NOT LISTED FOR SALE

503 Palmtree Dr Unit 1 Gaithersburg, MD 20878

Estimated Value: $233,927 - $262,000

2 Beds
1 Bath
900 Sq Ft
2,439 Sq Ft Lot

Highlights

  • Transportation Service
  • Private Pool
  • Contemporary Architecture
  • Fields Road Elementary School Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

As of July 2018

Updated 2 bedroom 1 bath condo on patio level close to Crown and Rio! compare the prices... This is the Best price in town for the amenities and location... Call Debra for you private showing.. This one won't last... Too Pretty.., Too convenient...too updated... Great Community with very social and BIG pool.. Tennis courts too!

Last Agent to Rent the Property

Debra Mead

Rollinmead Realty, Inc. Listed on: 05/15/2018

Last Renter's Agent

Debra Mead

Rollinmead Realty, Inc. Listed on: 05/15/2018

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,402

Year Built

  • Built in 1987

Lot Details

  • 2,439

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Parking Space Number Location: 3F
  • 1 Assigned Parking Space

Pool

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,425
  • Tenant pays for HVAC maintenance, insurance, light bulbs/filters/fuses/alarm care, minor interior maintenance, electricity, windows/screens
  • Rent includes common area maintenance, grounds maintenance, hoa/condo fee, lawn service, parking, pool maintenance, recreation facility, trash removal, water, sewer
  • No Smoking Allowed
  • 1-Month Min and 60-Month Max Lease Term
  • Available 5/19/18
  • $65 Application Fee
  • Assessor Parcel Number 160902670875

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include exterior building maintenance, lawn maintenance, management, insurance, reserve funds, road maintenance, pool(s), parking fee, snow removal, trash, water
  • Low-Rise Condominium
  • Park Summit Codm Community
  • Park Summit Codm Subdivision
  • The community has rules related to commercial vehicles not allowed, parking rules, no recreational vehicles, boats or trailers

Amenities

  • Transportation Service
  • Common Area

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,402

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Date Available: 2018-05-19
  • Application Fee: 65.00
  • Lease Term: Other
  • Pets Allowed: No
  • Rent Includes: Common Area Maintenance, Grounds Maintenance, Hoa/Condo Fee, Lawn Service, Parking, Pool Maintenance, Recreation Facility, Trash Removal, Water, Sewer
  • Security Deposit: 1425.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Hvac Maintenance, Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Minor Interior Maintenance, Electricity, Windows/Screens
  • Vacation Rental: No
  • Max Lease in Months: 60
  • Min Lease in Months: 1

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-05-16
  • Year Built: 1987
  • Remarks Public: Updated 2 bedroom 1 bath condo on patio level close to Crown and Rio! compare the prices... This is the Best price in town for the amenities and location... Call Debra for you private showing.. This one won't last... Too Pretty.., Too convenient...too updated... Great Community with very social and BIG pool.. Tennis courts too!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Combination Dining/Living, Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Patio
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 1.58
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 503

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
  • Construction Materials: Combination, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Parking Space Number Assigned: 3F

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Transportation Service
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Management, Insurance, Reserve Funds, Road Maintenance, Pool(s), Parking Fee, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Parking, Rv/Boat/Trail, Commercial Vehicles Prohibited
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809

Lot Info

  • Zoning: R20

Tax Info

  • Assessor Parcel Number: 13970589
  • Assessor Parcel Number: 160902670875
  • Tax Total Finished Sq Ft: 864
  • Close Date: 07/01/2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Gonzalez Carlos and Roncagliolo Giorgia
Bought by
Zhu Jia Li and Guo Yi
Current Estimated Value
$248,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Outstanding Balance
$127,442
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$122,239

Purchase Details

Closed on
Jun 9, 2005
Sold by
St John Gary B
Bought by
Gonzalez Carlos and Giorgia Roncagliolo

Purchase Details

Closed on
May 31, 2005
Sold by
St John Gary B
Bought by
Gonzalez Carlos and Giorgia Roncagliolo
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
Zhu Jia Li $185,000 Evergreen Settlement Co Inc
Gonzalez Carlos $207,100 --
Gonzalez Carlos $207,100 --
Gonzalez Carlos $207,100 --
Gonzalez Carlos $207,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Jia Li $138,750
Previous Owner Gonzalez Carlos $1,783,856
Previous Owner Gonzalez Carlos A $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 -- --
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 $2,402 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001183204

Bright MLS

APN: 09-02670875