8740 Falls Chapel Way Potomac, MD 20854
4
Beds
2.5
Baths
2,758
Sq Ft
0.26
Acres
Highlights
- Colonial Architecture
- 1 Fireplace
- Den
- Cold Spring Elementary School Rated A
- No HOA
- 4-minute walk to Falls Road Local Park
About This Home
As of June 2024Investor's Dream: Prime Location
This property, boasting a single original owner, presents a unique investment opportunity. It retains its original kitchen, bathrooms, and windows, with hardwood floors concealed beneath wall-to-wall carpeting. Perfect opportunity to make your own upgrades. Situated in a prime location, the house offers convenient proximity to the highway, a park, and falls within the prestigious Wootton school district.
All offers due on Tuesday, Nov 14 by 12:00
Last Agent to Sell the Property
RLAH @properties License #651413 Listed on: 11/09/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,722
Year Built
- Built in 1969
Lot Details
- 0.26 Acre Lot
- 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
- Basement
- Connecting Stairway
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
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
6
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: MDMC2112592
APN: 04-00136557
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 8905 Copenhaver Dr
- 9000 Hunting Horn Ln
- 2303 Chilham Place
- 1 Orchard Way S
- 9117 Paddock Ln
- 1399 Kimblewick Rd
- 2003 Stratton Dr
- 8519 Atwell Rd
- 12609 Steeple Chase Way
- 10 Sunrise Ct
- 12817 Huntsman Way
- 1389 Kimblewick Rd
- 12012 Coldstream Dr
- 3 Harrowgate Ct
- 4 Wild Olive Ct
- 12303 Captain Smith Ct
- 9321 Bentridge Ave
- 9331 Bentridge Ave
- 9710 Overlea Dr
- 11 Bentridge Ct