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Olney 20832
2701 OLNEY SANDY SPRING ROAD
$1,390,000
● House - For Sale
bedrooms
4 Beds
bathrooms
4 Baths
square feet
5,475 Ft²
$7,610
Est. Monthly

About This Property

Stop paying rent to a landlord! Pay yourself rent.  Perfect home for the self employed. You can't beat the commute. Home and work, all in one! Discover a rare hybrid residential–professional property offering exceptional flexibility and long-term value. Set on a full acre along Route 108-one of Olney's primary corridors-this unique property combines comfortable living space with a purpose-built professional office, providing visibility, functionality, and versatility seldom found in a residential setting. This property allows an owner-occupant to operate a professional business on-site, while residing in the home, with the ability to pay oneself rent rather than paying rent to a third party. The property includes approximately 3,526 square feet of finished residential living space, plus an attached professional office suite of approximately 1,710 square feet, originally constructed by the owner and successfully used for medical and healthcare practices for decades. A 1993 expansion thoughtfully integrated both components, creating a cohesive and well-designed layout. The property currently holds a transferable Use Permit for a Home Healthcare Practitioner. However, under Montgomery County Zoning Ordinance Chapter 59, a clinic with up to four medical or dental practitioners may be permitted for conditional use upon approval by the Hearing Examiner. The professional office suite space is presently configured for a Chiropractic practice and features ample parking, a large reception area, administrative office space, five private patient rooms, and a secondary administrative area, offering adaptability for a variety of medical, wellness, or other professional uses. And  although zoned residential, the property allows a wide range of uses by right.  A mother-in-law suit could also be configured in this space as it is on the ground level. The residential portion of the home is beautifully maintained and offers four spacious bedrooms, each with its own en suite bathroom, along with a living room that includes a fireplace, an exceptionally large formal dining room, a butler's pantry/bar area, and a spacious kitchen open to a breakfast area and family room. Recessed lighting enhances the living spaces, while sliding glass doors lead to a private, fenced rear patio and a generous backyard-ideal for outdoor entertaining and relaxation. One upstairs bedroom-ideal as a primary suite-features a cathedral ceiling, while the primary suite on the main level includes a separate private office with serene views of the surrounding woods. A two-car garage with interior access adds everyday convenience. This property is ideal for operating a professional practice on-site, living and working in one location, or leasing the residential and office components separately and presents a compelling opportunity to build equity in owned real estate.  Although this property sits on a quiet wooded lot in central Olney, within just a couple of minutes is Montgomery Medstar Hospital, the Olney Theater, Good Council High School and a variety of Strip malls and Shopping centers, Restaurants and Cafes (ranging from casual to sit-down favorites), as well as other Services and Offices, all offering much sought after unique amenities.
Unit Size
5,475 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$254
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
1945

Listed By

Thomas Riley
TTR Sotheby's International Realty
William Burr
TTR Sotheby's International Realty

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Last updated: 14 days ago (Bright MLS #MDMC2254512)

