NOT LISTED FOR SALE

103 Timberbrook Ln Unit 302 Gaithersburg, MD 20878

Shady Grove Neighborhood

Estimated Value: $424,000 - $463,000

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. 53% increase in value since last sale

Current estimated payment $2,949/month

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
  • Remarks Public: ***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!
  • 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
  • Street Number Modifier: 103

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

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: FIELDS ROAD
  • Middle School: RIDGEVIEW
  • High School: QUINCE ORCHARD
  • School District Key: 121138126809
  • 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
  • Year Assessed: 2016
  • 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
  • Tax Total Finished Sq Ft: 1834
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 01/18/2017

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
$442,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,510
Avg. Annual Appreciation
4.65%
Original Mortgage
$260,550
Interest Rate
4.3%
Mortgage Type
New Conventional

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:

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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 Ramineni Venkat $276,000
Closed Ramimeni Venkat $260,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    146 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

This home is located at 103 Timberbrook Ln Unit 302, Gaithersburg, MD 20878 since 21 October 2016 and is currently estimated at $442,010, approximately $241 per square foot. This property was built in 1995. 103 Timberbrook Ln Unit 302 is a home located in Montgomery County with nearby schools including Fields Road Elementary School, Ridgeview Middle School, and Quince Orchard High School.

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