NOT LISTED FOR SALE

2803 Covent Garden Terrace Olney, MD 20832

Estimated Value: $822,000 - $965,000

4 Beds
4 Baths
3,488 Sq Ft
$253/Sq Ft Est. Value

Last Sold April 19, 2022

Last sale price $826,000 $237 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,423/month

3 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Cathedral Ceiling
  • Sherwood Elementary School Rated A
  • Community Lake
  • Wood Flooring

About This Home

As of April 2022

You will love everything about this wonderful 4-bedroom home with two full and two half baths as well as a finished lower level set on a private lot located on a cul-de-sac in popular Hallowell. This gem has a delightful brick front porch, as well as an expansive rear flagstone patio which are perfect spots to enjoy your morning coffee! The fenced rear yard is just waiting for gathering and fun outdoor activities. MAIN LEVEL: A flagstone walkway leads you up to the cozy front porch. Upon entering the spacious 2-story foyer, you will be met with gorgeous hardwood flooring and an impressive staircase. To the right is a spacious Living Room (currently being used as a Dining Room) with a beautiful bay window and two tall windows providing lots of natural light. Beyond the Living Room, the wood flooring continues into the Dining Room with yet another pretty bay window - both rooms are adorned with crown molding. The Kitchen with a large, yet cozy breakfast nook and wood flooring is dressed up with a bay window and a lighted ceiling fan and the Kitchen features oak cabinets, ceramic-tile backsplash, stainless appliances including a side-by-side refrigerator with ice/water on the door, a prep island, a convenient pantry and is open to the Family Room. The delightful Family Room is the heart of the home and has a brick-front, wood-burning fireplace with handsome wood surround/mantel and an abundance of recessed lighting. A sliding glass door leads to the flagstone patio perfect for enjoying get-togethers. The Mud Room has custom-built cubbies with overhead cabinetry and a renovated Powder Room and foyer coat closet complete the main level. UPPER LEVEL: Upon reaching the upper level, you will find a lovely Primary Suite with soaring cathedral ceilings, an abundance of windows, a lighted ceiling fan, and a large customized walk-in closet. The upscale and completely renovated en-suite bathroom features a stand-alone soaking tub and a spectacular oversized shower with designer-tiled walls, a tiled bench, shower head and hand-held combo, as well as a toiletries niche. The Primary Suite is truly an oasis! Three additional bedrooms, each with lighted ceiling fans, an updated hall bath with tub/shower combination and double-sink vanity, and a linen closet finish the upper level. LOWER LEVEL: The finished Lower Level is amazing with multiple gathering areas, recessed lighting, a renovated Powder Room. A large storage area/laundry room complete this level. RECENT IMPROVEMENTS: 2021 - Hot water heater (high-capacity, hot water circulator, tank capacity extender); 2021 - New seamless high-capacity gutters and gutter guards; 2021 - New split-rail fence; 2021 - Garbage disposal replaced; 2020 - HVAC full-system replacement with high-efficiency system with warranty; 2020 - Smoke detectors replaced; 2019 - Replaced ground-level deck with flagstone patio (poured-concrete base), landscaped the yard, buried the downspouts and tied in the sump pump; 2019 - Additional blown insulation in the attic; 2019 - Exterior trim painted, including rebuilding/repairing bay window exterior and insulation & caulked around all windows and doors; 2019 - All switches and outlets replaced; 2019 - Replaced outdoor spigots; 2019 - Painted entire interior of home; 2019 - All interior and exterior light fixtures upgraded/replaced (additional ceiling lights added); 2019 - Repaired fireplace exterior slate shelf; 2018 - Primary Bath completely renovated, as well as main level Powder Room; 2018 - New toilet, faucets in sinks and tub, as well as new countertop in upper hall Bathroom; 2017 - Full renovation of Lower Level (bathroom, lighting, ceiling, flooring, stairway carpet, paint); 2016 - Installed ceiling fans in every bedroom; 2016 - Blinds installed throughout; 2014 - Kitchen sink and faucet replaced; 2014 - Replaced carpet in Primary Suite and two additional bedrooms; 2015 - Roof replaced (Certainteed 50-year/lifetime transferable warranty).

