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11021 Cedarwood Drive

11021 Cedarwood Drive, Rockville, MD 20852
Property in North Bethesda
Sold Aug 18, 2021
$750,000
$600,000 by Fairway Asset Corp
Mortgage Due Aug 01, 2051
Sold Aug 28, 1991
$250,000
11021 Cedarwood Drive has been categorized by the local assessors in Rockville, MD as a residential type of property. The building on the property was first built in 1987 and is 37 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 11021 Cedarwood Drive has 2,148 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 240 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 2,084 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 11021 Cedarwood Drive sold most recently in Jul 29, 2021 for a total of $750,000. If you work out the math, that's approximately a cost of $429.06 per sqft. Before that, the property was also sold for $250,000 in Aug 28, 1991. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,426 in taxes each year. The initial year of tax delinquency occurred in 2020. 11021 Cedarwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $673,267. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Townhouse
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 240
  • Garage Type: Underground/basement
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,084
  • Total Building Area: 1,748
  • Gross Building Area: 1,748
  • Building Area: 1,748
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,148
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TIMBERLAWN
  • Land Acres: 0.048
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: TIMBERLAWN

Ownership

  • Current Owner : WANG LEI
  • Current Owner 2: YANG FENG
  • Previous Owner : CHATLIN SHIRLEY F
  • Previous Owner 2: CHATLIN GERALD M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701222

Zoning

  • Zoning: PD9

Geography

  • Assessors Map Reference: GQ61
  • Account Number: 02619713
  • District: 04
  • Parcel: 04-02619713
  • Block: E
  • Lot: 83
  • Latitude: 39.0346
  • Longitude: -77.1238

    Address

  • Full Address: 11021 Cedarwood Dr
  • Address - House Number: 11021
  • Address - Street Name: Cedarwood
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Rockville
  • Carrier Code: C063
  • 4-Digit Zip Code: 3457
  • Zip Code: 20852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,426
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1498
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 833,192
  • High Value: 958,041
  • Low Value: 708,343

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: FAIRWAY ASSET CORP
  • First Open Lien Mortgage Recording Date: Aug 18, 2021
  • First Open Lien Mortgage Loan Amount: $600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $704,900
  • Market Land Value: $381,100
  • Market Improvement Value: $323,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $673,267

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Transaction ID: 11850338062
  • Current Sale Price: $750,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 28, 1991
  • Previous Sale Contract Date: Aug 28, 1991
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY ASSET CORP
  • First Mortgage Transaction Date: Aug 18, 2021
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Frequently Asked Questions

What neighborhood is 11021 Cedarwood Drive located in?
The 11021 Cedarwood Drive is a located in the neighborhood of North Bethesda in North Bethesda, Rockville.
What is the average sales price for listings in 11021 Cedarwood Drive?
The average sales price for units in 11021 Cedarwood Drive is $0 currently.

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