NOT LISTED FOR SALE

429 Palmspring Dr Gaithersburg, MD 20878

Estimated Value: $449,000 - $475,000

3 Beds
2.5 Baths
1,582 Sq Ft
$291/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $334,000 $211 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,953/month

13 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Community Pool
  • Fields Road Elementary School Rated A-
  • Attic
  • Breakfast Area or Nook

About This Home

As of September 2020

This 1582 sq ft house is right in the middle of everything in Gaithersburg. It is only a mile from Rio, Downtown Crown, 270, ICC, Shady Grove Metro. It is energy efficient with low monthly utility bills, recently installed Pella windows, roof, and quiet HVAC. The house is well maintained and comes with new carpet, refrigerator, stove and updated dishwasher. There is unlimited, unassigned parking. The front door opens to common green space free from traffic and offering a nice view and just a few steps from the playground and pool. The house has 2 Full bathrooms, and a powder room on the fist level which many units don't have. The second floor features the laundry room, two large second floor bedrooms and a full bath. The third level has a HUGE top story master bedroom with en suite.

Last Agent to Sell the Property

Patricia Wills

Long & Foster Real Estate, Inc. Listed on: 08/18/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Daan De Raedt

RE/MAX Allegiance

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,319

Year Built

  • Built in 1986

Lot Details

  • 1,200 Sq Ft Lot
  • Wood Fence
  • Front Yard

HOA Fees

  • $93 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Back-to-Back Home
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,582 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Double Hung Windows
  • Six Panel Doors
  • Combination Dining and Living Room
  • Carpet
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Parking

  • Free Parking
  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Patio
  • Playground

Schools

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

Utilities

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

Additional Features

  • Level Entry For Accessibility
  • Energy-Efficient Appliances

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 160902435227

Community Details

Overview

  • Association fees include insurance, management, pool(s), reserve funds, road maintenance, snow removal, trash
  • Park Summit HOA
  • Park Summit Codm Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,319

Year Built

Built in 1986

Lot Details

0

HOA Fees

$93 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Back-To-Back, Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2020-08-19
  • Year Built: 1986
  • Automatically Close On Close Date: Yes
  • Remarks Public: This 1582 sq ft house is right in the middle of everything in Gaithersburg. It is only a mile from Rio, Downtown Crown, 270, ICC, Shady Grove Metro. It is energy efficient with low monthly utility bills, recently installed Pella windows, roof, and quiet HVAC. The house is well maintained and comes with new carpet, refrigerator, stove and updated dishwasher. There is unlimited, unassigned parking. The front door opens to common green space free from traffic and offering a nice view and just a few steps from the playground and pool. The house has 2 Full bathrooms, and a powder room on the fist level which many units don't have. The second floor features the laundry room, two large second floor bedrooms and a full bath. The third level has a HUGE top story master bedroom with en suite.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
  • Interior Amenities: Attic, Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Primary Bath(s)
  • Window Features: Double Hung
  • Fireplace: No
  • Door Features: Six Panel
  • Levels Count: 3
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Laundry, Bathroom 1, Primary Bathroom, Half Bath
  • Basement: No
  • Total Sq Ft: 1582
  • Living Area Sq Ft: 1582
  • Price Per Sq Ft: 211.06
  • Above Grade Finished Sq Ft: 1582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 429

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
  • Exterior Features: Sidewalks, Tennis Court(s), Play Area
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Free
  • Type Of Parking: On 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), Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 93.25
  • 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: Insurance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash
  • HOA Name: PARK SUMMIT
  • HOA: Yes
  • Senior Community: 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: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Wood
  • Improvement Assessed Value: 140000.00
  • Land Assessed Value: 120000.00
  • Land Use Code: 011
  • Lot Features: Front Yard
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1200.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2020
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13968046
  • Tax Annual Amount: 3319.00
  • Assessor Parcel Number: 160902435227
  • Tax Lot: 24
  • Tax Total Finished Sq Ft: 1582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/29/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 28, 2020
Sold by
Crimans Mark R and Crimans Justine
Bought by
Vingelli Giulio Di Luca and Luca Jennifer Gomez
Seller's Agent
Patricia Wills
Long & Foster Real Estate, Inc.
Buyer's Agent
Daan De Raedt
RE/MAX Allegiance
List Price
$333,900
Sold Price
$334,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$455,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,321
Avg. Annual Appreciation
5.49%
Original Mortgage
$300,600
Outstanding Balance
$270,371
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$162,986

Purchase Details

Closed on
Mar 14, 2011
Sold by
Lanigan Mary A
Bought by
Crimans Mark R and Crimans Justine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2011
Sold by
Lanigan Mary A
Bought by
Crimans Mark R and Crimans Justine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2007
Sold by
Lanigan Grace M Trust
Bought by
Lanigan Mary A

Purchase Details

Closed on
Jan 17, 2007
Sold by
Lanigan Grace M Trust
Bought by
Lanigan Mary A
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
Vingelli Giulio Di Luca $334,000 Community Title Network Llc
Crimans Mark R $230,000 --
Crimans Mark R $230,000 --
Crimans Mark R $230,000 --
Crimans Mark R $230,000 --
Lanigan Mary A $52,941 --
Lanigan Mary A $52,941 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vingelli Giulio Di Luca $300,600
Previous Owner Crimans Mark R $212,500
Previous Owner Crimans Mark R $218,500
Previous Owner Crimans Mark R $218,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $334,000 0.0% $211 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $333,900 -- $211 / 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 $4,401 $322,767 $0 $0
2023 $3,506 $309,500 $120,000 $189,500
2022 $3,206 $293,000 $0 $0
2021 $3,012 $276,500 $0 $0
2020 $5,563 $260,000 $120,000 $140,000
2019 $2,627 $249,567 $0 $0
2018 $3,043 $239,133 $0 $0
2017 $2,404 $228,700 $0 $0
2016 $2,746 $224,767 $0 $0
2015 $2,746 $220,833 $0 $0
2014 $2,746 $216,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC720892

Bright MLS

APN: 09-02435227