NOT LISTED FOR SALE

503 Summit Hall Rd Gaithersburg, MD 20877

Estimated Value: $395,000 - $423,000

4 Beds
2.5 Baths
1,498 Sq Ft
$271/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $220,000 $147 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,772/month

107 Days on Market

Highlights

  • View of Trees or Woods
  • Community Pool
  • Level Entry For Accessibility
  • Colonial Architecture
  • Jogging Path
  • Central Air

About This Home

As of April 2019

4 BR, 2.5 Bathroom condo, large W/o basement, Property sold strictly As-Is. Schedule online sentrilock located on front rail

Last Agent to Sell the Property

Wendy Vasquez

(301) 445-1395 generalmanager@smartrealtymd.com Smart Realty, LLC License #638314 Listed on: 12/18/2018

Smart Realty, LLC

Co-Listed By

Xavier Walker

(301) 424-9444 xwalkermd@gmail.com Independent Realty, Inc

Last Buyer's Agent

Hugo Quinonez

(301) 698-5005 hugorealtor2020@gmail.com RE/MAX Results

RE/MAX Results

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,189

Year Built

  • Built in 1971

Lot Details

  • 4,400

HOA Fees

  • $370 Monthly HOA Fees

Home Design

  • Colonial Architecture

Interior Spaces

  • 1,498 Sq Ft Home
  • Property has 3 Levels
  • Views of Woods

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • Summit Hall Elementary School
  • Ridgeview Middle School
  • Gaithersburg High School

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 160901779913

Community Details

Overview

  • Association fees include all ground fee, gas, parking fee, management, lawn maintenance, reserve funds, snow removal
  • Mtm Management Condos, Phone Number (301) 252-1222
  • Cedar Village Subdivision
  • Property Manager

Amenities

  • Common Area

Recreation

  • Community Pool
  • Jogging Path
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,189

Year Built

Built in 1971

Lot Details

0

HOA Fees

$370 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 1498
  • Living Area Sq Ft: 1498
  • Price Per Sq Ft: 180.24
  • Above Grade Finished Sq Ft: 1498
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: No
  • View: Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Refuse: 118.94
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 370.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: MTM Management
  • Condo Co-Op Phone: 301-252-1222
  • HOA Condo Co-Op Amenities: Bike Trail, Common Grounds, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Gas, Parking Fee, Management, Lawn Maintenance, Reserve Funds, Snow Removal
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: SUMMIT HALL
  • High School: GAITHERSBURG
  • Middle Or Junior School: RIDGEVIEW

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 117600.00
  • Land Assessed Value: 50400.00
  • Zoning: RPT
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 13952818
  • Tax Annual Amount: 2189.00
  • Assessor Parcel Number: 160901779913
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2018
Closed on
May 6, 2019
Sold by
Vasquez Wendy and Estate Of Bruce M Johnson
Bought by
Diaz Luis A
Seller's Agent
Wendy Vasquez
Smart Realty, LLC
Buyer's Agent
Hugo Quinonez
RE/MAX Results
List Price
$269,999
Sold Price
$220,000
Premium/Discount to List
-$49,999
-18.52%
Current Estimated Value
$406,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,066
Avg. Annual Appreciation
9.50%
Original Mortgage
$154,000
Outstanding Balance
$134,844
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$271,222

Purchase Details

Closed on
Mar 15, 2006
Sold by
Johnson Bruce M
Bought by
Johnson Bruce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 24, 2006
Sold by
Johnson Bruce M
Bought by
Johnson Bruce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 3, 2000
Sold by
Johnson Bruce M
Bought by
Johnson Bruce M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Diaz Luis A $220,000 Jacquies Title Group
Johnson Bruce M -- --
Johnson Bruce M -- --
Johnson Bruce M -- --
Johnson Bruce M -- --
Johnson Bruce M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Luis A $154,000
Previous Owner Johnson Bruce M $100,000
Previous Owner Johnson Bruce M $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $220,000 -18.5% $147 / Sq Ft
12/18/2018 12/18/18 For Sale $269,999 -- $180 / Sq Ft
Source: Bright MLS

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 $3,467 $288,667 -- --
2024 $3,467 $242,333 $0 $0
2023 $3,532 $196,000 $58,800 $137,200
2022 $1,975 $186,667 $0 $0
2021 $1,865 $177,333 $0 $0
2020 $3,454 $168,000 $50,400 $117,600
2019 $1,529 $165,333 $0 $0
2018 $315 $162,667 $0 $0
2017 $1,399 $160,000 $0 $0
2016 $385 $150,000 $0 $0
2015 $385 $163,333 $0 $0
2014 $385 $130,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wendy Vasquez

    Seller's Agent in 2019

    Wendy Vasquez

    Smart Realty, LLC

    (240) 370-2924

    2 in this area

    32 Total Sales

    Wendy Vasquez
    Section Image

  • X

    Seller Co-Listing Agent in 2019

    Xavier Walker

    Independent Realty, Inc

    Section Image
  • Hugo Quinonez

    Buyer's Agent in 2019

    Hugo Quinonez

    RE/MAX

    (240) 899-4689

    7 in this area

    123 Total Sales

    Hugo Quinonez
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC485706

Bright MLS

APN: 09-01779913

Maryland Montgomery County Gaithersburg 20877

503 Summit Hall Rd, Gaithersburg, MD

Not Listed for Sale

Townhouses

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