Price History

Date / Event Date Event Price
Sep 8, 2026 Listed by TTR Sotheby's International Realty $1,390,000
Listed by TTR Sotheby's International Realty
May 2, 2026 Price Decreased $1,390,000
↓ $60K (4.1%)
Price Decreased
Jan 24, 2026 Price Decreased $1,450,000
↓ $50K (3.3%)
Price Decreased
Oct 22, 2025 Listed by TTR Sotheby's International Realty $1,500,000
Listed by TTR Sotheby's International Realty
Discover a rare hybrid residential–professional property offering exceptional flexibility and long-term value. Set on a full acre along Route 108—one of Olney’s primary corridors—this unique property combines comfortable living space with a purpose-built professional office, providing visibility, functionality, and versatility seldom found in a residential setting. This property allows an owner-occupant to operate a professional business on-site, while residing in the home, with the ability to pay oneself rent rather than paying rent to a third party. The property includes approximately 3,526 square feet of finished residential living space, plus an attached professional office suite of approximately 1,710 square feet, originally constructed by the owner and successfully used for medical and healthcare practices for decades. A 1993 expansion thoughtfully integrated both components, creating a cohesive and well-designed layout. The property currently holds a transferable Use Permit for a Home Healthcare Practitioner. However, under Montgomery County Zoning Ordinance Chapter 59, a clinic with up to four medical or dental practitioners may be permitted for conditional use upon approval by the Hearing Examiner. The professional office suite space is presently configured for a Chiropractic practice and features ample parking, a large reception area, administrative office space, five private patient rooms, and a secondary administrative area, offering adaptability for a variety of medical, wellness, or other professional uses. And although zoned residential, the property allows a wide range of uses by right. A mother-in-law suit could also be configured in this space as it is on the ground level. The residential portion of the home is beautifully maintained and offers four spacious bedrooms, each with its own en suite bathroom, along with a living room that includes a fireplace, an exceptionally large formal dining room, a butler’s pantry/bar area, and a spacious kitchen open to a breakfast area and family room. Recessed lighting enhances the living spaces, while sliding glass doors lead to a private, fenced rear patio and a generous backyard—ideal for outdoor entertaining and relaxation. One upstairs bedroom—ideal as a primary suite—features a cathedral ceiling, while the primary suite on the main level includes a separate private office with serene views of the surrounding woods. A two-car garage with interior access adds everyday convenience. This property is ideal for operating a professional practice on-site, living and working in one location, or leasing the residential and office components separately and presents a compelling opportunity to build equity in owned real estate. Although this property sits on a quiet wooded lot in central Olney, within just a couple of minutes is Montgomery Medstar Hospital, the Olney Theater, Good Council High School and a variety of Strip malls and Shopping centers, Restaurants and Cafes (ranging from casual to sit-down favorites), as well as other Services and Offices, all offering much sought after unique amenities.
Apr 11, 2025 Listed by TTR Sotheby's International Realty $1,500,000
Listed by TTR Sotheby's International Realty
This unique property is currently used as both a medical office and a residence. Located off the main road in Olney, MD, it offers excellent business exposure. Additionally, the property is situated between two other Special Exception properties: a veterinary office and an assisted living facility. It is also located just a quarter mile from MedStar Hospital, making it especially attractive as a healthcare office. The property offers a truly special and serene atmosphere, serving as both a primary residence and a healthcare office—currently home to a chiropractor. Situated on one acre of land in central Olney, it is nestled in a thriving community along the well-traveled Route 108. The primary residence spans approximately 3,526 square feet and includes four bedrooms and four bathrooms. The office portion of the property offers an additional 1,710 square feet. The home features a 2-car garage, a family room, a living room, a formal dining room, and ample outdoor space for entertainment. There is also plenty of parking available for visitors. The property consists of two wings built in 1945 and 1993, respectively. While zoned as residential, it offers great potential for conversion into various property types by right, including a Bed & Breakfast, embassy, residential care facility, house of worship, and several other options. Permitted uses by right include: Bed & Breakfast One-family detached dwelling unit Embassy Farm tenant dwelling/mobile home Small group home Mobile home (permanently attached) Public utility buildings or other public uses Adult foster care home Residential care facilities (up to 8 persons) Ambulance/rescue squad/fire station Childcare facility Houses of worship Opportunity housing projects Libraries/museums Parks/playgrounds Agricultural uses/farm market

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Parking Features: Attached, Garage, Driveway, Parking Lot, Asphalt Driveway
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Bar, Soaking Tub, Breakfast Bar, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Kitchen Island, Recessed Lighting, Walk-In Closet(s), Bathroom - Stall Shower, Bathroom - Walk-In Shower, Butlers Pantry, Carpet, Chair Railings, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Country, Kitchen - Table Space, Wood Floors
Appliances: Cooktop, Dishwasher, Dryer, Microwave, Electric Oven, Refrigerator, Washer, Water Heater, Oven - Wall
Flooring Type: Carpet, Wood
Has Fireplace
Fireplace Features: Wood
Fireplaces: 1
Basement: Partial, Heated
Exterior Details
Square Footage: 5475
Square Footage Source: $0
Property Condition: Very Good
Architectural Style: Colonial, Contemporary, Other
Year Built Source: Assessor
Year Built: 1945
Levels: 3
Other Structures: Above Grade, Below Grade
Construction Materials: Brick, Frame, Stucco
Patio and Porch Features: Patio, Porch
Lot Features: Wooded, Backs to Trees
Lot Size Area: 44866
Lot Size Units: Square Feet
Lot Size Acres: 1.03
Lot Size Square Feet: 44866
Water Source: Public
Financial Details
Tax Assessed Value: $745,900
Tax Annual Amount: $9,416
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 17
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,866
  • Total Building Area: 5,475
  • Gross Building Area: 5,475
  • Building Area: 5,475
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 5,364
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KIRK FARM
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: KIRK FARM

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701315

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: HT62 0 P361
  • Account Number: 00703018
  • District: 08
  • Parcel: 08-00703018
  • Latitude: 39.1497
  • Longitude: -77.055

    Address

  • Full Address: 2701 Olney Sandy Spring Rd
  • Address - House Number: 2701
  • Address - Street Name: Olney Sandy Spring
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Olney
  • Carrier Code: R015
  • 4-Digit Zip Code: 1615
  • Zip Code: 20832

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,035,620

    Appraisal Valuation

  • Standard Deviation: 0.1088
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 979,409
  • High Value: 1,085,996
  • Low Value: 872,821

    Market Valuation

  • Market Total Value: $780,500
  • Market Land Value: $296,000
  • Market Improvement Value: $484,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $780,500
  • Assessed Land Value: $296,000
  • Assessed Improvements Value: $484,500
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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Frequently Asked Questions

When was property at 2701 Olney Sandy Spring Road built and last sold?
The property at 2701 Olney Sandy Spring Road was built in 1945 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2701 Olney Sandy Spring Road is $1,407,594.
What are some comparable homes to 2701 Olney Sandy Spring Road?
There are currently no comparable homes to 2701 Olney Sandy Spring Road.