NOT LISTED FOR SALE

505 Reserve Champion Dr Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $1,130,000 - $1,276,000

5 Beds
4.5 Baths
4,695 Sq Ft
$259/Sq Ft Est. Value

Last Sold August 15, 2017

Last sale price $960,000 $204 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,668/month

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Dual Staircase
  • College Gardens Elementary School Rated A
  • Open Floorplan
  • 5-minute walk to King Farm Park

About This Home

As of August 2017

Magnificent colonial w/ 4,700 SF on 3 lvls only 1/2 block from pool: 9-ft ceils; custom paint, elaborate wainscoting & moldings; HDWD flrs on entire main lvl; LR w/ gas FP opens to FR w/ decorative columns separating; gourmet Corian kitchen w/ island cooktop, upgraded appliances & breakfast rm; MBR suite & 4 other BRs on upper lvl; LL RR w/ den & FB; extraordinary 2-tiered flagstone patio & walls.

Last Agent to Sell the Property

Michael Rose

Rory S. Coakley Realty, Inc. License #502908 Listed on: 06/23/2017

Co-Listed By

Christopher Nagel

Rory S. Coakley Realty, Inc.

Last Buyer's Agent

Eric Erickson

Legend Real Estate License #85063

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,683

Year Built

  • Built in 2000

Lot Details

  • 5,444 Sq Ft Lot
  • Property is Fully Fenced
  • Stone Retaining Walls
  • Extensive Hardscape
  • Property is in very good condition
  • Property is zoned CPD1

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Mantel
  • Double Pane Windows
  • Window Treatments
  • French Doors
  • Insulated Doors
  • Six Panel Doors
  • Mud Room
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Game Room
  • Home Gym
  • Wood Flooring
  • Finished Basement
  • Connecting Stairway
  • Monitored

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Built-In Oven
  • Down Draft Cooktop
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • In-Law or Guest Suite
  • 4.5 Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • College Gardens Elementary School
  • Julius West Middle School
  • Richard Montgomery High School

Utilities

  • Humidifier
  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Dispenser
  • 60 Gallon+ Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 160403259952
  • $364 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), reserve funds
  • Built by M/I HOMES
  • King Farm Watkins Pond Subdivision, Bell Haven Floorplan
  • King Farm Community
  • The community has rules related to alterations or architectural changes, covenants, no recreational vehicles, boats or trailers

Amenities

  • Common Area
  • Party Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,683

Year Built

Built in 2000

Lot Details

0

HOA Fees

$113 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2017-06-24
  • Year Built: 2000
  • Remarks Public: Magnificent colonial w/ 4,700 SF on 3 lvls only 1/2 block from pool: 9-ft ceils; custom paint, elaborate wainscoting & moldings; HDWD flrs on entire main lvl; LR w/ gas FP opens to FR w/ decorative columns separating; gourmet Corian kitchen w/ island cooktop, upgraded appliances & breakfast rm; MBR suite & 4 other BRs on upper lvl; LL RR w/ den & FB; extraordinary 2-tiered flagstone patio & walls.
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Icemaker, Oven - Wall, Refrigerator, Washer, Water Dispenser
  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Kitchen - Gourmet, Kitchen - Island, Dining Area, Chair Railings, Upgraded Countertops, Crown Moldings, Double/Dual Staircase, Primary Bath(s), Wood Floors, Whirlpool/Hottub, Built-Ins, Window Treatments, Wainscotting, Recessed Lighting, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Insulated, Six Panel
  • Wall Ceiling Types: 9'+ Ceilings, Tray Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Foyer, Breakfast Room, Exercise Room, In-Law/AuPair/Suite, Mud Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 4695
  • Living Area Sq Ft: 4695
  • Price Per Sq Ft: 287.97
  • Above Grade Finished Sq Ft: 3299
  • Below Grade Finished Sq Ft: 1396
  • Total Below Grade Sq Ft: 1396
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Extensive Hardscape, Sidewalks, Stone Retaining Walls
  • Pool Private: No
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street, Attached Garage

Utilities

  • Refuse: 29.50
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned, Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air, Humidifier, Zoned, Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Natural Gas
  • Security: Monitored
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 112.80
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Common Grounds, Exercise Room, Party Room, Pool - Outdoor, Recreational Center, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Covenants, Fencing, Rv/Boat/Trail
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: COLLEGE GARDENS
  • Middle School: JULIUS WEST
  • High School: RICHARD MONTGOMERY
  • School District Key: 121138126809
  • Elementary School: COLLEGE GARDENS
  • High School: RICHARD MONTGOMERY
  • Middle Or Junior School: JULIUS WEST

Lot Info

  • Fencing: Fully
  • Improvement Assessed Value: 416420.00
  • Land Assessed Value: 426970.00
  • Lot Size Acres: 0.12
  • Lot Size Area: 5444
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5444.00
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Year Assessed: 2008
  • Zoning: CPD1
  • In City Limits: Yes

Building Info

  • Builder Name: M/I HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14077843
  • Tax Annual Amount: 9683.47
  • Assessor Parcel Number: 160403259952
  • Tax Lot: 15
  • Tax Total Finished Sq Ft: 3299
  • Tax Year: 2008
  • Close Date: 08/15/2017

Multi Family

  • Front Foot Fee: 363.58

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2017
Closed on
Aug 15, 2017
Sold by
Palance Arthur
Bought by
Sabnis Adheesh Ashok and Abraham Jasmine Lilly
Seller's Agent
Michael Rose
Rory S. Coakley Realty, Inc.
Buyer's Agent
Eric Erickson
Legend Real Estate
List Price
$950,000
Sold Price
$960,000
Premium/Discount to List
$10,000
1.05%
Current Estimated Value
$1,215,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,890
Avg. Annual Appreciation
2.97%
Original Mortgage
$768,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2008
Sold by
Caulfield Terrence C
Bought by
Palance Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2008
Sold by
Caulfield Terrence C
Bought by
Palance Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2001
Sold by
Tan Chee S
Bought by
Caulfield Terrence C and Caulfied Elena M

Purchase Details

Closed on
Dec 21, 2000
Sold by
M/I Schottenstein Homes Inc
Bought by
Tan Chee S
Source: Public Records

Range of Values:

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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
Sabnis Adheesh Ashok $960,000 Lakeside Title Co
Palance Michael D $865,000 --
Palance Michael D $865,000 --
Caulfield Terrence C $435,000 --
Tan Chee S $436,060 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabnis Adheesh Ashok $710,000
Closed Sabnis Adheesh Ashok $768,000
Previous Owner Palance Michael D $692,000
Previous Owner Palance Michael D $692,000
Previous Owner Caulfield Terrence C $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $960,000 +1.1% $204 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
06/23/2017 06/23/17 For Sale $950,000 -- $202 / 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 $12,907 $973,800 -- --
2024 $12,907 $915,400 $408,000 $507,400
2023 $11,856 $895,900 $0 $0
2022 $11,267 $876,400 $0 $0
2021 $11,316 $856,900 $388,700 $468,200
2020 $11,316 $854,500 $0 $0
2019 $11,309 $852,100 $0 $0
2018 $11,343 $849,700 $388,700 $461,000
2017 $11,274 $833,100 $0 $0
2016 $8,584 $816,500 $0 $0
2015 $8,584 $799,900 $0 $0
2014 $8,584 $762,933 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Rose

    Seller's Agent in 2017

    Michael Rose

    Rory S. Coakley Realty, Inc.

    (301) 814-3200

    12 in this area

    146 Total Sales

    Michael Rose
    Section Image
  • Christopher Nagel

    Seller Co-Listing Agent in 2017

    Christopher Nagel

    Rory S. Coakley Realty, Inc.

    (301) 787-8001

    11 in this area

    133 Total Sales

    Christopher Nagel
    Section Image
  • Eric Erickson

    Buyer's Agent in 2017

    Eric Erickson

    Legend Real Estate

    (410) 551-2700

    27 Total Sales

    Eric Erickson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002544183

Bright MLS

APN: 04-03259952

Maryland Montgomery County Rockville 20850 King Farm

505 Reserve Champion Dr, Rockville, MD

This home is located at 505 Reserve Champion Dr, Rockville, MD 20850 since 23 June 2017 and is currently estimated at $1,215,890, approximately $258 per square foot. This property was built in 2000. 505 Reserve Champion Dr is a home located in Montgomery County with nearby schools including College Gardens Elementary School, Julius West Middle School, and Richard Montgomery High School.

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