NOT LISTED FOR SALE

18229 Leman Lake Dr Unit 503A Olney, MD 20832

Estimated Value: $317,000 - $325,000

2 Beds
2.5 Baths
1,137 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $210,000 $185 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,288/month

Highlights

  • Open Floorplan
  • Lake Privileges
  • Living Room
  • Brooke Grove Elementary School Rated A
  • 1 Fireplace
  • En-Suite Primary Bedroom

About This Home

As of July 2016

Welcome to your next home! This 2 bedroom 2.5 bathroom home in the heart of Olney features brand new kitchen countertops, new appliances, new tile on the master bathroom floor, in addition to a fireplace and patio view to the lake! This is the only 2 bedroom with 2 full bathrooms available in this area! Sellers are also providing an HMS home warranty! All offers will be reviewed on June 1st 2016!

Last Agent to Sell the Property

Calvin Stewart

(240) 472-7453 calvinpstewart@gmail.com Stewart Real Estate, LLC Listed on: 05/11/2016

Co-Listed By

Lucia Denhard

(301) 908-5288 Lucia.Denhard@exprealty.com EXP Realty, LLC

Last Buyer's Agent

Peggy Lyn Speicher

(808) 495-3525 peggylyn@speichergroup.com Real Broker, LLC - Gaithersburg License #324114

Real Broker, LLC - Gaithersburg

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1987

Lot Details

  • 2,222

HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Split Foyer
  • Vinyl Siding

Interior Spaces

  • 1,137 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • 1 Fireplace
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Lake Privileges
  • Two or More Common Walls

Community Details

  • Association fees include lawn maintenance, management, insurance, snow removal
  • Fair Hill Codm Community
  • Fair Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160802766927

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,244

Year Built

Built in 1987

Lot Details

0

HOA Fees

$329 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Split Foyer
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2016-05-11
  • Year Built: 1987
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Dining Area, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Entry Location: 1st Floor
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1137
  • Living Area Sq Ft: 1137
  • Price Per Sq Ft: 184.70
  • Above Grade Finished Sq Ft: 1137
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • 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: 99.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 296.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Management, Insurance, Snow Removal
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 126000.00
  • Land Assessed Value: 54000.00
  • Zoning: PD9

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13938048
  • Tax Annual Amount: 2243.76
  • Assessor Parcel Number: 160802766927
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
Jul 5, 2016
Sold by
Smith Kemberlei and Smith Joshua
Bought by
Abeywickrama Sidhat A and Talukdar Priyam
Seller's Agent
Calvin Stewart
Stewart Real Estate, LLC
Buyer's Agent
Peggy Lyn Speicher
Real Broker, LLC - Gaithersburg
List Price
$210,000
Sold Price
$210,000
Current Estimated Value
$321,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,753
Avg. Annual Appreciation
4.68%
Original Mortgage
$199,500
Outstanding Balance
$90,546
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$231,208

Purchase Details

Listed on
Dec 28, 2011
Closed on
Jul 17, 2012
Sold by
Gauthier Jennifer
Bought by
Price Kemberlei and Smith Joshua
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Karen Rollings
EXP Realty, LLC
List Price
$189,000
Sold Price
$160,000
Premium/Discount to List
-$29,000
-15.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$160,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Carrington Cynthia S
Bought by
Gauthier Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.34%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 11, 2006
Sold by
Carrington Cynthia S
Bought by
Gauthier Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.34%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 25, 2001
Sold by
Sec Of Housing & Urban Dev
Bought by
Carrington Cynthia S

Purchase Details

Closed on
Jan 5, 2001
Sold by
Montalvo Oscar G
Bought by
Sec Of Housing & Urban Dev
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
Abeywickrama Sidhat A $210,000 First American Title Ins Co
Price Kemberlei $160,000 The Security Title Guarantee
Gauthier Jennifer $275,000 --
Gauthier Jennifer $275,000 --
Gauthier Jennifer $275,000 --
Gauthier Jennifer $275,000 --
Carrington Cynthia S $108,000 --
Sec Of Housing & Urban Dev $106,044 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abeywickrama Sidhat A $199,500
Previous Owner Price Kemberlei $160,000
Previous Owner Gauthier Jennifer $55,000
Previous Owner Gauthier Jennifer $220,000
Previous Owner Gauthier Jennifer $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2016 07/01/16 Sold $210,000 0.0% $185 / Sq Ft
05/30/2016 05/30/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $210,000 +31.3% $185 / Sq Ft
07/17/2012 07/17/12 Sold $160,000 -5.3% $141 / Sq Ft View Prior Sale
03/20/2012 03/20/12 Pending -- -- --
02/22/2012 02/22/12 Price Changed $169,000 -10.6% $149 / Sq Ft
12/28/2011 12/28/11 For Sale $189,000 -- $166 / 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 $3,287 $270,000 $81,000 $189,000
2024 $3,287 $253,333 $0 $0
2023 $2,383 $236,667 $0 $0
2022 $1,773 $220,000 $66,000 $154,000
2021 $1,954 $213,333 $0 $0
2020 $3,715 $206,667 $0 $0
2019 $3,544 $200,000 $60,000 $140,000
2018 $1,694 $193,333 $0 $0
2017 $1,625 $186,667 $0 $0
2016 $1,481 $180,000 $0 $0
2015 $1,481 $180,000 $0 $0
2014 $1,481 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Calvin Stewart

    Seller's Agent in 2016

    Calvin Stewart

    Stewart Real Estate, LLC

    (240) 472-7453

    4 in this area

    50 Total Sales

    Calvin Stewart
    Section Image
  • Lucia Denhard

    Seller Co-Listing Agent in 2016

    Lucia Denhard

    EXP Realty, LLC

    (301) 908-5288

    58 Total Sales

    Lucia Denhard
    Section Image
  • Peggy Lyn Speicher

    Buyer's Agent in 2016

    Peggy Lyn Speicher

    Real Broker, LLC - Gaithersburg

    (808) 495-3525

    5 in this area

    154 Total Sales

    Peggy Lyn Speicher
    Section Image
  • Karen Rollings

    Seller's Agent in 2012

    Karen Rollings

    EXP Realty, LLC

    (301) 924-8200

    230 in this area

    508 Total Sales

    Karen Rollings
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002421530

Bright MLS

APN: 08-02766927

Maryland Montgomery County Olney 20832

18229 Leman Lake Dr Unit 503A, Olney, MD

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