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7501 Masters Drive

7501 Masters Drive, Potomac, MD 20854
Property in Potomac
Sold Apr 03, 2014
$1,150,000
$330,000 by Eagle Bank
Mortgage Due Mar 01, 2039
Sold Jun 13, 2013
$1,135,000
$737,750 by George Mason Mortgage Llc
Mortgage Due Jun 01, 2043
7501 Masters Drive in Potomac, MD was first built in 1971 and is 53 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 7501 Masters Drive has 4,680 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,000 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 15,023 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of composition shingle. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Mar 26, 2014 for $1,150,000. That's $312.50 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2013 for $1,135,000. 7501 Masters Drive was last assessed in 2023. The total value of the property was assessed at $1,353,533. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $15,323. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,000
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 15,023
  • Total Building Area: 3,680
  • Gross Building Area: 3,680
  • Building Area: 3,680
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,680
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER FALLS
  • Land Acres: 0.345
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVER FALLS

Ownership

  • Current Owner : WONG KIA YONG VINCENT
  • Current Owner 2: YANG CHIA YI
  • Previous Owner : CHOICE CURTIS
  • Previous Owner 2: CHOICE JEANNIE J
  • Owner Before Previous Owner: LEVENSON HOWARD A
  • Owner Before Previous Owner 2: LEVENSON MELANY G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 706008

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: FN32
  • Account Number: 00892546
  • District: 10
  • Parcel: 10-00892546
  • Block: D
  • Lot: P22
  • Latitude: 38.9847
  • Longitude: -77.2137

    Address

  • Full Address: 7501 Masters Dr
  • Address - House Number: 7501
  • Address - Street Name: Masters
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Potomac
  • Carrier Code: C013
  • 4-Digit Zip Code: 3802
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,323

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,681,687
  • High Value: 1,937,193
  • Low Value: 1,426,180

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,000
  • First Open Lien Mortgage Lender: EAGLE BANK
  • First Open Lien Mortgage Recording Date: Apr 03, 2014
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $330,000
  • First Open Lien Mortgage Term: 298
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2039

    Market Valuation

  • Market Total Value: $1,410,800
  • Market Land Value: $502,800
  • Market Improvement Value: $908,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,353,533

    Sales

  • Current Sale Contract Date: Mar 26, 2014
  • Current Sale Recording Date: Apr 03, 2014
  • Current Sale Transaction ID: 1374037539
  • Current Sale Price: $1,150,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 13, 2013
  • Previous Sale Contract Date: May 31, 2013
  • Previous Sale Amount: $1,135,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EAGLE BANK
  • First Mortgage Transaction Date: Apr 03, 2014
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 298
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Mar 01, 2039

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jun 13, 2013
  • Previous Mortgage Loan Amount: $737,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2043

About Potomac



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Frequently Asked Questions

What neighborhood is 7501 Masters Drive located in?
The 7501 Masters Drive is a located in the neighborhood of Potomac in Potomac, Potomac.
What is the average sales price for listings in 7501 Masters Drive?
The average sales price for units in 7501 Masters Drive is $0 currently.

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