NOT LISTED FOR SALE

3040 Gatehouse Ct Olney, MD 20832

Estimated Value: $509,328 - $570,000

3 Beds
2.5 Baths
1,320 Sq Ft
$403/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $415,000 $314 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,271/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Tennis Courts
  • Brooke Grove Elementary School Rated A
  • Community Pool
  • 1 Car Attached Garage

About This Home

As of December 2021

Spacious and lovely three bedroom townhouse in sought after James Creek Community! New roof and gutter on October 2018 . Kitchen and breakfast area sits with large bay window overlooking trees and a peaceful scenery. It's next to the extra parking at the end of a quiet cul-de-sac. Upper level features owner's suite with walk-in closet, dressing area, and along with two additional bedrooms and a hallway full bath. The fully finished lower level has a recreational room with wood burning fireplace, and walk out to the backyard. Lower level also features laundry room, closet and extra storage area. This neighborhood is in the heart of Olney, you can walk to pool, town center, recreation grounds, shopping, restaurants, and public transportation! AS-IS Sale. Good condition. Don't miss it.

Last Agent to Sell the Property

Huey Chang

huey@hycproperty.com Let Me LLC Listed on: 10/28/2021

Last Buyer's Agent

Janice Valois

(301) 502-2103 janice.valois@compass.com Compass License #520766

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 1992

Lot Details

  • 1,720

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 1,320 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Natural lighting in basement

Schools

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

Utilities

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

Additional Features

  • Level Entry For Accessibility
  • 1,720 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 160802912624

Community Details

Overview

  • Association fees include common area maintenance, snow removal
  • Tmag Inc/Village Of James Creek HOA, Phone Number (301) 948-6666
  • James Creek Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,172

Year Built

Built in 1992

Lot Details

0

HOA Fees

$73 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Remarks Public: Spacious and lovely three bedroom townhouse in sought after James Creek Community! New roof and gutter on October 2018 . Kitchen and breakfast area sits with large bay window overlooking trees and a peaceful scenery. It's next to the extra parking at the end of a quiet cul-de-sac. Upper level features owner's suite with walk-in closet, dressing area, and along with two additional bedrooms and a hallway full bath. The fully finished lower level has a recreational room with wood burning fireplace, and walk out to the backyard. Lower level also features laundry room, closet and extra storage area. This neighborhood is in the heart of Olney, you can walk to pool, town center, recreation grounds, shopping, restaurants, and public transportation! AS-IS Sale. Good condition. Don't miss it.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Level, Rear Entrance, Daylight, Full
  • Total Sq Ft: 1320
  • Living Area Sq Ft: 1320
  • Price Per Sq Ft: 318.11
  • Above Grade Finished Sq Ft: 1320
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3040

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

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: 73.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Snow Removal
  • HOA Name: TMAG INC/VILLAGE OF JAMES CREEK
  • HOA Phone: 301-948-6666
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 187900.00
  • Land Assessed Value: 158400.00
  • Land Use Code: 011
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1720.00
  • Year Assessed: 2021
  • Zoning: RE2
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13888140
  • Tax Annual Amount: 4172.00
  • Assessor Parcel Number: 160802912624
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 1320
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/08/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Dec 8, 2021
Sold by
Chang Hui Wen and Chang Hui Kao
Bought by
Maxwell Erika Katelyn and The Erika Katelyn Maxwell Livi
Seller's Agent
Huey Chang
Let Me LLC
Buyer's Agent
Janice Valois
Compass
List Price
$419,900
Sold Price
$415,000
Premium/Discount to List
-$4,900
-1.17%
Current Estimated Value
$531,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,832
Avg. Annual Appreciation
6.58%
Original Mortgage
$332,000
Outstanding Balance
$304,818
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$227,014

Purchase Details

Closed on
May 1, 1992
Bought by
Chang Hui-Kao
Source: Public Records

Range of Values:

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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
Maxwell Erika Katelyn $415,000 Main Street Settlements Inc
Chang Hui-Kao $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxwell Erika Katelyn $332,000
Closed Maxwell Erika Katelyn $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2021 12/08/21 Sold $415,000 -1.2% $314 / Sq Ft
10/28/2021 10/28/21 For Sale $419,900 -- $318 / 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 $4,913 $425,833 -- --
2024 $4,913 $395,867 $0 $0
2023 $4,551 $365,900 $158,400 $207,500
2022 $4,293 $359,367 $0 $0
2021 $3,480 $352,833 $0 $0
2020 $3,387 $346,300 $158,400 $187,900
2019 $3,298 $339,367 $0 $0
2018 $3,220 $332,433 $0 $0
2017 $3,151 $325,500 $0 $0
2016 -- $313,600 $0 $0
2015 $3,648 $301,700 $0 $0
2014 $3,648 $289,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Huey Chang

    Let Me LLC

  • Janice Valois

    Buyer's Agent in 2021

    Janice Valois

    Compass

    (301) 502-2103

    46 in this area

    130 Total Sales

    Janice Valois
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2020720

Bright MLS

APN: 08-02912624

Maryland Montgomery County Olney 20832

3040 Gatehouse Ct, Olney, MD

This home is located at 3040 Gatehouse Ct, Olney, MD 20832 since 28 October 2021 and is currently estimated at $531,832, approximately $402 per square foot. This property was built in 1992. 3040 Gatehouse Ct 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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