NOT LISTED FOR SALE

500 King Farm Blvd Unit 207 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $495,000 - $537,000

2 Beds
2 Baths
1,641 Sq Ft
$402/mo HOA Fee

Last Sold April 08, 2016

Last sale price $380,000 $232 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,665/month

16 Days on Market

Highlights

  • Fitness Center
  • Colonial Architecture
  • Wood Flooring
  • Open Floorplan
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of April 2016

Large Corner Unit w/ Balcony and Tons of Windows! Completely Renovated with Hardwood Floors, Granite Counters, Stainless Appliances, Kitchen Island, Gas Fireplace, Renovated Master Bath is Gorgeous! Ceramic Tile, Designer Paint Colors & Fabulous Location Near Shopping, Restaurants and Metro! See Virtual Tour with Floorplan.

Last Agent to Sell the Property

Kathy Whalen

Compass License #305821 Listed on: 03/01/2016

Compass

Last Buyer's Agent

Adam Jacobson

Douglas Realty

Douglas Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,558

Year Built

  • Built in 2001

Lot Details

  • Property is in very good condition

HOA Fees

  • $402 Monthly HOA Fees

Parking

  • Rented or Permit Required

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,641 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Chair Railings
  • Ceiling Fan
  • Screen For Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Dining Area
  • Wood Flooring
  • Intercom

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Level Entry For Accessibility

Schools

  • Rosemont Elementary School
  • Forest Oak Middle School
  • Gaithersburg High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160403341077
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, insurance, pool(s), recreation facility, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • King Farm Community
  • King Farm Baileys Common Subdivision
  • The community has rules related to parking rules

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Community Center
  • Party Room
  • Elevator

Recreation

  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,558

Year Built

Built in 2001

Lot Details

0

HOA Fees

$402 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Accessibility Features: Elevator, Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2001
  • Remarks Public: Large Corner Unit w/ Balcony and Tons of Windows! Completely Renovated with Hardwood Floors, Granite Counters, Stainless Appliances, Kitchen Island, Gas Fireplace, Renovated Master Bath is Gorgeous! Ceramic Tile, Designer Paint Colors & Fabulous Location Near Shopping, Restaurants and Metro! See Virtual Tour with Floorplan.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Washer - Front Loading
  • Interior Amenities: Kitchen - Island, Kitchen - Table Space, Dining Area, Breakfast Area, Entry Level Bedroom, Chair Railings, Upgraded Countertops, Primary Bath(s), Window Treatments, Wood Floors, Elevator, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace Features: Gas/Propane, Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1641
  • Living Area Sq Ft: 1641
  • Price Per Sq Ft: 243.69
  • Above Grade Finished Sq Ft: 1641
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination, Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Monthly Average Electric: 68
  • Previous Twelve Months Electric Expense: 812.49
  • Gas Avg Month: 48.70
  • Gas Prev12 Months: 584.40
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Intercom, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 402.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Club House, Elevator, Exercise Room, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Baseball Field, Basketball Courts, Bike Trail, Fitness Center, Jog/Walk Path, Party Room, Picnic Area
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Pool(s), Recreation Facility, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Parking
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: ROSEMONT
  • Middle School: FOREST OAK
  • High School: GAITHERSBURG
  • School District Key: 121138126809
  • Elementary School: ROSEMONT
  • High School: GAITHERSBURG
  • Middle Or Junior School: FOREST OAK

Lot Info

  • Improvement Assessed Value: 252000.00
  • Land Assessed Value: 108000.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2016
  • Zoning: CPD1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14084908
  • Tax Annual Amount: 4557.54
  • Assessor Parcel Number: 160403341077
  • Tax Total Finished Sq Ft: 1641
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 04/08/2016

Multi Family

  • Front Foot Fee: 164.84

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Apr 8, 2016
Sold by
Patterson Anthony R and Patterson Marquita R
Bought by
Brown Thomas Karl and Brown Yihui Xu
Seller's Agent
Kathy Whalen
Compass
Buyer's Agent
Adam Jacobson
Douglas Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Current Estimated Value
$514,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,086
Avg. Annual Appreciation
3.20%

Purchase Details

Listed on
Apr 11, 2013
Closed on
May 30, 2013
Sold by
Komal Manpreet S and Komal Shalini N
Bought by
Patterson Anthony R and Patterson Marquita R
Seller's Agent
Jatinder Singh
Invision Realty Inc.
Buyer's Agent
Kathy Whalen
Compass
List Price
$419,900
Sold Price
$390,000
Premium/Discount to List
-$29,900
-7.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.90%
Original Mortgage
$380,000
Interest Rate
3.39%
Mortgage Type
VA

Purchase Details

Closed on
Jun 18, 2008
Sold by
Sim Alice R
Bought by
Komal Manpreet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,231
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2008
Sold by
Sim Alice R
Bought by
Komal Manpreet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,231
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2006
Sold by
Meira Claudio E
Bought by
Sim Alice R

Purchase Details

Closed on
May 3, 2006
Sold by
Meira Claudio E
Bought by
Sim Alice R

Purchase Details

Closed on
Jun 26, 2001
Sold by
King Partners Two Ltd Ptnsp
Bought by
Meira Claudio E
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
Brown Thomas Karl $380,000 Old Republic National Title
Patterson Anthony R $390,000 Dba Rgs Title Of Beth
Komal Manpreet S $390,000 --
Komal Manpreet S $390,000 --
Sim Alice R $437,000 --
Sim Alice R $437,000 --
Meira Claudio E $202,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Anthony R $380,000
Previous Owner Komal Manpreet S $349,886
Previous Owner Komal Manpreet S $368,231
Previous Owner Komal Manpreet S $368,231
Previous Owner Meira Claud E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $380,000 -5.0% $232 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $399,900 +2.5% $244 / Sq Ft
05/31/2013 05/31/13 Sold $390,000 0.0% $238 / Sq Ft
05/07/2013 05/07/13 Price Changed $390,000 -7.1% $238 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $419,900 +7.7% $256 / Sq Ft
04/11/2013 04/11/13 Off Market $390,000 -- --
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 $5,547 $420,000 -- --
2024 $5,547 $400,000 $0 $0
2023 $5,256 $380,000 $114,000 $266,000
2022 $4,900 $380,000 $114,000 $266,000
2021 $5,137 $380,000 $114,000 $266,000
2020 $5,122 $380,000 $114,000 $266,000
2019 $5,050 $373,333 $0 $0
2018 $10,716 $366,667 $0 $0
2017 $219 $360,000 $0 $0
2016 $3,972 $346,667 $0 $0
2015 $3,972 $333,333 $0 $0
2014 $3,972 $320,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002404733

Bright MLS

APN: 04-03341077