NOT LISTED FOR SALE

437 Palmtree Dr Gaithersburg, MD 20878

Estimated Value: $395,000 - $458,776

3 Beds
2.5 Baths
1,582 Sq Ft
$272/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $251,000 $159 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,847/month

Highlights

  • Deck
  • Traditional Architecture
  • Dining Area
  • Fields Road Elementary School Rated A-
  • Central Air
  • Heat Pump System

About This Home

As of May 2018

Best value around! Perfectly located townhome minutes from Rio, Crown, & Kentlands. Easy access to multiple retail centers, Shady Grove Metro, I-270, 370, & ICC-200. Brand new flooring in kitch, master, & all baths. Lg living rm, sep din rm. Huge upper levl master w/walk-in closet plus 2 roomy addtl bedrooms.Large deck. Rare opportunity to gain instant equity, excellent investment opportunity.

Last Listed By

Meredith Fogle

The List Realty License #512005 Listed on: 04/23/2018

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,139

Year Built

  • Built in 1988

Lot Details

  • 1,200 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $88 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Aluminum Siding

Interior Spaces

  • 1,582 Sq Ft Home
  • Property has 3 Levels
  • Dining Area

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Association fees include snow removal, trash
  • Prk Summit Community
  • Park Summit Codm Subdivision

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 160902646556

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,139

Year Built

Built in 1988

Lot Details

0

HOA Fees

$88 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2018-04-26
  • Year Built: 1988
  • Remarks Public: Best value around! Perfectly located townhome minutes from Rio, Crown, & Kentlands. Easy access to multiple retail centers, Shady Grove Metro, I-270, 370, & ICC-200. Brand new flooring in kitch, master, & all baths. Lg living rm, sep din rm. Huge upper levl master w/walk-in closet plus 2 roomy addtl bedrooms.Large deck. Rare opportunity to gain instant equity, excellent investment opportunity.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Dishwasher, Oven/Range - Electric
  • Interior Amenities: Dining Area
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Entry Location: Foyer
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1582
  • Living Area Sq Ft: 1582
  • Price Per Sq Ft: 154.80
  • Above Grade Finished Sq Ft: 1582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 437

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

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned
  • Type Of Parking: Off Street

Utilities

  • Refuse: 118.91
  • 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: 87.50
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809

Lot Info

  • Improvement Assessed Value: 144500.00
  • Land Assessed Value: 120000.00
  • Lot Size Acres: 0.03
  • Lot Size Area: 1200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1200.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2018
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13970028
  • Tax Annual Amount: 3139.49
  • Assessor Parcel Number: 160902646556
  • Tax Lot: 89
  • Tax Total Finished Sq Ft: 1582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 05/15/2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2021
Sold by
Chen Miao Quan and Gouker Michael
Bought by
Yong Hongyan and Zhang Yiyu
Total Days on Market
0
Current Estimated Value
$429,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Outstanding Balance
$229,776
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$191,427

Purchase Details

Listed on
Apr 23, 2018
Closed on
May 18, 2018
Sold by
Latta Rebecca and Walters Edward
Bought by
Chen Miao Quan and Chen Michael Gouker
Seller's Agent
Meredith Fogle
The List Realty
Buyer's Agent
Jeremy Lee
EXP Realty, LLC
List Price
$244,900
Sold Price
$251,000
Premium/Discount to List
$6,100
2.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$238,450
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 1996
Sold by
Mershon Karen M
Bought by
Walters Mildred M

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
Yong Hongyan $342,000 Evergreen Settlement Co Inc
Chen Miao Quan $251,000 Eastern Title & Settlement
Walters Mildred M $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yong Hongyan $251,250
Previous Owner Chen Miao Quan $236,500
Previous Owner Chen Miao Quan $238,450
Previous Owner Walters Mildred M $84,100
Previous Owner Walters Mildred M $78,300
Previous Owner Walters Mildred M $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $251,000 +2.5% $159 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $244,900 -- $155 / 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 $4,246 $310,867 $0 $0
2023 $4,010 $295,000 $120,000 $175,000
2022 $3,795 $284,833 $0 $0
2021 $2,989 $274,667 $0 $0
2020 $2,838 $264,500 $120,000 $144,500
2019 $2,680 $253,733 $0 $0
2018 $2,548 $242,967 $0 $0
2017 $2,447 $232,200 $0 $0
2016 $2,181 $228,100 $0 $0
2015 $2,181 $224,000 $0 $0
2014 $2,181 $219,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Meredith Fogle

    Seller's Agent in 2018

    Meredith Fogle

    The List Realty

    (301) 602-3904

    8 in this area

    177 Total Sales

    Meredith Fogle
    Section Image
  • Peter Khalaf

    Seller Co-Listing Agent in 2018

    Peter Khalaf

    Old Line Properties, LLC

    (301) 275-2822

    3 in this area

    47 Total Sales

    Peter Khalaf
    Section Image

  • J

    Buyer's Agent in 2018

    Jeremy Lee

    EXP Realty, LLC

    (540) 287-4805

    8 in this area

    36 Total Sales

    Jeremy Lee
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000343222

Bright MLS

APN: 09-02646556

Maryland Montgomery County Gaithersburg 20878

437 Palmtree Dr, Gaithersburg, MD

Homes for Sale in Gaithersburg, MD

This home is located at 437 Palmtree Dr, Gaithersburg, MD 20878 since 23 April 2018 and is currently estimated at $429,694, approximately $271 per square foot. This property was built in 1988. 437 Palmtree 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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