NOT LISTED FOR SALE

301 Palmspring Dr Unit 10 Gaithersburg, MD 20878

Estimated Value: $239,852 - $279,000

2 Beds
2 Baths
964 Sq Ft
$340/mo HOA Fee

Last Sold May 13, 2019

Last sale price $195,000 $202 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,934/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • Community Pool
  • Living Room
  • Fields Road Elementary School Rated A-
  • Tennis Courts
  • Laundry Room

About This Home

As of May 2019

Rarely available 2-bedroom 2-bath condo with balcony overlooking the courtyard. Condo offers laundry room with full size washer & dryer, updated kitchen, private balcony, open floor plan. Community swimming pool, tennis courts & playground close by. Ideally located close to RIO, Crown, I-270 & ICC.

Last Agent to Sell the Property

Greg Ford

(301) 706-3388 gregford@jpar.net JPAR Preferred Properties License #0225074400 Listed on: 04/12/2019

JPAR Preferred Properties

Last Buyer's Agent

Russell Brazil

(301) 893-4635 russell@russellbrazil.com RLAH @properties

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,094

Year Built

  • Built in 1987

Lot Details

  • 1,786

HOA Fees

  • $340 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • 964 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Off-Street Parking
  • Unassigned Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160902714172

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, lawn maintenance, management, pool(s), reserve funds, snow removal, trash, water
  • Low-Rise Condominium
  • Park Summit Codm Community
  • Park Summit Codm Subdivision

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,094

Year Built

Built in 1987

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 4/12/2019 12:00:00 AM
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry, Bathroom 2, Primary Bathroom
  • Basement: No
  • Total Sq Ft: 964
  • Living Area Sq Ft: 964
  • Price Per Sq Ft: 197.10
  • Above Grade Finished Sq Ft: 964
  • 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, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • 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: 340.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Lot Info

  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2094.00
  • Assessor Parcel Number: 160902714172
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
May 13, 2019
Sold by
Mccarty Karina and Gomez Karina
Bought by
Saba Ahmed Adeel and Saba Ahmed
Seller's Agent
Greg Ford
JPAR Preferred Properties
Buyer's Agent
Russell Brazil
RLAH @properties
List Price
$190,000
Sold Price
$195,000
Premium/Discount to List
$5,000
2.63%
Current Estimated Value
$261,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,713
Avg. Annual Appreciation
4.59%
Original Mortgage
$146,250
Outstanding Balance
$128,322
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$133,391

Purchase Details

Closed on
Apr 9, 2009
Sold by
American Home Mortgage
Bought by
Gomez Karina

Purchase Details

Closed on
May 11, 2006
Sold by
Green Shelley R
Bought by
St Paul Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 25, 2006
Sold by
Green Shelley R
Bought by
St Paul Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 25, 2005
Sold by
Warfield Donna M
Bought by
Green Shelley R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Saba Ahmed Adeel $195,000 Rgs Title Llc
Gomez Karina $150,000 --
American Home Mortgage $206,528 --
St Paul Katherine M $240,100 --
St Paul Katherine M $240,100 --
Green Shelley R $200,790 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saba Ahmed Adeel $146,250
Previous Owner St Paul Katherine M $50,000
Previous Owner St Paul Katherine M $190,100
Previous Owner St Paul Katherine M $190,100
Previous Owner Green Shelley R $160,000
Previous Owner Green Shelley R $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2019 05/13/19 Sold $195,000 0.0% $202 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/15/2019 04/15/19 Off Market $195,000 -- --
04/12/2019 04/12/19 For Sale $190,000 -- $197 / 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 $2,597 $205,000 -- --
2024 $2,597 $195,000 $0 $0
2023 $2,455 $185,000 $55,500 $129,500
2022 $2,290 $176,667 $0 $0
2021 $2,194 $168,333 $0 $0
2020 $2,081 $160,000 $48,000 $112,000
2019 $2,088 $160,000 $48,000 $112,000
2018 $1,403 $160,000 $48,000 $112,000
2017 $1,583 $180,000 $0 $0
2016 $1,585 $170,000 $0 $0
2015 $1,585 $160,000 $0 $0
2014 $1,585 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Ford

    Seller's Agent in 2019

    Greg Ford

    JPAR Preferred Properties

    (301) 706-3388

    3 in this area

    74 Total Sales

    Greg Ford
    Section Image
  • Russell Brazil

    Buyer's Agent in 2019

    Russell Brazil

    Real Living at Home

    (301) 893-4635

    1 in this area

    133 Total Sales

    Russell Brazil
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC651796

Bright MLS

APN: 09-02714172

Maryland Montgomery County Gaithersburg 20878

301 Palmspring Dr Unit 10, Gaithersburg, MD

Not Listed for Sale

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