NOT LISTED FOR SALE

8931 Falls Farm Dr Potomac, MD 20854

Estimated Value: $1,313,000 - $1,468,000

5 Beds
3.5 Baths
4,257 Sq Ft
$320/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $1,025,000 $241 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,133/month

Highlights

  • Eat-In Gourmet Kitchen
  • Curved or Spiral Staircase
  • Deck
  • Cold Spring Elementary School Rated A
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of August 2022

LARGE, QUIET and LUXURIOUS -- Its elegance and grandeur puts this property in a category of luxury all on its own. The open floor plan seamlessly blends indoor and outdoor living with each room allowing guests to capture breathtaking views of the grounds. Grand 2-Story Foyer, a Den, Sun room, Gourmet Kitchen w/ Family Rm, Elegant Master Suite w/ His-Her Closets. Entertaining Walk Out Basement with Rec Room, Gym + ++NEW PIX ATTACHED!!!!

Last Agent to Rent the Property

David Goldberg

(301) 233-6501 dave@goldberggrouppm.com Goldberg Group Real Estate License #587018 Listed on: 07/12/2022

Co-Listed By

Sam Fishman

(240) 888-7732 sfishman8812@gmail.com Goldberg Group Real Estate

Last Renter's Agent

Susan Rao

(202) 316-7600 susanraorealtor@gmail.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,567

Year Built

  • Built in 1997 | Remodeled in 2020

Lot Details

  • 0.39 Acre Lot
  • Property is in excellent condition
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Bump-Outs
  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Curved or Spiral Staircase
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • 1 Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Double Hung Windows
  • Formal Dining Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Down Draft Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Rear Basement Entry
  • Basement Windows

Outdoor Features

  • Deck
  • Playground

Schools

  • Thomas S. Wootton High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Falls Farm Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $5,500
  • Tenant pays for gutter cleaning, insurance, lawn/tree/shrub care, light bulbs/filters/fuses/alarm care, pest control, snow removal, trash removal, all utilities
  • The owner pays for management
  • 24-Month Min and 36-Month Max Lease Term
  • Available 7/22/22
  • $45 Application Fee
  • Assessor Parcel Number 160403023441

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,567

Year Built

Built in 1997 | Remodeled in 2020

Lot Details

0

Parking

2

Rental Info

  • Date Available: 2022-07-22
  • Application Fee: 45.00
  • Owner Pays: Management
  • Pets Allowed: No
  • Security Deposit: 5500.00
  • Tenant Pays: Gutter Cleaning, Insurance, Lawn/Tree/Shrub Care, Light Bulbs/Filters/Fuses/Alarm Care, Pest Control, Snow Removal, Trash Removal, Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 36
  • Min Lease in Months: 24
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Colonial
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1997
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Oven - Double, Washer
  • Flooring Type: Ceramic Tile, Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Crown Moldings, Curved Staircase, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung, Double Pane, Energy Efficient, Energy Star Qualified
  • Fireplaces Count: 1
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Cathedral Ceilings, Dry Wall, Tray Ceilings, Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full, Daylight, Partial, Full, Fully Finished, Heated, Improved, Outside Entrance, Poured Concrete, Rear Entrance, Walkout Level, Windows
  • Total Sq Ft: 4594
  • Living Area Sq Ft: 4257
  • Price Per Sq Ft: 1.66
  • Above Grade Finished Sq Ft: 3246
  • Below Grade Finished Sq Ft: 1011
  • Below Grade Sq Ft: 337
  • Total Below Grade Sq Ft: 1348
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Bump-Outs, Play Area
  • 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
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: THOMAS S. WOOTTON

Lot Info

  • Horses: No
  • Lot Size Acres: 0.39
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16848.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: R200

Tax Info

  • Assessor Parcel Number: 13834269
  • Assessor Parcel Number: 160403023441

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Aug 27, 2018
Sold by
Ashcraft Joseph M and Ashcraft Cathy A
Bought by
Waller Robert P and Waller Staci L
Seller's Agent
Amal Lafhal
LuxHouse International Real Estate
Buyer's Agent
Sharon LaRowe
Long & Foster Real Estate, Inc.
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%
Current Estimated Value
$1,361,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,509
Avg. Annual Appreciation
3.98%
Original Mortgage
$680,000
Outstanding Balance
$593,054
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$768,455

Purchase Details

Closed on
Feb 9, 2007
Sold by
Kavadias Jerry C
Bought by
Ashcraft Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2006
Sold by
Kavadias Jerry C
Bought by
Ashcraft Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 1998
Sold by
Kettler Brothers Inc
Bought by
S Jerry C and S Kavadias T
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
Waller Robert P $1,025,000 Rgs Title Llc
Ashcraft Joseph M $940,000 --
Ashcraft Joseph M $940,000 --
S Jerry C $376,995 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waller Robert P $680,000
Previous Owner Ashcraft Joseph M $417,000
Previous Owner Ashcraft Joseph M $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2022 08/18/22 Rented $5,400 0.0% --
08/12/2022 08/12/22 Price Changed $5,400 -1.8% $1 / Sq Ft
07/12/2022 07/12/22 For Rent $5,500 0.0% --
08/27/2018 08/27/18 Sold $1,025,000 -2.4% $211 / Sq Ft View Prior Sale
08/04/2018 08/04/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $1,050,000 -- $216 / 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 $11,567 $1,020,367 -- --
2024 $11,567 $952,033 $0 $0
2023 $10,761 $883,700 $406,600 $477,100
2022 $9,529 $877,800 $0 $0
2021 $9,396 $871,900 $0 $0
2020 $18,598 $866,000 $406,600 $459,400
2019 $9,270 $866,000 $406,600 $459,400
2018 $9,810 $866,000 $406,600 $459,400
2017 $9,835 $894,400 $0 $0
2016 $8,494 $835,333 $0 $0
2015 $8,494 $776,267 $0 $0
2014 $8,494 $717,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2060904

Bright MLS

APN: 04-03023441