NOT LISTED FOR SALE

501 Heather Ridge Dr Unit J Frederick, MD 21702

Villa Estates Neighborhood

Estimated Value: $180,066 - $194,000

2 Beds
1 Bath
850 Sq Ft
$196/mo HOA Fee

Last Sold August 12, 2021

Last sale price $103,000 $121 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,396/month

2 Days on Market

Highlights

  • Penthouse
  • Garden View
  • Balcony
  • Traditional Floor Plan
  • Corner Lot
  • Bar

About This Home

As of August 2021

2 Bedroom 1 Full Bath Loft Condo Approximately 850 SQ/FT. Large 20X12 Living Room With Private Balcony. Kitchen With Granite Counters With Breakfast Bar. Primary Bedroom With Walk In Closet. Total Electric And Monthly Condo Fee Recently Reduced To $195.91 Per Month Which Covers Water & Sewer Fees, And Bldg. Maintenance. Washer/Dryer Conveys. Long Term Tenants Recently Vacated. Ideal Opportunity To Build Immediate Equity Based On The Offering Price Plus A Little Interior TLC. Condominium Regime Approved For Investors Or Absentee Owners. Condominium Approved For Conventional Financing But Certification For FHA And VA Not Approved At The Present Time. Current Rental Market For A 2 BR, 1 Bath Range From $1000 To $1250 Per Month Depending On Amenities. PMP Management Indicates Each Owner Receives 2 Resident Parking Spaces And 2 Visitor Parking Spaces. Close To Shopping And All Commuter Routes. Being Conveyed And Sold AS IS Due To Out Of State Absentee Owner.

Last Agent to Sell the Property

J.B. Powell

Real Estate Teams, LLC License #35102 Listed on: 07/14/2021

Real Estate Teams, LLC

Last Buyer's Agent

J.B. Powell

Real Estate Teams, LLC License #35102 Listed on: 07/14/2021

Real Estate Teams, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1982

Lot Details

  • Backs To Open Common Area
  • 1 Common Wall
  • Level Lot
  • Cleared Lot
  • Front Yard
  • Property is in average condition

HOA Fees

  • $196 Monthly HOA Fees

Home Design

  • Penthouse
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 850 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Bar
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Combination Dining and Living Room
  • Garden Views

Kitchen

  • Electric Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Home Security

Parking

  • 2 Off-Street Spaces
  • Paved Parking
  • On-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8J
  • Assessor Parcel Number 1102125641

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, lawn maintenance, management, snow removal, trash, water
  • Low-Rise Condominium
  • Ambertowne Condos, Phone Number (301) 694-6900
  • Ambertowne Subdivision

Recreation

  • Community Playground

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Common Area
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,462

Year Built

Built in 1982

Lot Details

0

HOA Fees

$196 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Loft
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-07-19
  • Federal Flood Zone: No
  • Year Built: 1982
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: 2 Bedroom 1 Full Bath Loft Condo Approximately 850 SQ/FT. Large 20X12 Living Room With Private Balcony. Kitchen With Granite Counters With Breakfast Bar. Primary Bedroom With Walk In Closet. Total Electric And Monthly Condo Fee Recently Reduced To $195.91 Per Month Which Covers Water & Sewer Fees, And Bldg. Maintenance. Washer/Dryer Conveys. Long Term Tenants Recently Vacated. Ideal Opportunity To Build Immediate Equity Based On The Offering Price Plus A Little Interior TLC. Condominium Regime Approved For Investors Or Absentee Owners. Condominium Approved For Conventional Financing But Certification For FHA And VA Not Approved At The Present Time. Current Rental Market For A 2 BR, 1 Bath Range From $1000 To $1250 Per Month Depending On Amenities. PMP Management Indicates Each Owner Receives 2 Resident Parking Spaces And 2 Visitor Parking Spaces. Close To Shopping And All Commuter Routes. Being Conveyed And Sold AS IS Due To Out Of State Absentee Owner.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Dryer - Electric, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Range Hood, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Bar, Carpet, Combination Dining/Living, Floor Plan - Traditional
  • Window Features: Screens, Sliding
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Slab
  • Floors In Unit Count: 3
  • Levels Count: 3
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Laundry Type: Main Floor, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 850
  • Living Area Sq Ft: 850
  • Price Per Sq Ft: 114.71
  • Above Grade Finished Sq Ft: 850
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Exterior Lighting, Satellite Dish, Street Lights
  • Roof: Asphalt
  • Spa: No
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Asphalt Driveway, Assigned, Paved Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable, Satellite

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 195.91
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Ambertowne
  • Condo Co-Op Phone: 301-694-6900
  • HOA Condo Co-Op Amenities: Common Grounds, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • Elementary School: CALL SCHOOL BOARD
  • Middle School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139693024
  • School District Source: Listing Agent
  • Elementary School: CALL SCHOOL BOARD
  • High School: CALL SCHOOL BOARD
  • Middle Or Junior School: CALL SCHOOL BOARD

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 64000.00
  • Land Assessed Value: 25000.00
  • Land Use Code: 010
  • Lot Features: Backs - Open Common Area, Cleared, Corner, Level, Front Yard
  • Outdoor Living Structures: Balcony
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: R20
  • Zoning Description: Residential
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 11510800
  • Tax Annual Amount: 1462.00
  • Assessor Parcel Number: 1102125641
  • Tax Lot: 8J
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/12/2021

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 12, 2021
Sold by
Sachtleben John A
Bought by
Behal Surinderpaul and Behal Neetu
Seller's Agent
J.B. Powell
Real Estate Teams, LLC
Buyer's Agent
J.B. Powell
Real Estate Teams, LLC
List Price
$97,500
Sold Price
$103,000
Premium/Discount to List
$5,500
5.64%
Current Estimated Value
$186,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,355
Avg. Annual Appreciation
15.20%

Purchase Details

Closed on
Apr 14, 2006
Sold by
Payne Marsha A and Payne Rory P
Bought by
Sachtleben John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
Payne Marsha A and Payne Rory P
Bought by
Sachtleben John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
O'Bryant Luther Earl
Bought by
Payne Marsha A and Payne Rory P

Purchase Details

Closed on
Apr 6, 1990
Sold by
Tucker Larry C and Tucker Madeline J
Bought by
O'Bryant Luther Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,550
Interest Rate
10.26%
Source: Public Records

Range of Values:

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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
Behal Surinderpaul $103,000 None Available
Sachtleben John A $144,900 --
Sachtleben John A $144,900 --
Payne Marsha A $69,990 --
O'Bryant Luther Earl $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sachtleben John A $116,675
Previous Owner Sachtleben John A $115,900
Previous Owner Sachtleben John A $115,900
Previous Owner O'Bryant Luther Earl $68,550
Closed Payne Marsha A --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $103,000 +5.6% $121 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $97,500 0.0% $115 / Sq Ft
06/07/2013 06/07/13 Rented $875 0.0% --
06/07/2013 06/07/13 Under Contract -- -- --
05/07/2013 05/07/13 For Rent $875 -- --
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 $2,242 $135,000 $45,000 $90,000
2024 $2,242 $119,667 $0 $0
2023 $1,907 $104,333 $0 $0
2022 $1,628 $89,000 $25,000 $64,000
2021 $1,523 $83,000 $0 $0
2020 $1,424 $77,000 $0 $0
2019 $1,304 $71,000 $21,000 $50,000
2018 $1,213 $68,000 $0 $0
2017 $1,142 $71,000 $0 $0
2016 $990 $62,000 $0 $0
2015 $990 $58,667 $0 $0
2014 $990 $55,333 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2002044

Bright MLS

APN: 02-125641