NOT LISTED FOR SALE

7962 Inverness Ridge Rd Potomac, MD 20854

Estimated Value: $729,000 - $772,000

3 Beds
3.5 Baths
2,183 Sq Ft
$346/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $685,000 $314 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,617/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Stainless Steel Appliances
  • Bells Mill Elementary School Rated A
  • 1 Fireplace
  • Galley Kitchen

About This Home

As of July 2023

This beautiful townhome located in the Inverness Forest neighborhood of Potomac, MD boast 3 bedrooms and 3.5 bathrooms. The home has been freshly painted and is well-maintained, making it move-in ready for its new owners. The living space is comfortable and inviting, making it perfect for relaxing and/or entertaining. The bedrooms are spacious and offer ample closet space. The townhome is conveniently located near shopping, dining, and entertainment options. Don't miss this opportunity to make this lovely townhome your new HOME!

Last Agent to Sell the Property

Michelle Hood

(240) 882-7726 michellehood@kw.com Keller Williams Flagship Listed on: 06/24/2023

Keller Williams Flagship

Last Buyer's Agent

Francisco Hoyos

(203) 570-3485 franky@mandyanddavid.com Compass

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,216

Year Built

  • Built in 1970

Lot Details

  • 2,031 Sq Ft Lot

HOA Fees

  • $77 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shake Roof

Interior Spaces

  • Property has 3 Levels
  • Whole House Fan
  • Recessed Lighting
  • 1 Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Dining Area

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Range Hood
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Electric Dryer
  • ENERGY STAR Qualified Washer

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Laundry in Basement
  • Basement Windows

Home Security

Parking

  • Assigned parking located at #7962
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Deck
  • Patio

Schools

  • Bells Mill Elementary School
  • Cabin John Middle School
  • Winston Churchill High School

Utilities

  • Central Heating and Cooling System
  • 120/240V
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 161000902167

Community Details

Overview

  • Association fees include road maintenance, snow removal, trash
  • Inverness Forest Subdivision

Amenities

  • Common Area

Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,216

Year Built

Built in 1970

Lot Details

0

HOA Fees

$77 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1970
  • Assigned Parking Space Numbers: 7962
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Refrigerator, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Laminated
  • Interior Amenities: Carpet, Dining Area, Kitchen - Galley, Primary Bath(s), Recessed Lighting
  • Window Features: Double Pane, Low-E, Vinyl Clad
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Walkout Level, Windows
  • Laundry Type: Basement, Dryer In Unit, Washer In Unit, Has Laundry
  • Total Sq Ft: 2183
  • Living Area Sq Ft: 2183
  • Price Per Sq Ft: 416.67
  • Above Grade Finished Sq Ft: 1560
  • Below Grade Finished Sq Ft: 623
  • Total Below Grade Sq Ft: 623
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7962

Beds/Baths

  • Bedrooms: 3
  • 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
  • Construction Materials: Brick
  • Roof: Shake
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 361.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Whole House Fan
  • Electric Service: 120/240V, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • HOA Fees: 460.00
  • HOA Fee Frequency: Semi-Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BELLS MILL
  • Middle School: CABIN JOHN
  • High School: WINSTON CHURCHILL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: BELLS MILL
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: CABIN JOHN

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2031.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2023
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6216.00
  • Assessor Parcel Number: 161000902167
  • Tax Lot: 16
  • Tax Total Finished Sq Ft: 2004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/26/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Jul 25, 2023
Sold by
Lum Alan
Bought by
Lee Jaesang and Kim Jiseung
Seller's Agent
Michelle Hood
Keller Williams Flagship
Buyer's Agent
Francisco Hoyos
Compass
List Price
$650,000
Sold Price
$685,000
Premium/Discount to List
$35,000
5.38%
Views
240
Current Estimated Value
$745,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,465
Avg. Annual Appreciation
3.87%
Original Mortgage
$616,500
Outstanding Balance
$598,723
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$146,742

Purchase Details

Closed on
Sep 3, 2004
Sold by
Nourbakhsh Mohammad R
Bought by
Lum Alan

Purchase Details

Closed on
Aug 11, 2004
Sold by
Nourbakhsh Mohammad R
Bought by
Lum Alan

Purchase Details

Closed on
Jul 27, 1999
Sold by
Steele & Wright Ann C Tr
Bought by
Nourbakhsh Mohammad R and Nourbakhsh Jaleh Nourbakhsh

Purchase Details

Closed on
Jan 4, 1996
Sold by
Wright Ann C S
Bought by
Ann C Steele & Wright Tr
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee Jaesang $685,000 Allied Title
Lum Alan $430,000 --
Lum Alan $430,000 --
Lum Alan $430,000 --
Lum Alan $430,000 --
Nourbakhsh Mohammad R $206,000 --
Ann C Steele & Wright Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jaesang $616,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2023 07/26/23 Sold $685,000 +5.4% $314 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/24/2023 06/24/23 For Sale $650,000 -- $298 / 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 $7,061 $591,800 $300,000 $291,800
2024 $7,061 $568,567 $0 $0
2023 $3,043 $545,333 $0 $0
2022 $5,524 $522,100 $300,000 $222,100
2021 $5,218 $512,333 $0 $0
2020 $5,218 $502,567 $0 $0
2019 $5,085 $492,800 $300,000 $192,800
2018 $4,867 $474,533 $0 $0
2017 $4,652 $456,267 $0 $0
2016 -- $438,000 $0 $0
2015 $4,134 $432,633 $0 $0
2014 $4,134 $427,267 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Hood

    Seller's Agent in 2023

    Michelle Hood

    Keller Williams Flagship

    (240) 882-7726

    1 in this area

    105 Total Sales

    Michelle Hood
    Section Image
  • Francisco Hoyos

    Buyer's Agent in 2023

    Francisco Hoyos

    Compass

    (203) 570-3485

    1 in this area

    85 Total Sales

    Francisco Hoyos
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2098084

Bright MLS

APN: 10-00902167

Maryland Montgomery County Potomac 20854

7962 Inverness Ridge Rd, Potomac, MD

This home is located at 7962 Inverness Ridge Rd, Potomac, MD 20854 since 24 June 2023 and is currently estimated at $755,827, approximately $346 per square foot. This property was built in 1970. 7962 Inverness Ridge Rd is a home located in Montgomery County with nearby schools including Bells Mill Elementary School, Cabin John Middle School, and Winston Churchill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes