Seller's Agent in 2023
Allie Ballew
Samson Properties
(301) 676-2844
1 in this area
66 Total Sales
505 Philmont Dr Gaithersburg, MD 20878
Estimated Value: $500,000 - $518,000
3
Beds
4
Baths
1,620
Sq Ft
$314/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Traditional Floor Plan
- Attic
- Fields Road Elementary School Rated A-
- Space For Rooms
- 1 Fireplace
About This Home
As of October 2023The one you have been waiting for! Stunning, beautifully updated, and meticulously cared for
townhome with sought out location, can be yours. Brand new GAF Timberline architectural roof
(warranty transfers) starts the lists of upgrades. Gorgeous Schuler raised panel cherry cabinets welcome
you into a well-appointed kitchen with new stainless-steel appliances and granite counters. The main
floor is filled with natural light thanks to a new full view front storm door, Pella French patio door and
double hung Pella windows. A wood burning ventilated fireplace is just waiting for your favorite artwork
to be placed above it! Now-let's go and check out the deck enhanced with flower boxes overlooking a nice fenced in yard-perfection. Follow me to the upper level where we will find three bedrooms-all with
paddle fans and complemented with closet systems. Primary bath with calacatta marble floors and
porcelain shower walls give a wonderful spa feeling and the updated light fixtures throughout -add a
nice touch. I may have saved the best for last-you decide. Inviting staircase guides us to the lower level
where we are greeted with a half bath, nice laundry area that offers Electrolux washer/dryer with
pedestals and a laundry sink. There is a work bench and area for storage too. Wait. It gets even better!
The lower level has been designed to transform into what you need. Features like the wet bar make
entertaining seamless and the open floor plan can be used as a home office, a rec room- you choose.
Walk out to your new patio and lush fenced in yard-perfect for gardening or simply relaxing. Plenty to
do in this highly sought-after Park Summit community. Stroll into the adjacent Malcolm King Park for a
gentle wooded parkland, take a dip in the large pool or play a match of tennis. For entertainment, you
are within 3 miles of Rio Washingtonian Center, Crown Farm or Kentlands restaurants, shopping and
movie theatres. Easy access to 270/370 lets you get on the interstate in minutes or to the metro station
for an easy commute.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,239
Year Built
- Built in 1986
Lot Details
- 2,180 Sq Ft Lot
- Privacy Fence
- Back Yard Fenced
- Property is in very good condition
HOA Fees
- $101 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Colonial Architecture
- Block Foundation
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Traditional Floor Plan
- Wet Bar
- Bar
- Ceiling Fan
- 1 Fireplace
- Window Treatments
- Combination Dining and Living Room
- Attic
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Bathroom
Finished Basement
- Heated Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior and Exterior Basement Entry
- Sump Pump
- Shelving
- Space For Rooms
- Workshop
- Laundry in Basement
- Basement Windows
Utilities
- Central Air
- Back Up Electric Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 160902434848
Community Details
Overview
- Association fees include management, pool(s), snow removal, trash
- Park Summit Codm Subdivision
Amenities
- Common Area
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2023
Closed on
Oct 31, 2023
Sold by
Young Timothy James and Young Virginia Oeding
Bought by
Parikh Salil
Seller's Agent
Allie Ballew
Samson Properties
Buyer's Agent
Yury Garamyan
Jason Mitchell Group
List Price
$476,990
Sold Price
$485,000
Premium/Discount to List
$8,010
1.68%
Views
318
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
$23,993
Avg. Annual Appreciation
2.51%
Original Mortgage
$388,000
Outstanding Balance
$381,164
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$125,798
Purchase Details
Closed on
Mar 27, 2003
Sold by
Oeding Virginia
Bought by
Young Virginia O and Young Timothy J
Purchase Details
Closed on
Jan 27, 1998
Sold by
L Gregory A and L Hermanson S
Bought by
Oeding Virginia
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parikh Salil | $485,000 | Flynn Title | |
| Young Virginia O | -- | -- | |
| Oeding Virginia | $138,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parikh Salil | $388,000 | |
| Previous Owner | Young Virginia Oeding | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $485,000 | +1.7% | $299 / Sq Ft |
| 09/30/2023 09/30/23 | For Sale | $476,990 | -- | $294 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $4,812 | $380,500 | -- | -- |
| 2024 | $4,812 | $352,200 | $0 | $0 |
| 2023 | $3,720 | $323,900 | $120,000 | $203,900 |
| 2022 | $3,547 | $317,533 | $0 | $0 |
| 2021 | $3,379 | $311,167 | $0 | $0 |
| 2020 | $3,379 | $304,800 | $120,000 | $184,800 |
| 2019 | $3,339 | $303,233 | $0 | $0 |
| 2018 | $3,325 | $301,667 | $0 | $0 |
| 2017 | $3,352 | $300,100 | $0 | $0 |
| 2016 | -- | $282,600 | $0 | $0 |
| 2015 | $3,061 | $265,100 | $0 | $0 |
| 2014 | $3,061 | $247,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Yury Garamyan
Jason Mitchell Group
(301) 204-4230
2 in this area
97 Total Sales
-
Buyer Co-Listing Agent in 2023
Carlos Espinoza
Jason Mitchell Group
(240) 426-8627
5 in this area
267 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2108396
APN: 09-02434848
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