Property Attributes
- MLS#MDMC2073622
- TypeLand
- CountyMONTGOMERY
- CityOlney
- Zip20832
- StyleTimber,Vacant,Land/Lot Only
- Taxes$ 7250
- Price$ 374,990
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.5 Acres
Data Source:
Bright MLS
Property Description
DRASTICALLY REDUCED! THE LISTING PRICE OF $374,990.00 IS $254,210.00 BELOW THE COUNTY TAX ASSESSED VALUE OF $629,200.00! This is your rare opportunity to own a piece of prime real estate in the heart of Olney WAY BELOW MARKET VALUE! This Deeded parcel is 1.5 acres located directly adjacent to Medstar Montgomery Medical Center, previously known as Montgomery General Hospital. A small stream that is part of James Creek runs through the bottom of the property near Brooke Farm Dr., but it is NOT located in a Federal Flood Zone. FEMA Zone Rating is X. The property connects to both Brooke Farm Dr. and Tall Timbers Rd. and can possibly be subdivided into more than one lot. Public utilities are available at the street level but are not connected to the property. The parcel is being conveyed As-Is. Buyer is advised to verify available public utilities or questions related to building/subdivision with Montgomery County Planning Department for M-NCPPC. Thank you for your consideration.
Elementary School | Middle School | High School |
---|---|---|
Brooke Grove Elementary School | William H. Farquhar Middle School | Sherwood High School |
Price History | |
---|---|
10/29/2022 | Listed $773,800 |
3/20/2023 | 26% - $573,800 |
5/16/2023 | 22% - $449,990 |
8/17/2023 | 17% - $374,990 |
General Features
Sewer | Public Hook/Up Avail |
---|---|
Possession | Settlement |
Zoning | R200 |
View | Creek/Stream,Trees/Woods |
Property SubType | Land |
Tax Year | 2023 |
Current Use | Timber,Vacant,Land/Lot Only |
Percent Ownership | Fee Simple |
County | MONTGOMERY |
Property Type | Land |
HOA / Comm Assn | No |
Possible Use | Residential |
Water Access Y/N | No |
Transportation | Bus Stop less than 1 mile |
Status | ACTIVE |
Directions | North on Georgia Ave. towards Olney to Right on Prince Philip Dr. crossing over Route 108 (Olney-Sandy Spring Rd.),Right onto Brooke Farm Dr. Property is located right behind Medstar Montgomery Hosp |
ModificationTimestamp | 2024-04-04T12:39:59 |
City | OLNEY |
Buyer Agent Compensation | 2.5 |
Body of Water | James Creek |
Lot Size Square Feet | 65340.00 |
Tax Assessed Value | 629200.0 |
Waterfront Y/N | No |
Street Name | BROOKE FARM |
Tax Annual Amount | 7250.0 |
Condo/Coop Association Y/N | No |
Clean Green Assessed Y/N | No |
Price Per Sq Ft | 5.74 |
Additional Parcels Y/N | No |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 550 |
Location Type | Creek/Stream |
Standard Status | Active |
Legal Subdivision | OLNEY OUT RES (3) |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Street Suffix | DRIVE |
---|
Exterior Features
Lot Features | Road Frontage,Stream/Creek,Subdivision Possible,Trees/Wooded |
---|---|
Water Source | Public Hook-up Available |
Land Use Code | R |
Water View Y/N | Yes |
Lot Size Acres | 1.50 |
Water Body Type | Creek |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Other Equipment | None |
Horse Y/N | No |
Navigable Water Y/N | No |
Water Oriented Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool