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7942 Inverness Ridge Road

7942 Inverness Ridge Road, Potomac, MD 20854
Property in Potomac
Sold May 23, 2014
$515,000
$360,500 by Embrace Home Loans Inc
Mortgage Due Jun 01, 2044
7942 Inverness Ridge Road in Potomac, MD was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 7942 Inverness Ridge Road has 1,614 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 150 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 2,508 square feet.

Learn more about the property and building on this page. The roof of the home is made of wood shake/ shingles. The property is connected to a sewer system. 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. The exterior walls of the home are made of brick. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7942 Inverness Ridge Road was last sold in May 9, 2014 for $515,000. According to our calculations, that's $351.78 per sqft. Current property owners are expected to pay $5,875 in taxes per year. The property on 7942 Inverness Ridge Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $526,967. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 150
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,508
  • Total Building Area: 1,464
  • Gross Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,614
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INVERNESS FOREST TWN HS
  • Land Acres: 0.058
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: INVERNESS FOREST TWN HS 4498/561 4527/29

Ownership

  • Current Owner : SUCCAR SAMIR
  • Current Owner 2: KIM YOUNG SHIN
  • Previous Owner : SEKELY LEA ISABEL
  • Previous Owner 2: THE LEA ISABEL SEKELY LIVING T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 706010

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: GQ21
  • Account Number: 00901664
  • District: 10
  • Parcel: 10-00901664
  • Block: J
  • Lot: 27
  • Latitude: 39.0305
  • Longitude: -77.162

    Address

  • Full Address: 7942 Inverness Ridge Rd
  • Address - House Number: 7942
  • Address - Street Name: Inverness Ridge
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Potomac
  • Carrier Code: C018
  • 4-Digit Zip Code: 4009
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,875

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 673,032
  • High Value: 769,492
  • Low Value: 576,571

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,500
  • First Open Lien Mortgage Lender: EMBRACE HOME LOANS INC
  • First Open Lien Mortgage Recording Date: May 23, 2014
  • First Open Lien Mortgage Loan Amount: $360,500
  • 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: Jun 01, 2044

    Market Valuation

  • Market Total Value: $569,900
  • Market Land Value: $300,000
  • Market Improvement Value: $269,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $526,967

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2014
  • Current Sale Recording Date: May 23, 2014
  • Current Sale Transaction ID: 1376812669
  • Current Sale Price: $515,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMBRACE HOME LOANS INC
  • First Mortgage Transaction Date: May 23, 2014
  • First Mortgage Loan Amount: $360,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2044

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Frequently Asked Questions

What neighborhood is 7942 Inverness Ridge Road located in?
The 7942 Inverness Ridge Road is a located in the neighborhood of Potomac in Potomac, Potomac.
What is the average sales price for listings in 7942 Inverness Ridge Road?
The average sales price for units in 7942 Inverness Ridge Road is $0 currently.

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