NOT LISTED FOR SALE

16418 Keats Terrace Derwood, MD 20855

Estimated Value: $545,000 - $684,587

3 Beds
2 Baths
2,262 Sq Ft
$273/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $503,000 $222 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,860/month

6 Days on Market

Highlights

  • View of Trees or Woods
  • 1.94 Acre Lot
  • Recreation Room
  • Candlewood Elementary School Rated A
  • Secluded Lot
  • Wooded Lot

About This Home

As of April 2023

If you love serenity, nature, and beautiful views, this opportunity is for you! This well-loved, charming, 1920s bungalow is ready for your renovations, imagination, and improvements. CHECK OUT THE AERIAL VIRTUAL TOUR! The bucolic oasis beckons you each morning where you can watch the birds, trees, and wildlife, while sipping coffee through the expanse of windows from your kitchen table or front porch. The inviting kitchen has a stainless steel refrigerator, dishwasher, garbage disposer, plenty of storage, and ample counter space. The large porch runs the length of the front of the home for ultimate relaxation and great views. Original hardwoods are throughout the main living level. Laundry is on the main level and there is ample storage throughout the home. The property has an unfinished cellar, as well as a finished recreation room with adjacent storage room, and rear porch. In colder weather, gather around the fireplace that boasts a lovely wooden mantel and architectural detail in the living room. The large yard has a fenced-in area, mature landscaping, and the two parking pads provide parking for four cars. Additional private access to the property is off of the rear of the lot off of Kipling Road. The bungalow boasts three bedrooms, two full baths, a bonus den that can be used as an office, and a finished recreation room. Outdoor recreation is close including access to trails through Rock Creek Park, Lake Needwood, Needwood Golf Course, Rockville Ice Arena and more. Minutes to Rockville, Gaithersburg, The Rio, Aspen Hill, Olney, and DC. Commuting is a breeze with a 7 minute drive to Shady Grove Metro Kiss and Ride, close to bus lines, and close to ICC, 95 and other major highways. Access to the property is on a shared driveway. Zoned for Montgomery County Schools. New Water Heater (2022), well gauge and pressure release valve (2022), new well pump (2021), Septic pumped (2013). Property is on septic, well, and oil. Property, fencing, and structures all sold strictly as-is. Pre-listing inspection report available.

Last Agent to Sell the Property

Heidi S. Hawkins

Coldwell Banker Realty License #SP98373983 Listed on: 03/13/2023

Coldwell Banker Realty

Last Buyer's Agent

Ana Rubio

Whiteman Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,976

Year Built

  • Built in 1920

Lot Details

  • 1.94 Acre Lot
  • Chain Link Fence
  • Landscaped
  • Secluded Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Back, Front, and Side Yard
  • Property is in average condition
  • Property is zoned R200

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Fireplace Mantel
  • Double Pane Windows
  • Window Treatments
  • Sliding Doors
  • Living Room
  • Den
  • Recreation Room
  • Storage Room
  • Views of Woods

Kitchen

  • Country Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 4 Parking Spaces
  • Shared Driveway

Outdoor Features

  • Screened Patio
  • Shed
  • Play Equipment
  • Porch

Location

  • Suburban Location

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Candlewood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160400054241

