NOT LISTED FOR SALE

8902 Falls Farm Dr Potomac, MD 20854

Estimated Value: $1,434,000 - $1,658,000

5 Beds
3.5 Baths
3,777 Sq Ft
$414/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $1,040,000 $275 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $9,586/month

10 Days on Market

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Private Lot
  • Cold Spring Elementary School Rated A
  • Colonial Architecture
  • 2 Fireplaces

About This Home

As of August 2015

Fabulous brick colonial with a remodeled state of the art kitchen that opens up to a two story family room. Lower level was finished in 2012, extremely spacious...Beautifully landscaped and maintained. Easy access to Rockville, Bethesda and Potomac. No sign on property.

Last Agent to Sell the Property

Lori Leasure

(240) 498-1884 lori.leasure@wfp.com Washington Fine Properties, LLC License #0225243922 Listed on: 07/06/2015

Washington Fine Properties, LLC

Last Buyer's Agent

Sharon Lewin

(301) 453-6201 sharonprimetimerealtor@gmail.com Samson Properties License #618662

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,751

Year Built

  • Built in 1998

Lot Details

  • 0.25 Acre Lot
  • No Through Street
  • Private Lot
  • Cleared Lot
  • Property is zoned R200

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • 2 Fireplaces
  • Combination Kitchen and Living

Kitchen

  • Gourmet Kitchen
  • Built-In Self-Cleaning Oven
  • Six Burner Stove
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Rear Basement Entry

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Built by KETTLER
  • Potomac Outside Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 161003023680
  • $521 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,751

Year Built

Built in 1998

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2015-07-06
  • Year Built: 1998
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Microwave, Refrigerator, Six Burner Stove, Oven - Wall, Washer, Water Heater
  • Interior Amenities: Kitchen - Gourmet, Combination Kitchen/Living, Floor Plan - Open
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Rear Entrance, Outside Entrance, Full, Fully Finished, Heated, Improved
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Roof: Asphalt
  • 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: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 279.75
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 70.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School: COLD SPRING
  • High School: THOMAS S. WOOTTON
  • Middle Or Junior School: CABIN JOHN

Green Features

  • Green Verification: No

Lot Info

  • Lot Features: Cleared, No Thru Street, Private
  • Lot Size Acres: 0.25
  • Lot Size Area: 10850
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10850.00
  • Property Attached Yn: No
  • Zoning: R200

Building Info

  • Builder Name: KETTLER

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 10751.48
  • Assessor Parcel Number: 161003023680
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Multi Family

  • Front Foot Fee: 521.36

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2015
Closed on
Aug 28, 2015
Sold by
Motazedi Ehsan and Motazedi Mina Sharifian
Bought by
Rosenbaum Andrew and Rosenbaum Hye Jong Woo
Seller's Agent
Lori Leasure
Washington Fine Properties, LLC
Buyer's Agent
Sharon Lewin
Samson Properties
List Price
$1,039,000
Sold Price
$1,040,000
Premium/Discount to List
$1,000
0.1%
Current Estimated Value
$1,563,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,088
Avg. Annual Appreciation
4.06%
Original Mortgage
$690,000
Outstanding Balance
$543,793
Interest Rate
4.01%
Mortgage Type
New Conventional
Estimated Equity
$1,019,295

Purchase Details

Closed on
Aug 23, 2004
Sold by
Ho Weixiong
Bought by
Motazedi Ehsan and Mina Sharifian

Purchase Details

Closed on
Jan 4, 1999
Sold by
Kettler Brothers Inc
Bought by
Ho Weixiong
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rosenbaum Andrew $1,040,000 Home First Title Group Llc
Motazedi Ehsan $828,750 --
Ho Weixiong $379,560 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenbaum Andrew $690,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $1,040,000 +0.1% $275 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $1,039,000 -- $275 / 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 $15,437 $1,427,500 $425,100 $1,002,400
2024 $15,437 $1,288,200 $0 $0
2023 $12,683 $1,148,900 $0 $0
2022 $8,137 $1,009,600 $425,100 $584,500
2021 $10,801 $999,367 $0 $0
2020 $9,387 $989,133 $0 $0
2019 $8,662 $978,900 $425,100 $553,800
2018 $9,529 $947,933 $0 $0
2017 $8,701 $916,967 $0 $0
2016 -- $886,000 $0 $0
2015 $9,585 $883,267 $0 $0
2014 $9,585 $880,533 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002348205

Bright MLS

APN: 10-03023680