NOT LISTED FOR SALE

18220 Mehrens Terrace Olney, MD 20832

Estimated Value: $669,000 - $703,000

4 Beds
3 Baths
1,748 Sq Ft
$392/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $630,000 $360 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,135/month

4 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Forced Air Heating and Cooling System
  • Olney Elementary School Rated A
  • 1 Attached Carport Space

About This Home

As of October 2022

This absolutely adorable split level is ready for you to move right in! This 4 bed/3 bath is nestled on a quiet street yet is just seconds away from everything Olney has to offer. As soon as you walk in, you will fall in love with the bamboo wood plank flooring in the foyer, living room, and dining room, which pairs perfectly with the cathedral ceilings. In the kitchen, you will find newer stainless-steel appliances, an abundance of natural light, and a wonderful breakfast bar. Upstairs you will find 3 spacious bedrooms and 2 renovated bathrooms. The lower level offers you a cozy fireplace, as well as an additional bedroom and full bathroom. The sliding door access makes it perfect for guests, or the ability to turn it into an in-law suite!! Relax outside on your huge deck or sit by the fire with your custom made firepit!! Unfinished basement offers tons of storage, or you can turn it into the basement of your dreams!! This one definitely won't last long; you don't want to miss it!

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 09/15/2022

EXP Realty, LLC

Last Buyer's Agent

Sabrina Solis

(240) 353-8590 realtor@sabrinasolis.com RE/MAX Realty Centre, Inc. License #667635

RE/MAX Realty Centre, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,175

Year Built

  • Built in 1973

Lot Details

  • 10,072 Sq Ft Lot
  • Property is zoned R200

Home Design

  • Split Level Home
  • Vinyl Siding

Interior Spaces

  • Property has 4 Levels
  • 1 Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Driveway

Schools

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

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 10
  • Assessor Parcel Number 160801480394

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,175

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Other
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2276
  • Living Area Sq Ft: 1748
  • Price Per Sq Ft: 336.96
  • Above Grade Finished Sq Ft: 1748
  • Below Grade Sq Ft: 528
  • Total Below Grade Sq Ft: 528
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • 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: 1
  • Type Of Parking: Driveway, Attached Carport

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

  • 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

  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10072.00
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5175.00
  • Assessor Parcel Number: 160801480394
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Oct 12, 2022
Sold by
Lund Alan D and Lund Bernadette H
Bought by
Sayre Elizabeth and Sayre Justin
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Sabrina Solis
RE/MAX Realty Centre, Inc.
List Price
$589,000
Sold Price
$630,000
Premium/Discount to List
$41,000
6.96%
Views
2
Current Estimated Value
$684,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,845
Avg. Annual Appreciation
2.68%
Original Mortgage
$567,000
Outstanding Balance
$545,545
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$139,300

Purchase Details

Closed on
Aug 24, 2000
Sold by
Kauffman Matthew M
Bought by
Lund Alan D and Lund H B
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
Sayre Elizabeth $630,000 Atg Title
Lund Alan D $214,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sayre Elizabeth $567,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $630,000 +7.0% $360 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $589,000 -- $337 / 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 $6,380 $557,000 $262,200 $294,800
2024 $6,380 $515,333 $0 $0
2023 $6,569 $473,667 $0 $0
2022 $4,483 $432,000 $249,600 $182,400
2021 $4,404 $432,000 $249,600 $182,400
2020 $4,404 $432,000 $249,600 $182,400
2019 $4,459 $438,300 $249,600 $188,700
2018 $4,439 $436,467 $0 $0
2017 $4,507 $434,633 $0 $0
2016 -- $432,800 $0 $0
2015 $3,745 $417,767 $0 $0
2014 $3,745 $402,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2069332

Bright MLS

APN: 08-01480394