NOT LISTED FOR SALE

18205 Rolling Meadow Way Unit 221 Olney, MD 20832

Estimated Value: $365,000 - $394,000

3 Beds
2 Baths
1,470 Sq Ft
$320/mo HOA Fee

Last Sold June 29, 2016

Last sale price $254,000 $173 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,601/month

4 Days on Market

Highlights

  • Contemporary Architecture
  • Premium Lot
  • Upgraded Countertops
  • Olney Elementary School Rated A
  • Traditional Floor Plan
  • Community Pool

About This Home

As of June 2016

PRISTINE GROUND LEVEL LARGE (1470 SQ.FT.) 3 BEDROOM 2 FB WITH ALL NEW KITCHEN,GRANITE COUNTERS/SS-APPLIANCES,NEW CABINETS,ALL NEW PAINT AND CARPET/FLOORING, LR FIREPLACE,NICE MASTER BEDROOM WITH WALK IN CLOSET AND FULL BATH,SHOWS GREAT,COMMUNITY DID ROOFS AND SIDING IN 2013,WALK TO OLNEY TOWN CENTER

Last Agent to Sell the Property

Michael Ray

(301) 980-8155 michaelray@sunpropinc.com Sunshine Properties Inc. Listed on: 05/24/2016

Co-Listed By

Helen Ray

(240) 672-2720 helen@sunpropinc.com Sunshine Properties Inc. License #644229

Last Buyer's Agent

Sunmi Kim

(301) 221-1517 sunmikimhomes@gmail.com Samson Properties License #0225234890

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,695

Year Built

  • Built in 1987

Lot Details

  • 3,093

HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Fireplace Mantel
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160802713931

Community Details

Overview

  • Association fees include lawn maintenance, insurance, pool(s), recreation facility, trash
  • Low-Rise Condominium
  • Homeland Village Subdivision, Very Nice Floorplan
  • Homeland Vill Ol Community
  • The community has rules related to alterations or architectural changes

Amenities

  • Community Center
  • Party Room

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,695

Year Built

Built in 1987

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2016-05-25
  • Year Built: 1987
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Kitchen - Table Space, Dining Area, Upgraded Countertops, Primary Bath(s), Floor Plan - Traditional
  • Window Features: Insulated
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated, Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Entry Location: 1st Floor
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1470
  • Living Area Sq Ft: 1470
  • Price Per Sq Ft: 176.80
  • Above Grade Finished Sq Ft: 1470
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 95.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 225.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Community Center, Jog/Walk Path, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Party Room
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Insurance, Pool(s), Recreation Facility, Trash
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School: OLNEY
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Lot Info

  • Improvement Assessed Value: 154000.00
  • Land Assessed Value: 66000.00
  • Lot Features: Premium
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: PD7

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13887339
  • Tax Annual Amount: 2694.69
  • Assessor Parcel Number: 160802713931
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

Multi Family

  • Metering: Fully Separate

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2016
Sold by
Cappelletti Llc
Bought by
Kim Sunmi
Current Estimated Value
$374,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2008
Sold by
Cappelletti Frances Tr
Bought by
Cappelletti Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,600
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2008
Sold by
Cappelletti Frances Tr
Bought by
Cappelletti Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,600
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2005
Sold by
Capelletti Frances
Bought by
Capelletti Frances Tr
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
Kim Sunmi $254,000 International Title & Escrow
Cappelletti Llc $271,600 --
Cappelletti Llc $271,600 --
Capelletti Frances Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Sunmi $187,500
Previous Owner Cappelletti Llc $268,600
Previous Owner Cappelletti Llc $268,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2016 06/29/16 Sold $254,000 -2.3% $173 / Sq Ft
05/29/2016 05/29/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $259,900 -- $177 / 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 $3,719 $315,000 $94,500 $220,500
2024 $3,719 $290,000 $0 $0
2023 $3,411 $265,000 $0 $0
2022 $1,934 $240,000 $72,000 $168,000
2021 $2,912 $236,667 $0 $0
2020 $2,852 $233,333 $0 $0
2019 $2,802 $230,000 $69,000 $161,000
2018 $2,762 $226,667 $0 $0
2017 $2,784 $223,333 $0 $0
2016 $2,606 $220,000 $0 $0
2015 $2,606 $220,000 $0 $0
2014 $2,606 $220,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Ray

    Seller's Agent in 2016

    Michael Ray

    Sunshine Properties Inc.

    (301) 980-8155

    20 in this area

    62 Total Sales

    Michael Ray
    Section Image
  • Helen Ray

    Seller Co-Listing Agent in 2016

    Helen Ray

    Sunshine Properties Inc.

    (240) 672-2720

    20 in this area

    48 Total Sales

    Helen Ray
    Section Image
  • Sunmi Kim

    Buyer's Agent in 2016

    Sunmi Kim

    Samson Properties

    (301) 221-1517

    1 in this area

    35 Total Sales

    Sunmi Kim
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002430693

Bright MLS

APN: 08-02713931

Maryland Montgomery County Olney 20832

18205 Rolling Meadow Way Unit 221, Olney, MD

Not Listed for Sale

Condos

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