NOT LISTED FOR SALE

7301 Olive Tree Ct Gaithersburg, MD 20879

Estimated Value: $1,129,000 - $1,248,656

5 Beds
6.5 Baths
5,294 Sq Ft
$221/Sq Ft Est. Value

Last Sold November 29, 2019

Last sale price $775,000 $146 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,213/month

Highlights

  • Private Pool
  • Colonial Architecture
  • Wood Flooring
  • Col. Zadok Magruder High School Rated A-
  • Deck
  • 1 Fireplace

About This Home

As of November 2019

Beautiful Brookefield home on 1.6 acres. Freshly painted throughout and new 2nd floor carpet. Relax in the sun room with floor to ceiling windows or by the private pool surrounded by terraced plantings and a tiered sitting area. This center hall colonial has a flowing floor plan with lots of natural light and outdoor living spaces. Inside enjoy casual and formal living: a beautifully finished kitchen with breakfast area, formal dining room, living room, home office or den, family room, sunroom. Upstairs you will find a spacious master bedroom with large walk-in closet and master bath with a soaking tub. Three additional bedrooms, one with a private bath and two with a Jack and Jill bath, round out the second floor. On the third floor you will find a private suit with bedroom, bath, and sitting room. The lower level opens to the pool area and has a changing area and a full bath for post pool time, a wet bar, rec area, and a media or entertaining area, as well as finished and unfinished storage. Come enjoy the good life!

Last Agent to Sell the Property

Cecilia Morgan

(301) 639-2582 ceciliamorganhomes@gmail.com RE/MAX Results License #673794 Listed on: 05/11/2019

RE/MAX Results

Last Buyer's Agent

Richard Fox

(301) 788-4141 thefoxteam@thefoxteam.net RE/MAX Realty Centre, Inc.

RE/MAX Realty Centre, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,681

Year Built

  • Built in 1994

Lot Details

  • 1.61 Acre Lot
  • Split Rail Fence
  • Extensive Hardscape
  • Corner Lot
  • Property is in good condition
  • Property is zoned RE1

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Aluminum Siding
  • Stone Siding
  • Active Radon Mitigation

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Den
  • Hobby Room
  • Solarium
  • Storage Room

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Partially Finished Basement

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

Home Security

  • Home Security System
  • Fire Sprinkler System

Outdoor Features

  • Private Pool
  • Deck
  • Patio
  • Exterior Lighting

Utilities

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

Community Details

  • Cypress Run HOA, Phone Number (301) 840-1800
  • Brookefield Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 160102957622

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,681

Year Built

Built in 1994

Lot Details

0

HOA Fees

$21 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1994
  • Remarks Public: Beautiful Brookefield home on 1.6 acres. Freshly painted throughout and new 2nd floor carpet. Relax in the sun room with floor to ceiling windows or by the private pool surrounded by terraced plantings and a tiered sitting area. This center hall colonial has a flowing floor plan with lots of natural light and outdoor living spaces. Inside enjoy casual and formal living: a beautifully finished kitchen with breakfast area, formal dining room, living room, home office or den, family room, sunroom. Upstairs you will find a spacious master bedroom with large walk-in closet and master bath with a soaking tub. Three additional bedrooms, one with a private bath and two with a Jack and Jill bath, round out the second floor. On the third floor you will find a private suit with bedroom, bath, and sitting room. The lower level opens to the pool area and has a changing area and a full bath for post pool time, a wet bar, rec area, and a media or entertaining area, as well as finished and unfinished storage. Come enjoy the good life!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Washer - Front Loading, Dryer - Front Loading
  • Flooring Type: Wood, Carpet
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block, Active Radon Mitigation
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Den, Foyer, Great Room, Office, Solarium, Storage Room, Bathroom 1, Hobby Room, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Full, Partially Finished, Side Entrance, Walkout Level, Outside Entrance, Improved
  • Laundry Type: Basement
  • Total Sq Ft: 6036
  • Living Area Sq Ft: 5294
  • Price Per Sq Ft: 206.78
  • Above Grade Finished Sq Ft: 3864
  • Below Grade Finished Sq Ft: 1430
  • Below Grade Sq Ft: 742
  • Total Below Grade Sq Ft: 2172
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7301

