NOT LISTED FOR SALE

502 King Farm Blvd Unit 405 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $529,000 - $570,000

2 Beds
2 Baths
1,682 Sq Ft
$467/mo HOA Fee

Last Sold May 15, 2023

Last sale price $485,000 $288 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,826/month

52 Days on Market

Highlights

  • Colonial Architecture
  • Community Center
  • Picnic Area
  • Community Pool
  • 1 Elevator
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

Best Two Bed Room, Two full bath with Loft unit in King Farm. New Whirlpool Cook Range, Microwave Oven, Dishwasher, kitchen Facet. New carpet in Bed Rooms.
Urban life, in community shopping, restaurants..... community Pool, park....
Walk to Metro and minutes to I270 .

Last Agent to Sell the Property

Kuei Tung

Evergreen Properties License #535394 Listed on: 02/16/2023

Evergreen Properties

Last Buyer's Agent

Danielle Mannix

Compass License #617449

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,117

Year Built

  • Built in 2001

Lot Details

  • 2,091

HOA Fees

  • $467 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Colonial Architecture
  • A-Frame Home
  • Entry on the 1st floor
  • Advanced Framing

Interior Spaces

  • 1,682 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160403350208
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include insurance, lawn care front, management, pool(s), recreation facility, reserve funds, snow removal, trash
  • Low-Rise Condominium
  • King Farm Bailey Condos, Phone Number (301) 654-5107
  • King Farm Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Community Center
  • 1 Elevator

Recreation

  • Community Pool
  • Bike Trail

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,117

Year Built

Built in 2001

Lot Details

0

HOA Fees

$467 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: A-Frame, Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-02-16
  • Year Built: 2001
  • Automatically Close On Close Date: Yes
  • Remarks Public: Best Two Bed Room, Two full bath with Loft unit in King Farm. New Whirlpool Cook Range, Microwave Oven, Dishwasher, kitchen Facet. New carpet in Bed Rooms. Urban life, in community shopping, restaurants..... community Pool, park.... Walk to Metro and minutes to I270 .
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Elevators Count: 1
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1682
  • Living Area Sq Ft: 1682
  • Price Per Sq Ft: 291.02
  • Above Grade Finished Sq Ft: 1682
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

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: Advanced Framing
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 466.98
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: King Farm Bailey
  • Condo Co-Op Phone: 3016545107
  • HOA Condo Co-Op Amenities: Community Center, Bike Trail, Elevator, Picnic Area, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Insurance, Lawn Care Front, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash
  • 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
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 266000.00
  • Land Assessed Value: 114000.00
  • Year Assessed: 2023
  • Zoning: CPD1
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14085681
  • Tax Annual Amount: 5117.00
  • Assessor Parcel Number: 160403350208
  • Tax Total Finished Sq Ft: 1682
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/15/2023

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
Mar 22, 2024
Sold by
Haas Janice P
Bought by
Janice Haas Living Trust
Current Estimated Value
$541,615

Purchase Details

Listed on
Feb 16, 2023
Closed on
May 15, 2023
Sold by
Lee Bok D
Bought by
Haas Janice P
Seller's Agent
Kuei Tung
Evergreen Properties
Buyer's Agent
Danielle Mannix
Compass
List Price
$489,500
Sold Price
$485,000
Premium/Discount to List
-$4,500
-0.92%
Views
209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%

Purchase Details

Closed on
Oct 9, 2007
Sold by
Liu Angela
Bought by
Lee Bok D and Suet Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2007
Sold by
Liu Angela
Bought by
Lee Bok D and Suet Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2005
Sold by
Ye Li
Bought by
Liu Angela

Purchase Details

Closed on
Feb 10, 2005
Sold by
Ye Li
Bought by
Liu Angela

Purchase Details

Closed on
Nov 29, 2004
Sold by
Johnson Roger A
Bought by
Ye Li

Purchase Details

Closed on
Oct 11, 2001
Sold by
King Farm Partners Two Limited
Bought by
Johnson Roger A and Johnson Helen L
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
Janice Haas Living Trust -- None Listed On Document
Janice Haas Living Trust -- None Listed On Document
Haas Janice P $485,000 Old Republic National Title In
Haas Janice P $485,000 Old Republic National Title In
Lee Bok D $416,000 --
Lee Bok D $416,000 --
Liu Angela $419,900 --
Liu Angela $419,900 --
Ye Li $349,900 --
Johnson Roger A $199,710 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Bok D $197,200
Previous Owner Lee Bok D $203,000
Previous Owner Lee Bok D $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $485,000 -0.9% $288 / Sq Ft
03/08/2023 03/08/23 Price Changed $489,500 +3.1% $291 / Sq Ft
02/22/2023 02/22/23 Price Changed $475,000 -3.0% $282 / Sq Ft
02/16/2023 02/16/23 For Sale $489,500 -- $291 / 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 $5,948 $380,000 $114,000 $266,000
2022 $4,900 $380,000 $114,000 $266,000
2021 $8,850 $380,000 $114,000 $266,000
2020 $3,384 $380,000 $114,000 $266,000
2019 $4,358 $373,333 $0 $0
2018 $4,298 $366,667 $0 $0
2017 $4,181 $360,000 $0 $0
2016 -- $346,667 $0 $0
2015 $4,102 $333,333 $0 $0
2014 $4,102 $320,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kuei Tung

    Seller's Agent in 2023

    Kuei Tung

    Evergreen Properties

    (301) 908-8152

    2 in this area

    28 Total Sales

    Kuei Tung
    Section Image
  • Danielle Mannix

    Buyer's Agent in 2023

    Danielle Mannix

    Compass

    (301) 370-6505

    2 in this area

    86 Total Sales

    Danielle Mannix
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2082320

Bright MLS

APN: 04-03350208

Maryland Montgomery County Rockville 20850 King Farm

502 King Farm Blvd Unit 405, Rockville, MD

This home is located at 502 King Farm Blvd Unit 405, Rockville, MD 20850 since 16 February 2023 and is currently estimated at $541,615, approximately $322 per square foot. This property was built in 2001. 502 King Farm Blvd Unit 405 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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