NOT LISTED FOR SALE

480 Lynette St Gaithersburg, MD 20878

Kentlands Neighborhood

Estimated Value: $769,000 - $828,000

3 Beds
2.5 Baths
2,300 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $715,000 $311 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,238/month

3 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Vaulted Ceiling
  • Rachel Carson Elementary School Rated A
  • Colonial Architecture
  • 4-minute walk to Lakelands Park

About This Home

As of May 2023

Welcome to this beautiful 3 bedroom/2.5 bath townhome located in the heart of the highly sought-after Lakelands community! This desirable Fairgate model townhouse is nestled on one of the Lakelands finest tree-lined streets. It has a spacious loft, ideal for an at home office, hardwood floors throughout the main level, upgraded granite countertops, stainless appliances, vaulted ceilings and an open floor plan with 2,300 square feet of space! It is walking distance to the community pool, the Kentlands shopping center, movie theater, restaurants, grocery stores, bike/walking paths and SO MUCH MORE! The amenities are endless in the Lakelands! Close proximity to 270/495/ICC and the metro. Don't wait to see this home, as it will not last long! BEST AND FINAL OFFERS WILL BE REVIEWED ON MONDAY, MARCH 27TH AT NOON!

Last Agent to Sell the Property

Jill Balow

Greystone Realty, LLC. Listed on: 03/23/2023

Last Buyer's Agent

David Zeff

Keller Williams Capital Properties License #641068

Keller Williams Capital Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,453

Year Built

  • Built in 2002

Lot Details

  • 1,230 Sq Ft Lot
  • Stone Retaining Walls
  • Property is in very good condition

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2,300 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Crown Molding
  • Vaulted Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer

Schools

  • Rachel Carson Elementary School
  • Lakelands Park Middle School
  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 160903325897

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), reserve funds
  • Lakelands HOA
  • Lakelands Subdivision, Fairgate With Loft Floorplan
  • Property Manager

Amenities

  • Community Center

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,453

Year Built

Built in 2002

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-03-23
  • Federal Flood Zone: No
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this beautiful 3 bedroom/2.5 bath townhome located in the heart of the highly sought-after Lakelands community! This desirable Fairgate model townhouse is nestled on one of the Lakelands finest tree-lined streets. It has a spacious loft, ideal for an at home office, hardwood floors throughout the main level, upgraded granite countertops, stainless appliances, vaulted ceilings and an open floor plan with 2,300 square feet of space! It is walking distance to the community pool, the Kentlands shopping center, movie theater, restaurants, grocery stores, bike/walking paths and SO MUCH MORE! The amenities are endless in the Lakelands! Close proximity to 270/495/ICC and the metro. Don't wait to see this home, as it will not last long! BEST AND FINAL OFFERS WILL BE REVIEWED ON MONDAY, MARCH 27TH AT NOON!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Pantry, Primary Bath(s), Recessed Lighting, Soaking Tub, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Slab
  • Levels Count: 3
  • Room List: Dining Room, Primary Bedroom, Kitchen, Family Room, Foyer, Laundry, Office, Bathroom 2, Bathroom 3, Primary Bathroom, Additional Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Price Per Sq Ft: 293.43
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 480

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: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination
  • Exterior Features: Sidewalks, Stone Retaining Walls
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Refuse: 172.63
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 125.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Community Center, Exercise Room, Jog/Walk Path, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Reserve Funds
  • HOA Name: LAKELANDS
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: RACHEL CARSON
  • Middle School: LAKELANDS PARK
  • 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: RACHEL CARSON
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: LAKELANDS PARK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 278000.00
  • Land Assessed Value: 300000.00
  • Land Use Code: R
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1230.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: MXD
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14083525
  • Tax Annual Amount: 7453.00
  • Assessor Parcel Number: 160903325897
  • Tax Lot: 42
  • Tax Total Finished Sq Ft: 2300
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/16/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
May 16, 2023
Sold by
Ronick Lloyd
Bought by
Chen Christine and Pellillo Adam
Seller's Agent
Jill Balow
Greystone Realty, LLC.
Buyer's Agent
David Zeff
Keller Williams Capital Properties
List Price
$674,900
Sold Price
$715,000
Premium/Discount to List
$40,100
5.94%
Views
21
Current Estimated Value
$801,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,698
Avg. Annual Appreciation
4.50%
Original Mortgage
$500,500
Outstanding Balance
$486,016
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$302,049

Purchase Details

Listed on
Sep 2, 2016
Closed on
Feb 8, 2017
Sold by
Wang Jefferson E
Bought by
Ronick Lloyd and Ronick Marie
Seller's Agent
Kate Hannas Ferguson
Monument Sotheby's International Realty
Buyer's Agent
Seth Shapero
Redfin Corp
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$365,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2002
Sold by
Gaithersburg Comm Assoc Llc
Bought by
Wang Jefferson E
Source: Public Records

Range of Values:

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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
Chen Christine $715,000 Fidelity National Title
Ronick Lloyd $565,000 Rgs Title Llc
Wang Jefferson E $340,205 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Christine $500,500
Previous Owner Ronick Lloyd $367,225
Previous Owner Ronick Lloyd $370,000
Previous Owner Ronick Lloyd $365,000
Previous Owner Wang Jefferson E $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold $715,000 +5.9% $311 / Sq Ft
03/23/2023 03/23/23 For Sale $674,900 +19.5% $293 / Sq Ft
02/08/2017 02/08/17 Sold $565,000 -1.7% $246 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $575,000 -- $250 / 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 $8,222 $613,600 $0 $0
2023 $8,405 $578,000 $300,000 $278,000
2022 $6,761 $572,667 $0 $0
2021 $6,624 $567,333 $0 $0
2020 $6,624 $562,000 $300,000 $262,000
2019 $6,470 $550,667 $0 $0
2018 $6,349 $539,333 $0 $0
2017 $6,293 $528,000 $0 $0
2016 -- $493,833 $0 $0
2015 $5,230 $459,667 $0 $0
2014 $5,230 $425,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jill Balow

    Seller's Agent in 2023

    Jill Balow

    Greystone Realty, LLC.

    (301) 233-5596

    44 in this area

    82 Total Sales

    Section Image
  • David Zeff

    Buyer's Agent in 2023

    David Zeff

    Keller Williams Capital Properties

    (301) 792-3990

    2 in this area

    105 Total Sales

    Section Image

  • K

    Seller's Agent in 2017

    Kate Hannas Ferguson

    Monument Sotheby's International Realty

    (443) 746-2090

    12 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Seth Shapero

    Redfin Corp

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2086294

Bright MLS

APN: 09-03325897

Maryland Montgomery County Gaithersburg 20878 Kentlands

480 Lynette St, Gaithersburg, MD

This home is located at 480 Lynette St, Gaithersburg, MD 20878 since 23 March 2023 and is currently estimated at $801,698, approximately $348 per square foot. This property was built in 2002. 480 Lynette St is a home located in Montgomery County with nearby schools including Rachel Carson Elementary School, Lakelands Park Middle School, and Quince Orchard High School.

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