12002 Gatewater Dr, Potomac, MD 20854 Property Records

Montgomery County property record for 12002 Gatewater Dr, Potomac, MD 20854 · Last verified August 2026

Property Highlights

Property Type	Residential > Condominium / Townhouse > Townhouse
Bathrooms	3.5 Baths
Architecture Style	Townhouse
Year Built	Built 1984
Square Footage	2,024 sqft Living Area
Lot Size	2,281 sqft (0.052 acres)
Occupancy	Owner Occupied
Last Sale	$825,000 (2026)
Tax Bill	$8,031.00 (2025)

Property Details

APN / Parcel Number

Primary APN	`10-02332705`
Alternative APN	`02332705`

Interior

Full Baths	3.5 Baths
Partial Baths	1 Partial Baths
Building Area	2,024 sqft Living Area
1st Floor	852 sqft 1st Floor
Basement Area	450 sqft Basement
Finished Basement	450 sqft Finished
Stories	2 Stories
Fireplace	Fireplace
Fireplaces	1 Fireplaces

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Architectural Style	Townhouse Style
Construction Type	Frame Construction
Roof Material	Composition Shingle Roof
Lot Area	2,281 sqft (0.052 acres)
Deck Area	224 sqft Deck
Porch	Open Porch
Porch Area	88 sqft Porch

Utilities and HVAC

Cooling System	Central Cooling
Heating System	HVAC Heating
Sewage	Municipal Sewage

Location & Zoning

Account Number	02332705
Street Address	12002 GATEWATER DR
City	POTOMAC
State	MD
Zip	20854-2875
Property Usage	Residential Property Usage
Type	Residential > Condominium / Townhouse > Townhouse
Legal Description	FALLSBERRY
Legal Subdivision	FALLSBERRY
Legal Block	B
Legal Lot Number	44
Jurisdiction	MONTGOMERY MD
Minor Civil Division	10
Census Blockgroup	3
Census Block	3008
Census Tract	706007

Owner

Source: Montgomery County records · APN 10-02332705

Assessment roll updated August 17, 2026 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on File
Mailing Address	12002 GATEWATER DR, POTOMAC, MD 20854-2875
Occupancy	Owner Occupied
Owner Type	Owner is an Individual, Couple or Unincorporated Entity
Vesting	Sole Owner

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	May 27, 2026 · Amount on Record
Deed Sale	May 27, 2026 · Amount on Record
Prior Sale	Sep 21, 1999 · Amount on Record
Deed Book / Page	70526 / 402
Record Refreshed	Sep 20, 2026

May 2026: Deed, Transfer

Document Type	Deed
Jurisdiction	MONTGOMERY MD
Recording Date	May 27, 2026
Property Address	12002 GATEWATER DR, POTOMAC, MD 20854-2875
Document Number	7052000402
Book / Page	70526 / 402
Instrument Date	May 22, 2026
Transaction Type	Transfer
Record Updated	Jun 08, 2026
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$833,250.00
Amount Accuracy	Calculated from Tax (Full/Partial Unknown)
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Sole Owner
Address	12002 GATEWATER DR, POTOMAC, MD 20854-2875

Mortgage

Document Number	7052000411,
Date	May 27, 2026
Book Page	70526/411

Lender

Name	FIRST HOME MORTGAGE CORPORATION

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jun 01, 2056

Interest

Rate Type	Fixed Rate
Rate	6.3%
Initial Type	Fixed Rate
Max Rate	-1%

Tax Assessment & Valuation

Source: Montgomery County records · Assessment roll updated August 17, 2026 · Last verified August 2026

Property Jurisdictions

Type	Name
State	Maryland
County	Montgomery County
Unified School District	Montgomery County Public Schools (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$685,467 (+6.49%)	$769,000 (+19.47%) Land $250,000 Building $519,000
2025	$8,031.00 (+34.43%)	$643,700 (+9.36%) Land $250,000 Building $393,700	$643,700 (-) Land $250,000 Building $393,700
2023		$588,633	$643,700 Land $250,000 Building $393,700
2022	$5,974.00