foster Real Estate, Inc.
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$346,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,847
Avg. Annual Appreciation
4.08%

Purchase Details

Closed on
Sep 2, 2008
Sold by
Ellis Barbara G L and Ellis E
Bought by
Bank Of New York As Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2008
Sold by
Ellis Barbara G L and Ellis E
Bought by
Bank Of New York As Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2006
Sold by
Ellis Barbara G
Bought by
Ellis Barbara G L and Ellis E

Purchase Details

Closed on
Feb 13, 2006
Sold by
Ellis Barbara G
Bought by
Ellis Barbara G L and Ellis E

Purchase Details

Closed on
Nov 14, 2000
Sold by
Vechery Henry
Bought by
Ellis Barbara G

Purchase Details

Closed on
May 17, 1994
Sold by
Hinkeld J F
Bought by
Vechery Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Interest Rate
7.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sim Keng Siong $285,000 Rgs Title Llc
Bank Of New York As Tr $285,000 --
Bank Of New York As Tr $285,000 --
Ellis Barbara G L -- --
Ellis Barbara G L -- --
Ellis Barbara G $110,000 --
Vechery Henry $107,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bank Of New York As Tr $145,000
Previous Owner Bank Of New York As Tr $145,000
Previous Owner Vechery Henry $101,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $285,000 0.0% $247 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $285,000 0.0% $247 / Sq Ft
09/01/2020 09/01/20 Rented $1,750 0.0% --
08/31/2020 08/31/20 Under Contract -- -- --
08/05/2020 08/05/20 For Rent $1,750 +2.9% --
07/29/2016 07/29/16 Rented $1,700 0.0% --
07/29/2016 07/29/16 Under Contract -- -- --
07/19/2016 07/19/16 For Rent $1,700 -- --
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 $3,489 $295,000 $88,500 $206,500
2024 $3,489 $270,000 $0 $0
2023 $1,841 $245,000 $0 $0
2022 $2,085 $220,000 $66,000 $154,000
2021 $1,772 $216,667 $0 $0
2020 $2,631 $213,333 $0 $0
2019 $2,582 $210,000 $63,000 $147,000
2018 $2,283 $206,667 $0 $0
2017 $2,554 $203,333 $0 $0
2016 $2,391 $200,000 $0 $0
2015 $2,391 $200,000 $0 $0
2014 $2,391 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC733026

Bright MLS

APN: 08-02750591