Seller's Agent in 2024
Cheryl Leahy
Compass
(301) 370-2484
8 in this area
165 Total Sales
8723 Persimmon Tree Rd Potomac, MD 20854
Estimated Value: $3,929,878 - $4,509,000
7
Beds
7.5
Baths
8,971
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- Private Pool
- 2.01 Acre Lot
- Marble Flooring
- Carderock Springs Elementary School Rated A
- Recreation Room
- Georgian Architecture
About This Home
As of July 2024BUYER IS A LICENSED BROKER AND WAIVED THE 2.5% CO-OP IN EXCHANGE FOR A CREDIT TOWARD THE SALES PRICE, MAKING THE EFFECTIVE PRICE $4.46M. Set back from the road on 2.01 pristine acres in the prestigious Potomac enclave of Bradley Farms, this recently renovated and reimagined luxury home is a seamless blend of traditional architecture and modern, European design. This property is the pinnacle of Potomac living, featuring a main home with six bedrooms, six bathrooms, and one half bath, tennis court, pool, pool house with wet bar, an additional full bathroom as well as a living space or seventh bedroom. In the main home, an impressive front porch with two story columns leads to a custom steel and glass double front door by the French Steel Company. A grand foyer with checkered marble floor is flanked by embassy sized formal living and dining rooms each with fireplaces, built-in cabinets, detailed moldings, and custom plaster details.Through the dining room is a meticulously designed kitchen with the finest custom finishes and cabinetry. The most noteworthy kitchen details include a 15‘ oak island, a dual-fuel Lacanche range with two ovens, Wolf wall oven, separate Sub-Zero refrigerator and freezer, two dishwashers, a breakfast nook, and two massive french doors leading to the Ipe deck. Adjacent to the kitchen is an oversized, multi-purpose mudroom that also functions as a home command center, secondary kitchen staging area, as well as a laundry room and includes access to the three car garage. On the other side of the kitchen a rear gallery with wine and beverage bar opens to a sunken family room with paneled walls, stone surround fireplace, and herringbone wood floors. The rear gallery leads to a stunning paneled library with a fireplace and soaring ceilings. A formal powder room with floating marble vanity featuring an inlay marble sink and wall mounted Waterworks fixtures rounds out the main level. On the upper level, a landing with a detailed built-in bench welcomes you to the primary suite foyer. Off the primary foyer is a spacious bedroom with a seating area, fireplace, and custom vaulted ceiling feature. Back through the primary vestibule is a hall with three closets leading to the primary bathroom. The primary bathroom features radiant heat marble floors with marble inlay rug, white oak vanities, frosted glass surround water closet, and all Waterworks plumbing fixtures including a cast iron floating tub with skylight above. Four additional bedrooms, two with a shared bathroom and two with a dedicated bathroom (one en-suite) complete the upper level. The walk-out lower level features a checkered marble foyer, wine cellar, media room, second kitchen, living space with fireplace, full bedroom suite with marble bathroom and walk-in closet, an expansive gym, additional full bathroom, and a patio. The private, flat rear yard includes an in-ground pool, pergola, tennis court with professional grade basketball hoop, and a pool house. This impressive property is located just minutes from Potomac Village, Congressional Country Club, and I-495. Whitman School Cluster!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,373
Year Built
- Built in 1988 | Remodeled in 2022
Lot Details
- 2.01 Acre Lot
- Property is in excellent condition
- Property is zoned RE2
Parking
- 3 Car Direct Access Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Georgian Architecture
- Brick Exterior Construction
- Block Foundation
- Wood Walls
Interior Spaces
- Property has 3 Levels
- Paneling
- Ceiling height of 9 feet or more
- 7 Fireplaces
- Mud Room
- Entrance Foyer
- Family Room
- Sitting Room
- Living Room
- Dining Room
- Library
- Recreation Room
- Bonus Room
- Storage Room
- Utility Room
- Home Gym
Flooring
- Wood
- Marble
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Finished Basement
- Walk-Out Basement
- Interior and Exterior Basement Entry
Pool
- Private Pool
Schools
- Carderock Springs Elementary School
- Thomas W. Pyle Middle School
- Walt Whitman High School
Utilities
- Zoned Heating and Cooling
- Air Source Heat Pump
- Well
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
- Bradley Farms Subdivision
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 161000866627
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
Jul 16, 2024
Sold by
Gilmore Peter A and Gaddis Gregory
Bought by
Sowers Tucker and Sowers Alison
Seller's Agent
Cheryl Leahy
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$4,895,000
Sold Price
$4,350,000
Premium/Discount to List
-$545,000
-11.13%
Total Days on Market
66
Views
293
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
-$220,374
Avg. Annual Appreciation
-6.45%
Purchase Details
Closed on
Aug 14, 2023
Sold by
Gilmore Peter A
Bought by
Gilmore Peter A and Gaddis Gregory
Purchase Details
Listed on
Aug 20, 2020
Closed on
Nov 5, 2020
Sold by
Sparks Elisabeth B and Sparks Elisabeth B
Bought by
Gilmore Peter A
Seller's Agent
Eric Stewart
Long & Foster Real Estate, Inc.
