NOT LISTED FOR SALE

504 Philmont Dr Unit 10 Gaithersburg, MD 20878

Estimated Value: $256,000 - $272,000

2 Beds
2 Baths
970 Sq Ft
$294/mo HOA Fee

Last Sold May 15, 2015

Last sale price $170,000 $175 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,946/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Breakfast Area or Nook
  • Fields Road Elementary School Rated A-
  • Upgraded Countertops
  • Forced Air Heating and Cooling System

About This Home

As of May 2015

$11,000.00 Price Reduction!! Bright, sunny and quiet 2 bedroom, 2 bath condo with newer HVAC,washer/dryer, new bathroom vanities and master shower stall. Pergo floors throughout. Balcony facing green area. Near shopping and 5 minutes from Kentlands and the Rio area.

Last Agent to Sell the Property

Deborah Gladstein

Berkshire Hathaway HomeServices PenFed Realty Listed on: 03/25/2015

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Vera Rizk

Weichert, REALTORS License #578711

Last Buyer's Agent

Sheena Saydam

Keller Williams Capital Properties License #638126

Keller Williams Capital Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 1987

Lot Details

  • Property is in very good condition

HOA Fees

  • $294 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 970 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Space Number Location: 7
  • Off-Street Parking

Schools

  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160902699565

Community Details

Overview

  • Association fees include water, pool(s)
  • Park Summit Condo HOA
  • Low-Rise Condominium
  • Park Summit Codm Community
  • Park Summit Codm Subdivision
  • The community has rules related to covenants

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,026

Year Built

Built in 1987

Lot Details

0

HOA Fees

$294 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2015-03-25
  • Year Built: 1987
  • Remarks Public: $11,000.00 Price Reduction!! Bright, sunny and quiet 2 bedroom, 2 bath condo with newer HVAC,washer/dryer, new bathroom vanities and master shower stall. Pergo floors throughout. Balcony facing green area. Near shopping and 5 minutes from Kentlands and the Rio area.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Combination Dining/Living, Breakfast Area, Upgraded Countertops, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 970
  • Living Area Sq Ft: 970
  • Price Per Sq Ft: 184.54
  • Above Grade Finished Sq Ft: 970
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 504

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Space Number Assigned: 7
  • Type Of Parking: Off Street

Utilities

  • Refuse: 16.73
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 294.39
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Water, Pool(s)
  • HOA Condo Co-Op Rules: Covenants
  • HOA Name: PARK SUMMIT CONDO
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • High School: QUINCE ORCHARD
  • School District Key: 121138126809
  • High School: QUINCE ORCHARD

Lot Info

  • Improvement Assessed Value: 108500.00
  • Land Assessed Value: 46500.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2014
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13971011
  • Tax Annual Amount: 2025.52
  • Assessor Parcel Number: 160902699565
  • Tax Total Finished Sq Ft: 970
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 05/15/2015

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2015
Closed on
May 15, 2015
Sold by
Haun John C
Bought by
Nickens Matthew
Seller's Agent
Deborah Gladstein
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Sheena Saydam
Keller Williams Capital Properties
List Price
$190,000
Sold Price
$170,000
Premium/Discount to List
-$20,000
-10.53%
Current Estimated Value
$262,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,223
Avg. Annual Appreciation
4.08%

Purchase Details

Closed on
Jul 7, 2011
Sold by
Kao Larry J
Bought by
Haun John C

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
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2006
Sold by
Kao Larry J
Bought by
Kao Larry J

Purchase Details

Closed on
Jun 20, 2001
Sold by
Glista Thomas K
Bought by
Kao Larry J and Kao Wang X
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
Nickens Matthew $170,000 First Amer Title Ins Corp
Haun John C $160,000 First American Title Ins Co
Kao Larry J -- --
Kao Larry J $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haun John C $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $170,000 -5.0% $175 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
04/01/2015 04/01/15 Price Changed $179,000 -5.8% $185 / Sq Ft
03/25/2015 03/25/15 For Sale $190,000 -- $196 / Sq Ft
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 $2,597 $205,000 -- --
2024 $2,597 $195,000 $0 $0
2023 $1,763 $185,000 $55,500 $129,500
2022 $2,225 $176,667 $0 $0
2021 $1,502 $168,333 $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 $1,610 $180,000 $0 $0
2016 -- $171,667 $0 $0
2015 $2,277 $163,333 $0 $0
2014 $2,277 $155,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002314093

Bright MLS

APN: 09-02699565