Brooke Farm Drive Olney, MD ^$ 374,990

Brooke Farm Drive

^$ 374,990

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Brooke Farm Drive

Olney, MD, 20832

^$ 374,990

Studio Baths0.0

Monthly Estimate*

^$ 2,619

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Studio

Lots and Land for sale in Olney, MD

for $374,990. The lot size is 1.5.

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.

Lots and Land Active

Price

^$ 374,990

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 7,250

Style

Timber,Vacant,Land/Lot Only

Lot Size

1.5

Town/City

Olney

County/Region

Montgomery

MLS | Web ID

MDMC2073622

Features

General

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 N

Possible Use Residential

Water Access Y/N N

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

City OLNEY

Buyer Agent Compensation 2.5

Body of Water James Creek

Lot Size Square Feet 65340.00

Waterfront Y/N N

Street Name BROOKE FARM

Tax Annual Amount 7250.0

Condo/Coop Association Y/N N

Clean Green Assessed Y/N N

Price Per Sq Ft 5.74

Additional Parcels Y/N N

Historic Y/N N

Lease Considered Y/N N

Vacation Rental Y/N N

Days on Market 536

Location Type Creek/Stream

Standard Status Active

Legal Subdivision OLNEY OUT RES (3)

Buyer Agent Compensation Type % Of Gross

Association Recreation Fee N

Exterior

Lot Features Road Frontage Stream/Creek Subdivision Possible Trees/Wooded

Water Source Public Hook-up Available

Water View Y/N Y

Lot Size Acres 1.50

Water Body Type Creek

Lot Size Units Square Feet

Lot Size Source Assessor

Other Equipment None

Horse Y/N N

Navigable Water Y/N N

Water Oriented Y/N Y

Interior

Street Suffix DRIVE

* Excluded Features

List By

Re/Max Realty Centre, Inc.

Broker

kehmhomeimprovement@gmail.com

Affordability Calculator

$3,224

Per Month

Monthly Principal & Interest: $2,619
Monthly Property Taxes: $604
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Olney, MD

Average List Price ^$387,495

Percent of Sale Price 3%

About Olney, MD

35,956 Population

9% Since 2002

^$130,536 Median Income

44.55 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3537693 Elementary School

3533360 Middle School

Sherwood High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/17/2023	$374,990	-16.67%	Price Down
5/16/2023	$449,990	-21.58%	Price Down
3/20/2023	$573,800	-25.85%	Price Down
10/29/2022	$773,800		Listed Price

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Brooke Farm Drive, Olney, MD, 20832 is a Lots and Land for sale at $374,990 with a lot size of 1.5. Brooke Farm Drive is a studio with 0.0 baths. The property's zip code is 20832 which is in Olney, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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Brooke Farm Drive

Lots and Land for sale in Olney, MD

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