NOT LISTED FOR SALE

18239 Leman Lake Dr Olney, MD 20832

Estimated Value: $325,000 - $344,000

3 Beds
2 Baths
1,145 Sq Ft
2,222 Sq Ft Lot

Last Sold March 07, 2014

Last sale price $235,000 $205 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,020/month

Highlights

  • Waterfront
  • Water Oriented
  • Clubhouse
  • Brooke Grove Elementary School Rated A
  • Open Floorplan
  • Pond

About This Home

As of September 2018

Beautiful, bright top floor, 3 BR, END UNIT! New carpet & laminate. 2 balconies overlooking pond. Includes 2 mounted smart TV s! In the heart of Olney! Close to Harris Teeter, Grill Marx, Greene Turtle & all the shops! Hurry! This one will not last long!

Last Agent to Rent the Property

Elaine Koch

(301) 840-7320 elaine@elainekoch.com Long & Foster Real Estate, Inc. Listed on: 07/28/2018

Long & Foster Real Estate, Inc.

Co-Listed By

Terri England

(323) 823-7880 terri@elainekoch.com Long & Foster Real Estate, Inc.

Last Renter's Agent

Elaine Koch

(301) 840-7320 elaine@elainekoch.com Long & Foster Real Estate, Inc. Listed on: 07/28/2018

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,287

Year Built

  • Built in 1987

Lot Details

  • Waterfront

Parking

  • 1 Assigned Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,145 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Window Treatments
  • Combination Kitchen and Living
  • Water Views
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Pond

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,990
  • Tenant pays for frozen waterpipe damage, insurance, electricity, all utilities, water, trash removal
  • Rent includes hoa/condo fee, lawn service
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 8/1/18
  • $45 Application Fee
  • Assessor Parcel Number 160802767000

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include lawn maintenance, snow removal, trash
  • Low-Rise Condominium
  • Fair Hill Codm Community
  • Fair Hill Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Clubhouse
  • Party Room

Recreation

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

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,287

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Date Available: 2018-08-01
  • Application Fee: 45.00
  • Lease Term: 12 Months
  • Pets Allowed: No
  • Rent Includes: Hoa/Condo Fee, Lawn Service
  • Security Deposit: 1990.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Frozen Waterpipe Damage, Insurance, Electricity, Utilities - All, Water, Trash Removal
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Oven - Single, Oven - Self Cleaning, Refrigerator, Stove, Washer/Dryer Stacked, Water Heater
  • Interior Amenities: Combination Kitchen/Living, Kitchen - Table Space, Entry Level Bedroom, Upgraded Countertops, Window Treatments, Primary Bath(s), Floor Plan - Open
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Top Floor
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1145
  • Living Area Sq Ft: 1145
  • Price Per Sq Ft: 1.74
  • Above Grade Finished Sq Ft: 1145
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • View: Water
  • Water Access: No
  • Water Body Name: POND
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Party Room, Picnic Area, Club House, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Rules: Covenants
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Zoning: PD9

Multi Family

  • Dock Slip Conveyance: None Available

Tax Info

  • Assessor Parcel Number: 13887646
  • Assessor Parcel Number: 160802767000

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2014
Closed on
Mar 7, 2014
Sold by
Spellman Joseph J and Spellman Jo E
Bought by
Saar Rhena M
Seller's Agent
Henry Dahlen
Long & Foster Real Estate, Inc.
Buyer's Agent
George Corbi
Real Estate Teams, LLC
List Price
$237,900
Sold Price
$235,000
Premium/Discount to List
-$2,900
-1.22%
Current Estimated Value
$333,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,509
Avg. Annual Appreciation
3.05%
Original Mortgage
$176,250
Outstanding Balance
$128,288
Interest Rate
3.33%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$205,221

Purchase Details

Listed on
Aug 30, 2013
Closed on
Oct 10, 2013
Sold by
Sullivan Terry K and Pedersen Jean N
Bought by
Spellman Joseph J and Spellman Jo E
Seller's Agent
Andrew Billig
A.J. Billig & Company
Buyer's Agent
Andrew Billig
A.J. Billig & Company
List Price
$140,000
Sold Price
$166,000
Premium/Discount to List
$26,000
18.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.45%

Purchase Details

Closed on
May 5, 1988
Bought by
Pederson Eric N
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
Saar Rhena M $235,000 None Available
Spellman Joseph J $166,000 None Available
Pederson Eric N $91,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saar Rhena M $176,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2018 09/01/18 Rented $1,900 -4.5% --
08/19/2018 08/19/18 Under Contract -- -- --
07/28/2018 07/28/18 For Rent $1,990 0.0% --
03/07/2014 03/07/14 Sold $235,000 -1.2% $205 / Sq Ft View Prior Sale
01/18/2014 01/18/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $237,900 +43.3% $208 / Sq Ft
10/10/2013 10/10/13 Sold $166,000 +18.6% $145 / Sq Ft View Prior Sale
09/20/2013 09/20/13 Pending -- -- --
08/30/2013 08/30/13 For Sale $140,000 -- $122 / 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 $265,000 $79,500 $185,500
2024 $3,287 $253,333 $0 $0
2023 $2,441 $241,667 $0 $0
2022 $1,854 $230,000 $69,000 $161,000
2021 $1,999 $226,667 $0 $0
2020 $2,042 $223,333 $0 $0
2019 $3,985 $220,000 $66,000 $154,000
2018 $1,915 $213,333 $0 $0
2017 $1,855 $206,667 $0 $0
2016 -- $200,000 $0 $0
2015 $1,696 $200,000 $0 $0
2014 $1,696 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002117980

Bright MLS

APN: 08-02767000