NOT LISTED FOR SALE

18433 Wachs Terrace Olney, MD 20832

Estimated Value: $679,000 - $723,000

4 Beds
2 Baths
2,124 Sq Ft
$330/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $562,500 $265 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,447/month

6 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Doors with lever handles
  • Olney Elementary School Rated A
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2020

This stunning two-story home is on a large lot on a quiet cul-de-sac in a highly desirable neighborhood. Its spacious deck is a private haven designed to enrich a quiet morning with your first cup of coffee, while also creating an inviting atmosphere for family gatherings and dinner parties. The backyard is beautifully landscaped with a fenced-in yard and a charming shed that adds even more appeal to this property. The upper level is complete with gorgeous hardwood floors, ample natural light, and the kitchen is fresh with stainless steel appliances and granite countertops. The lower levels family room persuades one to relax with its wood-burning fireplace. Recent updates include smart home technology with a Nest thermostat, new carpeting on the lower level (8/2020), an HVAC recently installed (8/2020), and fresh paint on both levels, including the ceilings (6/2020). Enjoy a walk to the neighborhood park down the street or take a short drive to the local library, shops and restaurants; there are many activities nearby to engage in. Reserve your private home tour now!

Last Listed By

Michael Overton

Fox Real Estate Advisors License #36655 Listed on: 09/19/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 1972

Lot Details

  • 0.39 Acre Lot
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Split Foyer
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace

Bedrooms and Bathrooms

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Basement Windows

Accessible Home Design

  • Doors with lever handles

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Olney Square Subdivision

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 160800766026

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,018

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Foyer
  • Accessibility Features: Doors - Lever Handle(s)
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2020-09-20
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: This stunning two-story home is on a large lot on a quiet cul-de-sac in a highly desirable neighborhood. Its spacious deck is a private haven designed to enrich a quiet morning with your first cup of coffee, while also creating an inviting atmosphere for family gatherings and dinner parties. The backyard is beautifully landscaped with a fenced-in yard and a charming shed that adds even more appeal to this property. The upper level is complete with gorgeous hardwood floors, ample natural light, and the kitchen is fresh with stainless steel appliances and granite countertops. The lower levels family room persuades one to relax with its wood-burning fireplace. Recent updates include smart home technology with a Nest thermostat, new carpeting on the lower level (8/2020), an HVAC recently installed (8/2020), and fresh paint on both levels, including the ceilings (6/2020). Enjoy a walk to the neighborhood park down the street or take a short drive to the local library, shops and restaurants; there are many activities nearby to engage in. Reserve your private home tour now!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished, Walkout Level, Windows
  • Total Sq Ft: 2124
  • Living Area Sq Ft: 2124
  • Price Per Sq Ft: 494.11
  • Above Grade Finished Sq Ft: 1103
  • Below Grade Finished Sq Ft: 1021
  • Total Below Grade Sq Ft: 1021
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18433

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle, Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • 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: 167600.00
  • Land Assessed Value: 269300.00
  • Land Use Code: 011
  • Lot Size Acres: 0.39
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17164.00
  • Year Assessed: 2020
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13935380
  • Tax Annual Amount: 5018.00
  • Assessor Parcel Number: 160800766026
  • Tax Lot: 26
  • Tax Total Finished Sq Ft: 1613
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/30/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Oct 30, 2020
Sold by
Heintze Steven O and Heintze Judy E
Bought by
Lopez Luis A and Fong Vivian E
Seller's Agent
Michael Overton
Fox Real Estate Advisors
Buyer's Agent
Dolores Maloney
Long & Foster Real Estate, Inc.
List Price
$545,000
Sold Price
$562,500
Premium/Discount to List
$17,500
3.21%
Total Days on Market
6
Current Estimated Value
$701,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,397
Avg. Annual Appreciation
4.75%
Original Mortgage
$534,375
Outstanding Balance
$480,911
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$214,810

Purchase Details

Closed on
Jan 9, 1995
Sold by
Gillespie Joe D
Bought by
Heintze Steven O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
9.23%

Range of Values:

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Average Value
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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
Lopez Luis A $562,500 Rgs Title Llc
Heintze Steven O $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Luis A $534,375
Previous Owner Heintze Steven O $183,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $562,500 +3.2% $265 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/19/2020 09/19/20 For Sale $545,000 -- $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
2024 $6,211 $500,633 $0 $0
2023 $5,128 $468,767 $0 $0
2022 $4,537 $436,900 $269,300 $167,600
2021 $4,444 $433,367 $0 $0
2020 $8,761 $429,833 $0 $0
2019 $4,326 $426,300 $269,300 $157,000
2018 $4,327 $426,300 $269,300 $157,000
2017 $4,646 $426,300 $0 $0
2016 $3,728 $438,000 $0 $0
2015 $3,728 $420,733 $0 $0
2014 $3,728 $403,467 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC726214

Bright MLS

APN: 08-00766026