Seller's Agent in 2020
Adaline Neely
Washington Fine Properties
(301) 580-2214
2 Total Sales
8840 Belmart Rd Potomac, MD 20854
Estimated Value: $2,619,000 - $3,180,000
5
Beds
7
Baths
6,429
Sq Ft
$446/Sq Ft
Est. Value
Highlights
- In Ground Pool
- 2 Acre Lot
- 3 Fireplaces
- Potomac Elementary School Rated A
- Colonial Architecture
- No HOA
About This Home
As of March 2020NEW PRICE! WHAT AN OPPORTUNITY! $300,000 REDUCTION....NOW $2,185,000. PERFECTION ON 3 FABULOUS LEVELS.. UPDATED AND EXPANDED WITH THE FINEST IN DESIGN AND MATERIALS. THIS ONE IS TRULY MOVE-IN-READY. TOP-OF-THE-LINE CHEF'S KITCHEN,OPEN TO WONDERFUL FAMILY ROOM AND VERY SPECIAL FIRST FLOOR MASTER SUITE . 5 BRS AND 5 FBS. LOWER LEVEL HAS 1000 BOTTLE WINE CELLAR, BILARDS AND MEDIA ROOMS PLUS 2 FULL BATHS... WALK OUT TO A BEAUTIFUL POOL (W/AUTO COVER) FENCED WITH BEAUTIFUL GARDEN SURROUNDING IT. THE TWO -ACRE SETTING IS ALSO NEAR PERFECTION. FROM THE COBBLESTONE CIRCULAR ENTRANCE TO THE GARDEN SHED, THIS ONE HAS IT ALL! CALL OR TEXT FOR EASY SHOWING.
Last Agent to Sell the Property
Washington Fine Properties, LLC License #79611 Listed on: 11/04/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,938
Year Built
- Built in 1973
Lot Details
- 2 Acre Lot
- Stone Retaining Walls
- Extensive Hardscape
- Sprinkler System
- Property is zoned RE2
Parking
- 2 Car Attached Garage
- Side Facing Garage
Home Design
- Colonial Architecture
Interior Spaces
- Property has 3 Levels
- 3 Fireplaces
- Finished Basement
- Basement with some natural light
Bedrooms and Bathrooms
Outdoor Features
- In Ground Pool
- Exterior Lighting
Schools
- Potomac Elementary School
- Herbert Hoover Middle School
- Winston Churchill High School
Utilities
- Forced Air Heating and Cooling System
- Septic Tank
Community Details
- No Home Owners Association
- Potomac Falls Subdivision
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 161001508738
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2019
Closed on
Mar 19, 2020
Sold by
Ridgway David Barrett and Ridgway Andrea Silva
Bought by
Mcgahn Shannon
Seller's Agent
Adaline Neely
Washington Fine Properties, LLC
Buyer's Agent
Kellyann Dorfman
TTR Sotheby's International Realty
List Price
$2,485,000
Sold Price
$2,079,000
Premium/Discount to List
-$406,000
-16.34%
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
$788,627
Avg. Annual Appreciation
6.29%
Original Mortgage
$1,870,892
Interest Rate
3.75%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 22, 2015
Closed on
Dec 16, 2015
Sold by
Jerman Tom A and Becker Evelyn L
Bought by
Ridgway David Barrett and Ridgway Andrea Silva
Seller's Agent
Adaline Neely
Washington Fine Properties, LLC
Buyer's Agent
Kari Dainty
Washington Fine Properties, LLC
List Price
$2,595,000
Sold Price
$2,595,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.07%
Original Mortgage
$1,095,000
Interest Rate
2.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 21, 2007
Sold by
Jerman Tom A
Bought by
Jerman Tom A and Jerman Evelyn Becker
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,471,000
Interest Rate
6.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Feb 2, 2007
Sold by
Jerman Tom A
Bought by
Jerman Tom A and Jerman Evelyn Becker
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,471,000
Interest Rate
6.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jun 19, 1997
Sold by
S James M and S Frawley D
Bought by
Jerman Tom A and Poderick Lani
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcgahn Shannon | $2,079,000 | Paragon Title & Escrow Co | |
| Ridgway David Barrett | $2,595,000 | Fidelity Natl Title Ins Co | |
| Jerman Tom A | -- | -- | |
| Jerman Tom A | -- | -- | |
| Jerman Tom A | $975,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcgahn Shannon | $1,844,000 | |
| Closed | Mcgahn Shannon | $1,870,892 | |
| Previous Owner | Ridgway David Barrett | $1,095,000 | |
| Previous Owner | Jerman Tom A | $1,425,000 | |
| Previous Owner | Jerman Tom A | $100,000 | |
| Previous Owner | Jerman Tom A | $1,500,000 | |
| Previous Owner | Jerman Tom A | $1,471,000 | |
| Previous Owner | Jerman Tom A | $1,471,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2020 03/20/20 | Sold | $2,079,000 | -4.9% | $323 / Sq Ft |
| 02/10/2020 02/10/20 | Pending | -- | -- | -- |
| 12/02/2019 12/02/19 | Price Changed | $2,185,000 | -12.1% | $340 / Sq Ft |
| 11/04/2019 11/04/19 | For Sale | $2,485,000 | -4.2% | $387 / Sq Ft |
| 12/16/2015 12/16/15 | Sold | $2,595,000 | 0.0% | $390 / Sq Ft |
| 10/26/2015 10/26/15 | Pending | -- | -- | -- |
| 10/22/2015 10/22/15 | For Sale | $2,595,000 | -- | $390 / 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 |
|---|---|---|---|---|
| 2025 | $27,726 | $2,536,500 | $900,000 | $1,636,500 |
| 2024 | $27,726 | $2,345,900 | $0 | $0 |
| 2023 | $13,098 | $2,155,300 | $0 | $0 |
| 2022 | $21,635 | $1,964,700 | $900,000 | $1,064,700 |
| 2021 | $21,554 | $1,964,700 | $900,000 | $1,064,700 |
| 2020 | $21,528 | $1,964,700 | $900,000 | $1,064,700 |
| 2019 | $27,246 | $2,485,900 | $1,001,000 | $1,484,900 |
| 2018 | $25,939 | $2,363,833 | $0 | $0 |
| 2017 | $24,179 | $2,241,767 | $0 | $0 |
| 2016 | -- | $2,119,700 | $0 | $0 |
| 2015 | $18,825 | $2,011,733 | $0 | $0 |
| 2014 | $18,825 | $1,903,767 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2020
Anne Killeen
Washington Fine Properties
(301) 706-0067
84 in this area
167 Total Sales
-
Buyer's Agent in 2020
Kellyann Dorfman
TTR Sotheby's International Realty
(301) 717-4160
9 in this area
93 Total Sales
-
K
Seller Co-Listing Agent in 2015
Kari Dainty
Washington Fine Properties
Map
Source: Bright MLS
MLS Number: MDMC682422
APN: 10-01508738
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