NOT LISTED FOR SALE

242 N Summit Ave Unit 21 Gaithersburg, MD 20877

Estimated Value: $408,922 - $435,000

3 Beds
2.5 Baths
1,963 Sq Ft
$215/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $305,000 $155 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,865/month

Highlights

  • Breakfast Room
  • Balcony
  • Living Room
  • Stainless Steel Appliances
  • 1 Car Attached Garage
  • 4-minute walk to Constitution Gardens Park

About This Home

As of April 2020

Well cared for 2-level townhouse condo on lower level. Former model home. Open floor plan with gourmet kitchen, upgraded bathrooms, and hard wood floors. Main level offers a relaxing living room, dining room, kitchen, and powder room. Upper floor offers three bedrooms, 2 full bathrooms, and washer/dryer. Master bedroom offers two closets and luxurious bathroom with soak-in tub, separate shower, and double vanity. Another bedroom offers a private balcony. Comes with 1 car garage in the rear plus one driveway parking. Additional street parking on Park Ave. Affordable condo fee of $270 per month includes water/sewer, master insurance, common area maintenance, trash/snow removal, and reserves.Within a 6-minute walk to the Gaithersburg MARC station and provides quick access to DC. Shops, restaurants, schools, and parks are also within walking distance. Bohrer Park (water and skate park) and Aquatics Center nearby. Quick access to Route 355, I-270, and the ICC. Open house this Sunday, March 1 from 2-4pm.

Last Agent to Sell the Property

Yen Le

(240) 893-0210 Yen.le@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 02/26/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Rachel Adler

(301) 503-5036 realtyusa.homes@yahoo.com Realty USA License #SP90494

Realty USA

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,633

Year Built

  • Built in 2008

Lot Details

  • 2,483

HOA Fees

  • $270 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Driveway

Interior Spaces

  • 1,963 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Breakfast Room
  • Home Security System

Kitchen

  • Oven
  • Built-In Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Additional Features

  • Balcony
  • East Facing Home

Listing and Financial Details

  • Assessor Parcel Number 160903629136

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, trash, snow removal, sewer, water, reserve funds, insurance
  • Community Association Services, Inc. Condos, Phone Number (301) 840-1800
  • Summit Crossing Community
  • Summit Crossing Codm Subdivision

Amenities

  • Common Area

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,633

Year Built

Built in 2008

Lot Details

0

HOA Fees

$270 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-02-26
  • Year Built: 2008
  • Remarks Public: Well cared for 2-level townhouse condo on lower level. Former model home. Open floor plan with gourmet kitchen, upgraded bathrooms, and hard wood floors. Main level offers a relaxing living room, dining room, kitchen, and powder room. Upper floor offers three bedrooms, 2 full bathrooms, and washer/dryer. Master bedroom offers two closets and luxurious bathroom with soak-in tub, separate shower, and double vanity. Another bedroom offers a private balcony. Comes with 1 car garage in the rear plus one driveway parking. Additional street parking on Park Ave. Affordable condo fee of $270 per month includes water/sewer, master insurance, common area maintenance, trash/snow removal, and reserves.Within a 6-minute walk to the Gaithersburg MARC station and provides quick access to DC. Shops, restaurants, schools, and parks are also within walking distance. Bohrer Park (water and skate park) and Aquatics Center nearby. Quick access to Route 355, I-270, and the ICC. Open house this Sunday, March 1 from 2-4pm.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven - Single, Refrigerator, Stainless Steel Appliances, Washer
  • Fireplace: No
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Breakfast Room, Laundry, Primary Bathroom, Full Bath, Half Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Upper Floor
  • Total Sq Ft: 1963
  • Living Area Sq Ft: 1963
  • Price Per Sq Ft: 152.78
  • Above Grade Finished Sq Ft: 1963
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 242

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 128.54
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 270.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Community Association Services, Inc.
  • Condo Co-Op Phone: 301-840-1800
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Trash, Snow Removal, Sewer, Water, Reserve Funds, Insurance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 189000.00
  • Land Assessed Value: 81000.00
  • Land Use Code: 011
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2020
  • Zoning: CBD
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14110768
  • Tax Annual Amount: 3633.00
  • Assessor Parcel Number: 160903629136
  • Tax Total Finished Sq Ft: 1963
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/10/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Apr 10, 2020
Sold by
Susi Priscilla I
Bought by
Li Yuan
Seller's Agent
Yen Le
Long & Foster Real Estate, Inc.
Buyer's Agent
Rachel Adler
Realty USA
List Price
$299,900
Sold Price
$305,000
Premium/Discount to List
$5,100
1.7%
Current Estimated Value
$422,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,731
Avg. Annual Appreciation
6.11%
Original Mortgage
$274,500
Outstanding Balance
$242,245
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$180,486

Purchase Details

Closed on
Dec 16, 2008
Sold by
Ba North Summit Llc
Bought by
Susi Priscila I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,517
Interest Rate
6.49%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Li Yuan $305,000 Rgs Title
Susi Priscila I $299,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Yuan $274,500
Previous Owner Susi Priscila I $297,517
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $305,000 +1.7% $155 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $299,900 -- $153 / 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 $4,143 $311,667 -- --
2024 $4,143 $298,333 $0 $0
2023 $4,632 $285,000 $85,500 $199,500
2022 $3,097 $280,000 $0 $0
2021 $3,048 $275,000 $0 $0
2020 $5,926 $270,000 $81,000 $189,000
2019 $5,882 $270,000 $81,000 $189,000
2018 $3,436 $270,000 $81,000 $189,000
2017 $3,045 $270,000 $0 $0
2016 $2,826 $270,000 $0 $0
2015 $2,826 $270,000 $0 $0
2014 $2,826 $270,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Yen Le

    Seller's Agent in 2020

    Yen Le

    Long & Foster

    (240) 893-0210

    1 in this area

    54 Total Sales

    Yen Le
    Section Image
  • Rachel Adler

    Buyer's Agent in 2020

    Rachel Adler

    Realty USA

    (301) 503-5036

    1 in this area

    58 Total Sales

    Rachel Adler
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC694954

Bright MLS

APN: 09-03629136

Maryland Montgomery County Gaithersburg 20877

242 N Summit Ave Unit 21, Gaithersburg, MD

This home is located at 242 N Summit Ave Unit 21, Gaithersburg, MD 20877 since 26 February 2020 and is currently estimated at $422,731, approximately $215 per square foot. This property was built in 2008. 242 N Summit Ave Unit 21 is a home located in Montgomery County with nearby schools including Gaithersburg Elementary School, Gaithersburg Middle School, and Gaithersburg High School.

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