NOT LISTED FOR SALE

8518 Postoak Rd Potomac, MD 20854

Estimated Value: $1,024,000 - $1,056,000

5 Beds
3.5 Baths
2,625 Sq Ft
$396/Sq Ft Est. Value

Last Sold April 16, 2018

Last sale price $815,000 $310 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,227/month

4 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Wood Flooring
  • Morton Elementary School Rated A-
  • Traditional Floor Plan
  • 4-minute walk to Beverly Farms Park

About This Home

As of April 2018

A stunner in Highland Stone! Large corner lot & fenced yard, this incredible 5BR/3.5BA Col brags $120K in updates/renovations in 2017! Top-of-the-line amenities & thoughtful design: Chef's dream kitchen by Bray & Scarff, Quartz c'tops, GE Cafe series.Lux MBA w/large glass shower & silestone seat. A rare quality home with character, mature landscaping & a new home feel.

Last Agent to Sell the Property

Michelle Yu

(240) 888-5076 michelleyurealestate@gmail.com Long & Foster Real Estate, Inc. Listed on: 02/15/2018

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Damian Buckley

(202) 438-6080 damian@thebuckleygroup.com Compass License #0225067852

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,258

Year Built

  • Built in 1968

Lot Details

  • 0.25 Acre Lot
  • Property is Fully Fenced
  • Property is in very good condition
  • Property is zoned R90

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Wet Bar
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Game Room
  • Utility Room
  • Laundry Room
  • Wood Flooring
  • Finished Basement
  • Connecting Stairway

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • 1 Attached Carport Space

Outdoor Features

  • Patio

Utilities

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

Community Details

  • No Home Owners Association
  • Highland Stone Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 160400118343

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,258

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Year Built: 1968
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area, Breakfast Area, Kitchen - Eat-In, Kitchen - Table Space, Kitchen - Gourmet, Primary Bath(s), Built-Ins, Chair Railings, Upgraded Countertops, Crown Moldings, Window Treatments, Wet/Dry Bar, Wood Floors, Recessed Lighting, Floor Plan - Traditional
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Den, Foyer, Laundry, Utility Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2625
  • Living Area Sq Ft: 2625
  • Price Per Sq Ft: 383.21
  • Above Grade Finished Sq Ft: 2085
  • Below Grade Finished Sq Ft: 540
  • Total Below Grade Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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

  • Carport Spaces: 1
  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Carport
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport

Utilities

  • Refuse: 275.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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

Lot Info

  • Fencing: Fully
  • Improvement Assessed Value: 256300.00
  • Land Assessed Value: 362900.00
  • Lot Size Acres: 0.25
  • Lot Size Area: 10934
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10934.00
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: R90

Green Features

  • Green Verification: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13814271
  • Tax Annual Amount: 7257.51
  • Assessor Parcel Number: 160400118343
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2020
Sold by
Chen Qi
Bought by
Chen Qi and Stier Ethan Matthew
Current Estimated Value
$1,040,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,219
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2018
Closed on
Apr 16, 2018
Sold by
Lerman Louis and Lerman Lori
Bought by
Chen Qi
Seller's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
Buyer's Agent
Damian Buckley
Compass
List Price
$799,000
Sold Price
$815,000
Premium/Discount to List
$16,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%
Original Mortgage
$652,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2015
Closed on
Jun 15, 2015
Sold by
Mccoy Marjorie Benita and Estate Of Marilyn Green
Bought by
Lerman Louis and Lerman Lori
Seller's Agent
Lorraine Gottlieb
RE/MAX Realty Services
Buyer's Agent
Barbara Nalls
TTR Sotheby's International Realty
List Price
$699,900
Sold Price
$650,000
Premium/Discount to List
-$49,900
-7.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$636,446
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 1996
Sold by
Green Wade and Green M
Bought by
Green Marilyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Qi -- Paradigm Title & Escrow Llc
Chen Qi $815,000 Tradition Title Llc
Lerman Louis $650,000 Title Town Settlements Llc
Green Marilyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Qi $635,219
Previous Owner Chen Qi $652,000
Previous Owner Lerman Louis $636,446
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2018 04/16/18 Sold $815,000 +2.0% $310 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $799,000 +22.9% $304 / Sq Ft
06/15/2015 06/15/15 Sold $650,000 -3.0% $312 / Sq Ft View Prior Sale
05/04/2015 05/04/15 Pending -- -- --
04/24/2015 04/24/15 Price Changed $669,900 -4.3% $321 / Sq Ft
04/10/2015 04/10/15 For Sale $699,900 -- $336 / 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 $9,462 $792,400 -- --
2024 $9,462 $769,200 $0 $0
2023 $8,483 $746,000 $381,000 $365,000
2022 $7,693 $711,367 $0 $0
2021 $7,244 $676,733 $0 $0
2020 $6,829 $642,100 $381,000 $261,100
2019 $6,717 $634,467 $0 $0
2018 $2,711 $626,833 $0 $0
2017 $6,566 $619,200 $0 $0
2016 -- $598,800 $0 $0
2015 $6,164 $578,400 $0 $0
2014 $6,164 $558,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000157038

Bright MLS

APN: 04-00118343