NOT LISTED FOR SALE

425 Palmspring Dr Gaithersburg, MD 20878

Estimated Value: $441,000 - $464,000

3 Beds
2.5 Baths
1,582 Sq Ft
$285/Sq Ft Est. Value

Last Sold April 17, 2012

Last sale price $235,000 $149 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,854/month

16 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Open Floorplan
  • Community Pool
  • Fields Road Elementary School Rated A-
  • Traditional Architecture
  • Tennis Courts

About This Home

As of April 2012

PRICE-LOCATION, 2012 RENOVATION!!! 3 Bedroom, 2.5 Baths 3 level home.NEW NEVER USED GOURMET KITCHEN,2.5 BATHS, FIRST LEVEL WOOD FLOORING, 2ND & 3RD LEVEL CARPET. HUGE MASTER SUITE 3RD LEVEL. Short walk to community pool, tennis, and tot lots. On public bus line, short drive or bus ride to Metro Rail, Gaith.Train, I270 Great schools, near shopping, recreation, and food.

Last Agent to Sell the Property

Thomas Lanigan

RE/MAX Realty Services License #502374 Listed on: 03/14/2012

RE/MAX Realty Services

Last Buyer's Agent

David Hu

Samson Properties

Samson Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1986 | Remodeled in 2012

Lot Details

  • 1,200 Sq Ft Lot
  • Two or More Common Walls
  • North Facing Home
  • Board Fence
  • Landscaped
  • The property's topography is level
  • Property is in very good condition

HOA Fees

  • $81 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Back-to-Back Home
  • Slab Foundation
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Six Panel Doors
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Handicap Parking
  • Free Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Entry Slope Less Than 1 Foot
  • Energy-Efficient Appliances
  • Patio

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 26
  • Assessor Parcel Number 160902435240

Community Details

Overview

  • Association fees include management, insurance, pool(s), reserve funds, road maintenance, snow removal, trash
  • Park Summit Codm Subdivision
  • The community has rules related to commercial vehicles not allowed

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Storm Doors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,438

Year Built

Built in 1986 | Remodeled in 2012

Lot Details

0

HOA Fees

$81 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional, Back-To-Back
  • Accessibility Features: Entry Slope <1'
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1986
  • Year Renovated: 2012
  • Remarks Public: PRICE-LOCATION, 2012 RENOVATION!!! 3 Bedroom, 2.5 Baths 3 level home.NEW NEVER USED GOURMET KITCHEN,2.5 BATHS, FIRST LEVEL WOOD FLOORING, 2ND & 3RD LEVEL CARPET. HUGE MASTER SUITE 3RD LEVEL. Short walk to community pool, tennis, and tot lots. On public bus line, short drive or bus ride to Metro Rail, Gaith.Train, I270 Great schools, near shopping, recreation, and food.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Microwave, Oven - Single, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Dining Area, Kitchen - Gourmet, Kitchen - Table Space, Kitchen - Eat-In, Primary Bath(s), Window Treatments, Floor Plan - Open, Floor Plan - Traditional
  • Window Features: Double Pane, Insulated
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Six Panel, Storm
  • Wall Ceiling Types: Dry Wall
  • Entry Location: Foyer
  • Foundation Details: Slab, Concrete Perimeter
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 425

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • 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

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Road Surface Type: Access - Above Grade, Black Top
  • Roof: Fiberglass
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free, Handicap Parking, Unassigned

Utilities

  • Refuse: 121.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 81.30
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Commercial Vehicles Prohibited, Pets - Allowed, Pets - Area
  • HOA: Yes

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Fencing: Board
  • Improvement Assessed Value: 114150.00
  • Land Assessed Value: 150000.00
  • Lot Features: Landscaping
  • Lot Size Acres: 0.03
  • Lot Size Area: 1200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1200.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Soil Types: Clay
  • Topography: Level
  • Year Assessed: 2011
  • Zoning: R20
  • In City Limits: Yes

Green Features

  • Green Water Conservation: Low-Flow Fixtures

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13968048
  • Tax Annual Amount: 3438.22
  • Assessor Parcel Number: 160902435240
  • Tax Lot: 26
  • Tax Total Finished Sq Ft: 1582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 04/17/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Chao Susan
Bought by
Chao Robert B and Williams Christina M
Current Estimated Value
$443,560

Purchase Details

Listed on
Mar 14, 2012
Closed on
Apr 17, 2012
Sold by
Lanigan Mary A
Bought by
Chao Susan
Seller's Agent
Thomas Lanigan
RE/MAX Realty Services
Buyer's Agent
David Hu
Samson Properties
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%

Purchase Details

Closed on
Feb 13, 2007
Sold by
Lanigan Grace M Trust
Bought by
Lanigan Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Chao Robert B -- Landmark Title
Chao Susan $235,000 Old Reoublic Title
Lanigan Mary A $52,941 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lanigan Mary A $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2012 04/17/12 Sold $235,000 +4.4% $149 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $225,000 -- $142 / 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 $4,135 $302,333 $0 $0
2023 $2,315 $289,500 $120,000 $169,500
2022 $3,038 $279,667 $0 $0
2021 $2,781 $269,833 $0 $0
2020 $2,781 $260,000 $120,000 $140,000
2019 $2,627 $249,567 $0 $0
2018 $3,043 $239,133 $0 $0
2017 $3,011 $228,700 $0 $0
2016 -- $224,767 $0 $0
2015 $3,438 $220,833 $0 $0
2014 $3,438 $216,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Lanigan

    Seller's Agent in 2012

    Thomas Lanigan

    RE/MAX

    (301) 938-0206

    3 Total Sales

    Section Image
  • David Hu

    Buyer's Agent in 2012

    David Hu

    Samson Properties

    (703) 622-1152

    1 in this area

    72 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003894110

Bright MLS

APN: 09-02435240

Maryland Montgomery County Gaithersburg 20878

425 Palmspring Dr, Gaithersburg, MD

This home is located at 425 Palmspring Dr, Gaithersburg, MD 20878 since 14 March 2012 and is currently estimated at $450,334, approximately $284 per square foot. This property was built in 1986. 425 Palmspring Dr is a home located in Montgomery County with nearby schools including Fields Road Elementary School, Ridgeview Middle School, and Quince Orchard High School.

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