8740 Falls Chapel Way Potomac, MD 20854
4
Beds
2.5
Baths
3,458
Sq Ft
0.26
Acres
Highlights
- Colonial Architecture
- Wood Flooring
- No HOA
- Cold Spring Elementary School Rated A
- 1 Fireplace
- 4-minute walk to Falls Road Local Park
About This Home
As of June 2024Welcome to this stunning stately brick-front colonial, boasting a 2-car garage and scenic views from both the front and back, situated in a pristine location. This beautifully updated home features a modern kitchen with all-new stainless steel appliances, quartz countertops, a center island, and a built-in pantry. The main and upper levels showcase gorgeous hardwood flooring, updated windows, and contemporary lighting throughout.
The main level offers versatile living spaces, including an office/bedroom, a convenient laundry room, a mudroom, and a cozy family room with a floor-to-ceiling brick fireplace and a sliding door leading to a spacious deck. Upstairs, you'll find four generous bedrooms and two fully updated bathrooms. The master suite is a true retreat with a large walk-in closet and a designer spa-like bathroom featuring a standalone bathtub and a walk-in shower. The hall bathroom is also tastefully updated.
The lower level boasts an open floor plan, perfect for entertainment or a second office. The backyard is a gardener's paradise with a beautiful garden and a level green field, ideal for outdoor activities.
Located just steps away from Falls Rd Park, this prime location offers quick access to exits 4 & 5 of I-270, the sought-after Wootton District schools, and the Cabin John Shopping Center & recreational facilities. This exceptional home is a rare find – don’t miss out! Seller will review offers on Sunday 5/26 at 6pm if any.
Last Agent to Sell the Property
RE/MAX Realty Group License #589407 Listed on: 05/19/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,145
Year Built
- Built in 1969
Lot Details
- 0.26 Acre Lot
- Property is in very good condition
- Property is zoned R200
Parking
- 2 Car Detached Garage
- Front Facing Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Entrance Foyer
- Family Room
- Living Room
- Breakfast Room
- Dining Room
- Den
Kitchen
- Gas Oven or Range
- Stove
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Heated Basement
- Connecting Stairway
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 5
- Assessor Parcel Number 160400136557
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2024
Closed on
Jun 26, 2024
Sold by
Song Ge
Bought by
Ogbe Yonas K and Reda Luccia
Seller's Agent
Mandy Rehm
RE/MAX Realty Group
Buyer's Agent
Mat Segal
CENTURY 21 New Millennium
List Price
$1,249,000
Sold Price
$1,250,000
Premium/Discount to List
$1,000
0.08%
Total Days on Market
7
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,851
Avg. Annual Appreciation
0.41%
Original Mortgage
$1,000,000
Outstanding Balance
$991,493
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$263,358
Purchase Details
Closed on
Aug 29, 2019
Sold by
Foery Lou Ann D
Bought by
Mayers Louise Ann and The Louise Ann Mayers Revocabl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,200
Interest Rate
3.7%
Mortgage Type
New Conventional
Similar Homes in Potomac, MD
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,250,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Servicelink |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $600,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2024 06/24/24 | Sold | $1,250,000 | +0.1% | $361 / Sq Ft |
| 05/19/2024 05/19/24 | For Sale | $1,249,000 | +30.1% | $361 / Sq Ft |
| 12/15/2023 12/15/23 | Sold | $960,000 | +6.7% | $348 / Sq Ft |
| 11/15/2023 11/15/23 | Pending | -- | -- | -- |
| 11/09/2023 11/09/23 | For Sale | $899,995 | -- | $326 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,941 | $810,767 | $0 | $0 |
| 2023 | $8,453 | $743,400 | $381,700 | $361,700 |
| 2022 | $8,030 | $741,900 | $0 | $0 |
| 2021 | $7,946 | $740,400 | $0 | $0 |
| 2020 | $7,897 | $738,900 | $381,700 | $357,200 |
| 2019 | $7,769 | $729,933 | $0 | $0 |
| 2018 | $7,659 | $720,967 | $0 | $0 |
| 2017 | $7,776 | $712,000 | $0 | $0 |
| 2016 | -- | $704,000 | $0 | $0 |
| 2015 | $6,825 | $696,000 | $0 | $0 |
| 2014 | $6,825 | $688,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mandy Rehm
Seller's Agent in 2024
Mandy Rehm
Remax Realty Group
(240) 838-0672
14 in this area
86 Total Sales
-
Mat Segal
Buyer's Agent in 2024
Mat Segal
Century 21 New Millennium
(240) 277-1766
1 in this area
88 Total Sales
-
Jennifer Chow
Seller's Agent in 2023
Jennifer Chow
Real Living at Home
(301) 213-5364
24 in this area
143 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2132922
APN: 04-00136557
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