18901 Bloomfield Rd, Olney, MD 20832
Great Neighborhood – DATED NOT DISTRESSED
Spacious 2500 SF split foyer, large lot, attached garage, and strong school ratings make this a prime investment.Fully renovated comps at $800K+, this one’s ready for either a light refresh and quick resale or full cosmetic rehab. As-is can resell for high $600s.
📸 Photo Breakdown
Exterior:
Solid brick structure, attached basement garage, landscaped front, newer roof line.
Excellent curb appeal after light cosmetic work (paint, trim, landscaping).
Interior – Main Level:
Bright open living area with great natural light, refinished flooring potential, and flexible dining layout.
Functional kitchen with cabinetry and layout ready for modernization.
Bedrooms:
Spacious rooms with large windows. Clean walls, minimal repair needs.
Bathrooms:
Tile finishes and full tub-shower combo. Fixtures are dated but functional — great candidate for simple refresh.
Basement:
Finished with garage access and above-grade windows. Perfect for second living area or in-law suite conversion.
Yard:
Expansive backyard, mostly level. Great family or entertainer layout.
Property Highlights
| Feature | Details |
|---|---|
| Type | Split Foyer Single Family |
| Living Space | 1,818 Above + 700 Finished Below |
| Lot Size | 0.388 Acres |
| Year Built | 1970 |
| Subdivision | Olney Mill |
| County | Montgomery, MD |
| Schools | Belmont ES (8/10), Rosa Parks MS (9/10), Sherwood HS (6/10) |
| Zoning | R200 (Residential) |
| Annual Taxes | $6,523 |
| Assessment | $564,700 |
Comparable Sales
| Address | Sold Price | Days on Market | Notes |
|---|---|---|---|
| 19605 Charline Manor Rd | $785,000 | 6 | Updated, not complete flip |
| 4001 Clover Hill Ter | $794,000 | 5 | Renovated / Updated (not flip) |
| 18921 Clover Hill Ln | $795,900 | Modern finishes |
➡ Average resale value range: $785K–$795K, confirming $800K ARV with light updates.
Investor Angle
Flip Potential:
With ~$50K–$60K in targeted upgrades (kitchen, bath, interior paint, fixtures), resale potential reaches $800K+, yielding a ~$100K+ spread.
Buy & Hold Potential:
Strong Montgomery County school zone + solid rental demand make this a durable equity-hold option. Rent-ready condition reduces vacancy downtime.