NOT LISTED FOR SALE

103 Timberbrook Ln Unit 302 Gaithersburg, MD 20878

Shady Grove Neighborhood

Estimated Value: $427,000 - $441,315

2 Beds
2 Baths
1,834 Sq Ft
$250/mo HOA Fee

Last Sold January 18, 2017

Last sale price $289,500 $158 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,914/month

59 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Forced Air Heating and Cooling System
  • Fields Road Elementary School Rated A-
  • Eat-In Kitchen
  • Combination Kitchen and Dining Room

About This Home

As of January 2017

***Great new price for one of the Timberbrook top floor 2-level units*** Rare Find! Brand new paint! Incredible loft w/ room for a 3rd BR & more! Exquisite living rm w/ soaring ceilings & FP! Premium rear unit w/ balcony overlooking woods! Price reflects the need for kitchen & bath updating but great value! Fantastic location near Crown & Rio! New HVAC-2014 & brand new hot wtr htr!

Last Agent to Sell the Property

Corey Savelson

(301) 602-7073 csavelson@lnf.com Long & Foster Real Estate, Inc. License #304278 Listed on: 10/21/2016

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Greg Miele

(301) 537-5235 gmiele@objectiveadvisors.com Metropol Realty License #BR98371991

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,312

Year Built

  • Built in 1995

Lot Details

  • 3,703

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,834 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Window Treatments
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Free Parking
  • Unassigned Parking

Schools

  • Fields Road Elementary School
  • Ridgeview Middle School
  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160903089064
  • $167 Front Foot Fee per year

Community Details

Overview

  • Association fees include exterior building maintenance, lawn maintenance, management, insurance, parking fee, reserve funds, road maintenance, snow removal, trash, water, sewer
  • Low-Rise Condominium
  • Timberbrook Codm Community
  • Timberbrook Codm Subdivision

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,312

Year Built

Built in 1995

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1995
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Interior Amenities: Combination Kitchen/Dining, Kitchen - Table Space, Primary Bath(s), Window Treatments, Floor Plan - Open
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Top Floor
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1834
  • Living Area Sq Ft: 1834
  • Price Per Sq Ft: 158.07
  • Above Grade Finished Sq Ft: 1834
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination, Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free, Unassigned

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 250.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Management, Insurance, Parking Fee, Reserve Funds, Road Maintenance, Snow Removal, Trash, Water, Sewer
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Lot Info

  • Improvement Assessed Value: 206500.00
  • Land Assessed Value: 88500.00
  • Property Attached Yn: Yes
  • Zoning: CB
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13979044
  • Tax Annual Amount: 4312.32
  • Assessor Parcel Number: 160903089064
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Front Foot Fee: 166.60

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Jan 23, 2017
Sold by
Lee Esther P-Ak and Lee Esther Sook
Bought by
Ramimeni Venkat and Ramimeni Padmaja
Seller's Agent
Corey Savelson
Long & Foster Real Estate, Inc.
Buyer's Agent
Greg Miele
Metropol Realty
List Price
$312,500
Sold Price
$289,500
Premium/Discount to List
-$23,000
-7.36%
Current Estimated Value
$436,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,329
Avg. Annual Appreciation
4.74%
Original Mortgage
$260,550
Outstanding Balance
$130,639
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$306,190

Purchase Details

Closed on
May 4, 2000
Sold by
El
Bought by
Pak Esther S

Purchase Details

Closed on
Aug 5, 1997
Sold by
Leach Bernice
Bought by
Ghilani Danielle D

Purchase Details

Closed on
Feb 15, 1995
Sold by
Conservancy Lc
Bought by
Leach Bernice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ramimeni Venkat $289,500 None Available
Pak Esther S $139,000 --
Ghilani Danielle D -- --
Leach Bernice $137,840 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramimeni Venkat $260,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2017 01/18/17 Sold $289,500 -0.1% $158 / Sq Ft
12/19/2016 12/19/16 Pending -- -- --
12/13/2016 12/13/16 Price Changed $289,900 -3.3% $158 / Sq Ft
11/21/2016 11/21/16 Price Changed $299,900 -2.9% $164 / Sq Ft
11/03/2016 11/03/16 Price Changed $309,000 -1.1% $168 / Sq Ft
10/21/2016 10/21/16 For Sale $312,500 -- $170 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,369 $341,667 -- --
2024 $4,369 $328,333 $0 $0
2023 $4,868 $315,000 $94,500 $220,500
2022 $3,266 $306,667 $0 $0
2021 $3,178 $298,333 $0 $0
2020 $3,060 $290,000 $87,000 $203,000
2019 $3,072 $290,000 $87,000 $203,000
2018 $3,085 $290,000 $87,000 $203,000
2017 $3,620 $315,000 $0 $0
2016 -- $308,333 $0 $0
2015 $3,202 $301,667 $0 $0
2014 $3,202 $295,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Savelson

    Seller's Agent in 2017

    Corey Savelson

    Long & Foster

    (301) 602-7073

    1 in this area

    147 Total Sales

    Corey Savelson
    Section Image
  • Greg Miele

    Buyer's Agent in 2017

    Greg Miele

    Metropol Realty

    (301) 537-5235

    6 Total Sales

    Greg Miele
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002468035

Bright MLS

APN: 09-03089064

Maryland Montgomery County Gaithersburg 20878 Shady Grove

103 Timberbrook Ln Unit 302, Gaithersburg, MD

Not Listed for Sale

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