NOT LISTED FOR SALE

3501 Sundown Farms Way Olney, MD 20832

Estimated Value: $707,000 - $769,000

4 Beds
2.5 Baths
3,380 Sq Ft
$218/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $655,000 $194 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,557/month

4 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • View of Trees or Woods
  • Property is near a park
  • Belmont Elementary School Rated A
  • Deck
  • Premium Lot

About This Home

As of February 2023

Welcome home to this remodeled rambler in sought after Olney Mill! Fresh paint throughout, refinished hardwood floors throughout the main level, 4 bedrooms, 2 full baths and a second laundry room all on the main floor, fully finished walkout lower level, screened rear porch and deck - an absolute turn-key home! All you need is to move in and enjoy! Everything has been updated - kitchen, both full baths, lighting fixtures, long-life architectural shingle roof, furnace, a/c and more. The kitchen has high-end stainless steel appliances including gas cooking and a convection oven. The formal dining room is off the kitchen and includes a sliding door to the composite screened porch and deck. The living room is quite large with loads of natural light from the bay window. The walkout lower level is completely finished and includes a family room with fireplace, separate game room, home office, storage area/workshop, laundry, powder room and a level walkout to the patio. This home has a large back yard that backs to trees/parkland and offers private views. The area has plenty to offer - two parks with tennis courts, Olney Mill Swim Club, multiple playgrounds, and walk/jog/bike paths! This location is near all of Olney's restaurants, shops, the Olney Public Library, Olney Skate Park, Olney Indoor Swim Center, and more! This turn-key home is definitely worth a look!

Last Agent to Sell the Property

Russell Sisler

RE/MAX Realty Group License #sp98359917 Listed on: 01/02/2023

RE/MAX Realty Group

Last Buyer's Agent

Peter Fettig

Keller Williams Flagship License #647362

Keller Williams Flagship

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,430

Year Built

  • Built in 1972

Lot Details

  • 0.37 Acre Lot
  • South Facing Home
  • Landscaped
  • Premium Lot
  • Level Lot
  • Backs to Trees or Woods
  • Property is in excellent condition
  • Property is zoned RE1

HOA Fees

  • $6 Monthly HOA Fees

Parking

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

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den
  • Game Room
  • Workshop
  • Views of Woods

Kitchen

  • Eat-In Gourmet Kitchen
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Solid Hardwood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Home Security

  • Alarm System
  • Storm Doors

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Location

  • Property is near a park

Schools

  • Belmont Elementary School
  • Rosa M. Parks Middle School
  • Sherwood High School

Utilities

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

Community Details

  • Olney Mill Community Assoc, Inc HOA
  • Olney Mill Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 160800746872

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,430

Year Built

Built in 1972

Lot Details

0

HOA Fees

$6 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Kitchen table and chairs
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2023-01-03
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome home to this remodeled rambler in sought after Olney Mill! Fresh paint throughout, refinished hardwood floors throughout the main level, 4 bedrooms, 2 full baths and a second laundry room all on the main floor, fully finished walkout lower level, screened rear porch and deck - an absolute turn-key home! All you need is to move in and enjoy! Everything has been updated - kitchen, both full baths, lighting fixtures, long-life architectural shingle roof, furnace, a/c and more. The kitchen has high-end stainless steel appliances including gas cooking and a convection oven. The formal dining room is off the kitchen and includes a sliding door to the composite screened porch and deck. The living room is quite large with loads of natural light from the bay window. The walkout lower level is completely finished and includes a family room with fireplace, separate game room, home office, storage area/workshop, laundry, powder room and a level walkout to the patio. This home has a large back yard that backs to trees/parkland and offers private views. The area has plenty to offer - two parks with tennis courts, Olney Mill Swim Club, multiple playgrounds, and walk/jog/bike paths! This location is near all of Olney's restaurants, shops, the Olney Public Library, Olney Skate Park, Olney Indoor Swim Center, and more! This turn-key home is definitely worth a look!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Refrigerator, Icemaker, Dishwasher, Disposal, Washer, Dryer, Oven/Range - Gas
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Hardwood, Carpet, Solid Hardwood, Wood
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Upgraded Countertops, Window Treatments, Wood Floors
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass, Storm
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Foyer, Laundry, Office, Workshop, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Walkout Level, Full, Fully Finished
  • Laundry Type: Main Floor, Basement
  • Total Sq Ft: 3380
  • Living Area Sq Ft: 3380
  • Price Per Sq Ft: 384.56
  • Above Grade Finished Sq Ft: 1690
  • Below Grade Finished Sq Ft: 1690
  • Total Below Grade Sq Ft: 1690
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3501

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stone, Vinyl Siding
  • Exterior Features: Satellite Dish
  • Roof: Architectural Shingle
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 6.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: OLNEY MILL COMMUNITY ASSOC, INC
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BELMONT
  • Middle School: ROSA M. PARKS
  • 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: BELMONT
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 217300.00
  • Land Assessed Value: 237800.00
  • Land Use Code: R
  • Lot Features: Backs To Trees, Backs - Parkland, Landscaping, Level, Premium
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16151.00
  • Outdoor Living Structures: Porch(es), Screened, Deck(s), Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RE1
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13897377
  • Tax Annual Amount: 5430.00
  • Assessor Parcel Number: 160800746872
  • Tax Lot: 21
  • Tax Total Finished Sq Ft: 2140
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/03/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2023
Closed on
Feb 3, 2023
Sold by
Shenkler Marvin J
Bought by
Schaefer Christopher and Schaefer Lisa
Seller's Agent
Russell Sisler
RE/MAX Realty Group
Buyer's Agent
Peter Fettig
Keller Williams Flagship
List Price
$649,900
Sold Price
$655,000
Premium/Discount to List
$5,100
0.78%
Views
58
Current Estimated Value
$738,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,233
Avg. Annual Appreciation
4.16%
Original Mortgage
$491,250
Outstanding Balance
$476,212
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$251,125
Source: Public Records

Range of Values:

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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
Schaefer Christopher $655,000 Charter Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaefer Christopher $491,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $655,000 +0.8% $194 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
01/02/2023 01/02/23 For Sale $649,900 -- $192 / 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 $6,439 $553,100 $249,700 $303,400
2024 $6,439 $520,433 $0 $0
2023 $4,471 $487,767 $0 $0
2022 $3,974 $455,100 $237,800 $217,300
2021 $1,939 $454,100 $0 $0
2020 $1,939 $453,100 $0 $0
2019 $3,853 $452,100 $237,800 $214,300
2018 $3,637 $428,300 $0 $0
2017 $4,168 $404,500 $0 $0
2016 -- $380,700 $0 $0
2015 $3,748 $380,700 $0 $0
2014 $3,748 $380,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2078558

Bright MLS

APN: 08-00746872