$271,500
SOLD MAY 23, 2022

18224 Rolling Meadow Way Unit 48 Olney, MD 20832

2 Beds
2 Baths
898 Sq Ft
$375/mo HOA Fee

Recently Sold

$302 Per Sq Ft

9% Above List Price

6 Days on Market

Highlights

  • Deck
  • Traditional Floor Plan
  • Community Pool
  • Olney Elementary School Rated A
  • Traditional Architecture
  • Tennis Courts

About This Home

As of July 2025

Welcome home to this charming condo in a fantastic location! Upon entry, walk up to your new living space! Family room with fireplace, dining room, kitchen with breakfast room, bedroom, and full bath grace the first level! The second upper level features a 2nd bedroom and full bath. The deck off the kitchen offers views of a tot-lot and open field. This condo is situated in the heart of Olney! Conveniently located a short distance to all the amenities Olney has to offer like restaurants, shops, and the Olney Public Library, as well as a short drive to the ICC and other commuter routes. This one won't last!

Last Agent to Sell the Property

Karen Rollings

EXP Realty, LLC License #66514 Listed on: 04/28/2022

EXP Realty, LLC

Last Buyer's Agent

Laurie Lehman

EXP Realty, LLC License #RSR005676

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,801

Year Built

  • Built in 1987

HOA Fees

Home Design

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

Interior Spaces

  • 898 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Family Room Off Kitchen
  • Formal Dining Room
  • Carpet

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Room
  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Deck
  • Shed

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160802706467

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, pool(s), snow removal, trash, lawn maintenance
  • Low-Rise Condominium
  • Homeland Village Subdivision

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,801

Year Built

Built in 1987

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional, Unit/Flat
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Country, Kitchen - Table Space, Primary Bath(s), Tub Shower
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Dining Room, Bedroom 2, Kitchen, Family Room, Breakfast Room, Bedroom 1, Laundry, Full Bath
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 898
  • Living Area Sq Ft: 898
  • Price Per Sq Ft: 277.28
  • Above Grade Finished Sq Ft: 898
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18224

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 145.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 230.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pool(s), Snow Removal, Trash, Lawn Maintenance
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: OLNEY
  • Middle School: ROSA M. PARKS
  • High School: SHERWOOD
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: OLNEY
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Lot Info

  • Land Use Code: U
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: PD7
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2801.00
  • Assessor Parcel Number: 160802706467
  • Tax Total Finished Sq Ft: 898
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/23/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Jul 11, 2025
Sold by
Butler Rick Alan
Bought by
Mowell Melissa D
Seller's Agent
Laurie Lehman
EXP Realty, LLC
Buyer's Agent
Theresa Kaufman
EXP Realty, LLC
List Price
$325,000
Sold Price
$346,000
Premium/Discount to List
$21,000
6.46%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.49%
Original Mortgage
$146,000
Outstanding Balance
$145,877
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$193,846

Purchase Details

Listed on
Apr 28, 2022
Closed on
May 23, 2022
Sold by
Elizabeth Gearin Regina
Bought by
Butler Rick Alan
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Laurie Lehman
EXP Realty, LLC
List Price
$249,000
Sold Price
$271,500
Premium/Discount to List
$22,500
9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%

Purchase Details

Closed on
Nov 25, 2011
Sold by
Gearin Regina Elizabeth and Powell Regina E
Bought by
Gearin Regina Elizabeth

Purchase Details

Closed on
Jun 9, 2006
Sold by
Bishop Kenneth J
Bought by
Powell Regina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2006
Sold by
Bishop Kenneth J
Bought by
Powell Regina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2004
Sold by
Haddaway Mary R
Bought by
Bishop Kenneth J

Purchase Details

Closed on
Aug 1, 1995
Sold by
Hubbard Donna
Bought by
Haddaway Mary R
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 Type Sale Price Title Company
Deed $346,000 Main Street Settlements
Deed $346,000 Main Street Settlements
Deed $271,500 Ferguson John J
Interfamily Deed Transfer -- None Available
Deed $295,000 --
Deed $295,000 --
Deed $215,000 --
Deed $215,000 --
Deed $106,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $146,000 New Conventional
Closed $146,000 New Conventional
Previous Owner $248,000 New Conventional
Previous Owner $215,000 Purchase Money Mortgage
Previous Owner $215,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Sold $346,000 +6.5% $281 / Sq Ft
06/22/2025 06/22/25 Pending -- -- --
06/19/2025 06/19/25 For Sale $325,000 +19.7% $264 / Sq Ft
05/23/2022 05/23/22 Sold $271,500 +9.0% $302 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $249,000 -- $277 / 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 $4,099 $223,333 $0 $0
2019 $4,000 $220,000 $66,000 $154,000
2018 $1,960 $216,667 $0 $0
2017 $1,977 $213,333 $0 $0
2016 $1,806 $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

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Map

Source: Bright MLS

MLS Number: MDMC2048866

Bright MLS

APN: 08-02706467