NOT LISTED FOR SALE

8532 Bells Ridge Terrace Potomac, MD 20854

Estimated Value: $1,025,203 - $1,108,000

4 Beds
3.5 Baths
2,589 Sq Ft
$408/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $820,000 $317 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,415/month

5 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Recreation Room
  • Bells Mill Elementary School Rated A
  • Deck
  • Cathedral Ceiling

About This Home

As of August 2020

Offers to be reviewed on Tuesday, call listing team for details. Wonderfully updated and flooded with natural light, 8532 Bells Ridge Terrace is a coveted and rarely available corner unit townhome in the peaceful community of Bells Mill Estates. Showcasing 4 Bedrooms and 3.5 Baths, this lovely home welcomes you with an open floor plan, beautiful plantation shutters, luxurious millwork, and gleaming hardwood floors. Spacious and inviting, the open layout is excellent for entertaining. The bright Living Room is highlighted by large windows and graciously flows into the Dining Area. Graced with eye-catching, custom cabinetry, gorgeous marble counters, and stainless-steel appliances, the well-appointed Kitchen also has a Breakfast Area with additional built-ins. Perfect for everyday living, the Family Room is just off the Kitchen and a corner gas Fireplace with a modern stone surround warms the space. French doors open from the Family Room onto the updated Trex Deck, a relaxing space surrounded by tree tops and ideal for warm afternoons. Stairs lead from the Deck down to the fenced-in Garden. There are 3 Bedrooms and 2 Full Baths on the Upper Level including a large Master Suite. With a cathedral ceiling and multiple sunlight exposures, the Master Suite is a tranquil space that includes multiple closets and a spa-like Bath. The renovated Master Bath features a dual vanity, a jetted tub, and a separate shower. Bedrooms #2 and #3 share a large Hall Bath with a dual vanity. The walkout Lower Level has a Recreation Room with a gas Fireplace and French doors to the rear Garden, a fourth Bedroom, Full Bath, Laundry, and access to the Attached 2-Car Garage.

Last Agent to Sell the Property

Meg Percesepe

(240) 441-8434 meg.p@wfp.com Washington Fine Properties, LLC License #589653 Listed on: 06/18/2020

Washington Fine Properties, LLC

Last Buyer's Agent

Lisa Plushnick

(240) 899-8515 lplushnick@gmail.com RE/MAX Realty Group

RE/MAX Realty Group

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,430

Year Built

  • Built in 1997

Lot Details

  • 2,700 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $78 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Recessed Lighting
  • 2 Fireplaces
  • Gas Fireplace
  • French Doors
  • Six Panel Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Recreation Room
  • Home Security System

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Garage Access
  • Laundry in Basement
  • Basement Windows

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 161002983233

Community Details

Overview

  • Bells Mill Estates Subdivision

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,430

Year Built

Built in 1997

Lot Details

0

HOA Fees

$78 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1997
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Exhaust Fan, Icemaker, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Water Heater
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Combination Dining/Living, Combination Kitchen/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: French, Six Panel
  • Wall Ceiling Types: Cathedral Ceilings
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Breakfast Room, Recreation Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Full, Garage Access, Walkout Level, Windows
  • Laundry Type: Basement
  • Total Sq Ft: 3159
  • Living Area Sq Ft: 2589
  • Price Per Sq Ft: 384.07
  • Above Grade Finished Sq Ft: 2109
  • Below Grade Finished Sq Ft: 480
  • Below Grade Sq Ft: 570
  • Total Below Grade Sq Ft: 1050
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • 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
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 78.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: BELLS MILL
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: CABIN JOHN

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2700.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8430.00
  • Assessor Parcel Number: 161002983233
  • Tax Lot: 43
  • 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
Jun 18, 2020
Closed on
Aug 7, 2020
Sold by
Holland Cristine M and Milliner David L
Bought by
Jones Reginald D
Seller's Agent
Meg Percesepe
Washington Fine Properties, LLC
Buyer's Agent
Lisa Plushnick
RE/MAX Realty Group
List Price
$810,000
Sold Price
$820,000
Premium/Discount to List
$10,000
1.23%
Current Estimated Value
$1,055,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,801
Avg. Annual Appreciation
4.95%
Original Mortgage
$835,430
Outstanding Balance
$739,703
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$316,098

Purchase Details

Closed on
Oct 26, 2011
Sold by
Lee Eun Joo
Bought by
Holland Cristine M and Milliner David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2006
Sold by
Gerchick Jeffrey S and Gerchick Robin
Bought by
Lee Eun Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2006
Sold by
Gerchick Jeffrey S and Gerchick Robin
Bought by
Lee Eun Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2002
Sold by
Greenspan Jill M
Bought by
Gerchick Jeffrey S

Purchase Details

Closed on
Feb 24, 1999
Sold by
K Kenneth M and K Fine D
Bought by
Greenspan Jill M

Purchase Details

Closed on
Jan 26, 1998
Sold by
Kenneth M Fine
Bought by
K Kenneth M and K Fine D

Purchase Details

Closed on
Jun 5, 1997
Sold by
Stanley & Martin Bells Mill Ii
Bought by
Andronica Kathryn
Source: Public Records

Range of Values:

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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
Jones Reginald D $820,000 Hutton Patt T&E Llc
Holland Cristine M $715,000 Rsi Title Llc
Lee Eun Joo $695,000 --
Lee Eun Joo $695,000 --
Gerchick Jeffrey S $488,000 --
Greenspan Jill M $354,000 --
K Kenneth M -- --
Andronica Kathryn $337,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Reginald D $835,430
Previous Owner Holland Cristine M $625,500
Previous Owner Lee Eun Joo $195,000
Previous Owner Lee Eun Joo $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $820,000 +1.2% $317 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $810,000 -- $313 / 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 $9,588 $826,500 $375,000 $451,500
2024 $9,588 $799,900 $0 $0
2023 $9,958 $773,300 $0 $0
2022 $7,896 $746,700 $375,000 $371,700
2021 $7,819 $744,633 $0 $0
2020 $7,777 $742,567 $0 $0
2019 $7,739 $740,500 $375,000 $365,500
2018 $8,058 $719,900 $0 $0
2017 $7,907 $699,300 $0 $0
2016 -- $678,700 $0 $0
2015 $6,870 $663,633 $0 $0
2014 $6,870 $648,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC711924

Bright MLS

APN: 10-02983233