NOT LISTED FOR SALE

7 Olmstead Ct Potomac, MD 20854

Estimated Value: $991,000 - $1,096,000

4 Beds
3.5 Baths
2,301 Sq Ft
$458/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $680,000 $296 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,522/month

Highlights

  • Raised Ranch Architecture
  • Wood Flooring
  • No HOA
  • Ritchie Park Elementary School Rated A
  • 1 Fireplace
  • Upgraded Countertops

About This Home

As of February 2019

GREAT LOCATION, PRICED REDUCED. YOU MUST SEE THIS WONDERFUL 4 BEDROOM HOME, 3 1/2 BATHS ON A BEAUTIFUL CUL DE SAC, WITH OPEN FLOOR PLANS, WOOD FLOORS, CERAMIC, UPDATED BATHROOMS, UPDATED KITCHEN, NEW LG STOVE, GRANITE COUNTER TOPS, NEW CARPET. WALK-OUT FROM FAMILY ROOM TO PATIO, NEW WINDOWS MAIN LEVEL. LOTS OF STORAGE, PAINTED WITH NEUTRAL COLORS, LARGE YARD, READY TO MOVE IN. CLOSE TO I 270.

Last Agent to Sell the Property

Sonia Ruiz

(703) 408-2980 sschruiz@gmail.com Solutions Realty Group LLC License #0225067525 Listed on: 08/11/2018

Last Buyer's Agent

Hank May

(301) 980-1991 HANK.MAY@longandfoster.com Long & Foster Real Estate, Inc. License #521042

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,486

Year Built

  • Built in 1977

Lot Details

  • 0.36 Acre Lot
  • Property is in very good condition
  • Property is zoned R90

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,301 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Game Room
  • Wood Flooring
  • Finished Basement
  • Sump Pump

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Shed

Schools

  • Ritchie Park Elementary School
  • Julius West Middle School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Horizon Hill Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 20
  • Assessor Parcel Number 160401727282

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,486

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1977
  • Remarks Public: GREAT LOCATION, PRICED REDUCED. YOU MUST SEE THIS WONDERFUL 4 BEDROOM HOME, 3 1/2 BATHS ON A BEAUTIFUL CUL DE SAC, WITH OPEN FLOOR PLANS, WOOD FLOORS, CERAMIC, UPDATED BATHROOMS, UPDATED KITCHEN, NEW LG STOVE, GRANITE COUNTER TOPS, NEW CARPET. WALK-OUT FROM FAMILY ROOM TO PATIO, NEW WINDOWS MAIN LEVEL. LOTS OF STORAGE, PAINTED WITH NEUTRAL COLORS, LARGE YARD, READY TO MOVE IN. CLOSE TO I 270.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer, Water Heater, Microwave
  • Interior Amenities: Breakfast Area, Dining Area, Kitchen - Eat-In, Family Room Off Kitchen, Upgraded Countertops, Window Treatments, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Game Room, Family Room, Breakfast Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Sump Pump, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2301
  • Living Area Sq Ft: 2301
  • Price Per Sq Ft: 303.78
  • Above Grade Finished Sq Ft: 2301
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

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
  • Other Structures List: Shed
  • Construction Materials: Brick
  • 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
  • Parking Features: Paved Parking
  • Garage Features: Covered Parking, Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: RITCHIE PARK
  • Middle School: JULIUS WEST
  • School District Key: 121138126809
  • Elementary School: RITCHIE PARK
  • Middle Or Junior School: JULIUS WEST

Lot Info

  • Improvement Assessed Value: 235.60
  • Land Assessed Value: 382400.00
  • Lot Size Acres: 0.36
  • Lot Size Area: 15666
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15666.00
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R90
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13824644
  • Tax Annual Amount: 8486.00
  • Assessor Parcel Number: 160401727282
  • Tax Lot: 20
  • Tax Total Finished Sq Ft: 2301
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 02/28/2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2018
Sold by
Zappani German and Alvarez Paula
Bought by
Hoa Micahel and Hoa Amanda L
Current Estimated Value
$1,054,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2009
Sold by
Zappani German
Bought by
Zappani German

Purchase Details

Closed on
Sep 6, 2007
Sold by
Chen Peter K and Chen C
Bought by
Zappani German and Zappani Paula Avarez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2007
Sold by
Chen Peter K and Chen C
Bought by
Zappani German and Zappani Paula Avarez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Hoa Micahel $680,000 Rgs Title
Zappani German -- --
Zappani German $675,000 --
Zappani German $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoa Micahel $544,000
Previous Owner Zappani German $540,000
Previous Owner Zappani German $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $680,000 -2.7% $296 / Sq Ft
11/02/2018 11/02/18 Price Changed $699,000 -1.4% $304 / Sq Ft
10/14/2018 10/14/18 Price Changed $709,000 -0.8% $308 / Sq Ft
10/05/2018 10/05/18 Price Changed $715,000 -1.4% $311 / Sq Ft
08/11/2018 08/11/18 For Sale $724,900 0.0% $315 / Sq Ft
02/08/2015 02/08/15 Rented $2,900 -3.3% --
02/07/2015 02/07/15 Under Contract -- -- --
01/25/2015 01/25/15 For Rent $3,000 -7.7% --
12/01/2012 12/01/12 Rented $3,250 -4.4% --
12/01/2012 12/01/12 Under Contract -- -- --
09/28/2012 09/28/12 For Rent $3,400 -- --
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 $10,927 $836,400 -- --
2024 $10,927 $766,700 $0 $0
2023 $9,219 $697,000 $401,500 $295,500
2022 $8,614 $670,667 $0 $0
2021 $8,284 $644,333 $0 $0
2020 $15,797 $618,000 $382,400 $235,600
2019 $7,901 $617,100 $0 $0
2018 $8,630 $616,200 $0 $0
2017 $8,486 $615,300 $0 $0
2016 $7,699 $587,933 $0 $0
2015 $7,699 $560,567 $0 $0
2014 $7,699 $533,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002217576

Bright MLS

APN: 04-01727282