NOT LISTED FOR SALE

504 Philmont Dr Unit 9 Gaithersburg, MD 20878

Estimated Value: $256,330 - $269,000

2 Beds
1 Bath
872 Sq Ft
1,786 Sq Ft Lot

Last Sold October 17, 2022

Last sale price $225,000 $258 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,650/month

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Tennis Courts
  • Fields Road Elementary School Rated A-
  • Community Pool
  • Breakfast Area or Nook

About This Home

As of January 2023

Bright, spacious condo unit with 2 bedrooms and 1 full bathroom on top level. Fresh paint and laminate floor. Gourmet kitchen with granite countertop. Large living room & dining room combo with cozy balcony. Laundry room is in-unit with full size washer & dryer. Water bill is covered by rent. Community pool and tennis courts. Close to Downtown Crown, The Rio, Kentlands, I270, Shady Grove Metro, ICC and bus services.

Last Agent to Rent the Property

Li Zhang

UnionPlus Realty, Inc. License #576093 Listed on: 10/21/2022

Last Renter's Agent

Elaine Koch

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1987

Lot Details

  • 1,786

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 872 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Schools

  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,650
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 11/1/22
  • $50 Application Fee
  • $50 Repair Deductible
  • Assessor Parcel Number 160902699554

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include trash, snow removal, pool(s), management, exterior building maintenance, insurance
  • Low-Rise Condominium
  • Park Summit Codm Community
  • Park Summit Codm Subdivision

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,575

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Date Available: 2022-11-01
  • Application Fee: 50.00
  • Pets Allowed: No
  • Security Deposit: 1650.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1987
  • Remarks Public: Bright, spacious condo unit with 2 bedrooms and 1 full bathroom on top level. Fresh paint and laminate floor. Gourmet kitchen with granite countertop. Large living room & dining room combo with cozy balcony. Laundry room is in-unit with full size washer & dryer. Water bill is covered by rent. Community pool and tennis courts. Close to Downtown Crown, The Rio, Kentlands, I270, Shady Grove Metro, ICC and bus services.
  • Repair Deductible: 50.00
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Interior Amenities: Combination Dining/Living, Breakfast Area, Floor Plan - Open
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 872
  • Living Area Sq Ft: 872
  • Price Per Sq Ft: 1.89
  • Above Grade Finished Sq Ft: 872
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 504

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, Below Grade
  • Construction Materials: Vinyl Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Trash, Snow Removal, Pool(s), Management, Ext Bldg Maint, Insurance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: U
  • Zoning: R20

Tax Info

  • Assessor Parcel Number: 13971010
  • Assessor Parcel Number: 160902699554
  • Tax Total Finished Sq Ft: 872
  • Tax Data Updated: No
  • Close Date: 01/01/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 17, 2022
Sold by
Ahmed Adeel
Bought by
Yao Yikun and Li Yongqin
Seller's Agent
Russell Brazil
RLAH @properties
Buyer's Agent
Li Zhang
UnionPlus Realty, Inc.
List Price
$225,000
Sold Price
$225,000
Total Days on Market
70
Views
14
Current Estimated Value
$263,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,333
Avg. Annual Appreciation
4.15%

Purchase Details

Listed on
Sep 5, 2017
Closed on
Oct 20, 2017
Sold by
Pang Elaine Y
Bought by
Ahmed Adeel and Qazi Ibrahim
Seller's Agent
Al Cardany
RE/MAX Town Center
Buyer's Agent
Russell Brazil
RLAH @properties
List Price
$179,900
Sold Price
$183,500
Premium/Discount to List
$3,600
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%
Original Mortgage
$137,625
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2011
Sold by
Russo Patricia C
Bought by
Pang Elaine Y

Purchase Details

Closed on
Jun 12, 2003
Sold by
Bistle Kelly M
Bought by
Russo Patricia C

Purchase Details

Closed on
Apr 6, 2001
Sold by
Robb Jacqueline M
Bought by
Bistle Kelly M

Purchase Details

Closed on
May 7, 1996
Sold by
Clark Catherine J
Bought by
Robb Jacqueline M
Source: Public Records

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
Yao Yikun $225,000 Icon Title
Ahmed Adeel $183,500 Rgs Title Llc
Pang Elaine Y $153,000 None Available
Russo Patricia C $136,900 --
Bistle Kelly M $77,500 --
Robb Jacqueline M $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahmed Adeel $137,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2023 01/01/23 Rented $1,650 0.0% --
12/28/2022 12/28/22 Off Market $1,650 -- --
11/15/2022 11/15/22 Price Changed $1,650 -2.9% $2 / Sq Ft
10/21/2022 10/21/22 For Rent $1,700 0.0% --
10/17/2022 10/17/22 Sold $225,000 0.0% $258 / Sq Ft
09/21/2022 09/21/22 For Sale $225,000 +22.6% $258 / Sq Ft
10/20/2017 10/20/17 Sold $183,500 +2.0% $210 / Sq Ft
09/10/2017 09/10/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $179,900 -2.0% $206 / Sq Ft
09/05/2017 09/05/17 Off Market $183,500 -- --
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 $2,575 $211,667 -- --
2024 $2,575 $193,333 $0 $0
2023 $2,326 $175,000 $52,500 $122,500
2022 $2,141 $170,000 $0 $0
2021 $2,152 $165,000 $0 $0
2020 $2,081 $160,000 $48,000 $112,000
2019 $2,088 $160,000 $48,000 $112,000
2018 $2,095 $160,000 $48,000 $112,000
2017 $2,083 $165,000 $0 $0
2016 -- $155,000 $0 $0
2015 $1,251 $145,000 $0 $0
2014 $1,251 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2073644

Bright MLS

APN: 09-02699554