Last Agent to Sell the Property

Janice Valois

(301) 502-2103 janice.valois@compass.com Compass License #520766 Listed on: 03/11/2022

Compass

Co-Listed By

Jacqueline Valois

(301) 602-1454 jmvalois417@gmail.com Compass License #652812

Last Buyer's Agent

Corey Savelson

(301) 602-7073 csavelson@lnf.com Long & Foster Real Estate, Inc. License #304278

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,100

Year Built

  • Built in 1992

Lot Details

  • 9,826 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Back and Front Yard
  • Property is zoned R90

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking
  • Fenced Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Brick Fireplace
  • Window Treatments
  • Bay Window
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Six Panel Doors
  • Mud Room
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Storage Room
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Patio
  • Rain Gutters
  • Porch

Schools

  • Sherwood Elementary School
  • William H. Farquhar Middle School
  • James Hubert Blake High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 160802922020

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), snow removal, trash
  • Hallowell HOA
  • Hallowell Subdivision
  • Community Lake

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,100

Year Built

Built in 1992

Lot Details

0

HOA Fees

$85 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Expected On Market: 2022-03-12
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Stove, Washer
  • Flooring Type: Wood, Carpet
  • Interior Amenities: Dining Area, Primary Bath(s), Window Treatments, Whirlpool/Hottub, Floor Plan - Traditional, Attic, Breakfast Area, Built-Ins, Carpet, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Recessed Lighting, Walk-In Closet(s), Ceiling Fan(s)
  • Window Features: Bay/Bow, Screens, Sliding
  • Fireplace Features: Fireplace - Glass Doors, Wood, Mantel(s), Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Six Panel
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Foyer, Laundry, Mud Room, Storage Room, Bathroom 1, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Full, Interior Access, Fully Finished, Heated
  • Total Sq Ft: 3844
  • Living Area Sq Ft: 3488
  • Price Per Sq Ft: 301.41
  • Above Grade Finished Sq Ft: 2488
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 356
  • Total Below Grade Sq Ft: 1356
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Gutter System, Sidewalks, Street Lights
  • Roof: Asphalt
  • 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
  • Parking Features: Asphalt Driveway, Fenced
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, 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: 84.75
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Common Grounds, Jog/Walk Path, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Lake
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Snow Removal, Trash
  • HOA Name: HALLOWELL
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: SHERWOOD
  • High School: JAMES HUBERT BLAKE
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 366600.00
  • Land Assessed Value: 258400.00
  • Lot Features: Cleared, Cul-De-Sac, Front Yard, Landscaping, Level, Rear Yard
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9826.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13938431
  • Tax Annual Amount: 7100.00
  • Assessor Parcel Number: 160802922020
  • Tax Lot: 44
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 19, 2022
Sold by
Dewire Thomas H
Bought by
Terry David and Terry Kristin
Seller's Agent
Janice Valois
Compass
Buyer's Agent
Corey Savelson
Long & Foster Real Estate, Inc.
List Price
$749,900
Sold Price
$826,000
Premium/Discount to List
$76,100
10.15%
Current Estimated Value
$883,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,843
Avg. Annual Appreciation
1.88%
Original Mortgage
$648,000
Outstanding Balance
$613,267
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$270,576

Purchase Details

Listed on
Jan 10, 2014
Closed on
Feb 27, 2014
Sold by
Ealley Nora L
Bought by
Dewire Thomas H and Dewire Puja K
Seller's Agent
Vicki King
RE/MAX Realty Centre, Inc.
Buyer's Agent
Peggy Lyn Speicher
Real Broker, LLC - Gaithersburg
List Price
$549,900
Sold Price
$543,000
Premium/Discount to List
-$6,900
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$434,400
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2002
Sold by
Ealley Nora L
Bought by
Ealley Nora L

Purchase Details

Closed on
Jul 5, 2002
Sold by
Ealley Nora L
Bought by
Ealley Nora L

Purchase Details

Closed on
Apr 18, 2000
Sold by
Seymour Edward E and Seymour B A
Bought by
Ealley Nora L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Terry David $826,000 Ferguson John J
Dewire Thomas H $543,000 First American Title Ins Co
Ealley Nora L $150,000 --
Ealley Nora L -- --
Ealley Nora L $309,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terry David $648,000
Previous Owner Dewire Thomas H $434,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2022 04/19/22 Sold $826,000 +10.1% $237 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $749,900 +38.1% $215 / Sq Ft
02/27/2014 02/27/14 Sold $543,000 -1.3% $218 / Sq Ft View Prior Sale
01/14/2014 01/14/14 Pending -- -- --
01/11/2014 01/11/14 For Sale $549,900 +1.3% $221 / Sq Ft
01/11/2014 01/11/14 Off Market $543,000 -- --
01/10/2014 01/10/14 For Sale $549,900 -- $221 / 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 $8,264 $733,000 -- --
2024 $8,264 $679,000 $0 $0
2023 $6,929 $625,000 $258,400 $366,600
2022 $6,538 $618,267 $0 $0
2021 $6,408 $611,533 $0 $0
2020 $6,311 $604,800 $258,400 $346,400
2019 $6,033 $581,067 $0 $0
2018 $5,774 $557,333 $0 $0
2017 $5,547 $533,600 $0 $0
2016 -- $516,333 $0 $0
2015 $6,144 $499,067 $0 $0
2014 $6,144 $481,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2041382

Bright MLS

APN: 08-02922020