NOT LISTED FOR SALE

2902 McGee Way Olney, MD 20832

Estimated Value: $428,000 - $456,000

3 Beds
2.5 Baths
1,440 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $295,500 $205 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,772/month

Highlights

  • Colonial Architecture
  • Clubhouse
  • Wood Flooring
  • Brooke Grove Elementary School Rated A
  • Traditional Floor Plan
  • Upgraded Countertops

About This Home

As of April 2016

OPEN SUN. 3/20, 2-4 PM Renovated 3BR townhome in the heart of Olney! Updated kitchen with granite counters, cherry cabs, stainless appliances, and ceramic floors. Upper level 1 features master suite with priv bath and walk in closet, upper lvl 2 has 2 bedrooms and full bath. Corner unit has back yard next to common grounds.

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 03/11/2016

EXP Realty, LLC

Co-Listed By

Sherry Felice

(301) 980-6173 sherryfelicerealtor@gmail.com EXP Realty, LLC License #80414

Last Buyer's Agent

Marco Wong

(240) 463-8882 agentwong94@gmail.com REMAX Platinum Realty

REMAX Platinum Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1986

Lot Details

  • 741 Sq Ft Lot
  • Two or More Common Walls
  • Property is in very good condition

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 160802423537

Community Details

Overview

  • Association fees include management, trash, reserve funds
  • Fair Hill Farm Subdivision
  • The community has rules related to alterations or architectural changes, building or community restrictions

Amenities

  • Common Area
  • Clubhouse
  • Community Center

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,760

Year Built

Built in 1986

Lot Details

0

HOA Fees

$113 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1986
  • Remarks Public: OPEN SUN. 3/20, 2-4 PM Renovated 3BR townhome in the heart of Olney! Updated kitchen with granite counters, cherry cabs, stainless appliances, and ceramic floors. Upper level 1 features master suite with priv bath and walk in closet, upper lvl 2 has 2 bedrooms and full bath. Corner unit has back yard next to common grounds.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Washer, Refrigerator, Icemaker, Microwave
  • Interior Amenities: Combination Dining/Living, Upgraded Countertops, Window Treatments, Wood Floors, Floor Plan - Traditional
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 208.33
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2902

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, General Common Elements

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 113.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Common Grounds, Club House, Community Center, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Management, Trash, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Building Restrictions
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BROOKE GROVE
  • Middle School: WILLIAM H. FARQUHAR
  • High School: SHERWOOD
  • School District Key: 121138126809
  • Elementary School: BROOKE GROVE
  • High School: SHERWOOD
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Lot Info

  • Improvement Assessed Value: 119900.00
  • Land Assessed Value: 132000.00
  • Lot Size Acres: 0.02
  • Lot Size Area: 741
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 741.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2016
  • Zoning: PD9

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13937175
  • Tax Annual Amount: 2760.04
  • Assessor Parcel Number: 160802423537
  • Tax Lot: 89
  • Tax Total Finished Sq Ft: 1440
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 04/29/2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Apr 29, 2016
Sold by
Kennedy Wilson and Kennedy Erica Wilson
Bought by
Pham Sim Sim Thi and Pham Hung Ngoc
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Marco Wong
REMAX Platinum Realty
List Price
$300,000
Sold Price
$295,500
Premium/Discount to List
-$4,500
-1.5%
Current Estimated Value
$438,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,595
Avg. Annual Appreciation
4.24%
Original Mortgage
$285,637
Outstanding Balance
$225,214
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$212,881

Purchase Details

Closed on
Jul 14, 2005
Sold by
Pearce Jennifer L
Bought by
Kennedy Wilson and Kennedy Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2000
Sold by
Kim John H and Kim C
Bought by
Pearce Jennifer L

Purchase Details

Closed on
Jul 28, 1998
Sold by
Kim John H
Bought by
John H H and John Kim C
Source: Public Records

Range of Values:

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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
Pham Sim Sim Thi $295,500 Eastern Title & Settlement
Kennedy Wilson $300,000 --
Pearce Jennifer L $118,000 --
John H H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pham Sim Sim Thi $285,637
Previous Owner Kennedy Wilson $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $295,500 -1.5% $205 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $300,000 -- $208 / 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 $4,113 $348,133 -- --
2024 $4,113 $326,367 $0 $0
2023 $3,152 $304,600 $132,000 $172,600
2022 $2,912 $296,867 $0 $0
2021 $2,671 $289,133 $0 $0
2020 $2,671 $281,400 $132,000 $149,400
2019 $2,550 $271,567 $0 $0
2018 $2,439 $261,733 $0 $0
2017 $2,381 $251,900 $0 $0
2016 -- $239,600 $0 $0
2015 $2,414 $227,300 $0 $0
2014 $2,414 $215,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002409427

Bright MLS

APN: 08-02423537