NOT LISTED FOR SALE

8908 Iron Gate Ct Potomac, MD 20854

Estimated Value: $2,056,000 - $2,779,000

5 Beds
6 Baths
5,789 Sq Ft
$402/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $1,400,000 $242 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $13,885/month

115 Days on Market

Highlights

  • 2.01 Acre Lot
  • Open Floorplan
  • Tudor Architecture
  • Seven Locks Elementary School Rated A
  • Wood Flooring
  • 1 Fireplace

About This Home

As of August 2016

New price $100,000 lower! Sunlit contemporary floor plan.. Sited on 2ac.features circular driveway,2 story great room with stone fireplace, french doors to slate patio. formal dining rm. huge kitchen with granite counters. private master suite with 2 walk in closets. main level study with wet bar. Minutes to Village shops, restaurants, major commuter routes. 5 bed. 4 full baths 2 half baths.

Last Agent to Sell the Property

Anne Drechsler

(301) 980-6687 amdrechsler@ttrsir.com TTR Sotheby's International Realty Listed on: 03/19/2016

TTR Sotheby's International Realty

Last Buyer's Agent

Joe Faraji

(240) 274-2100 farajiteam@gmail.com Long & Foster Real Estate, Inc. License #518479

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,239

Year Built

  • Built in 1973

Lot Details

  • 2.01 Acre Lot
  • Property is zoned RE2

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Tudor Architecture

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • 1 Fireplace
  • Palladian Windows
  • French Doors
  • Great Room
  • Family Room
  • Living Room
  • Dining Area
  • Den
  • Game Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Connecting Stairway
  • Sump Pump
  • Basement Windows

Schools

  • Seven Locks Elementary School
  • Cabin John Middle School
  • Winston Churchill High School

Utilities

  • Zoned Heating and Cooling
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Camotop Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 161000863998

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,239

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Tudor
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1973
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Cooktop, Dishwasher, Disposal, Dryer, Icemaker, Oven - Double, Oven - Wall, Refrigerator, Washer, Water Heater
  • Interior Amenities: Kitchen - Island, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Primary Bath(s), Upgraded Countertops, Wet/Dry Bar, Wood Floors, Floor Plan - Open
  • Window Features: Palladian
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Game Room, Family Room, Study, Great Room, Laundry, Utility Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Sump Pump, Daylight, Partial, Partially Finished, Windows
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 2

Exterior Features

  • Construction Materials: Combination
  • Pool Private: No
  • 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, Paved Driveway, Attached
  • Garage Features: Garage Door Opener, Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Zoned
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • 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

  • Elementary School: SEVEN LOCKS
  • High School: WINSTON CHURCHILL
  • Middle Or Junior School: CABIN JOHN

Lot Info

  • Improvement Assessed Value: 740200.00
  • Land Assessed Value: 1001500.00
  • Lot Size Acres: 2.01
  • Lot Size Area: 87556
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87556.00
  • Property Attached Yn: No
  • Zoning: RE2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13980687
  • Tax Annual Amount: 19238.85
  • Assessor Parcel Number: 161000863998
  • Tax Lot: 13
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2021
Sold by
Torres Rosarelis and Rosarelis Torres Revocable Tru
Bought by
Fatemi Anthony A and The Anthony A Fatemi Revocable
Current Estimated Value
$2,326,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$971,000
Outstanding Balance
$883,538
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,442,532

Purchase Details

Closed on
Nov 11, 2020
Sold by
Fatemi Anthony and Torres Rosarelis
Bought by
Fatemi Anthony A and Anthony A Fatemi Revocable Tru

Purchase Details

Listed on
Mar 19, 2016
Closed on
Aug 31, 2016
Sold by
Zeger Ida and The Ida Zeger Family Trust
Bought by
Fatemi Anthony and Torres Rosalis
Seller's Agent
Anne Drechsler
TTR Sotheby's International Realty
Buyer's Agent
Joe Faraji
Long & Foster Real Estate, Inc.
List Price
$1,788,000
Sold Price
$1,400,000
Premium/Discount to List
-$388,000
-21.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$1,120,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2008
Sold by
Zeger Ida
Bought by
Zeger Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,650
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 2008
Sold by
Steiner Adam D
Bought by
Zeger Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,650
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2008
Sold by
Zeger Ida
Bought by
Zeger Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,650
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2006
Sold by
K&S Limited Partnership
Bought by
Steiner Adam D and Steiner Marci C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,825,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
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
Fatemi Anthony A -- Accommodation
Torres Rosarelis -- Accommodation
Fatemi Anthony A -- None Available
Fatemi Anthony $1,400,000 Fidelity Natl Title Ins Co
Zeger Ida -- --
Zeger Ida $1,600,000 --
Zeger Ida -- --
Zeger Ida $1,600,000 --
Steiner Adam D $1,825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Rosarelis $971,000
Closed Fatemi Anthony $1,120,000
Previous Owner Zeger Ida $740,650
Previous Owner Zeger Ida $740,650
Previous Owner Steiner Adam D $1,825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2016 08/31/16 Sold $1,400,000 -17.6% $242 / Sq Ft
07/12/2016 07/12/16 Pending -- -- --
05/17/2016 05/17/16 Price Changed $1,699,000 -5.0% $293 / Sq Ft
03/19/2016 03/19/16 For Sale $1,788,000 0.0% $309 / Sq Ft
01/24/2015 01/24/15 Rented $6,500 -3.0% --
01/16/2015 01/16/15 Under Contract -- -- --
08/26/2014 08/26/14 For Rent $6,700 -- --
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 $21,668 $1,864,700 $750,400 $1,114,300
2024 $21,668 $1,819,633 $0 $0
2023 $20,426 $1,774,567 $0 $0
2022 $19,040 $1,729,500 $750,400 $979,100
2021 $18,933 $1,729,500 $750,400 $979,100
2020 $18,933 $1,729,500 $750,400 $979,100
2019 $19,728 $1,741,400 $814,400 $927,000
2018 $18,603 $1,637,100 $814,400 $822,700
2017 $18,934 $1,637,100 $0 $0
2016 $17,246 $1,741,700 $0 $0
2015 $17,246 $1,689,033 $0 $0
2014 $17,246 $1,636,367 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002411521

Bright MLS

APN: 10-00863998