NOT LISTED FOR SALE

8622 Wild Olive Dr Potomac, MD 20854

Estimated Value: $1,055,251 - $1,136,000

4 Beds
3 Baths
2,198 Sq Ft
$498/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $709,200 $323 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,454/month

3 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Eat-In Country Kitchen
  • Morton Elementary School Rated A-
  • No HOA
  • 1 Attached Carport Space

About This Home

As of March 2018

This pristine home is sited in the heart of Regency Estates, offering abundant natural light, wonderful flow for entertaining, expansive front and rear yards with gorgeous landscaping and ample storage on all four levels. The kitchen is updated and has a large eat-in-area perfect for everyday dining. This location allows you easy access to I-270/I-495, nearby shopping, restaurants and many parks.

Last Agent to Sell the Property

Kirsten Williams

(202) 657-2022 kcwilliams@ttrsir.com TTR Sotheby's International Realty License #0225047402 Listed on: 02/01/2018

TTR Sotheby's International Realty

Co-Listed By

Frank Snodgrass

(202) 257-0978 frank@franksnodgrass.com TTR Sotheby's International Realty

Last Buyer's Agent

Raghava Pallapolu

(703) 517-6799 rpallapolu@yahoo.com Fairfax Realty 50/66 LLC License #0225081466

Fairfax Realty 50/66 LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,262

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Property is zoned R90

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area

Kitchen

  • Eat-In Country Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Front Loading Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • 1 Attached Carport Space
  • Off-Street Parking

Utilities

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

Community Details

  • No Home Owners Association
  • Regency Estates Subdivision

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 160400105033

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,262

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1
  • Expected On Market: 2018-02-02
  • Year Built: 1970
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Kitchen - Country, Kitchen - Table Space, Dining Area, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Fully Finished
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00

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

  • 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: Off Street, 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

  • Improvement Assessed Value: 254300.00
  • Land Assessed Value: 368900.00
  • Lot Size Acres: 0.28
  • Lot Size Area: 12326
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12326.00
  • Property Attached Yn: No
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13899402
  • Tax Annual Amount: 7262.10
  • Assessor Parcel Number: 160400105033
  • Tax Lot: 23
  • 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

Listed on
Feb 1, 2018
Closed on
Mar 26, 2018
Sold by
The John Robert Bowden Living Trtust
Bought by
Pareek Abeer
Seller's Agent
Kirsten Williams
TTR Sotheby's International Realty
Buyer's Agent
Raghava Pallapolu
Fairfax Realty 50/66 LLC
List Price
$699,000
Sold Price
$709,200
Premium/Discount to List
$10,200
1.46%
Current Estimated Value
$1,094,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,863
Avg. Annual Appreciation
5.69%
Original Mortgage
$638,280
Outstanding Balance
$548,783
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$545,280

Purchase Details

Closed on
Oct 13, 2011
Sold by
Bowden John Robert and Bowden Joyce A
Bought by
John Robert Bowden Living Trust and Joyce A Bowden Living Trust

Purchase Details

Closed on
Jun 15, 2011
Sold by
John Robert Bowden Revocable Trust
Bought by
Bowden John Robert and Bowden Joyce A

Purchase Details

Closed on
Jun 3, 2009
Sold by
Bowden John R
Bought by
Bowden John Robert Tr

Purchase Details

Closed on
Dec 17, 2001
Sold by
Pollack Esther
Bought by
Bowden John R and Bowden Joyce A
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
Pareek Abeer $709,200 Commonwealth Land Title Ins
John Robert Bowden Living Trust -- None Available
Bowden John Robert -- None Available
Bowden John Robert Tr -- --
Bowden John R $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pareek Abeer $638,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $709,200 +1.5% $323 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $699,000 -- $318 / 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 $9,477 $873,367 -- --
2024 $9,477 $770,433 $0 $0
2023 $7,578 $667,500 $387,300 $280,200
2022 $7,018 $650,233 $0 $0
2021 $6,762 $632,967 $0 $0
2020 $6,538 $615,700 $387,300 $228,400
2019 $6,510 $615,700 $387,300 $228,400
2018 $6,496 $615,700 $387,300 $228,400
2017 $6,570 $623,200 $0 $0
2016 $6,204 $599,200 $0 $0
2015 $6,204 $575,200 $0 $0
2014 $6,204 $551,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1005815295

Bright MLS

APN: 04-00105033