NOT LISTED FOR SALE

4112 Alfalfa Terrace Olney, MD 20832

Estimated Value: $959,000 - $994,000

4 Beds
3.5 Baths
3,397 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $929,900 $274 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,976/month

15 Days on Market

Highlights

  • Second Kitchen
  • Colonial Architecture
  • Attic
  • Cashell Elementary School Rated A
  • Wood Flooring
  • Gazebo

About This Home

As of February 2024

Looking for the PERFECT home? If so, your search is over - guaranteed! This is your one opportunity to purchase the "gem" of Cherrywood. No expense was spared in updating this beautiful, detached colonial situated in a quiet cul-de-sac. The main level features a private home office with a full wall, built-in bookcase. This is the perfect "work from home" space. Generous-sized formal living and dining rooms, both with real hardwood flooring. The eat-in kitchen is a chef's dream with granite counters, double oven, cooktop, "see-through" French door fridge, pantry, and cabinets galore. This space is truly the heart of the home! The impressive family room features a gas fireplace and an addition that bumps out 19+ feet - perfect for a holiday gathering. The upper-level features 4 bedrooms and 2 recently renovated baths (including the primary). The lower-level includes a full kitchen, rec room, bonus room (possible 5th bedroom without a window) and separate side entrance - perfect for an in-law suite or income-producing unit. The fully fenced rear yard is an oasis, with separate areas for a patio, firepit, and gazebo (yes, it conveys). Additional updates include Pella windows (2013), new entry door (2021), roof & gutter system (2020), patio and entry (2021), resurfaced driveway (2021), full kitchen remodel & bump out (2021), remodeled bathrooms (2021), and HVAC (2022). This is simply an impressive home! Conveniently located just minutes from Georgia Ave and the ICC which makes commuting around town a breeze. Take a look at the HD pics, take the 3D virtual tour, schedule an appointment, and come with your pen in hand ready to sign an offer! Make this your home for the holidays!

Last Agent to Sell the Property

Michael Vaughn

Pearson Smith Realty, LLC License #605556 Listed on: 12/15/2023

Pearson Smith Realty, LLC

Last Buyer's Agent

Elbert Graves

Samson Properties License #SP101111

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,647

Year Built

  • Built in 1987

Lot Details

  • 0.32 Acre Lot
  • Property is Fully Fenced
  • Property is in excellent condition
  • Property is zoned R200

HOA Fees

  • $7 Monthly HOA Fees

Parking

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

Home Design

  • Colonial Architecture
  • Bump-Outs
  • Frame Construction
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Attic

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Double Oven
  • Gas Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Laundry Chute

Finished Basement

  • Walk-Up Access
  • Side Exterior Basement Entry
  • Sump Pump

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Patio
  • Gazebo

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Community Details

  • Cherrywood HOA
  • Cherrywood Subdivision
  • Property Manager

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 160801788462

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,647

Year Built

Built in 1987

Lot Details

0

HOA Fees

$7 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-12-15
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Oven - Double, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: 2nd Kitchen, Attic, Built-Ins, Carpet, Ceiling Fan(s), Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space, Laundry Chute
  • Window Features: Energy Efficient
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Side Entrance, Sump Pump, Walkout Stairs
  • Laundry Type: Main Floor
  • Total Sq Ft: 4645
  • Living Area Sq Ft: 3397
  • Price Per Sq Ft: 270.80
  • Above Grade Finished Sq Ft: 3397
  • Below Grade Sq Ft: 1248
  • Total Below Grade Sq Ft: 1248
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4112

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Gazebo
  • Construction Materials: Frame
  • Exterior Features: Bump-Outs
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • 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: 2
  • Type Of Parking: Attached Garage

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: 86.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: CHERRYWOOD HOA
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Fencing: Fully
  • Land Use Code: R
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13952.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 7647.00
  • Assessor Parcel Number: 160801788462
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 3397
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 02/02/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Jan 30, 2024
Sold by
Gardner Family Trust
Bought by
Kebede Walelu Abel
Seller's Agent
Michael Vaughn
Pearson Smith Realty, LLC
Buyer's Agent
Elbert Graves
Samson Properties
List Price
$919,900
Sold Price
$929,900
Premium/Discount to List
$10,000
1.09%
Views
314
Current Estimated Value
$970,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,877
Avg. Annual Appreciation
2.59%
Original Mortgage
$883,405
Outstanding Balance
$872,061
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$94,679

Purchase Details

Closed on
Sep 27, 2019
Sold by
Gardner Joseph M and Gardner Lynn C
Bought by
Gardner Joseph Michael and Gardner Lynn Carol

Purchase Details

Closed on
Oct 12, 2001
Sold by
Gardner Joseph M
Bought by
Gardner Joseph M and Gardner Lynn C

Purchase Details

Closed on
Apr 22, 1994
Sold by
Sieling F E
Bought by
Gardner Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.6%
Source: Public Records

Range of Values:

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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
Kebede Walelu Abel $929,900 Cardinal Title
Gardner Joseph Michael -- None Available
Gardner Joseph M -- --
Gardner Joseph M $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kebede Walelu Abel $883,405
Previous Owner Gardner Lynn Carol $472,000
Previous Owner Gardner Joseph M $209,628
Previous Owner Gardner Joseph M $144,046
Previous Owner Gardner Joseph M $100,000
Previous Owner Gardner Joseph M $389,200
Previous Owner Gardner Joseph M $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $929,900 +1.1% $274 / Sq Ft
12/31/2023 12/31/23 Pending -- -- --
12/15/2023 12/15/23 For Sale $919,900 0.0% $271 / Sq Ft
12/11/2023 12/11/23 Price Changed $919,900 -- $271 / 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
2024 $8,149 $663,033 $0 $0
2023 $6,955 $621,867 $0 $0
2022 $6,183 $580,700 $260,400 $320,300
2021 $6,125 $580,700 $260,400 $320,300
2020 $6,099 $580,700 $260,400 $320,300
2019 $6,240 $595,100 $260,400 $334,700
2018 $6,244 $595,100 $260,400 $334,700
2017 $7,255 $595,100 $0 $0
2016 -- $660,700 $0 $0
2015 $5,526 $625,133 $0 $0
2014 $5,526 $589,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2114210

Bright MLS

APN: 08-01788462