NOT LISTED FOR SALE

18245 Leman Lake Dr Unit 608A Olney, MD 20832

Estimated Value: $332,000 - $372,831

3 Beds
2.5 Baths
1,250 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $321,500 $257 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,656/month

3 Days on Market

Highlights

  • Lake View
  • Community Lake
  • Wood Flooring
  • Brooke Grove Elementary School Rated A
  • Contemporary Architecture
  • 1 Fireplace

About This Home

As of June 2022

*** Offer deadline has been established for 10am Monday 5/30***
Welcome home and enjoy the beautiful lakefront views! This recently renovated lower level end unit with 3 BR, 2 1/2 BA condo/townhouse has so many upgrades for you to appreciate! It's beautiful hardwood floors, gourmet kitchen with stainless steel appliances, Silestone countertops, designer cabinets and beautiful back splash as well as upgraded bathrooms is the home you've been looking for! Conveniently located in the heart of Olney, close to shopping and restaurants! This one won't last long.. make it yours today!

Last Agent to Sell the Property

James Polhemus

Coldwell Banker Realty License #0225262341 Listed on: 05/27/2022

Coldwell Banker Realty

Last Buyer's Agent

Siu Wong

Global One License #629936

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,903

Year Built

  • Built in 1987

Lot Details

  • Property is in excellent condition

HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,250 Sq Ft Home
  • Property has 4 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Wood Flooring
  • Lake Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • 1 Assigned Parking Space

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160802781477

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, snow removal, exterior building maintenance, trash
  • Environ HOA
  • Fair Hill Codm Community
  • Fair Hill Subdivision
  • Community Lake

Amenities

  • Common Area

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,903

Year Built

Built in 1987

Lot Details

0

HOA Fees

$419 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-05-28
  • Federal Flood Zone: No
  • Year Built: 1987
  • Assigned Parking Space Numbers: 203
  • Automatically Close On Close Date: No
  • Remarks Public: *** Offer deadline has been established for 10am Monday 5/30*** Welcome home and enjoy the beautiful lakefront views! This recently renovated lower level end unit with 3 BR, 2 1/2 BA condo/townhouse has so many upgrades for you to appreciate! It's beautiful hardwood floors, gourmet kitchen with stainless steel appliances, Silestone countertops, designer cabinets and beautiful back splash as well as upgraded bathrooms is the home you've been looking for! Conveniently located in the heart of Olney, close to shopping and restaurants! This one won't last long.. make it yours today!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Floors In Unit Count: 2
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1250
  • Living Area Sq Ft: 1250
  • Price Per Sq Ft: 231.92
  • Above Grade Finished Sq Ft: 1250
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18245

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: No
  • View: Lake
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 155.56
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 366.74
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Lake
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal, Ext Bldg Maint, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Name: ENVIRON
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 168000.00
  • Land Assessed Value: 72000.00
  • Land Use Code: U
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: 011
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13887725
  • Tax Annual Amount: 2903.00
  • Assessor Parcel Number: 160802781477
  • Tax Total Finished Sq Ft: 1250
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/28/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 28, 2022
Sold by
Polhemus Erin M
Bought by
Wehling Madison and Cromwell Spencer
Seller's Agent
James Polhemus
Coldwell Banker Realty
Buyer's Agent
Siu Wong
Global One
List Price
$289,900
Sold Price
$321,500
Premium/Discount to List
$31,600
10.9%
Current Estimated Value
$354,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,708
Avg. Annual Appreciation
3.30%
Original Mortgage
$285,950
Outstanding Balance
$274,008
Interest Rate
5.09%
Mortgage Type
Balloon
Estimated Equity
$82,089

Purchase Details

Closed on
May 7, 2020
Sold by
Kilbourne Cheyne H and Kilbourne Erin M
Bought by
Polhemus Erin

Purchase Details

Closed on
Mar 4, 2009
Sold by
Kilbourne Cheyne H
Bought by
Kilbourne Cheyne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,855
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 2007
Sold by
Lee Hyun Soon
Bought by
Kilbourne Cheyne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2005
Sold by
Hoiberg Paul B
Bought by
Lee Hyun Soon

Purchase Details

Closed on
Jun 11, 1997
Sold by
Hoiberg Paul B
Bought by
Hoiberg Paul B

Purchase Details

Closed on
Sep 29, 1994
Sold by
Scuderi Margaret M
Bought by
Hoiberg Paul B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
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
Wehling Madison $321,500 Markham Christopher
Polhemus Erin -- Accommodation
Kilbourne Cheyne H -- --
Kilbourne Cheyne H $285,000 --
Lee Hyun Soon $270,000 --
Hoiberg Paul B -- --
Hoiberg Paul B $117,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wehling Madison $285,950
Previous Owner Kilbourne Cheyne H $252,025
Previous Owner Kilbourne Cheyne H $264,855
Previous Owner Polhemus Erin M $225,000
Previous Owner Hoiberg Paul B $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $321,500 +10.9% $257 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $289,900 0.0% $232 / Sq Ft
02/01/2017 02/01/17 Rented $1,795 -5.5% --
01/20/2017 01/20/17 Under Contract -- -- --
11/16/2016 11/16/16 For Rent $1,900 -- --
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 $3,678 $311,000 $93,300 $217,700
2024 $3,678 $287,333 $0 $0
2023 $2,694 $263,667 $0 $0
2022 $2,297 $240,000 $72,000 $168,000
2021 $2,904 $236,667 $0 $0
2020 $5,688 $233,333 $0 $0
2019 $5,590 $230,000 $69,000 $161,000
2018 $2,754 $226,667 $0 $0
2017 $2,085 $223,333 $0 $0
2016 $1,910 $220,000 $0 $0
2015 $1,910 $220,000 $0 $0
2014 $1,910 $220,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2052826

Bright MLS

APN: 08-02781477