NOT LISTED FOR SALE

2948 McGee Way Olney, MD 20832

Estimated Value: $350,000 - $363,000

2 Beds
1.5 Baths
1,040 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 19, 2014

Last sale price $235,000 $226 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,305/month

Highlights

  • Private Pool
  • Colonial Architecture
  • Attic
  • Brooke Grove Elementary School Rated A
  • Clubhouse
  • Tennis Courts

About This Home

As of December 2014

Great starter home, well maintained 2 LVL TH in the center of Olney, neutral paint, new floors installed throughout the home, New stainless steel refrig, updated baths, shows well, great location, walk to Olney Town Center.

Last Agent to Sell the Property

Neil Reilly

(301) 370-8665 neil.reilly2036@gmail.com Samson Properties Listed on: 08/14/2014

Samson Properties

Last Buyer's Agent

Anna Ensley

(240) 476-7421 annagosak@gmail.com Samson Properties

Samson Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,455

Year Built

  • Built in 1986

Lot Details

  • 626 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Aluminum Siding

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Window Treatments
  • Combination Dining and Living Room
  • Attic

Kitchen

  • Galley Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Assigned Parking Space
  • Unassigned Parking

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 111
  • Assessor Parcel Number 160802423754

Community Details

Overview

  • Association fees include management, trash, pool(s), reserve funds
  • $30 Other Monthly Fees
  • 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

$2,455

Year Built

Built in 1986

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove, Washer
  • Interior Amenities: Attic, Kitchen - Galley, Combination Dining/Living, Window Treatments
  • Fireplace Features: Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 2948

Beds/Baths

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

Exterior Features

  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Unassigned

Utilities

  • Refuse: 213.75
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 110.00
  • 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, Pool(s), Reserve Funds
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Building Restrictions
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 90.00
  • Other Fees Frequency: Quarterly

Lot Info

  • Lot Size Acres: 0.01
  • Lot Size Area: 626
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 626.00
  • Year Assessed: 2014
  • Zoning: PD9

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2454.53
  • Assessor Parcel Number: 160802423754
  • Tax Lot: 111
  • Tax Total Finished Sq Ft: 1040
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 12/19/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2014
Closed on
Dec 19, 2014
Sold by
Parker Brian Patrick
Bought by
Arbuarat Pichet
Seller's Agent
Neil Reilly
Samson Properties
Buyer's Agent
Anna Ensley
Samson Properties
List Price
$265,000
Sold Price
$235,000
Premium/Discount to List
-$30,000
-11.32%
Current Estimated Value
$356,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,940
Avg. Annual Appreciation
3.93%
Original Mortgage
$226,393
Outstanding Balance
$169,026
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$187,914

Purchase Details

Closed on
Sep 17, 2004
Sold by
Panelli Edward J
Bought by
Parker Brian P

Purchase Details

Closed on
Sep 26, 2003
Sold by
Araujo Domingo and Araujo G M
Bought by
Panelli Edward J

Purchase Details

Closed on
Jan 7, 1994
Sold by
Stephens J L
Bought by
Araujo Domingo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,150
Interest Rate
7.23%
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
Arbuarat Pichet $235,000 Fatico
Parker Brian P $215,000 --
Panelli Edward J $175,000 --
Panelli Edward J $175,000 --
Araujo Domingo $97,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arbuarat Pichet $226,393
Previous Owner Araujo Domingo $92,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2014 12/19/14 Sold $235,000 0.0% $226 / Sq Ft
11/13/2014 11/13/14 Pending -- -- --
10/23/2014 10/23/14 Price Changed $234,999 -6.0% $226 / Sq Ft
09/24/2014 09/24/14 Price Changed $249,999 -3.1% $240 / Sq Ft
09/10/2014 09/10/14 Price Changed $257,950 -2.7% $248 / Sq Ft
09/03/2014 09/03/14 For Sale $265,000 +12.8% $255 / Sq Ft
08/25/2014 08/25/14 Off Market $235,000 -- --
08/14/2014 08/14/14 For Sale $265,000 -- $255 / 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 $3,693 $307,800 -- --
2024 $3,693 $289,900 $0 $0
2023 $2,777 $272,000 $132,000 $140,000
2022 $2,507 $260,167 $0 $0
2021 $2,175 $248,333 $0 $0
2020 $2,175 $236,500 $132,000 $104,500
2019 $2,150 $235,267 $0 $0
2018 $2,133 $234,033 $0 $0
2017 $2,166 $232,800 $0 $0
2016 -- $220,267 $0 $0
2015 $2,072 $207,733 $0 $0
2014 $2,072 $195,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Neil Reilly

    Seller's Agent in 2014

    Neil Reilly

    Samson Properties

    (301) 370-8665

    2 Total Sales

    Neil Reilly
    Section Image
  • Anna Ensley

    Buyer's Agent in 2014

    Anna Ensley

    Samson Properties

    (240) 476-7421

    3 in this area

    117 Total Sales

    Anna Ensley
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003161718

Bright MLS

APN: 08-02423754

Maryland Montgomery County Olney 20832

2948 McGee Way, Olney, MD

This home is located at 2948 McGee Way, Olney, MD 20832 since 14 August 2014 and is currently estimated at $356,940, approximately $343 per square foot. This property was built in 1986. 2948 McGee Way is a home located in Montgomery County with nearby schools including Brooke Grove Elementary School, William H. Farquhar Middle School, and Sherwood High School.

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