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Olney 20832
18508 QUEEN ELIZABETH DRIVE
$520,500
● House - Off Market

18508 QUEEN ELIZABETH DRIVE

OLNEY, MD 20832
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,046 Ft²
$2,996
Est. Monthly
$6
HOA / Fees
5.91%
Cap Rate

About This Property

A seldom opportunity presents for an investor or buyer with a vision to purchase in sought after Olney Mill at this price point.  The home sits on a .6 acre lot (large backyard), and features 3 bedrooms, 3 full bathrooms,  and a formal living and dining room.  The partially finished  basement has a rear entrance as well as a wet bar and rec room, perfect for any entertaining needs.  Close to commuter routes (Georgia Ave, MD-200), and all that Olney has to offer.  Come restore this gem back to its full potential!
Unit Size
2,046 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$244
Property Type
House
Property Taxes
$539
HOA Dues
$6
Year Built
1974

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Last updated: 12 months ago (Bright MLS #MDMC2192680)

Price History

Date / Event Date Event Price
Aug 21, 2025 Sold
Sold
Aug 1, 2025 In contract -
In contract
Jul 31, 2025 Listed by Long & Foster Real Estate, Inc. $499,000
Listed by Long & Foster Real Estate, Inc.

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 350
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,988
  • Total Building Area: 1,696
  • Gross Building Area: 1,696
  • Building Area: 1,696
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,046
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLNEY MILL
  • Land Acres: 0000000688
  • Standard Land Use Code: 1001
  • County Land Use Code: R-B001
  • Legal Description 1: OLNEY MILL

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701304

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: HT43
  • Account Number: 00749317
  • District: 08
  • Parcel: 08-00749317
  • Block: 4
  • Lot: 39
  • Latitude: 39.1606
  • Longitude: -77.0769

    Address

  • Full Address: 18508 Queen Elizabeth Dr
  • Address - House Number: 18508
  • Address - Street Name: Queen Elizabeth
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Olney
  • Carrier Code: R010
  • 4-Digit Zip Code: 1349
  • Zip Code: 20832

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $539,112

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 661,373
  • High Value: 756,163
  • Low Value: 566,584

    Market Valuation

  • Market Total Value: $553,500
  • Market Land Value: $271,700
  • Market Improvement Value: $281,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,567

    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 Olney


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Nearby Rentals

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  • 3 Baths
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18012 Vintage River Terrace, OLNEY, MD, 20832 Listing by Maryanne P Fiorita
Unit for rent at 9 Stoneyhurst Court, OLNEY, MD, 20832

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,378 ft²
9 Stoneyhurst Court, OLNEY, MD, 20832 Listing by Martin Gusman
Unit for rent at 18012 Golden Spring Court, OLNEY, MD, 20832

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 1,395 ft²
18012 Golden Spring Court #239, OLNEY, MD, 20832 Listing by Marlon P Deausen


Frequently Asked Questions

When was property at 18508 Queen Elizabeth Drive built and last sold?
The property at 18508 Queen Elizabeth Drive was built in 1974 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18508 Queen Elizabeth Drive is $0.
What are some comparable homes to 18508 Queen Elizabeth Drive?
There are currently no comparable homes to 18508 Queen Elizabeth Drive.