NOT LISTED FOR SALE

18142 Rolling Meadow Way Olney, MD 20832

Estimated Value: $303,579 - $361,000

2 Beds
2 Baths
898 Sq Ft
$368/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $257,000 $286 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,362/month

12 Days on Market

Highlights

  • Private Lot
  • Backs to Trees or Woods
  • Lap or Exercise Community Pool
  • Olney Elementary School Rated A
  • 1 Fireplace
  • Tennis Courts

About This Home

As of February 2020

Check out this surprisingly spacious 2 bed, 2 bath home occupying 2nd and 3rd floor levels in the wonderful Homeland Village community! This particular unit is situated in a peaceful, family-centered, pet-friendly area of the complex next to a long-stretching grass field, which can be seen through the foliage and provides a beautiful view from the deck on spring & summer days. Or maybe you prefer to sit under the vaulted ceilings of the spacious living room next to the fireplace on autumn & winter nights. The unit has been well-maintained and updated with marble countertops and a new full HVAC system installed in 2018, significantly lowering the electric bill. Storage space here is plentiful with one coat closet, three general closets, one bedroom walk-in closet, a kitchen pantry area, and an outside storage shed. For outdoor activities, two separate playgrounds are a one-minute walk from the front door, and the community pool & tennis courts are three minutes walking distance. The Olney Post Office, Olney Library, Olney Elementary School, and dozens of places to eat are all within ten minutes walking distance. If you would like to purchase a new home in the Olney area and live alone, with a partner, or have a small family, this home is perfect for you!

Last Agent to Sell the Property

Thomas Koval

(240) 687-2208 tom@kovalrealestate.com Koval Real Estate License #648689 Listed on: 01/09/2020

Last Buyer's Agent

Christina Cavallaro

(240) 372-6835 Tina@tinacavallaro.com RE/MAX Premiere Selections License #676009

RE/MAX Premiere Selections

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,692

Year Built

  • Built in 1987

Lot Details

  • Backs To Open Common Area
  • Cul-De-Sac
  • Northwest Facing Home
  • No Through Street
  • Secluded Lot
  • Premium Lot
  • Open Lot
  • Backs to Trees or Woods

HOA Fees

Home Design

  • Bungalow
  • Entry on the 1st floor

Interior Spaces

  • 898 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Screen For Fireplace
  • Laundry on upper level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Public Parking
  • Parking Lot
  • Unassigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Fiber Optics Available
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02713428

Community Details

Overview

  • Association fees include trash, lawn maintenance, snow removal, common area maintenance, management, pool(s)
  • Homeland Village Community Association, Phone Number (301) 924-7355
  • Homeland Village At Olney Condominium Condos, Phone Number (301) 468-8919
  • Homeland Village Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Meeting Room

Recreation

  • Tennis Courts
  • Community Playground
  • Lap or Exercise Community Pool

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,692

Year Built

Built in 1987

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bungalow
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: Stove/Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer/Dryer, Fireplace Screen/Door, Ceiling Fans (2), Storage Shed.
  • New Construction: No
  • Story List: Main
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Entry Floor: 1
  • Fireplace Features: Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Upper Floor
  • Total Sq Ft: 898
  • Living Area Sq Ft: 898
  • Price Per Sq Ft: 283.85
  • Above Grade Finished Sq Ft: 898
  • 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
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public, Unassigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Fiber Optics Available, Multiple Phone Lines
  • 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: Homeland Village at Olney Condominium
  • Condo Co-Op Phone: 301-468-8919
  • HOA Condo Co-Op Amenities: Common Grounds, Meeting Room, Picnic Area, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Trash, Lawn Maintenance, Snow Removal, Common Area Maintenance, Management, Pool(s)
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Name: HOMELAND VILLAGE COMMUNITY ASSOCIATION
  • HOA Phone: 301-924-7355
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete, Fenced, In Ground, Lap/Exercise

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: OLNEY
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Lot Info

  • Horses: No
  • Improvement Assessed Value: 161000.00
  • Land Assessed Value: 69000.00
  • Lot Features: No Thru Street, Open, Backs To Trees, Backs - Open Common Area, Cul-De-Sac, Premium, Private, Secluded
  • Zoning: PD-7
  • Zoning Description: Residential planned development. More information available at: https://mcatlas.org/zoning/
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok, Breed Restrictions, Size/Weight Restriction, Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 13887324
  • Tax Annual Amount: 2692.20
  • Assessor Parcel Number: 02713428
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 25, 2020
Sold by
Koval Matthew H
Bought by
Kudel John P
Seller's Agent
Thomas Koval
Koval Real Estate
Buyer's Agent
Christina Cavallaro
RE/MAX Premiere Selections
List Price
$254,900
Sold Price
$257,000
Premium/Discount to List
$2,100
0.82%
Current Estimated Value
$328,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,552
Avg. Annual Appreciation
4.42%
Original Mortgage
$218,450
Outstanding Balance
$193,834
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$136,561

Purchase Details

Listed on
Mar 18, 2016
Closed on
Apr 29, 2016
Sold by
Gay Robert Derril
Bought by
Koval Matthew H
Seller's Agent
Deanne Rogers
RE/MAX Realty Centre, Inc.
Buyer's Agent
Thomas Koval
Koval Real Estate
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$213,750
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 1987
Bought by
Tims Barbara G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kudel John P $257,000 Amerikor Title & Escrow Llc
Koval Matthew H $225,000 Attorney
Tims Barbara G $81,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kudel John P $218,450
Previous Owner Koval Matthew H $213,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2020 02/25/20 Sold $257,000 +0.8% $286 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $254,900 +13.3% $284 / Sq Ft
04/29/2016 04/29/16 Sold $225,000 0.0% $251 / Sq Ft View Prior Sale
03/21/2016 03/21/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $225,000 -- $251 / 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 $3,412 $280,000 $84,000 $196,000
2024 $3,412 $263,333 $0 $0
2023 $3,891 $246,667 $0 $0
2022 $2,195 $230,000 $69,000 $161,000
2021 $2,110 $226,667 $0 $0
2020 $2,049 $223,333 $0 $0
2019 $4,000 $220,000 $66,000 $154,000
2018 $2,394 $216,667 $0 $0
2017 $1,977 $213,333 $0 $0
2016 -- $210,000 $0 $0
2015 $1,806 $210,000 $0 $0
2014 $1,806 $210,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Koval

    Seller's Agent in 2020

    Thomas Koval

    Koval Real Estate

    (240) 687-2208

    4 Total Sales

    Thomas Koval
    Section Image
  • Christina Cavallaro

    Buyer's Agent in 2020

    Christina Cavallaro

    RE/MAX

    (240) 372-6835

    4 in this area

    79 Total Sales

    Christina Cavallaro
    Section Image
  • Deanne Rogers

    Seller's Agent in 2016

    Deanne Rogers

    RE/MAX

    (301) 367-5398

    1 in this area

    15 Total Sales

    Deanne Rogers
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC691536

Bright MLS

APN: 08-02713428

Maryland Montgomery County Olney 20832

18142 Rolling Meadow Way, Olney, MD

Not Listed for Sale

Townhouses

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