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Listed By:
RE/MAX Realty Centre, Inc.
Address
Brooke Farm Drive, Olney, MD
Price
$ 374,990
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

Property vs Land Average in 20832

Price
AVG $370K
$370K
Taxes
AVG $7,250
$7,250
Visits
AVG 656
655
Data Provided by Inside Real Estate®
Walkscore
AVG 46
46
Data Provided by Walkscore® not using MLS data

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