Buyer's Agent
Coley Reed
Long & Foster Real Estate, Inc.
List Price
$2,375,000
Sold Price
$2,300,000
Premium/Discount to List
-$75,000
-3.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.09%
Original Mortgage
$1,840,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 11, 2007
Sold by
Hendricks John S
Bought by
Sparks Elisabeth B Tr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2007
Sold by
Hendricks John S
Bought by
Sparks Elisabeth B Tr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.48%
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 |
|---|---|---|---|
| Sowers Tucker | $4,350,000 | Commonwealth Land Title | |
| Gilmore Peter A | -- | Paragon Title | |
| Gilmore Peter A | $2,300,000 | Paragon Title & Escrow Co | |
| Sparks Elisabeth B Tr | $3,525,000 | -- | |
| Sparks Elisabeth B Tr | $3,525,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gilmore Peter A | $350,000 | |
| Previous Owner | Gilmore Peter A | $2,544,000 | |
| Previous Owner | Gilmore Peter A | $1,840,000 | |
| Previous Owner | Sparks Elisabeth B | $880,000 | |
| Previous Owner | Sparks Elisabeth B | $880,000 | |
| Previous Owner | Sparks Elisabeth B Tr | $1,000,000 | |
| Previous Owner | Sparks Elisabeth B Tr | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2024 07/16/24 | Sold | $4,350,000 | -4.4% | $485 / Sq Ft |
| 06/15/2024 06/15/24 | Pending | -- | -- | -- |
| 06/11/2024 06/11/24 | Price Changed | $4,550,000 | -7.0% | $507 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $4,895,000 | 0.0% | $546 / Sq Ft |
| 04/25/2024 04/25/24 | Off Market | $4,895,000 | -- | -- |
| 04/10/2024 04/10/24 | For Sale | $4,895,000 | +112.8% | $546 / Sq Ft |
| 11/16/2020 11/16/20 | Sold | $2,300,000 | -3.2% | $252 / Sq Ft |
| 09/17/2020 09/17/20 | Pending | -- | -- | -- |
| 08/20/2020 08/20/20 | For Sale | $2,375,000 | 0.0% | $260 / Sq Ft |
| 07/27/2016 07/27/16 | Rented | $9,500 | -26.9% | -- |
| 07/27/2016 07/27/16 | Under Contract | -- | -- | -- |
| 06/27/2016 06/27/16 | For Rent | $13,000 | -- | -- |
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 | $37,339 | $3,175,700 | $0 | $0 |
| 2023 | $34,373 | $2,859,700 | $0 | $0 |
| 2022 | $28,084 | $2,543,700 | $1,210,600 | $1,333,100 |
| 2021 | $27,998 | $2,543,700 | $1,210,600 | $1,333,100 |
| 2020 | $57,336 | $2,543,700 | $1,210,600 | $1,333,100 |
| 2019 | $30,284 | $2,693,200 | $1,210,600 | $1,482,600 |
| 2018 | $30,330 | $2,693,200 | $1,210,600 | $1,482,600 |
| 2017 | $37,497 | $2,693,200 | $0 | $0 |
| 2016 | $30,713 | $3,212,200 | $0 | $0 |
| 2015 | $30,713 | $3,008,133 | $0 | $0 |
| 2014 | $30,713 | $2,804,067 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Leahy
-
Gregory Gaddis
Seller Co-Listing Agent in 2024
Gregory Gaddis
Compass
(240) 704-2445
3 in this area
9 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
Eric Stewart
Seller's Agent in 2020
Eric Stewart
Long & Foster
(301) 252-1697
120 in this area
488 Total Sales
-
Coley Reed
Buyer's Agent in 2020
Coley Reed
Long & Foster
(301) 674-2829
17 in this area
575 Total Sales
-
Wendy Banner
Seller's Agent in 2016
Wendy Banner
Long & Foster
(301) 365-9090
110 in this area
553 Total Sales
Map
Similar Homes in the area
Source: Bright MLS
MLS Number: MDMC2127350
APN: 10-00866627
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