NOT LISTED FOR SALE

500 King Farm Blvd Unit 301 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $522,000 - $583,000

3 Beds
2 Baths
1,722 Sq Ft
$512/mo HOA Fee

Last Sold May 30, 2023

Last sale price $550,000 $319 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,128/month

5 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Engineered Wood Flooring
  • Deck
  • Traditional Floor Plan
  • Upgraded Countertops

About This Home

As of May 2023

Welcome to this beautiful 3 bedroom, 2 full bathroom condo in the highly desirable King Farm community. As you step inside, you'll be greeted by plush carpeting throughout the living area, creating a warm and inviting atmosphere. Step outside onto your very own private deck, where you can enjoy a morning cup of coffee or take in the sunset while overlooking the vibrant neighborhood. You'll find a well-equipped kitchen with LVP flooring, a gas range, and an eat-in area ideal for casual dining. The separate formal dining room is perfect for hosting dinner parties and special occasions. The primary bedroom is a true retreat, featuring two walk-in closets with custom shelving, offering plenty of storage space for all your clothes and accessories. The primary bathroom is well-appointed with a large vanity, a sizable shower, and a soaking tub, providing the perfect space for relaxation. Enjoy the luxury of having a washer and dryer in unit, making laundry day a breeze. In addition to all these features, this condo has garage parking (A5), a private storage unit (10), and a secure lobby, providing added security and accessibility. This condo is ideally located less than a block from shopping, restaurants, grocery stores, salons, and more, providing endless convenience and entertainment options. You'll also have access to the community center, the shuttle bus service, King Farm Park, picnic areas, fenced-in dog areas, playgrounds, tennis courts, basketball courts, and the community pool. Don't miss your chance to make this exceptional condo your own!

Last Agent to Sell the Property

Tamara Kucik

RLAH @properties Listed on: 04/21/2023

RLAH @properties

Last Buyer's Agent

Debbie W. Hsu

RE/MAX Town Center License #598487

RE/MAX Town Center

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,934

Year Built

  • Built in 2001

Lot Details

  • Property is in very good condition

HOA Fees

  • $512 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,722 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Crown Molding
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160403341090
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, sewer, water, trash
  • Low-Rise Condominium
  • King Farm Baileys Common Subdivision
  • Property Manager

Amenities

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

Recreation

  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Dog Park

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,934

Year Built

Built in 2001

Lot Details

0

HOA Fees

$512 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-04-21
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this beautiful 3 bedroom, 2 full bathroom condo in the highly desirable King Farm community. As you step inside, you'll be greeted by plush carpeting throughout the living area, creating a warm and inviting atmosphere. Step outside onto your very own private deck, where you can enjoy a morning cup of coffee or take in the sunset while overlooking the vibrant neighborhood. You'll find a well-equipped kitchen with LVP flooring, a gas range, and an eat-in area ideal for casual dining. The separate formal dining room is perfect for hosting dinner parties and special occasions. The primary bedroom is a true retreat, featuring two walk-in closets with custom shelving, offering plenty of storage space for all your clothes and accessories. The primary bathroom is well-appointed with a large vanity, a sizable shower, and a soaking tub, providing the perfect space for relaxation. Enjoy the luxury of having a washer and dryer in unit, making laundry day a breeze. In addition to all these features, this condo has garage parking (A5), a private storage unit (10), and a secure lobby, providing added security and accessibility. This condo is ideally located less than a block from shopping, restaurants, grocery stores, salons, and more, providing endless convenience and entertainment options. You'll also have access to the community center, the shuttle bus service, King Farm Park, picnic areas, fenced-in dog areas, playgrounds, tennis courts, basketball courts, and the community pool. Don't miss your chance to make this exceptional condo your own!
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Gas, Washer, Refrigerator
  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Carpet, Engineered Wood
  • Interior Amenities: Crown Moldings, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Primary Bath(s), Upgraded Countertops
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1722
  • Living Area Sq Ft: 1722
  • Price Per Sq Ft: 319.40
  • Above Grade Finished Sq Ft: 1722
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Secure Storage, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Additional Storage Area, Garage Door Opener
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 512.40
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Common Grounds, Community Center, Dog Park, Elevator, Fitness Center, Party Room, Picnic Area, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Sewer, Water, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 325500.00
  • Land Assessed Value: 139500.00
  • Land Use Code: U
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: CPD1
  • In City Limits: Yes

Rental Info

  • Pets: Size/Weight Restriction, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14084909
  • Tax Annual Amount: 5934.00
  • Assessor Parcel Number: 160403341090
  • Tax Total Finished Sq Ft: 1722
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/30/2023

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

Closed on
Nov 20, 2024
Sold by
Lu Jian and Tong Jennifer Hsi-Chieh
Bought by
Lee Grace Pei An and Lee Hui Wei
Current Estimated Value
$560,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Outstanding Balance
$421,044
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$139,638

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 26, 2023
Sold by
Shein Linda K
Bought by
Lu Jian and Tong Jennifer Hsi-Chieh
Seller's Agent
Tamara Kucik
RLAH @properties
Buyer's Agent
Debbie W. Hsu
RE/MAX Town Center
List Price
$550,000
Sold Price
$550,000
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Original Mortgage
$412,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2006
Sold by
Shein Sidney and Shein Linda K
Bought by
Shein Sidney and Shein Linda K

Purchase Details

Closed on
Jun 20, 2001
Sold by
King Partners Two Ltd Ptnsp
Bought by
Shein Sidney and Shein Linda K
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
Lee Grace Pei An $530,000 Bayline Title & Escrow Llc
Lu Jian $550,000 None Listed On Document
Shein Sidney -- --
Shein Sidney $224,685 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Grace Pei An $424,000
Previous Owner Lu Jian $412,500
Previous Owner Lu Jian $412,500
Previous Owner Shein Sidney $544,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $550,000 0.0% $319 / Sq Ft
04/21/2023 04/21/23 For Sale $550,000 -- $319 / 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 $6,745 $515,000 -- --
2024 $6,745 $490,000 $0 $0
2023 $7,075 $465,000 $139,500 $325,500
2022 $5,717 $443,333 $0 $0
2021 $4,985 $421,667 $0 $0
2020 $189 $400,000 $120,000 $280,000
2019 $4,704 $400,000 $120,000 $280,000
2018 $59 $400,000 $120,000 $280,000
2017 $4,719 $400,000 $0 $0
2016 -- $386,667 $0 $0
2015 $4,227 $373,333 $0 $0
2014 $4,227 $360,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2089640

Bright MLS

APN: 04-03341090