NOT LISTED FOR SALE

18201 Mehrens Terrace Olney, MD 20832

Estimated Value: $741,000 - $793,000

4 Beds
3.5 Baths
3,524 Sq Ft
$219/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $730,000 $207 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,846/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • 2 Fireplaces
  • 1 Attached Carport Space
  • Olney Elementary School Rated A
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Welcome to your new stunning contemporary dream home in Olney! This single-family home offers a spacious livable area of 3524 total finished square feet, nestled on a .51-acre wooded lot, providing the perfect blend of comfort, privacy, beauty, and outdoor space.
Conveniently located within a short walk to downtown Olney, you'll have easy access to a plethora of shopping, dining, and entertainment options. The location at the back of a cul-de-sac ensures serenity and tranquility, with the added bonus of beautiful mature trees and shrubs.
Discover a host of recent upgrades, including a new roof, new HVAC, new solid surface flooring throughout, and brand-new appliances! The renovated bathrooms and dramatic high ceilings create an elegant and modern atmosphere throughout the home.
This gem in desirable Olney Square/Perspective Woods boasts 4 bedrooms and 3.5 bathrooms, including 2 owner's suites - one on the main level and another upstairs with a spacious loft. The open layout and high ceilings upon entry contribute to the sense of space and airiness, and the fully finished lower level offers a ton of extra living/playing space as well as a half-bath!
Whether relaxing on the new deck in the large, private backyard or hosting guests in the spacious contemporary living areas, this home offers a perfect blend of modern luxury and serene surroundings. Don't miss the opportunity to make this stunning property your new home!

Last Agent to Sell the Property

Andy Rubin

RE/MAX Realty Centre, Inc. License #653678 Listed on: 06/27/2024

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Steven Huffman

VYBE Realty License #636620

VYBE Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,516

Year Built

  • Built in 1973

Lot Details

  • 0.51 Acre Lot
  • Property is zoned R200

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Parking

  • 3 Parking Spaces
  • 2 Driveway Spaces
  • 1 Attached Carport Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Olney Square Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 160801480441

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,516

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-06-27
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to your new stunning contemporary dream home in Olney! This single-family home offers a spacious livable area of 3524 total finished square feet, nestled on a .51-acre wooded lot, providing the perfect blend of comfort, privacy, beauty, and outdoor space. Conveniently located within a short walk to downtown Olney, you'll have easy access to a plethora of shopping, dining, and entertainment options. The location at the back of a cul-de-sac ensures serenity and tranquility, with the added bonus of beautiful mature trees and shrubs. Discover a host of recent upgrades, including a new roof, new HVAC, new solid surface flooring throughout, and brand-new appliances! The renovated bathrooms and dramatic high ceilings create an elegant and modern atmosphere throughout the home. This gem in desirable Olney Square/Perspective Woods boasts 4 bedrooms and 3.5 bathrooms, including 2 owner's suites - one on the main level and another upstairs with a spacious loft. The open layout and high ceilings upon entry contribute to the sense of space and airiness, and the fully finished lower level offers a ton of extra living/playing space as well as a half-bath! Whether relaxing on the new deck in the large, private backyard or hosting guests in the spacious contemporary living areas, this home offers a perfect blend of modern luxury and serene surroundings. Don't miss the opportunity to make this stunning property your new home!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3736
  • Living Area Sq Ft: 3524
  • Price Per Sq Ft: 301.20
  • Above Grade Finished Sq Ft: 2324
  • Below Grade Finished Sq Ft: 1200
  • Below Grade Sq Ft: 212
  • Total Below Grade Sq Ft: 1412
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18201

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Carport, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • 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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.51
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22302.00
  • Year Assessed: 2024
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6516.00
  • Assessor Parcel Number: 160801480441
  • Tax Lot: 16
  • Tax Total Finished Sq Ft: 2324
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 07/16/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Jul 16, 2024
Sold by
Reiss Robert and Reiss Sandra E
Bought by
Kahn Richard and Kahn Patricia
Seller's Agent
Andy Rubin
RE/MAX Realty Centre, Inc.
Buyer's Agent
Steven Huffman
VYBE Realty
List Price
$700,000
Sold Price
$730,000
Premium/Discount to List
$30,000
4.29%
Views
844
Current Estimated Value
$770,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,770
Avg. Annual Appreciation
5.58%
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
Kahn Richard $730,000 Sage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiss Robert $151,146
Previous Owner Reise Robert $93,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $730,000 +4.3% $207 / Sq Ft
06/30/2024 06/30/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $700,000 -- $199 / 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
2024 $6,921 $562,300 $0 $0
2023 $4,861 $529,100 $0 $0
2022 $4,343 $495,900 $280,100 $215,800
2021 $4,265 $495,900 $280,100 $215,800
2020 $4,265 $495,900 $280,100 $215,800
2019 $4,321 $503,800 $280,100 $223,700
2018 $4,321 $503,800 $280,100 $223,700
2017 $5,285 $503,800 $0 $0
2016 -- $508,400 $0 $0
2015 $4,288 $485,067 $0 $0
2014 $4,288 $461,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2136862

Bright MLS

APN: 08-01480441