A seldom opportunity presents for an investor or buyer with a vision to purchase in sought after Olney Mill at this price point. The home sits on a .6 acre lot (large backyard), and features 3 bedrooms, 3 full bathrooms, and a formal living and dining room. The partially finished basement has a rear entrance as well as a wet bar and rec room, perfect for any entertaining needs. Close to commuter routes (Georgia Ave, MD-200), and all that Olney has to offer. Come restore this gem back to its full potential!
Sold for $520,500
$520,500
18508 Queen Elizabeth Dr, Olney, MD 20832
3beds
2,046sqft
Single Family Residence
Built in 1974
0.69 Acres Lot
$528,100 Zestimate®
$254/sqft
$3,758 Estimated rent
Home value
$528,100
$486,000 - $576,000
$3,758/mo
Zestimate® history
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$3,246/mo
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$3,246/mo
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List your homeWhat's special
Partially finished basementRec roomRear entranceLarge backyardWet bar
Zillow last checked:
Listing updated:
Listed by:
Camille Hippolyte 301-388-2600,
Long & Foster Real Estate, Inc.
Bought with:
Seema Rodriguez, 526740
RE/MAX Realty Centre, Inc.
Source: Bright MLS,MLS#: MDMC2192680
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 3
Basement
- Area: 1696
Heating
- Central, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Dishwasher, Oven, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater
- Laundry: Has Laundry, Lower Level
Features
- Attic, Bar, Bathroom - Stall Shower, Dining Area, Entry Level Bedroom
- Flooring: Carpet, Hardwood, Wood
- Windows: Bay/Bow
- Basement: Partially Finished,Rear Entrance
- Number of fireplaces: 1
Interior area
- Total structure area: 3,392
- Total interior livable area: 2,046 sqft
- Finished area above ground: 1,696
- Finished area below ground: 350
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport, Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Pool features: None
Lot
- Size: 0.69 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 160800749317
- Zoning: R200
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Below Average
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Olney Mill
HOA
- Has HOA: Yes
- HOA fee: $77 annually
- HOA name: OLNEY MILL ASSOCIATION
Location
- Region: Olney
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $553,500
- Annual tax amount: $6,463
- Date on market: 7/31/2025
- Listing agreement: Exclusive Agency
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $520,500+4.3%$254/sqft |
Source:  Bright MLS #MDMC2192680 Report a problem | ||
| 8/1/2025 | Pending sale | $499,000$244/sqft |
Source: Bright MLS #MDMC2192680 Report a problem | ||
| 7/31/2025 | Listed for sale | $499,000$244/sqft |
Source: Bright MLS #MDMC2192680 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,215 +3.3% | $553,500 +5.9% |
| 2024 | $6,015 +6.2% | $522,533 +6.3% |
| 2023 | $5,664 +11.4% | $491,567 +6.7% |
| 2022 | $5,083 +0.3% | $460,600 +0.2% |
| 2021 | $5,067 +0.1% | $459,633 +0.2% |
| 2020 | $5,060 +4.8% | $458,667 +0.2% |
| 2019 | $4,827 -0.2% | $457,700 +4.6% |
| 2018 | $4,835 +1.6% | $437,700 +4.8% |
| 2017 | $4,759 +22.5% | $417,700 +5% |
| 2016 | $3,885 | $397,700 |
| 2015 | $3,885 | $397,700 |
| 2014 | $3,885 | $397,700 -0.8% |
| 2013 | -- | $400,800 |
| 2012 | -- | $400,800 |
| 2011 | -- | $400,800 -19.5% |
| 2010 | -- | $498,000 +2.5% |
| 2009 | -- | $485,976 +2.5% |
| 2008 | -- | $473,953 +2.6% |
| 2007 | -- | $461,930 +18.1% |
| 2006 | -- | $391,172 +22.1% |
| 2005 | -- | $320,416 +28.3% |
| 2004 | -- | $249,660 |
| 2003 | -- | $249,660 +13.1% |
| 2002 | -- | $220,686 +7% |
| 2001 | -- | $206,200 |
Find assessor info on the county website
Neighborhood: 20832
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Nearby schools
GreatSchools rating
- 8/10Greenwood Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 9/10Rosa M. Parks Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Sherwood High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- District: Montgomery County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$528,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$528,100
- Maryland
- Montgomery County
- Olney
- 20832
- 18508 Queen Elizabeth Dr
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