407 Palmspring Dr Gaithersburg, MD 20878
Estimated Value: $422,922 - $455,000
3
Beds
2.5
Baths
1,582
Sq Ft
$275/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- 1 Fireplace
- Tennis Courts
- Fields Road Elementary School Rated A-
- Community Pool
- Central Air
About This Home
As of August 2021This 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
EXP Realty, LLC License #5003698 Listed on: 07/14/2021
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
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%
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,731
Avg. Annual Appreciation
5.98%
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
Similar Homes in Gaithersburg, MD
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Home Values in the Area
Average Home Value in this Area
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
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
-
Deepak Nathani
Seller's Agent in 2021
Deepak Nathani
EXP Realty, LLC
(410) 775-8140
7 in this area
157 Total Sales
-
Brooke Steinhoff
B
Buyer's Agent in 2021
Brooke Steinhoff
LPT Realty, LLC
(740) 816-7832
1 in this area
29 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2005084
APN: 09-02435023
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