NOT LISTED FOR SALE

500 King Farm Blvd Unit 404 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $504,000 - $549,000

2 Beds
2 Baths
1,693 Sq Ft
$437/mo HOA Fee

Last Sold November 27, 2017

Last sale price $445,000 $263 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,696/month

23 Days on Market

Highlights

  • Senior Community
  • Clubhouse
  • Wood Flooring
  • Colonial Architecture
  • Traditional Floor Plan
  • Day Care Facility

About This Home

As of November 2017

$20,000 PRICE DROP - Top Level Condo with Loft; Balcony; and Garage in Popular King Farm. This impeccable unit is in move-in condition with neutral decor and beautiful wood floors (new carpeting in the bedrooms). Secure building with elevator. Master Bedroom with ensuite Master Bath! Great location adjacent to shops and restaurants plus a few blocks to the Shady Grove Metro (free shuttle too).

Last Agent to Sell the Property

Alan Bruzee

Long & Foster Real Estate, Inc. Listed on: 09/16/2017

Co-Listed By

Yvette Chisholm

Long & Foster Real Estate, Inc. License #578649

Last Buyer's Agent

Joe Huff

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,873

Year Built

  • Built in 2001

Lot Details

  • 1,002

HOA Fees

  • $437 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,693 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Crown Molding
  • Window Treatments
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Doors are 32 inches wide or more

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160403341204
  • $165 Front Foot Fee per year

Community Details

Overview

  • Senior Community
  • Association fees include exterior building maintenance, management, insurance
  • Low-Rise Condominium
  • King Farm Community
  • King Farm Baileys Common Subdivision

Amenities

  • Day Care Facility
  • Picnic Area
  • Common Area
  • Clubhouse
  • Community Center
  • Meeting Room
  • Convenience Store
  • Elevator

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Jogging Path

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,873

Year Built

Built in 2001

Lot Details

0

HOA Fees

$437 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Accessibility Features: 32"+ Wide Doors, Elevator
  • Ownership: Condominium
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 2001
  • Remarks Public: $20,000 PRICE DROP - Top Level Condo with Loft; Balcony; and Garage in Popular King Farm. This impeccable unit is in move-in condition with neutral decor and beautiful wood floors (new carpeting in the bedrooms). Secure building with elevator. Master Bedroom with ensuite Master Bath! Great location adjacent to shops and restaurants plus a few blocks to the Shady Grove Metro (free shuttle too).
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Stove, Washer
  • Interior Amenities: Breakfast Area, Dining Area, Upgraded Countertops, Crown Moldings, Elevator, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1693
  • Living Area Sq Ft: 1693
  • Price Per Sq Ft: 265.77
  • Above Grade Finished Sq Ft: 1693
  • 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 Spaces: 1.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 437.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Basketball Courts, Club House, Common Grounds, Community Center, Convenience Store, Day Care, Elevator, Jog/Walk Path, Meeting Room, Picnic Area, Pool - Outdoor, Retirement Community, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management, Insurance
  • HOA Condo Co-Op Rules: Elevator Use
  • HOA: Yes
  • 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
  • Year Assessed: 2017
  • Zoning: CPD1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14084920
  • Tax Annual Amount: 4872.99
  • Assessor Parcel Number: 160403341204
  • Tax Total Finished Sq Ft: 1693
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 11/27/2017

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
Sep 16, 2017
Closed on
Nov 27, 2017
Sold by
Gallagher Christina E
Bought by
Baldoni Barbara
Seller's Agent
Alan Bruzee
Long & Foster Real Estate, Inc.
Buyer's Agent
Joe Huff
Long & Foster Real Estate, Inc.
List Price
$470,000
Sold Price
$445,000
Premium/Discount to List
-$25,000
-5.32%
Current Estimated Value
$524,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,933
Avg. Annual Appreciation
2.04%

Purchase Details

Closed on
Feb 29, 2008
Sold by
Albrecht Wesley R
Bought by
Gallagher Christina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 20, 2008
Sold by
Albrecht Wesley R
Bought by
Gallagher Christina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.57%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 28, 2001
Sold by
King Partners Two Ltd Ptnsp
Bought by
Albrecht Wesley R
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
Baldoni Barbara $445,000 Passport Title Svcs Llc
Gallagher Christina E $430,000 --
Gallagher Christina E $430,000 --
Albrecht Wesley R $218,689 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallagher Christina E $233,000
Previous Owner Gallagher Christina E $127,500
Previous Owner Gallagher Christina E $281,000
Previous Owner Gallagher Christina E $281,000
Previous Owner Albrecht Wesley $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $445,000 -1.1% $263 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
09/29/2017 09/29/17 Price Changed $449,950 -4.3% $266 / Sq Ft
09/16/2017 09/16/17 For Sale $470,000 -- $278 / 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 $5,680 $440,000 -- --
2024 $5,680 $410,000 $0 $0
2023 $4,564 $380,000 $114,000 $266,000
2022 $4,900 $380,000 $114,000 $266,000
2021 $4,445 $380,000 $114,000 $266,000
2020 $8,859 $380,000 $114,000 $266,000
2019 $4,358 $373,333 $0 $0
2018 $4,298 $366,667 $0 $0
2017 $234 $360,000 $0 $0
2016 $4,100 $346,667 $0 $0
2015 $4,100 $333,333 $0 $0
2014 $4,100 $320,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001006387

Bright MLS

APN: 04-03341204