NOT LISTED FOR SALE

301 Palmspring Dr Gaithersburg, MD 20878

Estimated Value: $236,400 - $261,000

2 Beds
1 Bath
900 Sq Ft
$288/mo HOA Fee

Last Sold March 31, 2018

Last sale price $165,000 $183 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,811/month

155 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Community Pool
  • Fields Road Elementary School Rated A-
  • Wood Flooring
  • Tennis Courts

About This Home

As of March 2018

2 Bedroom Condo in Desirable location. Close to Crown, Rio, 270, I200 and 495. Updated and renovated in 2015. Hardwood flooring in the main traffic ares, bedrooms are carpeted. All new appliances... Full size washer/dryer in a separate laundry room. New heat pump and new hot water heater.. Ready for the new owner .. Make your appointment now!

Last Agent to Sell the Property

Debra Mead

(301) 963-0939 rollinmead@gmail.com Rollinmead Realty, Inc. Listed on: 09/06/2017

Last Buyer's Agent

Francisco Quispe

(240) 793-2170 francisco.quispe@lnf.com Long & Foster Real Estate, Inc. License #534502

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,078

Year Built

  • Built in 1987

Lot Details

  • Property is in very good condition

HOA Fees

  • $288 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Front Loading Dryer
  • Washer

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160902714081

Community Details

Overview

  • Association fees include exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, insurance, parking fee, pool(s), recreation facility, road maintenance, snow removal, sewer, 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

$2,078

Year Built

Built in 1987

Lot Details

0

HOA Fees

$288 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: 2017-09-06
  • Year Built: 1987
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Dryer - Front Loading, Water Heater
  • Interior Amenities: Combination Dining/Living, Window Treatments, Wood Floors, Floor Plan - Open
  • Window Features: Energy Star Qualified
  • Fireplace: No
  • Entry Location: 1st Floor
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 183.33
  • Above Grade Finished Sq Ft: 900
  • 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
  • Construction Materials: Combination, Brick
  • Pool Private: No
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 288.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Insurance, Parking Fee, Pool(s), Recreation Facility, Road Maintenance, Snow Removal, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 115500.00
  • Land Assessed Value: 49500.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13971379
  • Tax Annual Amount: 2077.69
  • Assessor Parcel Number: 160902714081
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
Mar 28, 2018
Sold by
Gonzalez Carlos and Roncagliolo Giorga
Bought by
Escobar Alejandrina and Escobar Erick A
Seller's Agent
Debra Mead
Rollinmead Realty, Inc.
Buyer's Agent
Francisco Quispe
Long & Foster Real Estate, Inc.
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%
Current Estimated Value
$251,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,350
Avg. Annual Appreciation
5.64%
Original Mortgage
$160,050
Outstanding Balance
$137,704
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$113,646

Purchase Details

Closed on
Aug 29, 2005
Sold by
Tolbert Lynda E
Bought by
Gonzalez Carlos and Giorgia Roncagliolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,750
Interest Rate
5.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 11, 2005
Sold by
Tolbert Lynda E
Bought by
Gonzalez Carlos and Giorgia Roncagliolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,750
Interest Rate
5.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 19, 2001
Sold by
Bell Terry A
Bought by
Tolbert Lynda E
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
Escobar Alejandrina $165,000 None Available
Gonzalez Carlos $199,000 --
Gonzalez Carlos $199,000 --
Tolbert Lynda E $77,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Alejandrina $160,050
Previous Owner Gonzalez Carlos $49,750
Previous Owner Gonzalez Carlos $139,300
Previous Owner Gonzalez Carlos $139,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2018 03/31/18 Sold $165,000 0.0% $183 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
10/04/2017 10/04/17 Price Changed $165,000 -2.9% $183 / Sq Ft
09/06/2017 09/06/17 For Sale $170,000 0.0% $189 / Sq Ft
08/31/2017 08/31/17 Price Changed $170,000 -5.5% $189 / Sq Ft
08/28/2017 08/28/17 Price Changed $179,900 0.0% $200 / Sq Ft
06/25/2015 06/25/15 Rented $1,425 +2.2% --
06/25/2015 06/25/15 Under Contract -- -- --
05/20/2015 05/20/15 For Rent $1,395 -- --
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 $2,402 $195,000 -- --
2024 $2,402 $180,000 $0 $0
2023 $2,196 $165,000 $49,500 $115,500
2022 $2,080 $160,000 $0 $0
2021 $2,025 $155,000 $0 $0
2020 $1,955 $150,000 $45,000 $105,000
2019 $1,961 $150,000 $45,000 $105,000
2018 $1,967 $150,000 $45,000 $105,000
2017 $2,078 $165,000 $0 $0
2016 -- $155,000 $0 $0
2015 $2,090 $145,000 $0 $0
2014 $2,090 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000056377

Bright MLS

APN: 09-02714081