NOT LISTED FOR SALE

500 King Farm Blvd Unit 305 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $472,000 - $494,018

2 Beds
2 Baths
1,464 Sq Ft
$488/mo HOA Fee

Last Sold July 15, 2024

Last sale price $485,000 $331 Per Sq Ft

Current estimated payment $3,491/month

27 Days on Market

Highlights

  • Wood Flooring
  • Community Center
  • Eat-In Kitchen
  • Community Pool
  • 1 Elevator
  • Crown Molding

About This Home

As of July 2024

This home is located at 500 King Farm Blvd Unit 305, Rockville, MD 20850 since 27 May 2024 and is currently estimated at $485,755, approximately $331 per square foot. This property was built in 2001. 500 King Farm Blvd Unit 305 is a home located in Montgomery County with nearby schools including Gaithersburg Middle School, Gaithersburg High School, and St Martin Of Tours School.

Last Agent to Sell the Property

Deborah Stevens

Long & Foster Real Estate, Inc. Listed on: 05/27/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Kody Yazdanipour

Long & Foster Real Estate, Inc. License #0225203921

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,285

Year Built

  • Built in 2001

Lot Details

  • Sprinkler System
  • Ground Rent
  • Property is in very good condition

HOA Fees

  • $488 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,464 Sq Ft Home
  • Property has 4 Levels
  • Crown Molding
  • Electric Fireplace
  • Window Treatments
  • Dining Area
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

Accessible Home Design

  • Lowered Light Switches
  • Doors with lever handles
  • Level Entry For Accessibility

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Programmable Thermostat
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 160403341135
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include all ground fee, common area maintenance, exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, trash
  • Building Winterized
  • King Farm Baileys Common Subdivision
  • Property Manager

Amenities

  • Common Area
  • Community Center
  • 1 Elevator

Recreation

  • Community Pool
  • Dog Park

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,285

Year Built

Built in 2001

Lot Details

0

HOA Fees

$488 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Unit/Flat
  • Accessibility Features: Accessible Switches/Outlets, Doors - Lever Handle(s), Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-05-27
  • Federal Flood Zone: No
  • Year Built: 2001
  • Building Winterized: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Dishwasher, Oven - Single
  • Entry Floor: 3
  • Flooring Type: Wood, Carpet
  • Interior Amenities: Crown Moldings, Dining Area, Kitchen - Eat-In, Sprinkler System, Wood Floors, Window Treatments
  • Fireplace Features: Electric
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1464
  • Living Area Sq Ft: 1464
  • Price Per Sq Ft: 331.28
  • Above Grade Finished Sq Ft: 1464
  • 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, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Programmable Thermostat, Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Natural Gas Available, Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 487.91
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Community Center, Dog Park, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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

Lot Info

  • Horses: No
  • Land Use Code: U
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: CPD1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: Yes
  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 5285.00
  • Assessor Parcel Number: 160403341135
  • Tax Total Finished Sq Ft: 1464
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 07/15/2024

Multi Family

  • Front Foot Fee: 164.84
  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2024
Closed on
Jul 15, 2024
Sold by
Ortiz Carmen E
Bought by
Hovareshti Pedram and Keshavarzi Banafsheh
Seller's Agent
Deborah Stevens
Long & Foster Real Estate, Inc.
Buyer's Agent
Kody Yazdanipour
Long & Foster Real Estate, Inc.
List Price
$485,000
Sold Price
$485,000
Views
268
Current Estimated Value
$485,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$755
Avg. Annual Appreciation
1.28%
Original Mortgage
$85,000
Outstanding Balance
$81,498
Interest Rate
6.36%
Mortgage Type
New Conventional
Estimated Equity
$410,355

Purchase Details

Closed on
Nov 15, 2001
Sold by
King Partners Two Ltd Ptnsp
Bought by
Ortiz Carmen 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
Hovareshti Pedram $485,000 First American Title
Ortiz Carmen E $166,087 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hovareshti Pedram $85,000
Previous Owner Ortiz Carmen E $275,000
Previous Owner Ortiz Carmen E $50,000
Previous Owner Ortiz Carmen E $221,406
Previous Owner Ortiz Carmen E $188,357
Previous Owner Ortiz Carmen E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $485,000 0.0% $331 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
05/27/2024 05/27/24 For Sale $485,000 -- $331 / 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 $5,103 $403,333 -- --
2024 $5,103 $366,667 $0 $0
2023 $5,285 $330,000 $99,000 $231,000
2022 $4,256 $330,000 $99,000 $231,000
2021 $3,798 $330,000 $99,000 $231,000
2020 $3,784 $330,000 $99,000 $231,000
2019 $3,797 $330,000 $99,000 $231,000
2018 $3,820 $330,000 $99,000 $231,000
2017 $3,778 $330,000 $0 $0
2016 -- $316,667 $0 $0
2015 $3,589 $303,333 $0 $0
2014 $3,589 $290,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Stevens

    Seller's Agent in 2024

    Deborah Stevens

    Long & Foster

    (301) 919-1961

    1 in this area

    2 Total Sales

    Deborah Stevens
    Section Image
  • Kody Yazdanipour

    Buyer's Agent in 2024

    Kody Yazdanipour

    Long & Foster

    (301) 758-6765

    1 in this area

    29 Total Sales

    Kody Yazdanipour
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2130970

Bright MLS

APN: 04-03341135

Maryland Montgomery County Rockville 20850 King Farm

500 King Farm Blvd Unit 305, Rockville, MD

This home is located at 500 King Farm Blvd Unit 305, Rockville, MD 20850 since 27 May 2024 and is currently estimated at $485,755, approximately $331 per square foot. This property was built in 2001. 500 King Farm Blvd Unit 305 is a home located in Montgomery County with nearby schools including Gaithersburg Middle School, Gaithersburg High School, and St Martin Of Tours School.

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