Seller's Agent in 2024
Adam Bashein
Remax Realty Group
(301) 943-4370
5 in this area
70 Total Sales
Estimated Value: $422,421 - $436,000
3
Beds
3
Baths
1,260
Sq Ft
$340/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Colonial Architecture
- Wooded Lot
- Olney Elementary School Rated A
- Recreation Room
- Traditional Floor Plan
About This Home
As of October 2024Charming Colonial-style townhouse with lots of potential nestled in the heart of Olney, MD in Cherrywood. Properties in this community rarely come up and sell quickly, so make sure to schedule a tour as soon as possible. This is an unbelievable opportunity for a first- time home buyers. Shows well and great value. Well priced! The home is being sold as is. Cul-de-sac feel and parklike setting! 3 bedrooms upstairs. Main level features family room, powder room and Light, airy kitchen. The daylight walkout lower level boasts comfortable living space, the laundry room. The powder room is situated by the storage space, making it easy to add a shower/tub if you wish. Enjoy the outdoors and picturesque setting; no houses built behind you. It is an urban oasis in the suburbs. The floor plans are from Truplace and are intended to give you an idea of the layout of each floor and the dimensions aren't guaranteed. The assigned parking space for the home and the abundance of unassigned guest spots in the community ensures convenience and makes it easy for you to entertain guests. Take care of most of your shopping needs at nearby Olney Village Center. Nearby parks include Cherrywood Park, Olney Manor Park and Southeast Olney Park. Check out the Olney Farmers and Artists Market. Minutes to Downtown Olney. Close to Olney Theatre Center. Cheers: close to Lone Oak Farm Brewing Company! Tremendous location if you work at Medstar Montgomery Medical Center, Sandy Spring Bank and Special Dimensions. Convenient to houses of worship. Great commuter home – remarkably close to ICC/200. Short drives down Georgia Ave to the Red line Glenmont Metro Station and on the ICC to the Red line Shady Grove Metro Station. Don’t miss this grand opportunity to buy an affordable, well priced home with a serene setting and many conveniences.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,482
Year Built
- Built in 1985
Lot Details
- 1,742 Sq Ft Lot
- Wooded Lot
- Backs to Trees or Woods
- Property is in good condition
HOA Fees
- $124 Monthly HOA Fees
Home Design
- Colonial Architecture
- Aluminum Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,260 Sq Ft Home
- Property has 3 Levels
- Traditional Floor Plan
- Living Room
- Dining Room
- Recreation Room
- Views of Woods
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
Laundry
- Laundry Room
- Dryer
- Washer
Improved Basement
- Heated Basement
- Walk-Out Basement
- Connecting Stairway
- Interior and Exterior Basement Entry
- Laundry in Basement
- Basement with some natural light
Parking
- 1 Open Parking Space
- 1 Parking Space
- On-Street Parking
- Parking Lot
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 160802550857
Community Details
Overview
- Association fees include trash, snow removal, lawn maintenance, common area maintenance
- Cherrywood Subdivision
- Property Manager
Amenities
- Common Area
Recreation
- Jogging Path
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2024
Closed on
Oct 9, 2024
Sold by
Fraser-Leigh Arthur
Bought by
Yang Sophie Shuo-Fei
Seller's Agent
Adam Bashein
RE/MAX Realty Group
Buyer's Agent
Peter Boscas
Red Cedar Real Estate, LLC
List Price
$415,000
Sold Price
$427,000
Premium/Discount to List
$12,000
2.89%
Total Days on Market
4
Views
35
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
$1,605
Avg. Annual Appreciation
-0.51%
Original Mortgage
$298,900
Outstanding Balance
$297,778
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$128,040
Purchase Details
Closed on
Mar 17, 1995
Sold by
Muir David K
Bought by
Fraser Leigh Arthur
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
8.89%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Yang Sophie Shuo-Fei | $427,000 | First American Title | |
| Fraser Leigh Arthur | $126,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Yang Sophie Shuo-Fei | $298,900 | |
| Previous Owner | Fraser Leigh Arthur | $97,100 | |
| Previous Owner | Fraser Leigh Arthur | $100,000 | |
| Previous Owner | Fraser Leigh Arthur | $25,000 | |
| Previous Owner | Fraser Leigh Arthur | $119,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | Sold | $427,000 | +2.9% | $339 / Sq Ft |
| 09/13/2024 09/13/24 | For Sale | $415,000 | -- | $329 / 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 |
|---|---|---|---|---|
| 2024 | $4,482 | $355,000 | $0 | $0 |
| 2023 | $3,597 | $340,000 | $0 | $0 |
| 2022 | $2,620 | $325,000 | $97,500 | $227,500 |
| 2021 | $3,078 | $313,333 | $0 | $0 |
| 2020 | $2,926 | $301,667 | $0 | $0 |
| 2019 | $5,568 | $290,000 | $87,000 | $203,000 |
| 2018 | $2,671 | $280,000 | $0 | $0 |
| 2017 | $2,563 | $270,000 | $0 | $0 |
| 2016 | -- | $260,000 | $0 | $0 |
| 2015 | $2,136 | $253,333 | $0 | $0 |
| 2014 | $2,136 | $246,667 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Bashein
-
Peter Boscas
Buyer's Agent in 2024
Peter Boscas
Red Cedar Real Estate, LLC
(410) 952-5726
2 in this area
216 Total Sales
Map
Similar Homes in Olney, MD
Source: Bright MLS
MLS Number: MDMC2147826
APN: 08-02550857
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