NOT LISTED FOR SALE

Estimated Value: $1,226,000 - $1,478,000

5 Beds
4.5 Baths
4,860 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,060,000 $218 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,386/month

13 Days on Market

Highlights

  • New Construction
  • Gourmet Kitchen
  • Colonial Architecture
  • Oakland Terrace Elementary School Rated A
  • Open Floorplan
  • Recreation Room

About This Home

As of August 2020

Gorgeous 5BR/4.5BA colonial ideally situated on a spacious level lot in Oakland Terrace. The brand-new construction showcases the builder s amazing attention to detail in an elegant contemporary style through approximately 4,900 sq. ft. over three finished levels. Stunning architectural finishes fill the bright, open floor plan with rich hardwood flooring, unique lighting, brick fireplace, and wooden staircases. The gourmet kitchen is a home chef s dream with custom cabinetry, stainless steel appliances, marble waterfall countertop island, and fantastic storage. Enjoy dining in formal to casual spaces or head outside to the patio overlooking the expansive fenced yard. Retreat to the peaceful owner s suite with custom walk-in closets, tray ceiling, and exquisitely tiled en suite bath with soaking tub, glass waterfall shower, and dual marble vanity. The remaining bedrooms are spacious with excellent storage and en suite or connecting baths. The lower level provides endless flexible use space, additional bedroom, and full bath to suit any need. A mud room and laundry room with built-ins and cabinetry galore add to the allure of the extremely livable space. Oakland Terrace residents adore their quiet Kensington neighborhood in the heart of everything. Run errands with ease with a wide array of retail nearby. An eclectic mix of dining options from casual to upscale surround you with neighboring Bethesda, Rockville, and Silver Spring providing endless options. Immersing yourself in nature will be a breeze with Rock Creek and Wheaton Regional Parks nearby. Commute with ease with Metrobus, Marc, Wheaton Metro, and easy access to I-495.

Last Agent to Sell the Property

Rhonda Mortensen

Compass Listed on: 07/10/2020

Compass

Co-Listed By

GORDON YOUNG JR

Compass

Last Buyer's Agent

Richard Prigal

RLAH @properties

RLAH @properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,459

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 8,750 Sq Ft Lot
  • Wood Fence
  • Property is in excellent condition
  • Property is zoned R60

Home Design

  • Colonial Architecture
  • Architectural Shingle Roof
  • HardiePlank Type

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Insulated Windows
  • Double Hung Windows
  • Great Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Recreation Room
  • Utility Room
  • Finished Basement
  • Walk-Up Access
  • Attic

Kitchen

  • Gourmet Kitchen
  • Stove
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on upper level
  • Front Loading Dryer
  • Front Loading Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Eco-Friendly Details

  • Energy-Efficient Windows

Utilities

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

Community Details

  • No Home Owners Association
  • Oakland Terrace Subdivision

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 161301138528

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,459

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-07-20
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Gorgeous 5BR/4.5BA colonial ideally situated on a spacious level lot in Oakland Terrace. The brand-new construction showcases the builder s amazing attention to detail in an elegant contemporary style through approximately 4,900 sq. ft. over three finished levels. Stunning architectural finishes fill the bright, open floor plan with rich hardwood flooring, unique lighting, brick fireplace, and wooden staircases. The gourmet kitchen is a home chef s dream with custom cabinetry, stainless steel appliances, marble waterfall countertop island, and fantastic storage. Enjoy dining in formal to casual spaces or head outside to the patio overlooking the expansive fenced yard. Retreat to the peaceful owner s suite with custom walk-in closets, tray ceiling, and exquisitely tiled en suite bath with soaking tub, glass waterfall shower, and dual marble vanity. The remaining bedrooms are spacious with excellent storage and en suite or connecting baths. The lower level provides endless flexible use space, additional bedroom, and full bath to suit any need. A mud room and laundry room with built-ins and cabinetry galore add to the allure of the extremely livable space. Oakland Terrace residents adore their quiet Kensington neighborhood in the heart of everything. Run errands with ease with a wide array of retail nearby. An eclectic mix of dining options from casual to upscale surround you with neighboring Bethesda, Rockville, and Silver Spring providing endless options. Immersing yourself in nature will be a breeze with Rock Creek and Wheaton Regional Parks nearby. Commute with ease with Metrobus, Marc, Wheaton Metro, and easy access to I-495.
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Extra Refrigerator/Freezer, Microwave, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer - Front Loading, Dryer - Front Loading
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Crown Moldings, Attic, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Soaking Tub, Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Window Features: Double Hung, Energy Efficient, Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Breakfast Room, Great Room, Laundry, Recreation Room, Utility Room
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Stairs
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4860
  • Living Area Sq Ft: 4860
  • Price Per Sq Ft: 323.34
  • Above Grade Finished Sq Ft: 3402
  • Below Grade Finished Sq Ft: 1458
  • Total Below Grade Sq Ft: 1458
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3110

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type, Concrete
  • Construction Completed: No
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 416.42
  • 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
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Wood
  • Improvement Assessed Value: 151800.00
  • Land Assessed Value: 243200.00
  • Land Use Code: 011
  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8750.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14017144
  • Tax Annual Amount: 4459.00
  • Assessor Parcel Number: 161301138528
  • Tax Lot: 30
  • Tax Total Finished Sq Ft: 1108
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 08/31/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 31, 2020
Sold by
Erb Properties Llc
Bought by
Hofmann Keith D and Hofmann Rachel G
Seller's Agent
Rhonda Mortensen
Compass
Buyer's Agent
Richard Prigal
RLAH @properties
List Price
$1,100,000
Sold Price
$1,060,000
Premium/Discount to List
-$40,000
-3.64%
Current Estimated Value
$1,355,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,919
Avg. Annual Appreciation
5.30%
Original Mortgage
$765,600
Outstanding Balance
$682,189
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$689,141

Purchase Details

Listed on
Jan 15, 2020
Closed on
Jan 29, 2020
Sold by
Rigby Judith Ann and Voigt Judith Ann
Bought by
Erb Properties Llc
Seller's Agent
Rhonda Mortensen
Compass
Buyer's Agent
GORDON YOUNG JR
Compass
List Price
$330,000
Sold Price
$290,000
Premium/Discount to List
-$40,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
799.67%
Original Mortgage
$600,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2000
Sold by
Rupert Russell E and Rupert J M
Bought by
Rigby Judith Ann
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
Hofmann Keith D $1,060,000 Old Republic National Title
Erb Properties Llc $290,000 Allied Title & Escrow Llc
Rigby Judith Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hofmann Keith D $765,600
Previous Owner Erb Properties Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,060,000 -3.6% $218 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,100,000 +279.3% $226 / Sq Ft
01/29/2020 01/29/20 Sold $290,000 -12.1% $262 / Sq Ft
01/15/2020 01/15/20 For Sale $330,000 -- $298 / 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 $11,976 $1,022,933 -- --
2024 $11,976 $982,700 $269,500 $713,200
2023 $11,271 $982,700 $269,500 $713,200
2022 $10,746 $982,700 $269,500 $713,200
2021 $10,871 $1,000,300 $243,200 $757,100
2020 $4,675 $378,467 $0 $0
2019 $4,460 $361,933 $0 $0
2018 $4,253 $345,400 $243,200 $102,200
2017 $4,371 $344,433 $0 $0
2016 -- $343,467 $0 $0
2015 $4,096 $342,500 $0 $0
2014 $4,096 $342,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC706678

Bright MLS

APN: 13-01138528