NOT LISTED FOR SALE

501 Palmtree Dr Unit 7 Gaithersburg, MD 20878

Estimated Value: $247,628 - $287,000

2 Beds
2 Baths
964 Sq Ft
$263/mo HOA Fee

Last Sold September 25, 2014

Last sale price $199,750 $207 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,991/month

10 Days on Market

Highlights

  • View of Trees or Woods
  • Open Floorplan
  • Upgraded Countertops
  • Fields Road Elementary School Rated A-
  • Wood Flooring
  • Community Pool

About This Home

As of September 2014

You will Love the Fresh Look and Feel of this 2-Bdrm 2-Bath Condo Gleaming w/ tender loving "Pride of Ownership". New Bamboo Floors thru-out; Granite in Kitchen / Baths; Kitchen w/ Breakfast Bar & Newer Appliances! All This AND 5-mins from where millions of dollars have been spent to bring you the BEST in Recreation, Shopping & Dining in the Area. A Commuters Dream Location!

Last Agent to Sell the Property

Karen Mackey

Century 21 Redwood Realty Listed on: 08/15/2014

Century 21 Redwood Realty

Last Buyer's Agent

Seth Haskins

NextHome Envision

NextHome Envision

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 1987

Lot Details

  • 1,655

HOA Fees

  • $263 Monthly HOA Fees

Property Views

  • Woods
  • Garden

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 964 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Six Panel Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Stove
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Space Number Location: 4H
  • 1 Assigned Parking Space

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Property is in very good condition

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 160902759614

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, insurance, pool(s), reserve funds, road maintenance, snow removal, water, trash
  • Low-Rise Condominium
  • Park Summit Codm Subdivision, Cute As A Button Floorplan
  • Park Summit Codm Community
  • The community has rules related to covenants

Amenities

  • Common Area

Recreation

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,988

Year Built

Built in 1987

Lot Details

0

HOA Fees

$263 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Year Built: 1987
  • Remarks Public: You will Love the Fresh Look and Feel of this 2-Bdrm 2-Bath Condo Gleaming w/ tender loving "Pride of Ownership". New Bamboo Floors thru-out; Granite in Kitchen / Baths; Kitchen w/ Breakfast Bar & Newer Appliances! All This AND 5-mins from where millions of dollars have been spent to bring you the BEST in Recreation, Shopping & Dining in the Area. A Commuters Dream Location!
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stove, Washer
  • Interior Amenities: Breakfast Area, Kitchen - Galley, Dining Area, Window Treatments, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Open
  • Window Features: Screens
  • Fireplace: No
  • Door Features: Six Panel, Sliding Glass
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 964
  • Living Area Sq Ft: 964
  • Price Per Sq Ft: 212.14
  • Above Grade Finished Sq Ft: 964
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

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
  • Construction Completed: No
  • View: Garden/Lawn, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Parking Space Number Assigned: 4H

Utilities

  • Refuse: 16.73
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 262.95
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Jog/Walk Path, Pool - Outdoor, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Insurance, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Water, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Covenants
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 105000.00
  • Land Assessed Value: 45000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2014
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13972230
  • Tax Annual Amount: 1988.37
  • Assessor Parcel Number: 160902759614
  • Tax Total Finished Sq Ft: 964
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 09/25/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2014
Closed on
Sep 25, 2014
Sold by
Besser Tara K and Gray Tara Besser
Bought by
Goll Johannes and Halpin Rebecca
Seller's Agent
Karen Mackey
Century 21 Redwood Realty
Buyer's Agent
Seth Haskins
NextHome Envision
List Price
$204,500
Sold Price
$199,750
Premium/Discount to List
-$4,750
-2.32%
Total Days on Market
10
Current Estimated Value
$269,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,657
Avg. Annual Appreciation
2.84%
Original Mortgage
$159,800
Outstanding Balance
$58,592
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$210,815

Purchase Details

Closed on
Feb 26, 2004
Sold by
Hsieh Piin and Uann
Bought by
Wu Hangchang F and Wu Ling L

Purchase Details

Closed on
May 30, 2003
Sold by
Simonini Kathleen P
Bought by
Hsieh Piin and Duann
Source: Public Records

