NOT LISTED FOR SALE

18315 Leman Lake Dr Unit 705 Olney, MD 20832

Estimated Value: $311,000 - $323,000

2 Beds
1.5 Baths
1,032 Sq Ft
2,396 Sq Ft Lot

Last Sold April 16, 2021

Last sale price $258,000 $250 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,953/month

Highlights

  • Penthouse
  • Contemporary Architecture
  • Living Room
  • Brooke Grove Elementary School Rated A
  • Community Pool
  • Central Air

About This Home

As of June 2023

Lovely 2 Bedroom/ 1 1/2 Bathroom condo backing to Lake in Fair Hill! The rent includes trash, snow removal, swimming pool, tennis courts and tot lots. A stone’s throw from Olney retail and restaurants. Tip Top Condition and ready for June 1st occupancy. No Pets please. Must have credit score of 700+!

Last Agent to Rent the Property

Susan Ellis

(301) 367-9032 susanellishomes@gmail.com RE/MAX Realty Centre, Inc. License #504124 Listed on: 05/27/2023

RE/MAX Realty Centre, Inc.

Co-Listed By

Tracy Onslow

(410) 829-2219 tonslow@gmail.com RE/MAX Realty Centre, Inc.

Last Renter's Agent

Susan Ellis

(301) 367-9032 susanellishomes@gmail.com RE/MAX Realty Centre, Inc. License #504124 Listed on: 05/27/2023

RE/MAX Realty Centre, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,402

Year Built

  • Built in 1987

Lot Details

  • Property is in very good condition

Home Design

  • Penthouse
  • Contemporary Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,032 Sq Ft Home
  • Property has 2 Levels
  • Wood Burning Fireplace
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Assigned parking located at #231
  • Parking Lot
  • 1 Assigned Parking Space

Schools

  • Brooke Grove Elementary School
  • William H. Farquhar Middle School
  • Sherwood High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,900
  • Rent includes trash removal, hoa/condo fee
  • 12-Month Lease Term
  • Available 6/1/23
  • Assessor Parcel Number 160802784631

Community Details

Overview

  • Property has a Home Owners Association
  • Low-Rise Condominium
  • Fair Hill Codm Community
  • Fair Hill Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,402

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Date Available: 2023-06-01
  • Pets Allowed: No
  • Rent Includes: Trash Removal, Hoa/Condo Fee
  • Security Deposit: 1900.00
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-05-27
  • Year Built: 1987
  • Assigned Parking Space Numbers: 231
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Water Heater, Washer/Dryer Stacked, Stove, Refrigerator
  • Entry Floor: 2
  • Fireplace Features: Wood
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Kitchen
  • Basement: No
  • Total Sq Ft: 1032
  • Living Area Sq Ft: 1032
  • Price Per Sq Ft: 1.84
  • Above Grade Finished Sq Ft: 1032
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: 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 Fee Frequency: Unknown
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: BROOKE GROVE
  • High School: SHERWOOD
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Lot Info

  • Property Condition: Very Good
  • Zoning: PD9

Tax Info

  • Assessor Parcel Number: 13938135
  • Assessor Parcel Number: 160802784631

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 16, 2021
Sold by
Kim Jong Chul and Kim Young Myung
Bought by
Mazie Kara
Seller's Agent
Lea Yi
Top Pro Realtors
Buyer's Agent
Susan Ellis
RE/MAX Realty Centre, Inc.
List Price
$264,900
Sold Price
$258,000
Premium/Discount to List
-$6,900
-2.6%
Current Estimated Value
$317,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,204
Avg. Annual Appreciation
4.67%
Original Mortgage
$253,326
Outstanding Balance
$228,723
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$88,481

Purchase Details

Closed on
Apr 7, 2008
Sold by
Thompson Terri L
Bought by
Kim Jong Chul

Purchase Details

Closed on
Mar 26, 2008
Sold by
Thompson Terri L
Bought by
Kim Jong Chul

Purchase Details

Closed on
Aug 14, 2001
Sold by
Tobin David E
Bought by
Thompson Terri L

Purchase Details

Closed on
May 14, 2001
Sold by
Tobin David E
Bought by
Tobin David E
Source: Public Records

Range of Values:

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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
Mazie Kara $258,000 Home Settlement Centre Llc
Kim Jong Chul $230,000 --
Kim Jong Chul $230,000 --
Thompson Terri L $118,000 --
Tobin David E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mazie Kara $253,326
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2023 06/01/23 Rented $1,900 0.0% --
05/28/2023 05/28/23 Under Contract -- -- --
05/27/2023 05/27/23 For Rent $1,900 0.0% --
04/16/2021 04/16/21 Sold $258,000 -2.6% $250 / Sq Ft View Prior Sale
03/15/2021 03/15/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $264,900 -- $257 / 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 $3,402 $285,000 $85,500 $199,500
2024 $3,402 $263,333 $0 $0
2023 $3,825 $241,667 $0 $0
2022 $2,076 $220,000 $66,000 $154,000
2021 $2,609 $210,000 $0 $0
2020 $2,476 $200,000 $0 $0
2019 $2,354 $190,000 $57,000 $133,000
2018 $2,313 $186,667 $0 $0
2017 $2,317 $183,333 $0 $0
2016 $2,173 $180,000 $0 $0
2015 $2,173 $180,000 $0 $0
2014 $2,173 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Ellis

    Landlord's Agent in 2023

    Susan Ellis

    RE/MAX

    (301) 367-9032

    65 in this area

    124 Total Sales

    Susan Ellis
    Section Image
  • Tracy Onslow

    Landlord's Co-Listing Agent in 2023

    Tracy Onslow

    RE/MAX

    (410) 829-2219

    61 in this area

    120 Total Sales

    Tracy Onslow
    Section Image
  • Lea Yi

    Seller's Agent in 2021

    Lea Yi

    Top Pro Realtors

    2 in this area

    9 Total Sales

    Lea Yi
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2093846

Bright MLS

APN: 08-02784631

Maryland Montgomery County Olney 20832

18315 Leman Lake Dr Unit 705, Olney, MD

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