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8820 Maxwell Drive

8820 Maxwell Drive, Potomac, MD 20854
Property in Potomac
Sold Oct 04, 2022
$1,335,000
$1,068,000 by First Home Mortgage Corporatio
Mortgage Due Oct 01, 2052
Sold Apr 12, 2013
$865,000
$600,000 by Eagle Bank
Mortgage Due Apr 01, 2043
8820 Maxwell Drive in Potomac, MD was first built in 1967 and is 57 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 3 full bathrooms. There are 4 partial bathrooms. 8820 Maxwell Drive has 3,490 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 950 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 20,878 square feet.

Learn more about the property and building on this page. There is a open porch and 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 529 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. 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. 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, 8820 Maxwell Drive sold most recently in Sep 21, 2022 for a total of $1,335,000. If you work out the math, that's approximately a cost of $525.59 per sqft. Before that, the property was also sold for $865,000 in Mar 27, 2013. 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 $10,553 in taxes each year. 8820 Maxwell Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $939,600. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior

Driveway

Driveway

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 950
  • Garage Type: Attached
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 20,878
  • Total Building Area: 2,540
  • Gross Building Area: 2,540
  • Building Area: 2,540
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,490
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLDFIELD
  • Land Acres: 0.479
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OLDFIELD

Ownership

  • Current Owner : ASHENGO TIGISTU A
  • Current Owner 2: ADMASSIE REDEIT
  • Previous Owner : KENNEDY CRAIG K
  • Owner Before Previous Owner: RALPH THOMAS L
  • Owner Before Previous Owner 2: RALPH VICTORIA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 706011

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: FQ62
  • Account Number: 00891974
  • District: 10
  • Parcel: 10-00891974
  • Block: C
  • Lot: 7
  • Latitude: 39.0453
  • Longitude: -77.1827

    Address

  • Full Address: 8820 Maxwell Dr
  • Address - House Number: 8820
  • Address - Street Name: Maxwell
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Potomac
  • Carrier Code: C037
  • 4-Digit Zip Code: 3122
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,553

    Appraisal Valuation

  • Standard Deviation: 0.1335
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 84
  • Final Value: 1,376,697
  • High Value: 1,560,507
  • Low Value: 1,192,887

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,068,000
  • First Open Lien Mortgage Lender: FIRST HOME MORTGAGE CORPORATIO
  • First Open Lien Mortgage Recording Date: Oct 04, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,068,000
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $1,133,400
  • Market Land Value: $446,500
  • Market Improvement Value: $686,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $939,600

    Sales

  • Current Sale Contract Date: Sep 21, 2022
  • Current Sale Recording Date: Oct 04, 2022
  • Current Sale Transaction ID: 11896619868
  • Current Sale Price: $1,335,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 12, 2013
  • Previous Sale Contract Date: Mar 27, 2013
  • Previous Sale Amount: $865,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HOME MORTGAGE CORPORATIO
  • First Mortgage Transaction Date: Oct 04, 2022
  • First Mortgage Loan Amount: $1,068,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: EAGLE BANK
  • Previous Mortgage Transaction Date: Apr 12, 2013
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2043

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Frequently Asked Questions

What neighborhood is 8820 Maxwell Drive located in?
The 8820 Maxwell Drive is a located in the neighborhood of Potomac in Potomac, Potomac.
What is the average sales price for listings in 8820 Maxwell Drive?
The average sales price for units in 8820 Maxwell Drive is $0 currently.

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