NOT LISTED FOR SALE

407 Palmspring Dr Gaithersburg, MD 20878

Estimated Value: $448,000 - $464,000

3 Beds
2.5 Baths
1,582 Sq Ft
$287/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $350,000 $221 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,899/month

6 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Tennis Courts
  • Fields Road Elementary School Rated A-
  • Community Pool
  • Central Air

About This Home

As of August 2021

This beautiful and well-maintained 3-bedroom townhome with two full and one half bath is located in the highly sought after Park Summit community. This lovely home is freshly painted and have hardwood flooring on all levels. The warm and inviting entryway opens to the kitchen with adjacent open-concept dining and living areas. The kitchen offers large cabinets with plenty of storage. The upper level includes two bedrooms with a full bathroom and a laundry room. The top level has a huge master bedroom with skylight and Jacuzzi tub in the master bathroom. Enjoy morning coffee on the spacious front deck. Park Summit offers convenience unlike other locations in Montgomery County. This home is just blocks from many amenities--including Kentland, Crown, and Rio. Upgrades include Water Heater (Jan 2021), HVAC (Aug 2020), Roof (2014) and Washer (2017). This unit has been lovingly maintained and will not disappoint. Come see it before it's gone!

Last Agent to Sell the Property

Deepak Nathani

EXP Realty, LLC License #5003698 Listed on: 07/14/2021

EXP Realty, LLC

Last Buyer's Agent

Brooke Steinhoff

LPT Realty, LLC

LPT Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,433

Year Built

  • Built in 1986

Lot Details

  • 1,240 Sq Ft Lot

HOA Fees

  • $94 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,582 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Laundry on upper level

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 160902435023

Community Details

Overview

  • Association fees include common area maintenance, trash
  • Park Summit Codm Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,433

Year Built

Built in 1986

Lot Details

0

HOA Fees

$94 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Upper Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1582
  • Living Area Sq Ft: 1582
  • Price Per Sq Ft: 221.24
  • Above Grade Finished Sq Ft: 1582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 407

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: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 128.54
  • 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

  • HOA Fees: 94.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

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: 011
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1240.00
  • Year Assessed: 2021
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3433.00
  • Assessor Parcel Number: 160902435023
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 1582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/26/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 26, 2021
Sold by
Mehta Ajit C and Mehta Divya A
Bought by
Zhou Jun Hua
Seller's Agent
Deepak Nathani
EXP Realty, LLC
Buyer's Agent
Brooke Steinhoff
LPT Realty, LLC
List Price
$349,999
Sold Price
$350,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$446,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,379
Avg. Annual Appreciation
5.67%
Original Mortgage
$280,000
Outstanding Balance
$257,540
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$178,191

Purchase Details

Closed on
Apr 7, 1999
Sold by
Dell R R and Dell Burkey M
Bought by
A Ajit C and A Mehta D
Source: Public Records

Range of Values:

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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
Zhou Jun Hua $350,000 Gpn Title Inc
A Ajit C $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Jun Hua $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $350,000 0.0% $221 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $349,999 -- $221 / 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
2024 $4,330 $317,333 $0 $0
2023 $4,743 $298,200 $120,000 $178,200
2022 $3,152 $288,733 $0 $0
2021 $7,478 $279,267 $0 $0
2020 $6,867 $269,800 $120,000 $149,800
2019 $3,434 $258,600 $0 $0
2018 $3,149 $247,400 $0 $0
2017 $3,108 $236,200 $0 $0
2016 -- $231,967 $0 $0
2015 $3,517 $227,733 $0 $0
2014 $3,517 $223,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2005084

Bright MLS

APN: 09-02435023