NOT LISTED FOR SALE

18503 Meadowland Terrace Olney, MD 20832

Estimated Value: $853,000 - $922,000

4 Beds
3.5 Baths
2,610 Sq Ft
$336/Sq Ft Est. Value

Last Sold March 13, 2023

Last sale price $817,001 $313 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,287/month

4 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • 2 Car Direct Access Garage
  • Brooke Grove Elementary School Rated A
  • Community Pool
  • Community Playground

About This Home

As of March 2023

*OFFERS DUE MONDAY FEBRUARY 13 BY 2PM*

Welcome to this amazing Olney Colonial! This one has it all! Brick front, cul-de-sac, backs to woods! Family room with fireplace opens to the kitchen which was a 50k remodel in 2020!!! The basement is finished with walkout, recroom, full bath and a nice den that the family uses as a guest bedroom because the walkout is right there!!! The upper level features four large bedrooms and two full baths. This sun-filled home won't last!!! Don't miss the vaulted ceilings, skylights and newer roof! Open Saturday February 11.

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 02/09/2023

EXP Realty, LLC

Last Buyer's Agent

John Coleman

(202) 427-9689 john@jasonmartingroup.com Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,585

Year Built

  • Built in 1993

Lot Details

  • 6,957 Sq Ft Lot
  • Property is zoned RE2

HOA Fees

  • $53 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 158
  • Assessor Parcel Number 160803002255

Community Details

Overview

  • Association fees include common area maintenance, pool(s)
  • James Creek Subdivision

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,585

Year Built

Built in 1993

Lot Details

0

HOA Fees

$53 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-02-10
  • Year Built: 1993
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 3072
  • Living Area Sq Ft: 2610
  • Price Per Sq Ft: 377.04
  • Above Grade Finished Sq Ft: 1960
  • Below Grade Finished Sq Ft: 650
  • Below Grade Sq Ft: 462
  • Total Below Grade Sq Ft: 1112
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Refuse: 244.78
  • 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

  • HOA Fees: 53.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s)
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

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

  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6957.00
  • Zoning: RE2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6585.00
  • Assessor Parcel Number: 160803002255
  • Tax Lot: 158
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Mar 13, 2023
Sold by
Briton Zachary F
Bought by
Thole Gavin and Ponte Elena
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
John Coleman
Real Broker, LLC
List Price
$739,000
Sold Price
$817,001
Premium/Discount to List
$78,001
10.55%
Views
21
Current Estimated Value
$875,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,955
Avg. Annual Appreciation
2.68%
Original Mortgage
$592,001
Outstanding Balance
$573,281
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$302,675

Purchase Details

Listed on
Oct 8, 2015
Closed on
Jan 29, 2016
Sold by
Evans Gregory L and Evans Marian
Bought by
Briton Zachary F and Briton Emily M
Seller's Agent
Michael Ray
Sunshine Properties Inc.
Buyer's Agent
Rino Maddalena
Long & Foster Real Estate, Inc.
List Price
$589,500
Sold Price
$577,000
Premium/Discount to List
-$12,500
-2.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
Original Mortgage
$461,600
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 1994
Sold by
Nvr Homes Inc
Bought by
Evans Gregory L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
7.11%

Purchase Details

Closed on
Aug 3, 1993
Sold by
James Creek Corporation
Bought by
Ryan Operations G P
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
Thole Gavin $817,000 Main Street Settlements
Thole Gavin $817,000 Main Street Settlements
Briton Zachary F $577,000 Rgs Title Llc
Evans Gregory L $266,325 --
Ryan Operations G P $179,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thole Gavin $592,001
Closed Thole Gavin $592,001
Previous Owner Briton Zachary F $461,600
Previous Owner Evans Gregory L $253,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2023 03/13/23 Sold $817,001 +10.6% $313 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $739,000 +28.1% $283 / Sq Ft
01/29/2016 01/29/16 Sold $577,000 -2.1% $221 / Sq Ft View Prior Sale
12/09/2015 12/09/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $589,500 0.0% $226 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
11/18/2015 11/18/15 Price Changed $589,500 -1.7% $226 / Sq Ft
10/22/2015 10/22/15 Price Changed $599,900 -2.4% $230 / Sq Ft
10/08/2015 10/08/15 For Sale $614,900 -- $236 / 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 $7,787 $710,767 -- --
2024 $7,787 $637,533 $0 $0
2023 $6,229 $564,300 $242,300 $322,000
2022 $5,893 $559,767 $0 $0
2021 $5,714 $555,233 $0 $0
2020 $5,714 $550,700 $242,300 $308,400
2019 $5,306 $515,100 $0 $0
2018 $4,914 $479,500 $0 $0
2017 $4,611 $443,900 $0 $0
2016 -- $438,067 $0 $0
2015 $5,347 $432,233 $0 $0
2014 $5,347 $426,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2082106

Bright MLS

APN: 08-03002255