NOT LISTED FOR SALE

8623 Wild Olive Dr Potomac, MD 20854

Estimated Value: $932,000 - $1,018,000

5 Beds
4 Baths
2,520 Sq Ft
$384/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $985,000 $391 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,792/month

5 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Forced Air Heating and Cooling System
  • Beverly Farms Elementary School Rated A
  • 2 Attached Carport Spaces

About This Home

As of April 2024

Stunning renovated split level in beautiful Regency Estates! Nestled at the end of a cul-de-sac, this stunner includes four fabulous levels! This home boasts one of the largest lots in the neighborhood, loaded with numerous upgrades!! Starting with the open main level, you will notice the modern design touches that are hard to beat, especially the custom fireplace and surround! The recently redone designer kitchen includes new custom cabinets and countertops, floating shelves, stainless steel appliances, and more! If the recessed lighting isn't enough, the natural light that shines through surely is. The upper level features four large bedrooms and two renovated full baths. The first lower level features a family room with a stunning brick fireplace to go along with a wonderful kitchenette, complete with walkout access. Down one more level includes a rec room, a renovated full bathroom, and a bonus room. Don't miss the outdoor space with spectacular views and patio area perfect for a fire pit during the cold months. With just minutes to shops and dining and seconds to major commuter roads, this lovingly cared-for home will not last!!

Last Agent to Sell the Property

Karen Rollings

(301) 924-8200 karenrollings@gmail.com EXP Realty, LLC License #66514 Listed on: 03/02/2024

EXP Realty, LLC

Last Buyer's Agent

Andrea Zasowski

(240) 497-1700 andreaz@lnf.com Long & Foster Real Estate, Inc. License #601314

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,754

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot
  • Property is zoned R90

Home Design

  • Split Level Home
  • Frame Construction

Interior Spaces

  • Property has 4 Levels
  • 1 Fireplace
  • Finished Basement

Bedrooms and Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Driveway

Schools

  • Beverly Farms Elementary School
  • Herbert Hoover Middle School
  • Winston Churchill High School

Utilities

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

Community Details

  • No Home Owners Association
  • Regency Estates Subdivision

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 160400106766

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,754

Year Built

Built in 1969

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1
  • Expected On Market: 2024-03-02
  • Year Built: 1969
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 4
  • Room List: Basement
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2842
  • Living Area Sq Ft: 2520
  • Price Per Sq Ft: 434.03
  • Above Grade Finished Sq Ft: 2198
  • Below Grade Finished Sq Ft: 322
  • Below Grade Sq Ft: 322
  • Total Below Grade Sq Ft: 644
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Levels 2 Bathrooms: 1.00
  • Lower Level Full Bathrooms: 2
  • Lower Level 2 Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport, Driveway

Utilities

  • Refuse: 361.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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

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: BEVERLY FARMS
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: HERBERT HOOVER

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11237.00
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7754.00
  • Assessor Parcel Number: 160400106766
  • Tax Lot: 27
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
Apr 9, 2024
Sold by
Solmovitz De Altmann Susana V and Altmann Claudio D
Bought by
Fasetire Olufunso Ayomide and Fasetire Evbaziengbere Suzy
Seller's Agent
Karen Rollings
EXP Realty, LLC
Buyer's Agent
Andrea Zasowski
Long & Foster Real Estate, Inc.
List Price
$954,000
Sold Price
$985,000
Premium/Discount to List
$31,000
3.25%
Views
889
Current Estimated Value
$968,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,343
Avg. Annual Appreciation
-0.86%
Original Mortgage
$788,000
Outstanding Balance
$772,935
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$195,722

Purchase Details

Closed on
Apr 26, 2011
Sold by
Deaver Tina
Bought by
Altmann Claudio D and Altmann Susana V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,902
Interest Rate
4.76%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 2011
Sold by
Deaver Tina
Bought by
Altmann Claudio D and Altmann Susana V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,902
Interest Rate
4.76%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 1999
Sold by
Pavliakova Viliam and Pavliakova D
Bought by
Deaver Tina
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
Fasetire Olufunso Ayomide $985,000 Wfg National Title Insurance C
Fasetire Olufunso Ayomide $985,000 Wfg National Title Insurance C
Altmann Claudio D $635,000 --
Altmann Claudio D $635,000 --
Altmann Claudio D $635,000 --
Altmann Claudio D $635,000 --
Deaver Tina $322,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fasetire Olufunso Ayomide $788,000
Closed Fasetire Olufunso Ayomide $788,000
Previous Owner Altmann Claudio D $618,902
Previous Owner Altmann Claudio D $618,902
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $985,000 +3.2% $391 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/02/2024 03/02/24 For Sale $954,000 -- $379 / Sq Ft
Source: Bright MLS

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 $8,369 $725,700 -- --
2024 $8,369 $674,200 $0 $0
2023 $7,062 $622,700 $382,400 $240,300
2022 $6,666 $618,333 $0 $0
2021 $6,471 $613,967 $0 $0
2020 $6,471 $609,600 $382,400 $227,200
2019 $6,443 $609,600 $382,400 $227,200
2018 $6,429 $609,600 $382,400 $227,200
2017 $6,629 $617,100 $0 $0
2016 -- $593,100 $0 $0
2015 $6,144 $569,100 $0 $0
2014 $6,144 $545,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2120558

Bright MLS

APN: 04-00106766

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