NOT LISTED FOR SALE

Estimated Value: $1,367,773 - $2,697,000

5 Acres
$364,072 Price per Acre
219,542 Sq Ft Lot

Last Sold January 12, 2023

Last sale price $425,000

Est. 332% increase in value since last sale

Current estimated payment $10,979/month

129 Days on Market

Highlights

  • Horses Allowed On Property
  • 5.04 Acre Lot
  • No HOA
  • Sherwood Elementary School Rated A
  • Pasture Views

About This Lot

As of January 2023

Beautiful 8-lot section of Brooke Meadows subdivision of 5-acre lots surrounding the original operating horse farm located just outside Olney in rural Sandy Spring. Well in place and Perc approved. Close proximity to ICC, shopping, and amenities. Other lots available - 4,5,7 & 8.

Last Agent to Sell the Property

Joe Anselmo

Samson Properties Listed on: 06/25/2022

Samson Properties

Co-Listed By

Michelle McLeod

Samson Properties License #526722

Last Buyer's Agent

Lauren McBain

RE/MAX Realty Centre, Inc.

RE/MAX Realty Centre, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,772

Lot Details

  • 5.04 Acre Lot
  • Cleared Lot
  • Lots 4,5,7,8
  • No Building Permits
  • Property is zoned RURAL

Schools

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

Utilities

  • Well
  • Well Permit on File
  • Perc Approved Septic

Additional Features

  • Pasture Views
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Brooke Meadows HOA
  • Brooke Meadow Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 160803227240

Property Details

Property Type

Land

Est. Annual Taxes

$11,772

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Historic: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful 8-lot section of Brooke Meadows subdivision of 5-acre lots surrounding the original operating horse farm located just outside Olney in rural Sandy Spring. Well in place and Perc approved. Close proximity to ICC, shopping, and amenities. Other lots available - 4,5,7 & 8.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 2.05
  • Street Number Modifier: 18562

Exterior Features

  • Construction Completed: No
  • View: Pasture
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Perc Approved Septic
  • Water Source: Well, Well Permit On File

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Name: BROOKE MEADOWS
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: SHERWOOD
  • Middle School: WILLIAM H. FARQUHAR
  • High School: SHERWOOD
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: SHERWOOD
  • High School: SHERWOOD
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Lot Info

  • Horses: Yes
  • Additional Parcels: Yes
  • Additional Parcels Description: Lots 4,5,7,8
  • Agricultural Tax Fee: Yes
  • Land Use Code: A
  • Lot Features: Cleared
  • Lot Size Acres: 5.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 219542.00
  • Perc Type: Approved
  • Possible Use: Agriculture, Residential
  • Soil Types: Unknown
  • Topography Description: Gently sloping/flat
  • Year Assessed: 2022
  • Zoning: RURAL
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14070133
  • Tax Annual Amount: 28.00
  • Assessor Parcel Number: 160803227240
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 01/12/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Jan 12, 2023
Sold by
Gilbert L Porter Family Trust
Bought by
Blum Jeff and Surkin Rachel
Seller's Agent
Joe Anselmo
Samson Properties
Buyer's Agent
Lauren McBain
RE/MAX Realty Centre, Inc.
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Views
18
Current Estimated Value
$1,834,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,924
Avg. Annual Appreciation
75.58%
Original Mortgage
$1,425,000
Interest Rate
5%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Blum Jeff $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Surkin Rachel $121,600
Closed Surkin Rachel M $0
Closed Blum Jeff $1,425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $425,000 -5.6% --
11/01/2022 11/01/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $450,000 -- --
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 $11,772 $1,007,233 -- --
2024 $11,772 $923,867 $0 $0
2023 $0 $2,500 $2,500 $0
2022 $28 $2,500 $2,500 $0
2021 $28 $2,500 $2,500 $0
2020 $28 $2,500 $2,500 $0
2019 $28 $2,500 $2,500 $0
2018 $28 $2,500 $2,500 $0
2017 $28 $2,500 $0 $0
2016 -- $2,500 $0 $0
2015 $3,807 $300,133 $0 $0
2014 $3,807 $291,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2058402

Bright MLS

APN: 08-03227240