503 Palmtree Dr Unit 1 Gaithersburg, MD 20878
Estimated payment $2,065/month
Highlights
- Colonial Architecture
- Community Pool
- Forced Air Heating and Cooling System
- Fields Road Elementary School Rated A-
- Tennis Courts
- Dogs and Cats Allowed
About This Home
Rare First-Floor Condo in Gaithersburg – This bright and spacious two-bedroom, one-bath condo is a rare find, located on the first floor with double-width luxury sliding doors providing direct access to the parking area. Enjoy new in-unit washer and dryer and ample storage with dual closets in the primary bedroom and closet systems throughout the second bedroom, linen closet, pantry, and coat closets.
The kitchen features new stainless steel stove and microwave, dual-basin sink, dishwasher, and refrigerator. Community amenities include a pool and tennis courts, with ample open parking available.
Condo fee + HOA fee is $410/month and includes water/sewer and access to community amenities. Conveniently located 2 miles to Rio Gaithersburg and I-270/I-370 spur, next to NIST, 4 miles to Kentlands, and under 10 miles to the Capital Beltway. Public transit is nearby with a bus stop one block away, 2 miles to MARC station, and about 5 miles to the Red Line Metro. Minutes to Johns Hopkins campus, Shady Grove Medical Center, and 3 miles to the Intercounty Connector (ICC).
Don’t miss this rare opportunity for first-floor living with direct parking access and a convenient location!
Listing Agent
(301) 244-0117 kellyzhang416@hotmail.com Signature Home Realty LLC Brokerage Phone: 3012440117 Listed on: 03/20/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,613
Year Built
- Built in 1987
HOA Fees
- $401 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Colonial Architecture
- Entry on the 1st floor
- Shingle Siding
Interior Spaces
- 864 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 160902670875
Community Details
Overview
- Association fees include all ground fee, common area maintenance, lawn maintenance, management, pool(s), sewer, trash, water
- Low-Rise Condominium
- Park Summit Codm Community
- Park Summit Codm Subdivision
Amenities
- Common Area
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Pet Policy
- Dogs and Cats Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,402 | $195,000 | -- | -- |
| 2024 | $2,402 | $180,000 | $0 | $0 |
| 2023 | $2,196 | $165,000 | $49,500 | $115,500 |
| 2022 | $2,080 | $160,000 | $0 | $0 |
| 2021 | $2,025 | $155,000 | $0 | $0 |
| 2020 | $1,955 | $150,000 | $45,000 | $105,000 |
| 2019 | $1,961 | $150,000 | $45,000 | $105,000 |
| 2018 | $1,909 | $150,000 | $45,000 | $105,000 |
| 2017 | $2,096 | $165,000 | $0 | $0 |
| 2016 | $2,090 | $155,000 | $0 | $0 |
| 2015 | $2,090 | $145,000 | $0 | $0 |
| 2014 | $2,090 | $135,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $275,000 | 0.0% | $318 / Sq Ft |
| 07/01/2018 07/01/18 | Rented | $1,425 | -3.4% | -- |
| 06/22/2018 06/22/18 | Under Contract | -- | -- | -- |
| 05/15/2018 05/15/18 | For Rent | $1,475 | +5.7% | -- |
| 11/01/2016 11/01/16 | Rented | $1,395 | -2.1% | -- |
| 10/19/2016 10/19/16 | Under Contract | -- | -- | -- |
| 07/13/2016 07/13/16 | For Rent | $1,425 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $185,000 | Evergreen Settlement Co Inc | |
| Deed | $207,100 | -- | |
| Deed | $207,100 | -- | |
| Deed | $207,100 | -- | |
| Deed | $207,100 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $138,750 | New Conventional |
Source: Bright MLS
MLS Number: MDMC2223088
APN: 09-02670875
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