NOT LISTED FOR SALE

3409 Megans Way Olney, MD 20832

Estimated Value: $829,000 - $851,000

5 Beds
4 Baths
3,249 Sq Ft
$259/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $654,640 $201 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,173/month

Highlights

  • Colonial Architecture
  • Deck
  • Main Floor Bedroom
  • Sherwood Elementary School Rated A
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of November 2024

Welcome to 3409 Megans Way, located on a cul-de-sac in the desirable Hallowell neighborhood of Olney,. This beautifully updated home features five bedrooms and four full bathrooms, providing ample space for comfort and flexibility. The home includes a walk-out basement, perfect for additional living or recreational space. Over the past three years, the sellers have made significant upgrades, including replacing the windows and installing owned solar panels for energy efficiency. In the last four months, they’ve added a brand-new kitchen, a fully renovated primary bathroom, new flooring in the basement, and fresh carpeting on the upper level. The convenient location allows for easy access to the fields and playgrounds of Southeast Olney Park without crossing any roads. You are also a short distance from other community amenities of pool and tennis courts. Not to mention the close proximity to shops, restaurants, and major routes. this home offers both modern comfort and easy access to everyday amenities. Don’t miss the chance to make this wonderful home your own!

Last Agent to Rent the Property

Jeffrey Ganz

(240) 353-3390 agentganz@gmail.com Century 21 Redwood Realty License #0225102492 Listed on: 09/06/2024

Century 21 Redwood Realty

Last Renter's Agent

Tracy Onslow

(410) 829-2219 tonslow@gmail.com RE/MAX Realty Centre, Inc. License #652612

RE/MAX Realty Centre, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 10,643 Sq Ft Lot
  • Backs To Open Common Area
  • Cul-De-Sac
  • West Facing Home
  • Level Lot
  • Back and Front Yard
  • Property is zoned RE2

HOA Fees

  • $86 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Brick Front

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Double Pane Windows
  • Double Hung Windows
  • Family Room Off Kitchen
  • Open Floorplan

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Laundry in Basement

Eco-Friendly Details

  • Energy-Efficient Windows
  • Solar owned by seller

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Residential Lease
  • Security Deposit $4,000
  • Tenant pays for cable TV, fireplace/flue cleaning, frozen waterpipe damage, gutter cleaning, HVAC maintenance, lawn/tree/shrub care, light bulbs/filters/fuses/alarm care, pest control, all utilities
  • Rent includes hoa/condo fee
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 9/6/24
  • $40 Application Fee
  • $75 Repair Deductible
  • Assessor Parcel Number 160802509306

Community Details

Overview

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

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

HOA Fees

$86 per month

Parking

2

Rental Info

  • Date Available: 2024-09-06
  • Application Fee: 40.00
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Rent Includes: Hoa/Condo Fee
  • Security Deposit: 4000.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Fireplace/Flue Cleaning, Frozen Waterpipe Damage, Gutter Cleaning, Hvac Maintenance, Lawn/Tree/Shrub Care, Light Bulbs/Filters/Fuses/Alarm Care, Pest Control, Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-09-06
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Repair Deductible: 75.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Pantry, Skylight(s), Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung, Double Pane, Energy Efficient
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Rear Entrance, Walkout Level
  • Laundry Type: Basement
  • Total Sq Ft: 3548
  • Living Area Sq Ft: 3249
  • Price Per Sq Ft: 1.68
  • Above Grade Finished Sq Ft: 2386
  • Below Grade Finished Sq Ft: 863
  • Below Grade Sq Ft: 299
  • Total Below Grade Sq Ft: 1162
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • 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 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 86.25
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Pool(s), Trash, Common Area Maintenance, Management
  • HOA Name: HALLOWELL
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary 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

  • Green Power: Pv Solar Array(s) Owned

Lot Info

  • Horses: No
  • Lot Features: Backs - Open Common Area, Cul-De-Sac, Front Yard, Level, Rear Yard
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10643.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: RE2

Tax Info

  • Assessor Parcel Number: 160802509306
  • Tax Data Updated: No

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 26, 2021
Sold by
Lyons Laurena G and Lyons John F
Bought by
Eldridge Mark Alexander Grainger and Eldridge Katherine Elizabeth
Seller's Agent
Sidra Khan
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Jeffrey Ganz
Century 21 Redwood Realty
List Price
$650,000
Sold Price
$654,640
Premium/Discount to List
$4,640
0.71%
Current Estimated Value
$842,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,601
Avg. Annual Appreciation
5.41%
Original Mortgage
$556,444
Outstanding Balance
$500,487
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$341,754

Purchase Details

Closed on
Jul 20, 1987
Bought by
Lyons John F and L M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eldridge Mark Alexander Grainger $654,640 Multiple
Lyons John F $216,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eldridge Mark Alexander Grainger $556,444
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2024 11/01/24 Rented $4,050 +1.3% --
10/18/2024 10/18/24 Under Contract -- -- --
10/09/2024 10/09/24 For Rent $4,000 0.0% --
10/04/2024 10/04/24 Off Market $4,000 -- --
09/23/2024 09/23/24 For Rent $4,000 0.0% --
09/13/2024 09/13/24 Off Market $4,000 -- --
09/06/2024 09/06/24 For Rent $4,000 0.0% --
02/26/2021 02/26/21 Sold $654,640 +3.1% $183 / Sq Ft View Prior Sale
01/22/2021 01/22/21 Pending -- -- --
01/15/2021 01/15/21 Price Changed $635,000 -2.3% $177 / Sq Ft
01/07/2021 01/07/21 For Sale $650,000 -0.7% $181 / Sq Ft
01/07/2021 01/07/21 Off Market $654,640 -- --
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 $7,872 $722,800 -- --
2024 $7,872 $644,900 $0 $0
2023 $6,260 $567,000 $261,400 $305,600
2022 $5,972 $566,967 $0 $0
2021 $5,917 $566,933 $0 $0
2020 $11,785 $566,900 $261,400 $305,500
2019 $5,644 $545,767 $0 $0
2018 $5,413 $524,633 $0 $0
2017 $5,334 $503,500 $0 $0
2016 $5,588 $497,800 $0 $0
2015 $5,588 $492,100 $0 $0
2014 $5,588 $486,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2146896

Bright MLS

APN: 08-02509306