NOT LISTED FOR SALE

503 Palmtree Dr Unit 8 Gaithersburg, MD 20878

Estimated Value: $247,000 - $265,000

2 Beds
1 Bath
864 Sq Ft
$295/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $235,000 $272 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,993/month

About This Home

As of May 2023

2 bedroom condo for rent! Large and bright living room with 2 sliding doors leading to the cozy balcony. Two spacious bedrooms, In-unit laundry room with full-size washer & dryer. Beautiful kitchen with granite countertops. landlord pays condo fee which includes water. Community pool and tennis courts. Pets case by case with approval, $50 pets fee/month. $400 pet deposit. Fantastic location, Convenient to Downtown Crown, The Rio, Kentlands, I270, Shady Grove Metro, ICC, Bus Service. Available May 17th, Landlord will touch up walls, shampoo carpet and caulk the bathroom before new renters moving in, Occupied, schedule to show.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 19, 2023
Sold by
Sun Kun and Jiang Huiqun
Bought by
Sun Baiwei and Shu Daniel
Seller's Agent
Kelly Zhang
Signature Home Realty LLC
Buyer's Agent
Shuang Zhao
Signature Home Realty LLC
List Price
$239,000
Sold Price
$235,000
Premium/Discount to List
-$4,000
-1.67%
Views
162
Current Estimated Value
$255,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,104
Avg. Annual Appreciation
3.34%
Original Mortgage
$132,000
Outstanding Balance
$129,142
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$121,505

Purchase Details

Listed on
Mar 16, 2017
Closed on
Mar 24, 2017
Sold by
Diplpomat Property Manager Llc
Bought by
Sun Kum and Jiang Hui Qun
Seller's Agent
Yuanyuan Liu
Prostage Realty, LLC
Buyer's Agent
Yuanyuan Liu
Prostage Realty, LLC
Sold Price
$1,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$116,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2016
Sold by
Gamage Sunil M and Puwakdandawe Thamara
Bought by
Diplomat Property Manager Llc

Purchase Details

Closed on
Oct 11, 2007
Sold by
Olaya Maria
Bought by
Gamage Sunil M and Puwakdandawe Thamara W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2007
Sold by
Olaya Maria
Bought by
Gamage Sunil M and Puwakdandawe Thamara W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2005
Sold by
Olaya Maria
Bought by
Olaya Maria

Purchase Details

Closed on
Feb 8, 2005
Sold by
Olaya Maria
Bought by
Olaya Maria

Purchase Details

Closed on
Jan 24, 2003
Sold by
Secretary Of Housing & Urb Dev
Bought by
Olaya Maria

Purchase Details

Closed on
May 8, 2002
Sold by
Thomas Troy E
Bought by
Secretary Of Housing & Urb Dev

Purchase Details

Closed on
Jun 3, 1998
Sold by
Sec Of Housing & Urban Dev
Bought by
Thomas Troy E

Purchase Details

Closed on
Feb 18, 1998
Sold by
Ghavami Bahman
Bought by
Sec Of Housing & Urban Dev

Purchase Details

Closed on
Aug 31, 1994
Sold by
Demas Stephen G
Bought by
Ghavami Bahman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,950
Interest Rate
8.44%

Range of Values:

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Average Value
Not Available
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
Sun Baiwei $235,000 Old Republic National Title In
Sun Kum $155,000 Certified Title Corp
Diplomat Property Manager Llc -- None Available
Gamage Sunil M $223,900 --
Gamage Sunil M $223,900 --
Olaya Maria -- --
Olaya Maria -- --
Olaya Maria $95,000 --
Secretary Of Housing & Urb Dev $82,000 --
Thomas Troy E $68,100 --
Sec Of Housing & Urban Dev $76,800 --
Ghavami Bahman $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Baiwei $132,000
Previous Owner Sun Kum $116,250
Previous Owner Gamage Sunil M $223,900
Previous Owner Gamage Sunil M $223,900
Previous Owner Olaya Maria $200,000
Previous Owner Ghavami Bahman $69,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Rented $1,700 0.0% --
04/28/2024 04/28/24 Off Market $1,700 -- --
04/21/2024 04/21/24 For Rent $1,700 0.0% --
05/26/2023 05/26/23 Sold $235,000 -1.7% $272 / Sq Ft
04/06/2023 04/06/23 For Sale $239,000 0.0% $277 / Sq Ft
04/25/2017 04/25/17 Rented $1,350 -99.1% --
04/25/2017 04/25/17 Under Contract -- -- --
03/22/2017 03/22/17 Sold $155,000 0.0% $179 / Sq Ft
03/16/2017 03/16/17 For Rent $1,395 0.0% --
02/09/2017 02/09/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $154,900 0.0% $179 / Sq Ft
07/30/2013 07/30/13 Rented $1,300 -10.3% --
07/29/2013 07/29/13 Under Contract -- -- --
07/06/2013 07/06/13 For Rent $1,450 +7.4% --
06/29/2012 06/29/12 Rented $1,350 0.0% --
06/28/2012 06/28/12 Under Contract -- -- --
06/06/2012 06/06/12 For Rent $1,350 -- --

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 $2,575 $193,333 $0 $0
2023 $3,018 $175,000 $52,500 $122,500
2022 $2,141 $170,000 $0 $0
2021 $1,460 $165,000 $0 $0
2020 $1,389 $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 $2,096 $165,000 $0 $0
2016 -- $155,000 $0 $0
2015 $1,398 $145,000 $0 $0
2014 $1,398 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hanna Wang

    Seller's Agent in 2024

    Hanna Wang

    Prostage Realty, LLC

    (240) 398-8102

    13 in this area

    147 Total Sales

    Hanna Wang
    Section Image
  • Doug Rubin

    Buyer's Agent in 2024

    Doug Rubin

    Keller Williams Legacy

    (410) 440-6279

    26 Total Sales

    Doug Rubin
    Section Image
  • Kelly Zhang

    Seller's Agent in 2023

    Kelly Zhang

    Signature Home Realty LLC

    (301) 919-8291

    8 in this area

    102 Total Sales

    Kelly Zhang
    Section Image
  • Shuang Zhao

    Buyer's Agent in 2023

    Shuang Zhao

    Signature Home Realty LLC

    (301) 250-1095

    8 in this area

    171 Total Sales

    Shuang Zhao
    Section Image
  • Timon Mitrakas

    Seller's Agent in 2017

    Timon Mitrakas

    Bang Realty

    1 in this area

    25 Total Sales

    Timon Mitrakas
    Section Image

  • Y

    Seller's Agent in 2017

    Yuanyuan Liu

    Prostage Realty, LLC

    Section Image
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Map

Maryland Montgomery County Gaithersburg 20878

503 Palmtree Dr Unit 8, Gaithersburg, MD

Homes for Sale in Gaithersburg, MD

This home is located at 503 Palmtree Dr Unit 8, Gaithersburg, MD 20878 and is currently estimated at $255,104, approximately $295 per square foot. 503 Palmtree Dr Unit 8 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.

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