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8007 Inverness Ridge Road

8007 Inverness Ridge Road, Potomac, MD 20854
Property in Potomac
Sold Jun 29, 2021
$675,000
$320,000 by Td Bank Na
Mortgage Due Jul 01, 2051
Sold Jul 08, 1999
Transfer
Local assessors in Potomac, MD have categorized 8007 Inverness Ridge Road as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 2,137 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8007 Inverness Ridge Road has a total of 1,568 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 550 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of wood shake/ shingles. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8007 Inverness Ridge Road sold most recently in Jun 3, 2021 for a total of $675,000. If you work out the math, that's approximately a cost of $476.02 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,308 in taxes each year. The initial year of tax delinquency occurred in 2020. 8007 Inverness Ridge Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $548,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 550
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,137
  • Total Building Area: 1,418
  • Gross Building Area: 1,418
  • Building Area: 1,418
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,568
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INVERNESS FOREST TWN HS
  • Land Acres: 0.049
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: INVERNESS FOREST

Ownership

  • Current Owner : JIN ZHEHUI
  • Current Owner 2: JIN QINGYAN
  • Previous Owner : JACOME MARLENE C
  • Owner Before Previous Owner: ACOME JULIO C
  • Owner Before Previous Owner 2: ACOME C M
  • 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: 00903457
  • District: 10
  • Parcel: 10-00903457
  • Block: J
  • Lot: 69
  • Latitude: 39.0304
  • Longitude: -77.1638

    Address

  • Full Address: 8007 Inverness Ridge Rd
  • Address - House Number: 8007
  • Address - Street Name: Inverness Ridge
  • Address - Suffix Type: Rd
  • State: MD
  • City Name: Potomac
  • Carrier Code: C018
  • 4-Digit Zip Code: 4012
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,308
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.145
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 82
  • Final Value: 651,252
  • High Value: 745,720
  • Low Value: 556,783

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Jun 29, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $320,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $639,900
  • Market Land Value: $300,000
  • Market Improvement Value: $339,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $548,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Transaction ID: 11841543472
  • Current Sale Price: $675,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jul 08, 1999
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Jun 29, 2021
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 8007 Inverness Ridge Road located in?
The 8007 Inverness Ridge Road is a located in the neighborhood of Potomac in Potomac, Potomac.
What is the average sales price for listings in 8007 Inverness Ridge Road?
The average sales price for units in 8007 Inverness Ridge Road is $0 currently.

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