$804,000
SOLD NOV 30, 2023

5 Gainford Ct Olney, MD 20832

5 Beds
3.5 Baths
3,073 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$262 Per Sq Ft

1% Above List Price

12 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • View of Trees or Woods
  • Clubhouse
  • Brooke Grove Elementary School Rated A
  • Colonial Architecture
  • Deck

About This Home

As of November 2023

Once you arrive at Gainford Court, you will know that this is the neighborhood you have always dreamed of… Welcome to Lake Hallowell!

As you cross the threshold of this home, you will be drawn in by the natural light, rich hardwood floors, great floor plan and tasteful updates throughout. Sited on a private premium lot backing to trees, this exquisitely appointed home features a welcoming 2 story entry foyer, spacious living room , formal dining room, renovated powder room and open expanded family room (with fireplace) off the kitchen.

The upper level features a gorgeous owner’s suite with walnut hardwood floors & a spectacular renovated DESIGNER Bathroom. In addition there are 3 additional bedrooms with hardwood floors (all but one, that is), a beautifully renovated shared bathroom and convenient laundry room.

The walkout lower level has great living & storage space which includes a large recreation room, legal bedroom and lovely full bathroom.

Some of the many updates in this home include HVAC (10 yrs), Roof (2 mths), Renovated Bathrooms, Kitchen countertops & appliances, Hardwood Floors, Windows & Doors, Deck, Hardscaping and the list goes on!

You are going to love the convenience of living in Lake Hallowell as well as the great amenities which include a neighborhood swimming pool, tennis courts, community clubhouse, tot lots and of course Lake Hallowell!

The sellers have loved their home and hope that you will too!

Last Agent to Sell the Property

Susan Ellis

RE/MAX Realty Centre, Inc. License #504124 Listed on: 10/03/2023

RE/MAX Realty Centre, Inc.

Co-Listed By

Tracy Onslow

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Rachel Miller

Redfin Corporation License #SP40002049

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,984

Year Built

  • Built in 1990

Lot Details

  • 6,000 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Extensive Hardscape
  • Secluded Lot
  • Backs to Trees or Woods
  • Back Yard
  • Property is in excellent condition
  • Property is zoned RE2

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Permanent Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Chair Railings
  • Crown Molding
  • Two Story Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Replacement Windows
  • Window Screens
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Views of Woods
  • Fire and Smoke Detector

Kitchen

  • Eat-In Gourmet Kitchen
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Solid Hardwood
  • Carpet

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Schools

  • Brooke Grove Elementary School
  • William H. Farquhar Middle School
  • Sherwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number 160802825982

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), trash
  • Lake Hallowell HOA
  • Built by Pulte
  • Lake Hallowell Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,984

Year Built

Built in 1990

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-10-03
  • Year Built: 1990
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Exhaust Fan, Icemaker, Microwave, Water Heater, Washer, Refrigerator, Oven/Range - Gas
  • Flooring Type: Solid Hardwood, Wood, Carpet
  • Interior Amenities: Chair Railings, Ceiling Fan(s), Crown Moldings, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Eat-In, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane, Screens, Replacement
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 2 Story Ceilings
  • Foundation Details: Permanent
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Foyer, Laundry, Recreation Room
  • Basement: Yes
  • Basement Type: Full, Fully Finished, Walkout Level
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4327
  • Living Area Sq Ft: 3073
  • Price Per Sq Ft: 346.58
  • Above Grade Finished Sq Ft: 2308
  • Below Grade Finished Sq Ft: 765
  • Below Grade Sq Ft: 1254
  • Total Below Grade Sq Ft: 2019
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Extensive Hardscape
  • Roof: Architectural Shingle
  • View: Trees/Woods
  • 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 - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 100.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Trash
  • HOA Name: LAKE HALLOWELL
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BROOKE GROVE
  • Middle School: WILLIAM H. FARQUHAR
  • High School: SHERWOOD
  • 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: BROOKE GROVE
  • High School: SHERWOOD
  • Middle Or Junior School: WILLIAM H. FARQUHAR

Lot Info

  • Land Use Code: R
  • Lot Features: Backs To Trees, Cul-De-Sac, Landscaping, Rear Yard, Secluded
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6000.00
  • Outdoor Living Structures: Patio(s), Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RE2
  • In City Limits: No

Building Info

  • Builder Name: Pulte

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 5984.00
  • Assessor Parcel Number: 160802825982
  • Tax Lot: 70
  • Tax Total Finished Sq Ft: 2308
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/30/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Salzman Andrew Henry and Watson Maura Ann
Bought by
Salzman And Watson Family Revocable Trust and Salzman
Current Estimated Value
$869,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,409
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 3, 2023
Closed on
Nov 29, 2023
Sold by
Lindley Donald W and Lindley Theresa M
Bought by
Watson Maura Ann and Salzman Andrew Henry
Seller's Agent
Susan Ellis
RE/MAX Realty Centre, Inc.
Buyer's Agent
Rachel Miller
Redfin Corporation
List Price
$799,900
Sold Price
$804,000
Premium/Discount to List
$4,100
0.51%
Views
665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$750,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 1993
Sold by
Wade J P
Bought by
Hadley Donald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,400
Interest Rate
6.87%
Source: Public Records

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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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Special Warranty Deed $804,000 Title Forward
Deed $264,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $433,409 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $25,000 Credit Line Revolving
Previous Owner $181,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $224,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $804,000 +0.5% $262 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $799,900 -- $260 / 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 $7,114 $579,100 $0 $0
2023 $5,609 $510,500 $236,100 $274,400
2022 $5,292 $505,333 $0 $0
2021 $5,099 $500,167 $0 $0
2020 $5,099 $495,000 $236,100 $258,900
2019 $4,940 $481,967 $0 $0
2018 $4,798 $468,933 $0 $0
2017 $4,746 $455,900 $0 $0
2016 -- $440,100 $0 $0
2015 $5,227 $424,300 $0 $0
2014 $5,227 $408,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2106518

Bright MLS

APN: 08-02825982