NOT LISTED FOR SALE

3905 Gelding Ln Olney, MD 20832

Estimated Value: $555,000 - $679,000

3 Beds
4 Baths
2,324 Sq Ft
$274/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $431,000 $185 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,935/month

159 Days on Market

Highlights

  • Contemporary Architecture
  • 1 Fireplace
  • Community Pool
  • Olney Elementary School Rated A
  • No HOA
  • 1 Attached Carport Space

About This Home

As of April 2021

If this home were fixed up, it could sell for $550,000. It needs a few things like paint, new flooring, new kitchen, new roof and the basement needs a face lift. But, it is a very cool layout with an owner's suite upstairs with it's own family room and bath. There is also an owner's suite on the main level with two more bedrooms. The baths need redoing as well. The outdoor space is really nice as well. It's a short sale so it will be a long sale. The owner does not want any visitors, but you may walk around the home and see if you like it. Once an offer is accepted, we can schedule an inspection and then you can see the inside. There are two mortgages; one with Shell point and the other an investor. The last sale fell through because the buyer got tired of waiting. I expect this will be a four month process. The negotiator is Leslie Nesley and the closing company will be Mainstreet Settlements. It's priced over $100,000 under market so it probably won't last!

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 05/13/2020

EXP Realty, LLC

Last Buyer's Agent

Theresa Helfman Taylor

(301) 922-5565 theresa@taylormaderealestate.net TTR Sotheby's International Realty License #0225 192651

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,570

Year Built

  • Built in 1973

Lot Details

  • 0.27 Acre Lot
  • Property is zoned R200

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,324 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Basement

Bedrooms and Bathrooms

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Driveway

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 160801480543

Community Details

Overview

  • No Home Owners Association
  • Olney Square Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,570

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Special Features: 12
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3
  • Basement: Yes
  • Total Sq Ft: 2324
  • Living Area Sq Ft: 2324
  • Price Per Sq Ft: 184.60
  • Above Grade Finished Sq Ft: 2324
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport, Driveway

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: BELMONT
  • High School: SHERWOOD
  • Middle Or Junior School: ROSA M. PARKS

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11838.00
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5570.00
  • Assessor Parcel Number: 160801480543
  • Tax Lot: 19
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Apr 26, 2021
Sold by
Bojang Assan and Bojang Fatou
Bought by
Pullifrone Michael and Pullifrone Leah
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Theresa Helfman Taylor
TTR Sotheby's International Realty
List Price
$410,000
Sold Price
$431,000
Premium/Discount to List
$21,000
5.12%
Current Estimated Value
$643,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,496
Avg. Annual Appreciation
8.75%
Original Mortgage
$418,070
Outstanding Balance
$378,876
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$257,071

Purchase Details

Closed on
Oct 30, 2006
Sold by
Bojang Assan
Bought by
Bojang Assan

Purchase Details

Closed on
Aug 30, 2006
Sold by
Bojang Assan
Bought by
Bojang Assan

Purchase Details

Closed on
Aug 9, 2006
Sold by
Bojang Assan and Bojang Fatou
Bought by
Bojang Assan

Purchase Details

Closed on
Aug 4, 2005
Sold by
Stephen G Woodard Rev Tr
Bought by
Bojang Assan and Bojang Fatou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 28, 2005
Sold by
Stephen G Woodard Rev Tr
Bought by
Bojang Assan and Bojang Fatou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 15, 2001
Sold by
Woodard Stephen G and Woodard S D
Bought by
Stephen G Woodward Rev Tr
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
Pullifrone Michael $431,000 Main Street Settlements Inc
Bojang Assan -- --
Bojang Assan -- --
Bojang Assan -- --
Bojang Assan $500,000 --
Bojang Assan $500,000 --
Stephen G Woodward Rev Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pullifrone Michael $418,070
Previous Owner Bojang Assan $450,000
Previous Owner Bojang Assan $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $431,000 +0.5% $185 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $429,000 +4.6% $185 / Sq Ft
05/13/2020 05/13/20 For Sale $410,000 -- $176 / 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 $6,594 $566,500 $267,300 $299,200
2024 $6,594 $533,900 $0 $0
2023 $5,503 $501,300 $0 $0
2022 $4,888 $468,700 $254,500 $214,200
2021 $4,834 $468,700 $254,500 $214,200
2020 $4,809 $468,700 $254,500 $214,200
2019 $4,879 $476,400 $254,500 $221,900
2018 $4,880 $476,400 $254,500 $221,900
2017 $5,141 $476,400 $0 $0
2016 $4,033 $481,000 $0 $0
2015 $4,033 $458,867 $0 $0
2014 $4,033 $436,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC707176

Bright MLS

APN: 08-01480543