NOT LISTED FOR SALE

7972 Inverness Ridge Rd Potomac, MD 20854

Estimated Value: $710,047 - $779,000

3 Beds
3.5 Baths
1,464 Sq Ft
$507/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $542,500 $371 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,591/month

Highlights

  • 1 Fireplace
  • Breakfast Area or Nook
  • Laundry Room
  • Bells Mill Elementary School Rated A
  • Living Room
  • En-Suite Primary Bedroom

About This Home

As of February 2017

FSBO. Bright and open! Hardwood floors on main & upper levels, 2010 roof & kitchen counter; Updated baths, New windows! Walkout basement has fireplace + new engineered wood floor, new sliding door.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 02/14/2017

Last Buyer's Agent

Weiming Qi

(301) 660-6678 weiming.qi@yahoo.com Weichert, REALTORS License #643385

Weichert, REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,182

Year Built

  • Built in 1970

Lot Details

  • 2,053 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $62 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3.5 Bathrooms

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • Inverness Forest Subdivision

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 161000902076

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,182

Year Built

Built in 1970

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1970
  • Remarks Public: FSBO. Bright and open! Hardwood floors on main & upper levels, 2010 roof & kitchen counter; Updated baths, New windows! Walkout basement has fireplace + new engineered wood floor, new sliding door.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Fully Finished, Heated, Daylight, Full, Walkout Level
  • Living Area Units: Square Feet
  • Street Number Modifier: 7972

Beds/Baths

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

Exterior Features

  • Construction Materials: Combination, Brick
  • Pool Private: No
  • 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

Utilities

  • Refuse: 275.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 374.00
  • HOA Fee Frequency: Semi-Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809

Lot Info

  • Improvement Assessed Value: 178400.00
  • Land Assessed Value: 300000.00
  • Lot Size Acres: 0.05
  • Lot Size Area: 2053
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2053.00
  • Property Attached Yn: Yes
  • Year Assessed: 2017
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13984332
  • Tax Annual Amount: 5182.17
  • Assessor Parcel Number: 161000902076
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 1464
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 02/28/2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
Feb 28, 2017
Sold by
Chen Kang and Yang Yang
Bought by
Chen Jinchun and Shi Fangqun
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Weiming Qi
Weichert, REALTORS
List Price
$543,000
Sold Price
$542,500
Premium/Discount to List
-$500
-0.09%
Current Estimated Value
$742,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,012
Avg. Annual Appreciation
3.70%

Purchase Details

Closed on
Sep 20, 2010
Sold by
Chen Kang
Bought by
Chen Kang and Yang Yang

Purchase Details

Closed on
Sep 1, 2010
Sold by
Lacivita Albert F
Bought by
Chen Kang

Purchase Details

Closed on
Sep 5, 2007
Sold by
Lacivita Albert F and Lacivita A B
Bought by
Lacivita Albert F Rev Tr

Purchase Details

Closed on
Jun 7, 2007
Sold by
Lacivita Albert F and Lacivita A B
Bought by
Lacivita Albert F Rev Tr
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
Chen Jinchun $542,500 None Available
Chen Fact Jinchun $542,500 None Available
Chen Kang -- --
Chen Kang $448,000 --
Lacivita Albert F Rev Tr -- --
Lacivita Albert F Rev Tr -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2017 02/28/17 Sold $542,500 -0.1% $371 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $543,000 -- $371 / 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 $7,248 $609,500 $300,000 $309,500
2024 $7,248 $584,767 $0 $0
2023 $6,256 $560,033 $0 $0
2022 $5,670 $535,300 $300,000 $235,300
2021 $5,160 $516,333 $0 $0
2020 $5,160 $497,367 $0 $0
2019 $4,926 $478,400 $300,000 $178,400
2018 $4,709 $460,233 $0 $0
2017 $4,590 $442,067 $0 $0
2016 $3,994 $423,900 $0 $0
2015 $3,994 $418,900 $0 $0
2014 $3,994 $413,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Weiming Qi

    Buyer's Agent in 2017

    Weiming Qi

    Weichert Corporate

    (301) 660-6678

    2 in this area

    60 Total Sales

    Weiming Qi
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Map

Source: Bright MLS

MLS Number: 1002490177

Bright MLS

APN: 10-00902076

Maryland Montgomery County Potomac 20854

7972 Inverness Ridge Rd, Potomac, MD

This home is located at 7972 Inverness Ridge Rd, Potomac, MD 20854 since 14 February 2017 and is currently estimated at $742,512, approximately $507 per square foot. This property was built in 1970. 7972 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.

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