503 Palmtree Dr Unit 8 Gaithersburg, MD 20878
2
Beds
1
Bath
864
Sq Ft
$262/mo
HOA Fee
Highlights
- Contemporary Architecture
- Community Pool
- Galley Kitchen
- Fields Road Elementary School Rated A-
- Balcony
- Forced Air Heating and Cooling System
About This Home
As of May 2023Second floor condo featuring 2 bedrooms, 1 full bath, living/dining room combo, standard white kitchen appliances, newer kitchen cabinets, new carpeting, washer/dryer in unit, balcony.
Last Agent to Sell the Property
Bang Realty License #0225179780 Listed on: 02/02/2017
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,096
Year Built
- Built in 1987
HOA Fees
- $262 Monthly HOA Fees
Parking
- On-Street Parking
Home Design
- Contemporary Architecture
- Brick Exterior Construction
Interior Spaces
- 864 Sq Ft Home
- Property has 1 Level
- Combination Dining and Living Room
- Galley Kitchen
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Balcony
Schools
- Fields Road Elementary School
- Ridgeview Middle School
- Quince Orchard High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 160902670944
Community Details
Overview
- Building Winterized
- Low-Rise Condominium
- Park Summit Codm Community
- Park Summit Codm Subdivision
Recreation
- Community Pool
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,959
Avg. Annual Appreciation
3.82%
Original Mortgage
$132,000
Outstanding Balance
$129,142
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$125,962
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%
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $235,000 | Old Republic National Title In | |
| Deed | $155,000 | Certified Title Corp | |
| Foreclosure Deed | -- | None Available | |
| Deed | $223,900 | -- | |
| Deed | $223,900 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $95,000 | -- | |
| Deed | $82,000 | -- | |
| Deed | $68,100 | -- | |
| Deed | $76,800 | -- | |
| Deed | $71,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $132,000 | New Conventional | |
| Previous Owner | $116,250 | New Conventional | |
| Previous Owner | $223,900 | Purchase Money Mortgage | |
| Previous Owner | $223,900 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Stand Alone Second | |
| Previous Owner | $69,950 | No Value Available |
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 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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
-
Seller's Agent in 2024
Hanna Wang
Prostage Realty, LLC
(240) 398-8102
14 in this area
146 Total Sales
-
Buyer's Agent in 2024
Doug Rubin
Keller Williams Legacy
(410) 440-6279
27 Total Sales
-
Seller's Agent in 2023
Kelly Zhang
Signature Home Realty LLC
(301) 919-8291
8 in this area
110 Total Sales
-
Buyer's Agent in 2023
Shuang Zhao
Signature Home Realty LLC
(301) 250-1095
8 in this area
169 Total Sales
-
Seller's Agent in 2017
Timon Mitrakas
Bang Realty
(301) 528-8835
1 in this area
20 Total Sales
-
Y
Seller's Agent in 2017
Yuanyuan Liu
Prostage Realty, LLC
Map
Source: Bright MLS
MLS Number: 1002484687
APN: 09-02670944
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