NOT LISTED FOR SALE

8513 Horseshoe Ln Potomac, MD 20854

Estimated Value: $2,283,000 - $2,940,000

6 Beds
8 Baths
9,211 Sq Ft
$274/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $1,735,000 $188 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $15,142/month

108 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • 2 Acre Lot
  • Contemporary Architecture
  • Morton Elementary School Rated A-
  • Open Floorplan
  • Two Story Ceilings

About This Home

As of October 2020

This truly outstanding custom contemporary is reminiscent of the finest homes found in Palm Beach and Beverly Hills and features a fabulous renovation completed in 2017. An open floor plan provides for both full scale entertaining as well as a comfortable family living and is highlighted with dramatic two-story ceilings, custom millwork, designer materials, and expert craftsmanship. Originally designed by award-winning architect Bruce Rich and constructed by acclaimed Jeffco Builders, this unique home wows at every turn. From the sensational two-story great room to the terrific separate family room with vaulted ceiling, to the exceptional main level master bedroom suite with brand new luxurious bath, no detail has been compromised in presenting this home of distinction. Three bedroom suites with renovated baths adorn the upper level while the fully finished walkout level is complete with second family room, sunroom, exercise room, media room, and additional guest bedroom. A second guest suite if found on the main level and doubles as a private den/office. Multi-tieredterraces take advantage of the breathtaking and natural views of both a stream and parkland on this extraordinary 2-acre lot. Located only five minutes from PotomacVillage, the home is convenient as well to the C&O Canal, Great Falls Park, TysonsCorner, Georgetown and two major airports. Offered to the most discerning buyers.

Last Agent to Sell the Property

Xinya Zhang

(240) 353-1281 xinya.zhang@lnf.com Long & Foster Real Estate, Inc. Listed on: 05/11/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Muzaffar Mumtaz

(240) 731-6254 muzaffarmumtaz@hotmail.com First American Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,421

Year Built

  • Built in 1995

Lot Details

  • 2 Acre Lot
  • Stone Retaining Walls
  • Extensive Hardscape
  • Sprinkler System
  • Property is zoned RE2

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Formal Dining Room
  • Flood Lights

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Basement Windows

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • Potomac Elementary School
  • Herbert Hoover Middle School
  • Winston Churchill High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Potomac Ranch Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 161000862618

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,421

Year Built

Built in 1995

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2020-05-20
  • Federal Flood Zone: No
  • Year Built: 1995
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Breakfast Area, Built-Ins, Crown Moldings, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Gourmet, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Soaking Tub, Sprinkler System, Walk-In Closet(s), Window Treatments, Wood Floors, Upgraded Countertops, Store/Office, Formal/Separate Dining Room, Floor Plan - Open
  • Fireplaces Count: 1
  • Wall Ceiling Types: 2 Story Ceilings, High
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Improved, Interior Access, Outside Entrance, Rear Entrance, Walkout Level, Windows
  • Total Sq Ft: 9896
  • Living Area Sq Ft: 9211
  • Price Per Sq Ft: 316.56
  • Above Grade Finished Sq Ft: 5841
  • Below Grade Finished Sq Ft: 3370
  • Below Grade Sq Ft: 685
  • Total Below Grade Sq Ft: 4055
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Extensive Hardscape, Flood Lights, Stone Retaining Walls, Underground Lawn Sprinkler
  • Roof: Tile
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway, Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: POTOMAC
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 1033900.00
  • Land Assessed Value: 550000.00
  • Lot Size Acres: 2.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Zoning: RE2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13980600
  • Tax Annual Amount: 19421.00
  • Assessor Parcel Number: 161000862618
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Oct 15, 2020
Sold by
Liu Qingqing and Zhang Ruijun
Bought by
Chaudhary Omar R and Hasan Sarah
Seller's Agent
Xinya Zhang
Long & Foster Real Estate, Inc.
Buyer's Agent
Muzaffar Mumtaz
First American Real Estate
List Price
$1,849,000
Sold Price
$1,735,000
Premium/Discount to List
-$114,000
-6.17%
Current Estimated Value
$2,523,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$788,289
Avg. Annual Appreciation
7.57%
Original Mortgage
$1,390,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2017
Closed on
Nov 1, 2017
Sold by
Kogod Bruce N and Halioua Leslye Rifka
Bought by
Zhang Ruijun
Seller's Agent
Marc Fleisher
Compass
Buyer's Agent
Xinya Zhang
Long & Foster Real Estate, Inc.
List Price
$2,150,000
Sold Price
$1,908,888
Premium/Discount to List
-$241,112
-11.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.18%
Original Mortgage
$1,145,332
Interest Rate
3.16%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 20, 2015
Sold by
Kogod Bruce N
Bought by
Kogod Bruce N and Halioua Leslyle Rifka
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chaudhary Omar R $1,737,500 Courtesy Title & Escrow Corp
Zhang Ruijun $1,908,888 Rgs Title Llc
Kogod Bruce N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chaudhary Omar R $1,390,000
Previous Owner Zhang Ruijun $1,145,332
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2020 10/15/20 Sold $1,735,000 -6.2% $188 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $1,849,000 -3.1% $201 / Sq Ft
10/31/2017 10/31/17 Sold $1,908,888 -4.3% $207 / Sq Ft View Prior Sale
09/18/2017 09/18/17 Pending -- -- --
09/05/2017 09/05/17 Price Changed $1,995,000 -7.2% $216 / Sq Ft
06/15/2017 06/15/17 For Sale $2,150,000 -- $233 / 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 $22,274 $2,016,500 $550,000 $1,466,500
2024 $22,274 $1,872,300 $0 $0
2023 $19,890 $1,728,100 $0 $0
2022 $17,433 $1,583,900 $550,000 $1,033,900
2021 $17,356 $1,583,900 $550,000 $1,033,900
2020 $10,034 $1,583,900 $550,000 $1,033,900
2019 $18,730 $1,713,600 $616,000 $1,097,600
2018 $18,756 $1,713,600 $616,000 $1,097,600
2017 $20,517 $1,713,600 $0 $0
2016 $16,784 $1,733,200 $0 $0
2015 $16,784 $1,666,133 $0 $0
2014 $16,784 $1,599,067 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC705956

Bright MLS

APN: 10-00862618