NOT LISTED FOR SALE

488 W Deer Park Rd Unit 16 Gaithersburg, MD 20877

Estimated Value: $372,000 - $431,000

3 Beds
4 Baths
2,194 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 24, 2014

Last sale price $218,800 $100 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,735/month

Highlights

  • Traditional Floor Plan
  • 1 Fireplace
  • Central Air
  • Traditional Architecture
  • Eat-In Kitchen
  • Low Pile Carpeting

About This Home

As of March 2014

Fannie Mae HomePath property. Property approved for HomePath Renovation Financing. Buyer pays 100% of transfer tax. Seller is exempt. End unit townhouse, hardwood floors on the main and upper levels, kitchenette in basement. Tablespace kitchen. Elementary school located ont the same street. Close to shopping, restaurants and transportation.

Last Agent to Sell the Property

Jennifer Marshall

(301) 367-2796 jennifer@mdreo.com Weichert, REALTORS License #527956 Listed on: 10/17/2013

Weichert, REALTORS

Last Buyer's Agent

Alex Martinez

(240) 258-2668 listings@tccre.org The Agency DC License #BR98379367

The Agency DC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,508

Year Built

  • Built in 1971

Lot Details

  • 4,008

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,194 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • 1 Fireplace
  • Finished Basement
  • Connecting Stairway
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Low Pile Carpeting
  • 1 Common Wall

Community Details

  • Brighton East Community

Listing and Financial Details

  • Assessor Parcel Number 160900824188

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,508

Year Built

Built in 1971

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Low Pile Carpeting
  • Ownership: Condominium
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Table Space, Floor Plan - Traditional
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Entry Location: Townhouse
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2194
  • Living Area Sq Ft: 2194
  • Price Per Sq Ft: 99.73
  • Above Grade Finished Sq Ft: 2194
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 105.87
  • 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

  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 200.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No

Lot Info

  • Improvement Assessed Value: 126000.00
  • Land Assessed Value: 54000.00
  • Year Assessed: 2014
  • Zoning: R18
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13941908
  • Tax Annual Amount: 2507.72
  • Assessor Parcel Number: 160900824188
  • Tax Total Finished Sq Ft: 1500
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 03/24/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2013
Closed on
Mar 24, 2014
Sold by
Fannie Mae
Bought by
Flores Carlos A and Gallo Sandy E
Seller's Agent
Jennifer Marshall
Weichert, REALTORS
Buyer's Agent
Alex Martinez
The Agency DC
List Price
$266,900
Sold Price
$218,800
Premium/Discount to List
-$48,100
-18.02%
Current Estimated Value
$411,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,323
Avg. Annual Appreciation
5.62%
Original Mortgage
$205,672
Outstanding Balance
$155,833
Interest Rate
4.33%
Mortgage Type
New Conventional
Estimated Equity
$255,290

Purchase Details

Closed on
Dec 12, 2013
Sold by
Rivera Melgar Maria R and Melgar Maria
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 18, 2006
Sold by
Lainez William A
Bought by
River

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2005
Sold by
Diaz Rigo
Bought by
Lainez William A

Purchase Details

Closed on
Sep 27, 2004
Sold by
Khanna Satish C
Bought by
Diaz Rigo
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
Flores Carlos A $218,800 First American Title Ins Co
Federal National Mortgage Association $320,000 None Available
River $370,000 --
Lainez William A $334,000 --
Diaz Rigo $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Carlos A $205,672
Previous Owner River $289,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2014 03/24/14 Sold $218,800 0.0% $100 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
12/15/2013 12/15/13 Price Changed $218,800 -10.0% $100 / Sq Ft
11/20/2013 11/20/13 Price Changed $243,000 -9.0% $111 / Sq Ft
10/17/2013 10/17/13 For Sale $266,900 -- $122 / 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
2025 $4,264 $330,000 -- --
2024 $4,264 $305,000 $0 $0
2023 $4,602 $280,000 $84,000 $196,000
2022 $3,380 $268,333 $0 $0
2021 $2,851 $256,667 $0 $0
2020 $2,680 $245,000 $73,500 $171,500
2019 $5,273 $243,333 $0 $0
2018 $2,611 $241,667 $0 $0
2017 $2,402 $240,000 $0 $0
2016 -- $220,000 $0 $0
2015 $2,343 $200,000 $0 $0
2014 $2,343 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jennifer Marshall

    Weichert Corporate

    (301) 367-2796

    Jennifer Marshall
    Section Image
  • Alex Martinez

    Buyer's Agent in 2014

    Alex Martinez

    The Agency DC

    (240) 258-2668

    38 in this area

    1,074 Total Sales

    Alex Martinez
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003796556

Bright MLS

APN: 09-00824188

Maryland Montgomery County Gaithersburg 20877

488 W Deer Park Rd Unit 16, Gaithersburg, MD

This home is located at 488 W Deer Park Rd Unit 16, Gaithersburg, MD 20877 since 17 October 2013 and is currently estimated at $411,123, approximately $187 per square foot. This property was built in 1971. 488 W Deer Park Rd Unit 16 is a home located in Montgomery County with nearby schools including Summit Hall Elementary School, Forest Oak Middle School, and Gaithersburg High School.

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