NOT LISTED FOR SALE

8704 Falls Chapel Way Potomac, MD 20854

Estimated Value: $1,042,000 - $1,148,000

4 Beds
3.5 Baths
2,212 Sq Ft
$488/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $958,000 $433 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,502/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • 2 Car Direct Access Garage
  • Cold Spring Elementary School Rated A
  • No HOA
  • 3-minute walk to Falls Road Local Park

About This Home

As of May 2022

Beautiful 4 Bed 3.5 Bath colonial located in the heart of Potomac. 100k+ renovations! Newer roof and windows. Renovated kitchen with brand new cabinets and appliances. Brand new primary bathroom and hallway bathroom on upper levels. Fresh coat of paint inside the house and garage. Extra suite in the basement. Newly paved concrete driveway. Manicured lawns. Fenced backyard. Right across the street from Falls Road Park. Sidewalks thru out the neighborhood perfectly for walking pets, strolling, and jogging. Mins drive to groceries and restaurants at Cabin John Village. Close to Montgomery Mall. Easy access to I270. This could be your dream home.

Last Agent to Sell the Property

Howard Wang

(240) 258-8738 howardrealtyteam@gmail.com Howard Wang Realty License #661038 Listed on: 04/14/2022

Last Buyer's Agent

Wendy Banner

(301) 365-9090 Wendy@BannerTeam.com Compass License #0225162224

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,811

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Property is zoned R200

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Cold Spring Elementary School
  • Cabin John Middle School
  • Thomas S. Wootton High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Potomac Commons Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 160400138363

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,811

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-04-14
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful 4 Bed 3.5 Bath colonial located in the heart of Potomac. 100k+ renovations! Newer roof and windows. Renovated kitchen with brand new cabinets and appliances. Brand new primary bathroom and hallway bathroom on upper levels. Fresh coat of paint inside the house and garage. Extra suite in the basement. Newly paved concrete driveway. Manicured lawns. Fenced backyard. Right across the street from Falls Road Park. Sidewalks thru out the neighborhood perfectly for walking pets, strolling, and jogging. Mins drive to groceries and restaurants at Cabin John Village. Close to Montgomery Mall. Easy access to I270. This could be your dream home.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 2846
  • Living Area Sq Ft: 2212
  • Price Per Sq Ft: 443.35
  • Above Grade Finished Sq Ft: 2030
  • Below Grade Finished Sq Ft: 182
  • Below Grade Sq Ft: 634
  • Total Below Grade Sq Ft: 816
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8704

Beds/Baths

  • Bedrooms: 4
  • 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
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half 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 Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 361.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% 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

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: COLD SPRING
  • Middle School: CABIN JOHN
  • High School: THOMAS S. WOOTTON
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: COLD SPRING
  • High School: THOMAS S. WOOTTON
  • Middle Or Junior School: CABIN JOHN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 287200.00
  • Land Assessed Value: 380600.00
  • Land Use Code: R
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11107.00
  • Year Assessed: 2022
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13815697
  • Tax Annual Amount: 7811.00
  • Assessor Parcel Number: 160400138363
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 2030
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 05/19/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 18, 2022
Sold by
Jung Lee Chao and Jung Chin-Feng
Bought by
Dillenburg Margaret A
Seller's Agent
Howard Wang
Howard Wang Realty
Buyer's Agent
Wendy Banner
Compass
List Price
$899,999
Sold Price
$958,000
Premium/Discount to List
$58,001
6.44%
Current Estimated Value
$1,078,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,379
Avg. Annual Appreciation
3.55%
Original Mortgage
$766,400
Outstanding Balance
$728,388
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$349,991
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
Dillenburg Margaret A $958,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dillenburg Margaret A $766,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2022 05/19/22 Sold $958,000 +6.4% $433 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $899,999 -- $407 / 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 $9,150 $816,267 -- --
2024 $9,150 $742,033 $0 $0
2023 $8,274 $667,800 $380,600 $287,200
2022 $7,890 $666,567 $0 $0
2021 $15,621 $665,333 $0 $0
2020 $15,292 $664,100 $380,600 $283,500
2019 $7,646 $655,967 $0 $0
2018 $7,157 $647,833 $0 $0
2017 $7,618 $639,700 $0 $0
2016 -- $630,100 $0 $0
2015 $7,083 $620,500 $0 $0
2014 $7,083 $610,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Howard Wang

    Seller's Agent in 2022

    Howard Wang

    Howard Wang Realty

    (240) 258-8738

    4 in this area

    29 Total Sales

    Howard Wang
    Section Image
  • Wendy Banner

    Buyer's Agent in 2022

    Wendy Banner

    Compass

    (301) 365-9090

    99 in this area

    519 Total Sales

    Wendy Banner
    Section Image
  • Gail Gordon

    Buyer Co-Listing Agent in 2022

    Gail Gordon

    Compass

    (301) 529-8527

    32 in this area

    55 Total Sales

    Gail Gordon
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2045992

Bright MLS

APN: 04-00138363

Maryland Montgomery County Potomac 20854

8704 Falls Chapel Way, Potomac, MD

This home is located at 8704 Falls Chapel Way, Potomac, MD 20854 since 14 April 2022 and is currently estimated at $1,078,379, approximately $487 per square foot. This property was built in 1973. 8704 Falls Chapel Way is a home located in Montgomery County with nearby schools including Cold Spring Elementary School, Cabin John Middle School, and Thomas S. Wootton High School.

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