Similar Homes in the area

  • 9800 Leatherfern Terrace Unit 303-255, Montgomery Village, MD 20886

    $295,000

    • 3 Beds
    • 2 Baths
    • 1,425 Sq Ft
    • 9800 Leatherfern Terrace
    • Unit 303-255
    • Montgomery Village, MD

    Discover an extraordinary top-floor condo that redefines luxurious living, featuring 3 spacious bedrooms and 2 full bathrooms. This exceptional property offers breathtaking views and a peaceful atmosphere that will leave you captivated. As you step inside, you’ll be welcomed by generous living spaces flooded with natural light, complemented by a cozy gas fireplace that adds warmth and elegance.

    Megan Bonanno TTR Sotheby's International Realty

    Section Image
  • 9810 Leatherfern Terrace Unit 301-267, Montgomery Village, MD 20886

    $269,000

    • 2 Beds
    • 2 Baths
    • 1,425 Sq Ft
    • 9810 Leatherfern Terrace
    • Unit 301-267
    • Montgomery Village, MD

    Elevate your lifestyle with this remarkable top-floor condo that exemplifies luxury living. Featuring 3 generous bedrooms and 2 full bathrooms, this property boasts stunning views and a serene ambiance that you won’t want to miss.As you enter, a welcoming atmosphere envelops you, with spacious living areas drenched in natural light and a cozy gas fireplace that brings an inviting warmth to the

    Megan Bonanno TTR Sotheby's International Realty

    Section Image
  • 18521 Boysenberry Dr Unit 242-172, Gaithersburg, MD 20879

    $225,000

    • 2 Beds
    • 1 Bath
    • 962 Sq Ft
    • 18521 Boysenberry Dr
    • Unit 242-172
    • Gaithersburg, MD

    18521 Boysenberry Drive, Unit 242-172, Gaithersburg, MDWelcome to this beautifully updated 2-bedroom, 1-bathroom first-level condo located in the tranquil Breckenridge Condominium community in Gaithersburg, Maryland. This outstanding home seamlessly combines modern enhancements with the beauty of nature.As you enter, you’ll be greeted by a fully remodeled kitchen featuring stainless steel

    Megan Bonanno TTR Sotheby's International Realty

    Section Image
  • 18521 Boysenberry Dr Unit 241-171, Gaithersburg, MD 20879

    $225,000

    • 2 Beds
    • 1 Bath
    • 962 Sq Ft
    • 18521 Boysenberry Dr
    • Unit 241-171
    • Gaithersburg, MD

    18521 Boysenberry Drive, Unit 241-177, Gaithersburg, MD2 bedroom, 1 bath unit with a private terrace and designated parking. This first floor condo features brand new engineered flooring, all-new appliances, a remodeled kitchen and bathroom, a new vanity, and freshly painted interiors. Enjoy the convenience of your own parking. The community offers fantastic amenities including a tennis court,

    Megan Bonanno TTR Sotheby's International Realty

    Section Image
  • 18503 Boysenberry Dr, Gaithersburg, MD 20879

    $225,000

    • 2 Beds
    • 1 Bath
    • 962 Sq Ft
    • 18503 Boysenberry Dr
    • Gaithersburg, MD

    18503 Boysenberry Drive, Unit 128-88, Gaithersburg, MD2 bedroom, 1 bath unit with a private balcony and designated parking. This second-floor condo features gas fireplace, all-new appliances, a remodeled kitchen and bathroom, a new vanity, and freshly painted interiors. Enjoy the convenience of your own parking. The community offers fantastic amenities including a tennis court, swimming pool,

    Megan Bonanno TTR Sotheby's International Realty

    Section Image
  • 501 Palmtree Dr Unit 3, Gaithersburg, MD 20878

    $274,900

    • 2 Beds
    • 2 Baths
    • 964 Sq Ft
    • 501 Palmtree Dr
    • Unit 3
    • Gaithersburg, MD

    Step into this rarely available 2-bedroom, 2-bath condo in the desirable Park Summit neighborhood. Thoughtfully updated, this home features windows that are less than five years old, a brand-new HVAC unit (air handler) for year-round comfort, and a stunning kitchen with two-tone cabinetry, quartz countertops, a stylish glass tile backsplash, and stainless steel appliances. The open-concept layout