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,976

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-03-13
  • Federal Flood Zone: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: If you love serenity, nature, and beautiful views, this opportunity is for you! This well-loved, charming, 1920s bungalow is ready for your renovations, imagination, and improvements. CHECK OUT THE AERIAL VIRTUAL TOUR! The bucolic oasis beckons you each morning where you can watch the birds, trees, and wildlife, while sipping coffee through the expanse of windows from your kitchen table or front porch. The inviting kitchen has a stainless steel refrigerator, dishwasher, garbage disposer, plenty of storage, and ample counter space. The large porch runs the length of the front of the home for ultimate relaxation and great views. Original hardwoods are throughout the main living level. Laundry is on the main level and there is ample storage throughout the home. The property has an unfinished cellar, as well as a finished recreation room with adjacent storage room, and rear porch. In colder weather, gather around the fireplace that boasts a lovely wooden mantel and architectural detail in the living room. The large yard has a fenced-in area, mature landscaping, and the two parking pads provide parking for four cars. Additional private access to the property is off of the rear of the lot off of Kipling Road. The bungalow boasts three bedrooms, two full baths, a bonus den that can be used as an office, and a finished recreation room. Outdoor recreation is close including access to trails through Rock Creek Park, Lake Needwood, Needwood Golf Course, Rockville Ice Arena and more. Minutes to Rockville, Gaithersburg, The Rio, Aspen Hill, Olney, and DC. Commuting is a breeze with a 7 minute drive to Shady Grove Metro Kiss and Ride, close to bus lines, and close to ICC, 95 and other major highways. Access to the property is on a shared driveway. Zoned for Montgomery County Schools. New Water Heater (2022), well gauge and pressure release valve (2022), new well pump (2021), Septic pumped (2013). Property is on septic, well, and oil. Property, fencing, and structures all sold strictly as-is. Pre-listing inspection report available.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Flooring Type: Hardwood, Partially Carpeted, Vinyl, Concrete
  • Interior Amenities: Kitchen - Country, Window Treatments, Wood Floors
  • Window Features: Double Pane, Storm
  • Fireplace Features: Mantel(s), Screen, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm, Sliding Glass
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Basement, Office, Recreation Room, Storage Room, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Outside Entrance, Full
  • Laundry Type: Dryer In Unit, Has Laundry, Main Floor, Washer In Unit
  • Total Sq Ft: 2838
  • Living Area Sq Ft: 2262
  • Price Per Sq Ft: 281.73
  • Above Grade Finished Sq Ft: 1686
  • Below Grade Finished Sq Ft: 576
  • Below Grade Sq Ft: 576
  • Total Below Grade Sq Ft: 1152
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16418

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Shingle Siding
  • Exterior Features: Play Equipment
  • Roof: Composite
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Shared Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Refuse: 191.00
  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Sewer/Septic System: Septic Exists
  • Utilities: Electric Available
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Chain Link
  • Improvement Assessed Value: 81670.00
  • Land Assessed Value: 101120.00
  • Lot Features: Trees/Wooded, Backs To Trees, Front Yard, Landscaping, Rear Yard, Secluded, Sideyard(s)
  • Lot Size Acres: 1.94
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 84506.00
  • Outdoor Living Structures: Porch(es), Screened
  • Property Condition: Average
  • Year Assessed: 1995
  • Zoning: R200
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13807324
  • Tax Annual Amount: 1976.00
  • Assessor Parcel Number: 160400054241
  • County Tax Payment Frequency: Annually
  • Tax Year: 1995
  • Close Date: 04/20/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Apr 20, 2023
Sold by
Migliorini Thomas E
Bought by
Nixon Carmen Elena and Rochi Fernando Ruben
Seller's Agent
Heidi S. Hawkins
Coldwell Banker Realty
Buyer's Agent
Ana Rubio
Whiteman Real Estate, LLC
List Price
$475,000
Sold Price
$503,000
Premium/Discount to List
$28,000
5.89%
Views
81
Current Estimated Value
$617,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,897
Avg. Annual Appreciation
7.46%
Original Mortgage
$427,550
Outstanding Balance
$416,809
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$178,464

Purchase Details

Closed on
Aug 13, 1996
Sold by
Davis Donald P and Davis M Davis C
Bought by
M Thomas E and M Migliorini M
Source: Public Records

Range of Values:

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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
Nixon Carmen Elena $503,000 Tradition Title
M Thomas E $194,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nixon Carmen Elena $427,550
Previous Owner Migliorini Thomas E $298,000
Previous Owner Migliorini Thomas E $342,174
Previous Owner Migliorini Thomas E $350,000
Previous Owner Migliorini Thomas E $100,000
Previous Owner Migliorini Thomas E $100,000
Previous Owner Migliorini Thomas E $350,000
Previous Owner Migliorini Thomas E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $503,000 0.0% $222 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/20/2023 03/20/23 Off Market $503,000 -- --
03/13/2023 03/13/23 For Sale $475,000 -- $210 / 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 $5,928 $452,167 -- --
2024 $5,928 $433,233 $0 $0
2023 $6,357 $414,300 $318,700 $95,600
2022 $4,666 $410,000 $0 $0
2021 $4,395 $405,700 $0 $0
2020 $4,395 $401,400 $318,700 $82,700
2019 $4,308 $396,433 $0 $0
2018 $4,235 $391,467 $0 $0
2017 $4,251 $386,500 $0 $0
2016 -- $374,633 $0 $0
2015 $4,535 $362,767 $0 $0
2014 $4,535 $350,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2084696

Bright MLS

APN: 04-00054241