NOT LISTED FOR SALE

513 Watkins Mill Rd Gaithersburg, MD 20878

Estimated Value: $814,000 - $932,000

4 Beds
4 Baths
3,100 Sq Ft
$285/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $620,000 $200 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,547/month

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Wood Flooring
  • Lakelands Park Middle School Rated A
  • Colonial Architecture
  • Upgraded Countertops

About This Home

As of July 2017

Better than new construction! Bright & spacious fully-detached 4BR+den/2FB/2HB home w/2 covered balconies! Hardwood on main lv, gourmet kitchen w/granite cc & island breakfast bar. Open floor plan, 2-car attached garage, finished LL w/ den & extra living space & 1/2 bath.Close to Downtown Crown, Seneca State Park, Metro & I-270. 5 min walk to MARC station. 270 interchange + Urban Center planned.

Last Agent to Sell the Property

Jaenho Oh

(703) 772-7275 jenny@kwgenesis.com EXP Realty, LLC License #0225081643 Listed on: 02/23/2017

EXP Realty, LLC

Last Buyer's Agent

Erika Browne

(202) 553-6547 ebrowne@weichert.com Weichert, REALTORS

Weichert, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,224

Year Built

  • Built in 2011

Lot Details

  • 3,696 Sq Ft Lot
  • Property is in very good condition
  • Property is zoned MXD

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Front

Interior Spaces

  • Property has 3 Levels
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Dining Area
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry
  • Basement Windows

Schools

  • Brown Station Elementary School
  • Lakelands Park Middle School
  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 160903596434

Community Details

Overview

  • Association fees include pool(s), recreation facility, trash
  • Watkins Mill Town Center Subdivision

Amenities

  • Community Center
  • Meeting Room
  • Party Room

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Recreational Area
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,224

Year Built

Built in 2011

Lot Details

0

HOA Fees

$90 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2011
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Gourmet, Kitchen - Island, Dining Area, Primary Bath(s), Upgraded Countertops, Crown Moldings, Window Treatments, Wainscotting, Wood Floors
  • Window Features: Energy Star Qualified
  • Fireplace Features: Mantel(s), Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Daylight, Full, Fully Finished, Walkout Level, Windows
  • Living Area Units: Square Feet
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 240.38
  • Above Grade Finished Sq Ft: 2600
  • Below Grade Finished Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front
  • Pool Private: No
  • 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
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 118.91
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 90.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Community Center, Exercise Room, Fitness Center, Jog/Walk Path, Meeting Room, Non-Lake Recreational Area, Party Room, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Pool(s), Recreation Facility, Trash
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School: BROWN STATION
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: LAKELANDS PARK

Lot Info

  • Improvement Assessed Value: 318000.00
  • Land Assessed Value: 232600.00
  • Lot Size Acres: 0.08
  • Lot Size Area: 3696
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3696.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: MXD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14107150
  • Tax Annual Amount: 7223.72
  • Assessor Parcel Number: 160903596434
  • Tax Lot: 17
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2020
Sold by
Guntumadugu Ravi Varma and Guntumadugu Dhana Lakshmi
Bought by
Varma Ravi and Varma Dhana Lakshmi
Current Estimated Value
$882,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,300
Outstanding Balance
$449,049
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$433,842

Purchase Details

Listed on
Feb 23, 2017
Closed on
Jul 7, 2017
Sold by
Choe Peter Y and Yoo Jooohyun
Bought by
Guntumadugu Ravi Varma and Guntumadugu Dhana Lakshmi
Seller's Agent
Jaenho Oh
EXP Realty, LLC
Buyer's Agent
Erika Browne
Weichert, REALTORS
List Price
$660,000
Sold Price
$620,000
Premium/Discount to List
-$40,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%
Original Mortgage
$558,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2012
Sold by
Mtg Acquisition Llc
Bought by
Choe Peter Y and Yoo Joohyun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
3.86%
Mortgage Type
New Conventional
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
Varma Ravi -- Eagle Title Agency Llc
Guntumadugu Ravi Varma $620,000 None Available
Choe Peter Y $620,059 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varma Ravi $509,300
Closed Guntumadugu Ravi Varma $558,000
Previous Owner Choe Peter Y $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $620,000 -0.8% $200 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
05/10/2017 05/10/17 Price Changed $625,000 -3.8% $202 / Sq Ft
04/01/2017 04/01/17 Price Changed $650,000 -1.5% $210 / Sq Ft
02/23/2017 02/23/17 For Sale $660,000 +6.5% $213 / Sq Ft
02/23/2017 02/23/17 Off Market $620,000 -- --
01/14/2013 01/14/13 Rented $2,900 -3.3% --
01/05/2013 01/05/13 Under Contract -- -- --
12/26/2012 12/26/12 For Rent $3,000 -- --
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 $10,026 $784,033 -- --
2024 $10,026 $744,767 $0 $0
2023 $8,770 $705,500 $232,600 $472,900
2022 $8,438 $698,133 $0 $0
2021 $8,383 $690,767 $0 $0
2020 $8,252 $683,400 $232,600 $450,800
2019 $7,687 $639,133 $0 $0
2018 $7,144 $594,867 $0 $0
2017 $6,532 $550,600 $0 $0
2016 -- $532,000 $0 $0
2015 $1,858 $513,400 $0 $0
2014 $1,858 $494,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002489227

Bright MLS

APN: 09-03596434