NOT LISTED FOR SALE

500 King Farm Blvd Unit 306 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $528,000 - $598,748

3 Beds
2 Baths
1,765 Sq Ft
$453/mo HOA Fee

Last Sold April 15, 2022

Last sale price $568,125 $322 Per Sq Ft

Current estimated payment $4,057/month

3 Days on Market

Highlights

  • Fitness Center
  • Engineered Wood Flooring
  • Tennis Courts
  • Contemporary Architecture
  • Community Pool
  • Community Center

About This Home

As of April 2022

Fabulous corner unit condo with balcony in elevator building with rarely available attached garage and double storage room. Recent improvements include new 2022 pre-engineered wood floors in the living room, dining room, kitchen, and family room; new plush carpeting in bedrooms, and professionally painted interior. The spacious floorplan with approximately 1,765 square feet of finished living space includes an entry foyer with gorgeous custom tile floor with mosaic tile medallion inset and border, living room with wood floor and sliding glass door providing access to balcony, separate dining room with wood floor, kitchen with wood floor, large island, new refrigerator, abundance of white cabinets, and Silestone countertops; primary bedroom suite with new carpet, private full bath, walk-in closet with custom built-ins, and second closet with custom built-ins, two additional bedrooms with spacious closets with custom built-ins, hall bath, and laundry closet with full size washer and dryer. Located in the popular King Farm community featuring a community center (clubhouse); pools; fitness center; shops; restaurants; grocery store; shuttle bus service; King Farm Park and Mattie J.T. Stepanek Park featuring lighted tennis courts, basketball courts, multi-use fields, fenced-in dog areas, picnic areas, and playgrounds; Additionally, the unit is less than 1 mile to Shady Grove Metro Station and convenient to Rockville Dog Park, major commuter routes, schools, Montgomery College, Rockville Town Center, and so much more!

Last Agent to Sell the Property

Timothy Horst

Long & Foster Real Estate, Inc. License #76868 Listed on: 04/01/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Mike Aubrey

Berkshire Hathaway HomeServices PenFed Realty License #583580

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,655

Year Built

  • Built in 2001

Lot Details

  • 1,002

HOA Fees

  • $453 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener
  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,765 Sq Ft Home
  • Property has 1 Level
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Schools

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

Utilities

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

Additional Features

  • Balcony
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160403341146
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, water, trash, sewer
  • Low-Rise Condominium
  • King Farm 2 Baileys Commons Condos
  • King Farm Baileys Common Subdivision
  • Property Manager

Amenities

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

Recreation

  • Tennis Courts
  • Baseball Field
  • Soccer 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

$5,655

Year Built

Built in 2001

Lot Details

0

HOA Fees

$453 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
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fabulous corner unit condo with balcony in elevator building with rarely available attached garage and double storage room. Recent improvements include new 2022 pre-engineered wood floors in the living room, dining room, kitchen, and family room; new plush carpeting in bedrooms, and professionally painted interior. The spacious floorplan with approximately 1,765 square feet of finished living space includes an entry foyer with gorgeous custom tile floor with mosaic tile medallion inset and border, living room with wood floor and sliding glass door providing access to balcony, separate dining room with wood floor, kitchen with wood floor, large island, new refrigerator, abundance of white cabinets, and Silestone countertops; primary bedroom suite with new carpet, private full bath, walk-in closet with custom built-ins, and second closet with custom built-ins, two additional bedrooms with spacious closets with custom built-ins, hall bath, and laundry closet with full size washer and dryer. Located in the popular King Farm community featuring a community center (clubhouse); pools; fitness center; shops; restaurants; grocery store; shuttle bus service; King Farm Park and Mattie J.T. Stepanek Park featuring lighted tennis courts, basketball courts, multi-use fields, fenced-in dog areas, picnic areas, and playgrounds; Additionally, the unit is less than 1 mile to Shady Grove Metro Station and convenient to Rockville Dog Park, major commuter routes, schools, Montgomery College, Rockville Town Center, and so much more!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Ceramic Tile, Engineered Wood, Carpet
  • Fireplace: No
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Laundry, Storage Room, Full Bath
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1765
  • Living Area Sq Ft: 1765
  • Price Per Sq Ft: 294.56
  • Above Grade Finished Sq Ft: 1765
  • 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, Vinyl Siding
  • Roof: Unknown
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Assigned
  • Garage Features: Garage - Rear Entry, Garage Door Opener, Additional Storage Area
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 453.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: King Farm 2 Baileys Commons
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Common Grounds, Community Center, Elevator, Dog Park, Fitness Center, Pool - Outdoor, Picnic Area, Party Room, Tennis Courts, Tot Lots/Playground, Swimming Pool, Soccer Field
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Water, Trash, Sewer
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • 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
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: ROSEMONT
  • High School: GAITHERSBURG
  • Middle Or Junior School: FOREST OAK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 294000.00
  • Land Assessed Value: 126000.00
  • Land Use Code: U
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: CPD1
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 14084914
  • Tax Annual Amount: 5655.00
  • Assessor Parcel Number: 160403341146
  • Tax Total Finished Sq Ft: 1765
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/15/2022

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
Oct 19, 2020
Sold by
Wicker Dorothy B
Bought by
Wicker Dorothy B and Wicker Dorothy B
Current Estimated Value
$565,937

Purchase Details

Closed on
May 21, 2010
Sold by
Lang Gerald S
Bought by
Wicker Dorothy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Outstanding Balance
$220,890
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$333,974

Purchase Details

Closed on
May 13, 2004
Sold by
Lang Gerald S and Lang Florence T
Bought by
Lang Gerald S Et Al Tr

Purchase Details

Closed on
Jun 25, 2001
Sold by
King Partners Two Ltd Ptnsp
Bought by
Lang Gerald S and Lang Florence T
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
Wicker Dorothy B -- None Available
Wicker Dorothy B $439,900 --
Lang Gerald S Et Al Tr -- --
Lang Gerald S Tr -- --
Lang Gerald S $217,051 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wicker Dorothy B $322,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $568,125 +9.3% $322 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $519,900 -- $295 / 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 $6,244 $484,667 -- --
2024 $6,244 $452,333 $0 $0
2023 $5,094 $420,000 $126,000 $294,000
2022 $4,941 $420,000 $126,000 $294,000
2021 $9,927 $420,000 $126,000 $294,000
2020 $0 $420,000 $126,000 $294,000
2019 $4,963 $420,000 $126,000 $294,000
2018 $8,407 $420,000 $126,000 $294,000
2017 $5,605 $420,000 $0 $0
2016 $4,483 $406,667 $0 $0
2015 $4,483 $393,333 $0 $0
2014 $4,483 $380,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2044516

Bright MLS

APN: 04-03341146