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Aluminum Siding, Stone
  • Exterior Features: Extensive Hardscape, Exterior Lighting
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Parking Features: Paved Parking, Paved Driveway
  • Garage Features: Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Monthly Average Electric: 270
  • Previous Twelve Months Electric Expense: 3241.80
  • Gas Avg Month: 98.02
  • Gas Prev12 Months: 1176.24
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System, Sprinkler System - Indoor
  • Sewer/Septic System: Septic Exists
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Name: CYPRESS RUN
  • HOA Phone: 301-840-1800
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Split Rail
  • Improvement Assessed Value: 354600.00
  • Land Assessed Value: 381700.00
  • Land Use Code: 011
  • Lot Size Acres: 1.61
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 70056.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: RE1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13791454
  • Tax Annual Amount: 8681.00
  • Assessor Parcel Number: 160102957622
  • Tax Lot: 7
  • Tax Total Finished Sq Ft: 5294
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 11/29/2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2019
Closed on
Jan 26, 2020
Sold by
Williams Avon and Williams Aya Collins
Bought by
Williams Avon and Williams Aya Collins
Seller's Agent
Cecilia Morgan
RE/MAX Results
Buyer's Agent
Richard Fox
RE/MAX Realty Centre, Inc.
List Price
$809,000
Sold Price
$775,000
Premium/Discount to List
-$34,000
-4.2%
Current Estimated Value
$1,170,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,914
Avg. Annual Appreciation
7.30%
Original Mortgage
$575,000
Outstanding Balance
$507,936
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$662,978

Purchase Details

Listed on
May 11, 2019
Closed on
Nov 29, 2019
Sold by
Belamaric John and Belamaric Robin
Bought by
Williams Avon and Collins Aya
Seller's Agent
Cecilia Morgan
RE/MAX Results
Buyer's Agent
Richard Fox
RE/MAX Realty Centre, Inc.
List Price
$809,000
Sold Price
$775,000
Premium/Discount to List
-$34,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$507,936
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$662,978

Purchase Details

Closed on
Jan 17, 2018
Sold by
Larry Laura and Larry Laura Larry
Bought by
Belamaric John and Belamaric Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2004
Sold by
Sotos George and Sotos M
Bought by
Larry Laura and Larry Robin

Purchase Details

Closed on
Sep 9, 1996
Sold by
Aljon Ltd Partnership
Bought by
Sotos George and Sotos M

Purchase Details

Closed on
Jul 1, 1993
Sold by
Cajon Ltd Ptnshp
Bought by
Aljon Ltd Partnership
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
Williams Avon -- Blue Ridge Title Company
Williams Avon $775,000 Blue Ridge Title Company
Belamaric John $850,000 None Available
Larry Laura $827,500 --
Larry Laura $827,500 --
Sotos George $420,000 --
Aljon Ltd Partnership $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Avon $575,000
Previous Owner Belamaric John $665,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2019 11/29/19 Sold $775,000 -3.0% $146 / Sq Ft
10/23/2019 10/23/19 Price Changed $799,000 -1.2% $151 / Sq Ft
09/18/2019 09/18/19 For Sale $809,000 +4.4% $153 / Sq Ft
09/12/2019 09/12/19 Off Market $775,000 -- --
08/15/2019 08/15/19 Price Changed $809,000 -1.2% $153 / Sq Ft
05/11/2019 05/11/19 For Sale $819,000 -- $155 / 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 $11,508 $1,071,033 -- --
2024 $11,508 $942,967 $0 $0
2023 $9,306 $814,900 $258,400 $556,500
2022 $8,642 $792,700 $0 $0
2021 $8,331 $770,500 $0 $0
2020 $8,055 $748,300 $258,400 $489,900
2019 $7,989 $744,300 $0 $0
2018 $7,952 $740,300 $0 $0
2017 $8,501 $736,300 $0 $0
2016 -- $714,500 $0 $0
2015 $8,461 $692,700 $0 $0
2014 $8,461 $670,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Cecilia Morgan

    RE/MAX

    Section Image
  • Richard Fox

    Buyer's Agent in 2019

    Richard Fox

    RE/MAX

    (301) 788-4141

    211 Total Sales

    Richard Fox
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC658100

Bright MLS

APN: 01-02957622

Maryland Montgomery County Gaithersburg 20879

7301 Olive Tree Ct, Gaithersburg, MD

This home is located at 7301 Olive Tree Ct, Gaithersburg, MD 20879 since 11 May 2019 and is currently estimated at $1,170,914, approximately $221 per square foot. This property was built in 1994. 7301 Olive Tree Ct is a home located in Montgomery County with nearby schools including Judith A. Resnik Elementary School, Redland Middle School, and Col. Zadok Magruder High School.

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