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$559,026Estimated home value

Beds
3
Baths
2.0
sq ft
1,313

3405 Colonial Ct, Olney, MD 20832

3405 Colonial Ct

OLNEY, MD 20832

  • Sold On 9/2/2024
    • Price drop $76,000↓
PRICE REDUCED! CHARMING AND METICULOUSLY KEPT HOME ON A QUIET CT IN A WONDERFUL NEIGHBORHOOD. WALKING DISTANCE TO SHOPPING AND PUBLIC TRANSPORTATION. RECENTLY RENOVATED WITH NEW APPLIANCES AS WELL AS HVAC.

Details

Property type

Single Family Residence

Est. home value

$559,026

Lot size

0.46 acres

Price per sq ft

$487

Year built

1959

Annual property taxes

$5,562

HOA

No

Price History

08/30/2024
Bright

Bright #MDMC2136848

Sold
$639,000
08/12/2024
Bright

Bright #MDMC2136848

Pending
$639,000
08/02/2024
Bright

Bright #MDMC2136848

Price change
$639,000
-7.39%

Schools & Community

Elementary school: 

OLNEY

Middle school: 

WILLIAM H. FARQUHAR

High school: 

JAMES HUBERT BLAKE

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

$235,723
Asking price
$639,000
Closing costs (~8% of asking)
-$51,120
Est. remaining loan balance
-$352,157
Cash to seller
$235,723

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

Seller’s Loan History

Lender

Mortgage Link

Loan start date

November 2021

Original loan amount

$375,000

Est. remaining balance

$352,157

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Reza Norouzi and Niloufar A Norouzi

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: Off Market

Tomo last checked: 10/04/2024 at 11:30 PM

Listing updated: 09/23/2024 at 10:18 PM

Listed by: Amiram W Levi, Realty Advantage Phone #: (301) 881-9800

MLS: Bright #MDMC2136848

Bright logo

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