See Home Value
Potomac 20854 Potomac
10240 DEMOCRACY BLVD
$2,300,000
House - Off Market

10240 DEMOCRACY BLVD

POTOMAC, MD 20854
bedrooms
6 Beds
bathrooms
14 Baths, 9 Half Baths
square feet
7160 Sqft
$12,275
Estimated Monthly
$0
HOA / Fees

About This Property

Back on the market contract fell through !!This Breath taking luxury Castle sits on 2 Acres in the prestigious Potomac neighborhood. Family and guests enter into the mansion in the circular driveway and private gated entrance.. It has an elegant features and amenities throughout. It features 6 BR/5FBA, 2HBA, 3FP, 4 car garage., indoor pool, private gym , gazebo , separate playground/gym , 9ft + cathedral ceilings, oversized windows, a gorgeous great room, study room, media room sunroom with lots of light beaming throughout , 2 separate dining rooms beautiful kitchen, separate breakfast room, main level in law Master suite , stunning bathroom. The exquisite d in this designs make this mansion spectacular for entertaining your guests. The backyard is a picturesque oasis which backs up to lovely open woods, beautiful outdoor patio swimming pool with cabana, stone fountain. This Castle is a custom contemporary built, with massive elegant features amenties thoughout THIS IS A MUST SEE!!!      PROPERTY SOLD AS IS.
Unit Size
7,160Ft²
Days on Market
103 days
Land Size
2.00 acres
Price per sqft
$349
Property Type
House
Property Taxes
$1,932
HOA Dues
-
Year Built
1986
Last updated: 2 months ago (Bright MLS #MDMC2115448)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold $2,300,000
Sold
Mar 22, 2024 In contract -
In contract
Mar 19, 2024 In contract -
In contract
Jan 19, 2024 Relisted $2,499,900
Relisted
Jan 8, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: D-
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,900
  • Garage Type: Built-in
  • Garage Square Area: 1,200
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 7,160
  • Gross Building Area: 7,160
  • Building Area: 7,160
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 9,060
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMOTOP
  • Land Acres: 2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAMOTOP

Ownership

  • Current Owner : ASIEGBUNAM EJIKE
  • Previous Owner : CHAMPALOUX BARBARA
  • Previous Owner 2: CHAMPALOUX GERARD P
  • Owner Before Previous Owner: CHAMPALOUX GERALD
  • Owner Before Previous Owner 2: CHAMPALOUX B
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 706005

Zoning

  • Zoning: RE2

Geography

  • Assessors Map Reference: FP53
  • Account Number: 02449827
  • District: 10
  • Parcel: 10-02449827
  • Block: A
  • Lot: 26
  • Latitude: 39.0239
  • Longitude: -77.1918

    Address

  • Full Address: 10240 Democracy Blvd
  • Address - House Number: 10240
  • Address - Street Name: Democracy
  • Address - Suffix Type: Blvd
  • State: MD
  • City Name: Potomac
  • Carrier Code: C041
  • 4-Digit Zip Code: 4438
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,357

    Appraisal Valuation

  • Standard Deviation: 0.0683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 2,781,641
  • High Value: 2,971,818
  • Low Value: 2,591,464

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,170,000
  • First Open Lien Mortgage Lender: GREENBOX LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 01, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,170,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049

    Market Valuation

  • Market Total Value: $2,330,200
  • Market Land Value: $750,000
  • Market Improvement Value: $1,580,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,953,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2019
  • Current Sale Recording Date: Aug 01, 2019
  • Current Sale Transaction ID: 11634323096
  • Current Sale Price: $1,800,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Feb 28, 2001
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENBOX LOANS INC
  • First Mortgage Transaction Date: Aug 01, 2019
  • First Mortgage Loan Amount: $1,170,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
8 Beds
9 Baths
8,100 ft²
$332/ft²
$2,690,000 Feb 21, 2024
-
$900/mo

About Potomac


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Frequently Asked Questions

When was property at 10240 Democracy Blv built and last sold?
The property at 10240 Democracy Blv was built in 1986 and last sold on Jun 24, 2019 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 10240 Democracy Blv is $2,524,899.
What are some comparable homes to 10240 Democracy Blv?
There are currently no comparable homes to 10240 Democracy Blv.

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