$374,990
$399K PRICE DROP

0 Brooke Farm Dr Olney, MD 20832

Estimated payment $2,697/month

Total Views 111,394
1.5 Acres
$249,993 Price per Acre
65,340 Sq Ft Lot

Highlights

  • Home fronts a creek
  • Water Oriented
  • 1.5 Acre Lot
  • Brooke Grove Elementary School Rated A
  • View of Trees or Woods
  • Stream or River on Lot

About This Lot

DRASTICALLY REDUCED! THE LISTING PRICE OF $374,990.00 IS $254,210.00 BELOW THE COUNTY TAX ASSESSED VALUE OF $629,200.00! This is your rare opportunity to own a piece of prime real estate in the heart of Olney WAY BELOW MARKET VALUE! This Deeded parcel is 1.5 acres located directly adjacent to Medstar Montgomery Medical Center, previously known as Montgomery General Hospital. A small stream that is part of James Creek runs through the bottom of the property near Brooke Farm Dr., but it is NOT located in a Federal Flood Zone. FEMA Zone Rating is X. The property connects to both Brooke Farm Dr. and Tall Timbers Rd. Public utilities are available at the street level but are not connected to the property. The parcel is being conveyed As-Is. Buyer is advised to verify available public utilities or questions related to developing with Montgomery County Planning Department for M-NCPPC. Thank you for your consideration.

Listing Agent

Kevin Mahoney

RE/MAX Realty Centre, Inc. License #635751

RE/MAX Realty Centre, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,250

Lot Details

  • 1.5 Acre Lot
  • Home fronts a creek
  • Creek or Stream
  • Wooded Lot
  • Subdivision Possible
  • No Building Permits
  • Property is zoned R200

Property Views

  • Woods
  • Creek or Stream

Schools

  • Brooke Grove Elementary School
  • William H. Farquhar Middle School
  • Sherwood High School

Utilities

  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 160800723255

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Oriented
  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$7,250

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Timber, Vacant, Land/Lot Only
  • Historic: No
  • Federal Flood Zone: No
  • Remarks Public: DRASTICALLY REDUCED! THE LISTING PRICE OF $374,990.00 IS $254,210.00 BELOW THE COUNTY TAX ASSESSED VALUE OF $629,200.00! This is your rare opportunity to own a piece of prime real estate in the heart of Olney WAY BELOW MARKET VALUE! This Deeded parcel is 1.5 acres located directly adjacent to Medstar Montgomery Medical Center, previously known as Montgomery General Hospital. A small stream that is part of James Creek runs through the bottom of the property near Brooke Farm Dr., but it is NOT located in a Federal Flood Zone. FEMA Zone Rating is X. The property connects to both Brooke Farm Dr. and Tall Timbers Rd. Public utilities are available at the street level but are not connected to the property. The parcel is being conveyed As-Is. Buyer is advised to verify available public utilities or questions related to developing with Montgomery County Planning Department for M-NCPPC. Thank you for your consideration.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 5.74

Exterior Features

  • Construction Completed: No
  • View: Creek/Stream, Trees/Woods
  • Water Access: No
  • Water Body Name: James Creek
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available

Condo/Co-op/Association

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

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BROOKE GROVE
  • Middle School: WILLIAM H. FARQUHAR
  • High School: SHERWOOD
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: BROOKE GROVE
  • High School: SHERWOOD
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: R
  • Lot Features: Road Frontage, Stream/Creek, Subdivision Possible, Trees/Wooded
  • Lot Size Acres: 1.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 65340.00
  • Year Assessed: 2023
  • Zoning: R200
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7250.00
  • Assessor Parcel Number: 160800723255
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Price Changed $374,990 -16.7% --
05/16/2023 05/16/23 Price Changed $449,990 -21.6% --
03/20/2023 03/20/23 Price Changed $573,800 -25.8% --
10/29/2022 10/29/22 For Sale $773,800 -- --
Source: Bright MLS

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See All Homes in Olney

Source: Bright MLS

MLS Number: MDMC2073622

Bright MLS

Maryland Montgomery County Olney 20832

0 Brooke Farm Dr, Olney, MD

Homes for Sale in Olney, MD

This home is located at 0 Brooke Farm Dr, Olney, MD 20832 and is currently priced at $374,990. 0 Brooke Farm Dr is a home located in Montgomery County with nearby schools including Brooke Grove Elementary School, William H. Farquhar Middle School, and Sherwood High School.

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Kevin Mahoney
Listing Agent
Kevin Mahoney
Section Image
RE/MAX Realty Centre, Inc.