NOT LISTED FOR SALE

506 Coral Reef Dr Gaithersburg, MD 20878

Estimated Value: $441,000 - $466,418

3 Beds
2.5 Baths
1,582 Sq Ft
$287/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $335,000 $212 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,937/month

5 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Wood Flooring
  • Fields Road Elementary School Rated A-
  • Deck
  • Upgraded Countertops

About This Home

As of January 2021

This beautiful townhome is located in on of the most desirable communities in Gaithersburg. Located within minutes to I-270, ICC, and public transit. Close to both Crown and Rio Centers with shopping, restaurants, and entertainment venues. This property features 3 bedrooms and 2.5 bathrooms with over 1,500 square feet of living space. The main level features a open concept living and dining room with hardwood flooring throughout. You also have direct access to your private outdoor patio. The kitchen has been upgraded with granite counters and has stainless steel appliances including a brand new refrigerator. The upper level features 2 spacious bedrooms with plenty of closet space and a full bathroom. There is also a convenient second floor laundry room. The top level of this home is the private master bedroom with hardwood flooring, walk-in closet, and an ensuite bath. This home has been well maintained with fresh paint and refinished hardwood flooring.

Last Agent to Sell the Property

Nathan Dart

RE/MAX Realty Group License #514678 Listed on: 12/03/2020

RE/MAX Realty Group

Last Buyer's Agent

Mei Zhou

DMV Landmark Realty, LLC License #530790

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,372

Year Built

  • Built in 1988

Lot Details

  • 1,240 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $94 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,582 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Parking

  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Fields Road Elementary School
  • Ridgeview Middle School
  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 160902646374

Community Details

Overview

  • Association fees include common area maintenance, trash, snow removal
  • Park Summit HOA, Phone Number (301) 540-8600
  • Park Summit Codm Subdivision

Recreation

  • Community Playground
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,372

Year Built

Built in 1988

Lot Details

0

HOA Fees

$94 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Stove, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer, Ceiling Fans.
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This beautiful townhome is located in on of the most desirable communities in Gaithersburg. Located within minutes to I-270, ICC, and public transit. Close to both Crown and Rio Centers with shopping, restaurants, and entertainment venues. This property features 3 bedrooms and 2.5 bathrooms with over 1,500 square feet of living space. The main level features a open concept living and dining room with hardwood flooring throughout. You also have direct access to your private outdoor patio. The kitchen has been upgraded with granite counters and has stainless steel appliances including a brand new refrigerator. The upper level features 2 spacious bedrooms with plenty of closet space and a full bathroom. There is also a convenient second floor laundry room. The top level of this home is the private master bedroom with hardwood flooring, walk-in closet, and an ensuite bath. This home has been well maintained with fresh paint and refinished hardwood flooring.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Stainless Steel Appliances, Stove, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Open, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1582
  • Living Area Sq Ft: 1582
  • Price Per Sq Ft: 211.76
  • Above Grade Finished Sq Ft: 1582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 506

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Refuse: 128.54
  • 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 Fees: 94.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Swimming Pool, Tot Lots/Playground, Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Trash, Snow Removal
  • HOA Name: PARK SUMMIT
  • HOA Phone: 301-540-8600
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: FIELDS ROAD
  • Middle School: RIDGEVIEW
  • High School: QUINCE ORCHARD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: FIELDS ROAD
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: RIDGEVIEW

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 144500.00
  • Land Assessed Value: 120000.00
  • Land Use Code: 011
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1240.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13970011
  • Tax Annual Amount: 3372.00
  • Assessor Parcel Number: 160902646374
  • Tax Lot: 40
  • Tax Total Finished Sq Ft: 1582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/15/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Jan 13, 2021
Sold by
Li Jianke and Song Xiaofang
Bought by
Lin Yu Ying
Seller's Agent
Nathan Dart
RE/MAX Realty Group
Buyer's Agent
Mei Zhou
DMV Landmark Realty, LLC
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$454,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,605
Avg. Annual Appreciation
6.14%
Original Mortgage
$268,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2013
Sold by
Liu Zhuohong
Bought by
Li Jianke and Song Xiaofang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2010
Sold by
Zavala Florentina
Bought by
Liu Zhuohong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2000
Sold by
Chew Boon W
Bought by
Zavala Florentina
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
Lin Yu Ying $335,000 Landmark Title Services Inc
Li Jianke $260,000 None Available
Liu Zhuohong $242,000 --
Zavala Florentina $108,103 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Yu Ying $268,000
Previous Owner Li Jianke $188,000
Previous Owner Liu Zhuohong $193,600
Previous Owner Zavala Florentina $25,762
Previous Owner Zavala Florentina $16,171
Previous Owner Zavala Florentina $209,000
Previous Owner Zavala Florentina $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $335,000 0.0% $212 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $335,000 -- $212 / 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
2024 $4,253 $311,433 $0 $0
2023 $4,702 $295,000 $120,000 $175,000
2022 $3,103 $284,833 $0 $0
2021 $5,977 $274,667 $0 $0
2020 $7,061 $264,500 $120,000 $144,500
2019 $3,372 $253,733 $0 $0
2018 $3,092 $242,967 $0 $0
2017 $3,139 $232,200 $0 $0
2016 $2,779 $228,100 $0 $0
2015 $2,779 $224,000 $0 $0
2014 $2,779 $219,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nathan Dart

    Seller's Agent in 2021

    Nathan Dart

    Remax Realty Group

    (301) 461-0693

    39 in this area

    544 Total Sales

    Section Image

  • M

    Buyer's Agent in 2021

    Mei Zhou

    DMV Landmark Realty, LLC

    (240) 888-3038

    1 in this area

    7 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC737200

Bright MLS

APN: 09-02646374

Maryland Montgomery County Gaithersburg 20878

506 Coral Reef Dr, Gaithersburg, MD

This home is located at 506 Coral Reef Dr, Gaithersburg, MD 20878 since 03 December 2020 and is currently estimated at $454,605, approximately $287 per square foot. This property was built in 1988. 506 Coral Reef Dr is a home located in Montgomery County with nearby schools including Fields Road Elementary School, Ridgeview Middle School, and Quince Orchard High School.

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