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$625,000

Beds
3
Baths
2.0
sq ft
1,681

11512 Cherry Grove Dr, North Potomac, MD 20878

11512 Cherry Grove Dr

NORTH POTOMAC, MD 20878

  • 46 days on market
Welcome to this wonderful 3 bed, 2 bath home primely located in North Potomac. This home has been updated with painting and a redesigned kitchen featuring Kraft Maid cabinets, stainless steel appliances and a quartz countertop. The upright pantry and island in the kitchen are furniture pieces and will not convey, nor will the upright freezer to the left of the sink. This opens up possibilities for the new owner to configure those spaces to their needs and likes. There is LVP and hardwood flooring throughout and no carpet in the house. The back yard is fenced in and can be extended down to the bottom of the property line, enclosing a huge back yard overlooking Maryland National Capital Park Land. There is a spacious living room, dedicated dining room, den area, part of which can also be converted into a 4th bedroom. The light-filled home has vaulted ceilings and sky lights. The owner's suite features 2 closets, a dressing room, en-suite bathroom . The roof is approximately 5 years old and is an architectural single roof. The washer / dryer is newer, modern, full size and stacked. This home is adjacent to the Kentlands/Lakelands and near many restaurants, grocery stores, gyms, other conveniences, commuter routes, ICC/MD 200, I-270, Shady Grove Metro, Crown and the Rio. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$633,923

Lot size

0.34 acres

Price per sq ft

$372

Year built

1971

Annual property taxes

$5,451

Monthly HOA fee

$4.17

Price History

09/23/2024
Bright

Bright #MDMC2149626

Listed
$625,000
+37.36%
11/22/2019
Bright

Bright #MDMC678386

Sold
$455,000
+9.64%
03/23/2015
Bright

Bright #1002307541

Sold
$415,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$247,000
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$328,000
Cash to seller
$247,000

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Eagle Bank

Loan start date

November 2019

Original loan amount

$364,000

Est. remaining balance

$328,000

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Martine F Khan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 3:45 PM

Listing updated: 09/24/2024 at 8:35 AM

Listed by: Anton Vanas, Long & Foster Real Estate, Inc. Phone #: (301) 975-9500

MLS: Bright #MDMC2149626

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