NOT LISTED FOR SALE

514 Palmspring Dr Gaithersburg, MD 20878

Estimated Value: $423,000 - $527,000

3 Beds
3.5 Baths
1,360 Sq Ft
$356/Sq Ft Est. Value

Last Sold October 26, 2012

Last sale price $314,000 $231 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,928/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Fields Road Elementary School Rated A-
  • Community Pool
  • Ceiling Fan

About This Home

As of August 2020

Three-level end-unit townhome features 3 bedrooms / 3.5 baths / huge deck with stairs / finished basement / walk-out basement / hardwood floors / w/w carpet / a fireplace / great location / close to major transportation / shopping center / major highways / -I270 / I-370 to ICC / minutes to Shady Grove Metro / RIO Center / rent as-is

Last Agent to Rent the Property

James Wu

(301) 674-3030 jameswuteam@compass.com Compass License #0225205230 Listed on: 08/14/2020

Compass

Co-Listed By

Johnny Ny

(301) 300-9968 johnny.ny@compass.com Compass

Last Renter's Agent

Regina Branco

(301) 828-0046 reginabrancogroup.llc@gmail.com Spring Hill Real Estate, LLC. License #611348

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,699

Year Built

  • Built in 1989

Lot Details

  • 3,703

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,360 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Windows

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,000
  • Tenant pays for cable TV, electricity, frozen waterpipe damage, heat, hot water, light bulbs/filters/fuses/alarm care, sewer, all utilities, windows/screens, water
  • No Smoking Allowed
  • 12-Month Min and 36-Month Max Lease Term
  • Available 8/15/20
  • $40 Application Fee
  • Assessor Parcel Number 160902705601

Community Details

Overview

  • Property has a Home Owners Association
  • Park Summit Codm Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,699

Year Built

Built in 1989

Lot Details

0

Rental Info

  • Date Available: 2020-08-15
  • Application Fee: 39.99
  • Pets Allowed: No
  • Security Deposit: 2000.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Electricity, Frozen Waterpipe Damage, Heat, Hot Water, Light Bulbs/Filters/Fuses/Alarm Care, Sewer, Utilities - All, Windows/Screens, Water
  • Vacation Rental: No
  • Property Manager: No
  • Max Lease in Months: 36
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1989
  • Automatically Close On Close Date: No
  • Remarks Public: Three-level end-unit townhome features 3 bedrooms / 3.5 baths / huge deck with stairs / finished basement / walk-out basement / hardwood floors / w/w carpet / a fireplace / great location / close to major transportation / shopping center / major highways / -I270 / I-370 to ICC / minutes to Shady Grove Metro / RIO Center / rent as-is
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Full, Fully Finished, Heated, Improved, Interior Access, Outside Entrance, Rear Entrance, Walkout Level, Windows
  • Total Sq Ft: 1360
  • Living Area Sq Ft: 1360
  • Price Per Sq Ft: 1.47
  • Above Grade Finished Sq Ft: 1360
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 514

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half 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: On Street, Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: 011
  • Zoning: R20

Tax Info

  • Assessor Parcel Number: 13971274
  • Assessor Parcel Number: 160902705601
  • Tax Total Finished Sq Ft: 1360
  • Close Date: 08/21/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2012
Closed on
Oct 26, 2012
Sold by
Guo Ji
Bought by
Chen Tuz Ling
Seller's Agent
James Wu
Compass
Buyer's Agent
James Wu
Compass
List Price
$320,000
Sold Price
$314,000
Premium/Discount to List
-$6,000
-1.88%
Current Estimated Value
$483,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,506
Avg. Annual Appreciation
3.37%
Original Mortgage
$251,200
Outstanding Balance
$173,830
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$309,676

Purchase Details

Closed on
Sep 28, 2009
Sold by
Ejzenberg Roseli
Bought by
Guo Ji
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
Chen Tuz Ling $314,000 Paradigm Title & Escrow Llc
Guo Ji $333,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Tuz Ling $251,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2020 08/21/20 Rented $2,050 +2.5% --
08/18/2020 08/18/20 Under Contract -- -- --
08/17/2020 08/17/20 Off Market $2,000 -- --
08/14/2020 08/14/20 For Rent $2,000 0.0% --
10/26/2012 10/26/12 Sold $314,000 -1.9% $231 / Sq Ft View Prior Sale
09/16/2012 09/16/12 Pending -- -- --
08/24/2012 08/24/12 For Sale $320,000 -- $235 / 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 $4,699 $357,800 -- --
2024 $4,699 $343,500 $0 $0
2023 $4,481 $329,200 $120,000 $209,200
2022 $4,337 $325,300 $0 $0
2021 $3,539 $321,400 $0 $0
2020 $3,539 $317,500 $120,000 $197,500
2019 $3,399 $307,967 $0 $0
2018 $3,283 $298,433 $0 $0
2017 $3,181 $288,900 $0 $0
2016 $3,245 $276,267 $0 $0
2015 $3,245 $263,633 $0 $0
2014 $3,245 $251,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Wu

    Landlord's Agent in 2020

    James Wu

    Compass

    (301) 674-3030

    4 in this area

    74 Total Sales

    James Wu
    Section Image

  • J

    Landlord's Co-Listing Agent in 2020

    Johnny Ny

    Compass

    (301) 300-9968

    11 Total Sales

    Johnny Ny
    Section Image
  • Regina Branco

    Tenant's Agent in 2020

    Regina Branco

    Spring Hill Real Estate, LLC.

    (301) 828-0046

    22 Total Sales

    Regina Branco
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC721326

Bright MLS

APN: 09-02705601

Maryland Montgomery County Gaithersburg 20878

514 Palmspring Dr, Gaithersburg, MD

This home is located at 514 Palmspring Dr, Gaithersburg, MD 20878 since 14 August 2020 and is currently priced at $483,506. This property was built in 1989. 514 Palmspring 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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