Off Market2198d on market

1501 Lake Norwood Way

Sandy Spring, MD, 20860 • 20860 • Montgomery County

$1,264,200

$207/sqft

4Beds

5Baths

6,109Sqft

0.4 acLot

2002Built

Property DNA

3 highlights

Conventional Style

Built 2002 · 24 years of history

Premium Finishes

Walk-In Closet(s) · Crown Molding · Wainscotting

Hardwood Floors

Quality flooring throughout

Market activity

Demand and pricing signals for this listing

3 views

People checking out this listing

2198 days on market

Established listing

$207/sqft

Price per square foot

About this home

Single Family · Built 2002

Welcome to Bancroft, Mitchell & Best's premier enclave of 44 elegant homes located in the richly historic Sandy Spring. These homes are characterized by classic architecture and fine detailing, reminiscent of the historical homes and landmarks of the surrounding area. This Newport model sits on a lot that is rich with greenery and has a charming front porch that overlooks it all. Hardwood floors grace the main level of the home, including the bonus sunroom that is light-infused with floor to ceiling windows. The centrally located kitchen has granite counters, new stainless-steel appliances, & a sizable island with room for seating. Oversized master suite has a separate sitting room, dual walk-in closets, and large master bath. 3 additional bedrooms and 2 additional full baths complete the upper level. Recently finished lower level comes equipped with a wet bar, full bath, rec room, media room, and 2nd fireplace. An unmatched setting in an ideal location surrounded by golf & country clubs with close proximity to private & public schools. HOA FEE IS $2100 PAID SEMI-ANNUALLY.

Estimated monthly payment

Based on current rates

$8,110/month

Principal & Interest$6,075

Property Tax$1,264

Insurance$421

HOA$350

Down payment20% ($252,840)

3%50%

Est. 6.02% rate · 30yr fixed · $1,011,360 loan

Full calculator →

At a glance

Key facts and listing details

TypeDetached

Year Built2002

HeatingForced air, Heat pump

CoolingCentral

Parking2 Covered Parking spaces

HOA$350 monthly

Lot0.40 Acres

Property

Home typeSingle Family

Sub-typeDetached

StyleConventional

Year built2002

Systems

HeatingForced air, Heat pump

CoolingCentral

RoofShake / Shingle

Parking & Outdoor

ParkingGarage - Attached

BasementFinished

Lot0.40 Acres

Location & Tax

Neighborhood20860

Annual tax$12,072

Parcel0803344025

Bathrooms & Fees

Full baths4

HOA$350/mo

Features & details

7 categories of property features

Interior Features

Interior

Kitchen Island

Pantry

Recessed Lighting

Walk-In Closet(s)

Built-Ins

Crown Molding

Open Floorplan

Bar

Wet/Dry Bar

Wainscotting

Formal/Separate Dining Room

Master Bath(s)

Breakfast Area

Upgraded Countertops

Kitchen - Gourmet

Family Room Off Kitchen

Chair Railings

Double/Dual Staircase

Stall Shower

Appliances

Dishwasher

Dryer

Freezer

Garbage disposal

Microwave

Range / Oven

Refrigerator

Washer

Flooring

Carpet

Hardwood

Heating

Forced air

Heat pump

Cooling

Central

Exterior Features

Exterior

Other

Parking

Garage - Attached

Room details

2 rooms detailed

Walk In Closet

Dining Room

Listing insights

Market data and value estimates

StatusOff Market

Days on market2198

Est. value$1,264,200

Est. rent$6,628/mo

Tax rate0.88%

Price/sqft$207

Last sold$872,000

Tour days6

How are the schools in Sandy Spring?

3 schools rated nearby

Sherwood Elementary School

Primary • Public • PK-5

0.4 mi

William H. Farquhar Middle School

Middle • Public • 6-8

0.7 mi

Sherwood High School

High • Public • 9-12

0.9 mi

Location

Sandy Spring, MD, 20860

Expand map

Price history

8 events

DateEventPrice$/sqftSource

Apr 1, 2020Sold$872,000$143Public Record

Jan 30, 2020Pending Sale$899,900$147Compass

Jan 2, 2020Listed For Sale$899,900$147Compass

Dec 2, 2019Listing Removed$899,900$147Compass

Nov 21, 2019Price Change$899,900$147Compass

Oct 6, 2019Price Change$924,900$151Compass

Jul 11, 2019Listed For Sale$949,900$155Compass

Aug 27, 2002Sold$726,726$119Public Record

Sold$872,000

Apr 1, 2020•$143/sqft•Public Record

Pending Sale$899,900

Jan 30, 2020•$147/sqft•Compass

Listed For Sale$899,900

Jan 2, 2020•$147/sqft•Compass

Listing Removed$899,900

Dec 2, 2019•$147/sqft•Compass

Price Change$899,900

Nov 21, 2019•$147/sqft•Compass

Price Change$924,900

Oct 6, 2019•$151/sqft•Compass

Listed For Sale$949,900

Jul 11, 2019•$155/sqft•Compass

Sold$726,726

Aug 27, 2002•$119/sqft•Public Record

Tax history

25 years of records

YearTax paidAssessed value

Apr 9, 2025$12,072$1,049,533

Apr 9, 2024$11,013$956,667

Apr 9, 2023$9,953$863,800

Apr 9, 2022$9,433$854,867

Apr 9, 2021$9,326$845,933

Apr 9, 2020$9,234$837,000

Apr 9, 2019$9,230$837,000

Apr 9, 2018$9,246$837,000

Apr 9, 2017$9,982$882,000

Apr 9, 2016$9,205$865,633

Apr 9, 2015$9,205$849,267

Apr 9, 2014$9,205$832,900

Apr 9, 2013—$832,900

Apr 9, 2012—$832,900

Apr 9, 2011—$897,540

Apr 9, 2010—$897,540

Apr 9, 2009—$897,540

Apr 9, 2008—$1,088,260

Apr 9, 2007—$956,156

Apr 9, 2006—$824,053

Apr 9, 2005—$691,950

Apr 9, 2004—$651,076

Apr 9, 2003—$651,076

Apr 9, 2002—$57,660

Apr 9, 2001—$57,660

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Neighborhood details

Local context around this listing

Sandy Spring, MD • Montgomery County

Nearby cities

BethesdaChevy ChaseGaithersburgGermantownMontgomery VillageNorth PotomacPotomacRockville

Nearby zip codes

2086020861

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Value estimates

Live

Est. value$1,264,200

Est. rent$6,628/mo

30yr rate est.6.02%

Affordability$7,762/mo

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