$225,000

301 Palmspring Dr Unit 7 Gaithersburg, MD 20878

Gaithersburg Area

Estimated payment $1,942/month

2 Beds
1 Bath
964 Sq Ft
$233 Price per Sq Ft

Highlights

  • Community Pool
  • Sliding Doors
  • Dogs and Cats Allowed
  • Soaking Tub
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

This property is owned by HUD (Case #249-504715). FHA Financing: IE (Insured Escrow). The property is sold strictly in AS-IS condition and is managed by K.M. Minemier & Associates, LLC. The seller will make no repairs, and no repairs may be completed prior to closing. Purchaser inspections are for informational purposes only. The seller may offer up to 3% closing cost assistance. Any ground rent must be verified by the buyer. Showing agents must sign the physical sign-in sheet at the property for every showing. Bids may only be submitted by HUD-registered agents/agencies through HUDHomeStore.gov. All bidding deadlines and disclosures can be reviewed online at HUDHomeStore.gov prior to placing a bid. All offers will be considered. Equal Housing Opportunity. The property features 2 bedrooms and 2 bathrooms, along with a spacious living room and kitchen. This is a great opportunity for a first-time homebuyer, someone looking to downsize, or an investor seeking a promising property. Listing Period: Owner-occupants, nonprofit organizations, and government agencies only.

Listing Agent

Rita Young

(301) 983-0200 kelly.nicklas@cbmove.com Coldwell Banker Realty Brokerage Phone: 3019830200 Listed on: 08/19/2026

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1987

Lot Details

  • Property is in average condition

HOA Fees

  • $480 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 964 Sq Ft Home
  • Property has 1 Level
  • Sliding Doors
  • Carpet

Kitchen

  • Oven
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Public Parking
  • Parking Lot
  • Unassigned Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160902714148

Community Details

Overview

  • Association fees include water, trash, snow removal, road maintenance, pool(s), parking fee, lawn maintenance, insurance, exterior building maintenance
  • Building Winterized
  • Low-Rise Community
  • Vanguard Management Condos
  • Park Summit Codm Community
  • Park Summit Codm Subdivision

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,696

Year Built

Built in 1987

Lot Details

1,742 Sq Ft Lot

HOA Fees

$480 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1987
  • Building Winterized: Yes
  • Washer Dryer Hookups YN: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer, Oven - Single, Exhaust Fan
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Bathroom - Tub Shower, Bathroom - Soaking Tub
  • Fireplace: No
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 964
  • Living Area Sq Ft: 964
  • Price Per Sq Ft: 233.40
  • Above Grade Finished Sq Ft: 964
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public, Unassigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 29.76
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Phone Connected
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 480.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Vanguard Management
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Water, Trash, Snow Removal, Road Maintenance, Pool(s), Parking Fee, Lawn Maintenance, Insurance, Ext Bldg Maint
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Horses: No
  • Property Condition: Average
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2696.00
  • Assessor Parcel Number: 160902714148
  • County Tax Payment Frequency: Annually
  • Tax Year: 2026

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30 $205,000
2024 $2,557 $195,000
2023 $1,723 $185,000 $55,500 $129,500
2022 $2,225 $176,667 $0 $0
2021 $1,455 $168,333 $0 $0
2020 $16 $160,000 $48,000 $112,000
2019 $183 $160,000 $48,000 $112,000
2018 $178 $160,000 $48,000 $112,000
2017 $1,559 $180,000 $0 $0
2016 -- $170,000 $0 $0
2015 $1,350 $160,000 $0 $0
2014 $1,350 $150,000 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/19/2026 08/19/26 For Sale $225,000 -- $233 / Sq Ft
Source: Bright MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed In Lieu Of Foreclosure $265,207 Etitle Agency
Deed $139,900 --
Deed $75,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $370,500 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Bright MLS

MLS Number: MDMC2251978

Bright MLS

APN: 09-02714148

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