NOT LISTED FOR SALE

303 Palmspring Dr Unit 1 Gaithersburg, MD 20878

Estimated Value: $258,675 - $263,000

2 Beds
1 Bath
864 Sq Ft
$364/mo HOA Fee

Last Sold September 27, 2023

Last sale price $244,000 $282 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,987/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Upgraded Countertops
  • Breakfast Area or Nook
  • Fields Road Elementary School Rated A-
  • Community Pool
  • Stainless Steel Appliances

About This Home

As of September 2023

**BACK ON THE MARKET DUE TO FINANCING** Their loss is your opportunity to own a spacious, lovingly cared for, like new condo featuring fresh bedroom carpet, paint, a galley-style kitchen with brand new stainless steel kitchen appliances, including dishwasher, refrigerator, oven/stove, microwave; newly upgraded quartz counter tops and tile backsplash and pendant lights over the breakfast bar. This condo boasts an oversized primary bedroom with two large closets and a comfortable secondary bedroom and a newly remodeled bathroom. Laundry room with brand new full size washer/dryer and room for extra storage. Tons of open parking. Situated near the Washingtonian Center, Crown, Kentlands, and NIST. Commuters dream, close proximity to metro, MARC, and easy access to I270/I370. With so many shops, restaurants and things to do in the area, there's no end to what you can find here. Community amenities include pool, tennis courts, tot-lot/playground, trash collection, snow removal, water, sewer and exterior maintenance.

Last Agent to Sell the Property

Renee Miller

Viviano Realty License #643042 Listed on: 07/07/2023

Last Buyer's Agent

Sharon Crisafulli

Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,080

Year Built

  • Built in 1987

Lot Details

  • 1,568

HOA Fees

  • $364 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 864 Sq Ft Home
  • Property has 1 Level
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Parking Lot
  • Unassigned Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Playground
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 160902749400

Community Details

Overview

  • Association fees include trash, exterior building maintenance, snow removal, lawn maintenance, sewer, insurance, recreation facility, common area maintenance, pool(s)
  • Low-Rise Condominium
  • Park Summit Condos
  • Park Summit Codm Community
  • Park Summit Codm Subdivision

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,080

Year Built

Built in 1987

Lot Details

0

HOA Fees

$364 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-07
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Stainless Steel Appliances, Dishwasher, Disposal, Exhaust Fan, Refrigerator, Stove, Washer, Dryer
  • Entry Floor: 1
  • Interior Amenities: Upgraded Countertops, Breakfast Area, Kitchen - Island, Combination Dining/Living
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 864
  • Living Area Sq Ft: 864
  • Price Per Sq Ft: 282.99
  • Above Grade Finished Sq Ft: 864
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 303

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: Brick, Vinyl Siding
  • Exterior Features: Play Area, Tennis Court(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: 364.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Summit
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Common Grounds, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Trash, Ext Bldg Maint, Snow Removal, Lawn Maintenance, Sewer, Insurance, Recreation Facility, Common Area Maintenance, Pool(s)
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: FIELDS ROAD
  • Middle School: RIDGEVIEW
  • High School: QUINCE ORCHARD
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Lot Info

  • Land Use Code: U
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Case By Case Basis, Cats Ok, Dogs Ok, Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2080.00
  • Assessor Parcel Number: 160902749400
  • Tax Total Finished Sq Ft: 864
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 09/27/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2006
Sold by
Sokhor Linda
Bought by
Arce Maria Del Pilar
Current Estimated Value
$259,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,477
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2006
Sold by
Sokhor Linda
Bought by
Arce Maria Del Pilar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,477
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2005
Sold by
Puente Fern
Bought by
Sokhor Linda

Purchase Details

Closed on
Nov 20, 2000
Sold by
Barbaro Demetrio
Bought by
Puente Fernando A and Reyes De Puente Estela C
Source: Public Records

Range of Values:

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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
Arce Maria Del Pilar $228,000 --
Arce Maria Del Pilar $228,000 --
Arce Maria Del Pilar $228,000 --
Arce Maria Del Pilar $228,000 --
Sokhor Linda $160,000 --
Puente Fernando A $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arce Maria Dell Pilar $201,461
Closed Arce Maria Del Pilar $224,477
Closed Arce Maria Del Pilar $224,477
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $244,000 -0.2% $282 / Sq Ft
08/24/2023 08/24/23 For Sale $244,500 0.0% $283 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/17/2023 07/17/23 Price Changed $244,500 -1.4% $283 / Sq Ft
07/07/2023 07/07/23 For Sale $248,000 -- $287 / 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 $2,489 $208,333 -- --
2024 $2,489 $186,667 $0 $0
2023 $2,888 $165,000 $49,500 $115,500
2022 $2,015 $160,000 $0 $0
2021 $1,333 $155,000 $0 $0
2020 $2,527 $150,000 $45,000 $105,000
2019 $1,269 $150,000 $45,000 $105,000
2018 $1,275 $150,000 $45,000 $105,000
2017 $1,386 $165,000 $0 $0
2016 $1,398 $155,000 $0 $0
2015 $1,398 $145,000 $0 $0
2014 $1,398 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2096382

Bright MLS

APN: 09-02749400