    Patrick Beasley Keller Williams Capital Properties

    Section Image
  • 104 Duvall Ln Unit 30, Gaithersburg, MD 20877

    $225,000

    • 3 Beds
    • 2 Baths
    • 1,278 Sq Ft
    • 104 Duvall Ln
    • Unit 30
    • Gaithersburg, MD

    Stylish, Spacious & Move-In Ready — All Utilities Included!Welcome to 104 Duvall Ln #30-104, a freshly renovated, sun-drenched 3-bedroom, 2-bath condo offering over 1,270 sq ft of beautifully designed living space — all on the main level for easy access and comfort. This is more than just a home — it’s a turnkey lifestyle upgrade in the heart of Montgomery County.Step inside and immediately feel

    Carlos Credle Samson Properties

    Section Image
  • 9701 Fields Rd Unit 1800, Gaithersburg, MD 20878

    $225,000

    • 1 Bed
    • 1 Bath
    • 920 Sq Ft
    • 9701 Fields Rd
    • Unit 1800
    • Gaithersburg, MD

    Location and Convenience! This lovely 18th floor 1 Bedroom, 1 Bath condo is in the highly desirable Washingtonian Tower located in the heart of downtown centers, RIO Washingtonian Center and the Downtown Crown. As you enter the building you are welcomed by a 24-hour concierge and an elegant lobby with rich finishes and materials. Once you make your way up to this home, you will love the views

    Lisa Greaves Redfin Corp

    Section Image
  • 9701 Fields Rd Unit 800, Gaithersburg, MD 20878

    $215,000

    • 1 Bed
    • 1 Bath
    • 879 Sq Ft
    • 9701 Fields Rd
    • Unit 800
    • Gaithersburg, MD

    Welcome to this bright 1BR/1BA condo on the 8th floor of the sought-after Washingtonian Tower, complete with a garage parking spot and recently renovated bathroom.. Enjoy stunning views from this spacious unit with ample closet space. The building features a 24-hour concierge, elegant lobby, rooftop terrace, pool, penthouse lounge, and on-site maintenance. Ideally located just steps from RIO,

    Erich Cabe Compass

    Section Image
See All Homes in Gaithersburg

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Goll Johannes $199,750 Chicago Title Insurance Co
Wu Hangchang F $163,500 --
Wu Hangchang F $163,500 --
Hsieh Piin $145,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goll Johannes $159,800
Previous Owner Besser Tara K $198,071
Previous Owner Besser Tara K $208,311
Previous Owner Besser Tara K $207,714
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2014 09/25/14 Sold $199,750 -2.3% $207 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $204,500 -- $212 / 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
2024 $2,597 $195,000 $0 $0
2023 $1,763 $185,000 $55,500 $129,500
2022 $2,225 $176,667 $0 $0
2021 $0 $168,333 $0 $0
2020 $0 $160,000 $48,000 $112,000
2019 $1,396 $160,000 $48,000 $112,000
2018 $1,403 $160,000 $48,000 $112,000
2017 $1,588 $180,000 $0 $0
2016 -- $170,000 $0 $0
2015 $1,585 $160,000 $0 $0
2014 $1,585 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Mackey

    Seller's Agent in 2014

    Karen Mackey

    Century 21 Redwood Realty

    (301) 775-1705

    9 Total Sales

    Karen Mackey
    Section Image
  • Seth Haskins

    Buyer's Agent in 2014

    Seth Haskins

    NextHome Envision

    (703) 675-7660

    1 in this area

    53 Total Sales

    Seth Haskins
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003163602

Bright MLS

APN: 09-02759614

Maryland Montgomery County Gaithersburg 20878

501 Palmtree Dr Unit 7, Gaithersburg, MD

This home is located at 501 Palmtree Dr Unit 7, Gaithersburg, MD 20878 since 15 August 2014 and is currently estimated at $269,407, approximately $279 per square foot. This property was built in 1987. 501 Palmtree Dr Unit 7 is a home located in Montgomery County with nearby schools including Fields Road Elementary School, Ridgeview Middle School, and Quince Orchard High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes