See Home Value
$1,150,000
● House - Off Market

1427 FALLSMEAD WAY

POTOMAC, MD 20854
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,680 Ft²
$7,169
Est. Monthly
$1,350
HOA / Fees
2.43%
Cap Rate

About This Property

Open House Sunday March 3 from 2-4PM ......NEW PRICE........Located in the highly sought-after Fallsmead community, 1427 Fallsmead Way offers the ultimate in suburban living.  This incredible brick front colonial home features 4 bedrooms and 2.5 baths, as well as a 2-car garage. Real wood floors grace the upper two levels, adding timeless charm and elegance.  The main level offers generously sized rooms including separate Living and Dining Rooms perfect for entertaining, an extended family room with lots of windows added to enjoy the picturesque backyard views and a cozy gas fireplace to curl up next to on a cold night.  French doors effortlessly connect the family room to the sunroom, creating a seamless indoor-outdoor flow. Stepping into the large 4-season sunroom with its stone flooring (below the current vinyl flooring), providing a tranquil retreat and beautiful views of the owner inspired landscaped backyard that seamlessly merges with parkland.  The kitchen has been tastefully remodeled with solid cherry cabinets, quartz countertops and tile flooring, adding a touch of sophistication to the heart of the home. Additionally, all three bathrooms have been meticulously redone, offering a blend of modern elegance and functionality.  The finished basement includes a spacious finished room, a utility room and ample storage space, enhancing the home's functionality. Outside, a premium fenced level lot creates a private oasis. Community amenities include a 17-acre park with walking trails, playgrounds, tennis courts, and an inviting outdoor pool set around a serene lake.  Enjoy the convenience of being close to downtown Rockville, multiple metro stops, Park Potomac, and Pike and Rose shopping and restaurants, with easy access to I-270 and 495.  Close proximity to all 3 schools  - Fallsmead ES, Frost MS, and Wootton HS.  Indulge in a lifestyle with friendly neighbors, comfort, and natural beauty at 1427 Fallsmead Way.
Unit Size
2,680 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$442
Property Type
House
Property Taxes
$848
HOA Dues
$1,350
Year Built
1971

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Bright MLS #MDMC2120282)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Sold
Mar 6, 2024 In contract -
In contract
Mar 3, 2024 Price Decreased $1,185,000
↓ $65K (5.2%)
Price Decreased
Feb 24, 2024 Listed by Compass $1,250,000
Listed by Compass

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,005
  • Total Building Area: 2,280
  • Gross Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FALLSMEAD
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: FALLSMEAD

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701006

Zoning

  • Zoning: R150

Geography

  • Assessors Map Reference: GR11
  • Account Number: 00243276
  • District: 04
  • Parcel: 04-00243276
  • Block: J
  • Lot: 2
  • Municipality: ROCKVILLE
  • Latitude: 39.073
  • Longitude: -77.1771

    Address

  • Full Address: 1427 Fallsmead Way
  • Address - House Number: 1427
  • Address - Street Name: Fallsmead
  • Address - Suffix Type: Way
  • State: MD
  • City Name: Potomac
  • Carrier Code: C040
  • 4-Digit Zip Code: 5549
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $948,280
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 987,485
  • High Value: 1,129,013
  • Low Value: 845,956

    Market Valuation

  • Market Total Value: $716,900
  • Market Land Value: $395,700
  • Market Improvement Value: $321,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $716,900
  • Assessed Land Value: $395,700
  • Assessed Improvements Value: $321,200

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rockville


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 11714 Tifton Drive, POTOMAC, MD, 20854

$3,950 /mo

  • 5 Beds
  • 3 Baths
  • 2,844 ft²
11714 Tifton Drive, POTOMAC, MD, 20854 Listing by Jack W Wang
Unit for rent at 615 Smallwood Road, ROCKVILLE, MD, 20850

$3,949 /mo

  • 5 Beds
  • 3 Baths
  • 3,108 ft²
615 Smallwood Road, ROCKVILLE, MD, 20850 Listing by Paula Heard
Unit for rent at 413 Oak Knoll Drive, ROCKVILLE, MD, 20850

$3,850 /mo

  • 3 Beds
  • 3 Baths
  • 1,688 ft²
413 Oak Knoll Drive, ROCKVILLE, MD, 20850 Listing by Kathleen C Meyer


Frequently Asked Questions

When was property at 1427 Fallsmead Way built and last sold?
The property at 1427 Fallsmead Way was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1427 Fallsmead Way is $0.
What are some comparable homes to 1427 Fallsmead Way?
There are currently no comparable homes to 1427 Fallsmead Way.

Nearby Counties