NOT LISTED FOR SALE

516 New Mark Esplanade Rockville, MD 20850

Central Rockville Neighborhood

Estimated Value: $655,000 - $675,000

3 Beds
3.5 Baths
1,662 Sq Ft
$401/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $656,900 $395 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,481/month

5 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Community Lake
  • Recreation Room
  • Bayard Rustin Elementary Rated A
  • Clubhouse
  • 1 Fireplace

About This Home

As of July 2024

Welcome to 516 New Mark Esplanade and the vibrant New Mark Commons lifestyle. This Mid-Century modern, end-unit townhouse is tucked into a semi-private enclave with lush landscaping, backing to trees and a tranquil walking trail. The main level features a charming fenced patio at the entrance, welcoming entrance foyer, a spacious eat-in kitchen, hardwood flooring, living room and dining room with wood-burning fireplace. Enjoy your privacy and the serene view of trees from the spacious deck on the same level. The upper level features a primary bedroom suite with full bath and wall of closets. Two additional bedrooms and full bath. Light filled with large windows throughout. The lower level offers a spacious recreation room with a walkout to the patio, a full bath, a storage room, and a large utility/laundry room.
Experience a morning stroll along the lake, or indulge in the many New Mark Commons community amenities including the swimming pool, clubhouse, basketball court, tennis courts, walking paths, bike path, playground and community events. This home includes one assigned parking space (D-35) and plenty of unassigned parking spaces. Enjoy the convenience of being approximately 1 mile from the Rockville Metro Station and the Rockville Town Center events, restaurants, and shops. With easy access to 270, 495, and the Intercounty Connector (ICC) route, this home offers the perfect blend of peaceful surroundings and urban accessibility.
Photos Friday.

Last Agent to Sell the Property

Pat Cunningham

Compass Listed on: 06/06/2024

Compass

Last Buyer's Agent

Robin Rice

Compass License #SP200205787

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,232

Year Built

  • Built in 1968

Lot Details

  • 1,817 Sq Ft Lot

HOA Fees

  • $229 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Living Room
  • Breakfast Room
  • Dining Room
  • Recreation Room
  • Storage Room
  • Utility Room
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • 1 Assigned Parking Space
  • Unassigned Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 160400241803

Community Details

Overview

  • Association fees include common area maintenance, pool(s), reserve funds, snow removal, lawn maintenance
  • New Mark Commons HOA
  • New Mark Commons Subdivision
  • Community Lake

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,232

Year Built

Built in 1968

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Mid-Century Modern
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-06-07
  • Year Built: 1968
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 516 New Mark Esplanade and the vibrant New Mark Commons lifestyle. This Mid-Century modern, end-unit townhouse is tucked into a semi-private enclave with lush landscaping, backing to trees and a tranquil walking trail. The main level features a charming fenced patio at the entrance, welcoming entrance foyer, a spacious eat-in kitchen, hardwood flooring, living room and dining room with wood-burning fireplace. Enjoy your privacy and the serene view of trees from the spacious deck on the same level. The upper level features a primary bedroom suite with full bath and wall of closets. Two additional bedrooms and full bath. Light filled with large windows throughout. The lower level offers a spacious recreation room with a walkout to the patio, a full bath, a storage room, and a large utility/laundry room. Experience a morning stroll along the lake, or indulge in the many New Mark Commons community amenities including the swimming pool, clubhouse, basketball court, tennis courts, walking paths, bike path, playground and community events. This home includes one assigned parking space (D-35) and plenty of unassigned parking spaces. Enjoy the convenience of being approximately 1 mile from the Rockville Metro Station and the Rockville Town Center events, restaurants, and shops. With easy access to 270, 495, and the Intercounty Connector (ICC) route, this home offers the perfect blend of peaceful surroundings and urban accessibility. Photos Friday.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Breakfast Room, Recreation Room, Storage Room, Utility Room
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 2451
  • Living Area Sq Ft: 1662
  • Price Per Sq Ft: 382.07
  • Above Grade Finished Sq Ft: 1662
  • Below Grade Sq Ft: 789
  • Total Below Grade Sq Ft: 789
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

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: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Refuse: 497.07
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: 1375.00
  • HOA Fee Frequency: Semi-Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Jog/Walk Path, Lake, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Reserve Funds, Snow Removal, Lawn Maintenance
  • HOA Name: NEW MARK COMMONS
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1817.00
  • Year Assessed: 2024
  • Zoning: R90
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7232.00
  • Assessor Parcel Number: 160400241803
  • Tax Lot: 9
  • Tax Total Finished Sq Ft: 1662
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 07/03/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jun 24, 2024
Sold by
Lim Melissa Reese and Lim Joel Chung
Bought by
Kong Linda and Luo Jackson
Seller's Agent
Pat Cunningham
Compass
Buyer's Agent
Robin Rice
Compass
List Price
$635,000
Sold Price
$656,900
Premium/Discount to List
$21,900
3.45%
Views
27
Current Estimated Value
$665,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,899
Avg. Annual Appreciation
2.15%
Original Mortgage
$525,520
Outstanding Balance
$521,574
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$151,304

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 28, 2016
Sold by
Goldman Bette A
Bought by
Lim Joel Chung Syn and Lim Melissa Reese
Seller's Agent
Jane Dobridge
Long & Foster Real Estate, Inc.
Buyer's Agent
Pat Cunningham
Compass
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%
Original Mortgage
$400,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2005
Sold by
Stang Phyllis H
Bought by
Goldman Bette A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kong Linda $656,900 First American Title
Lim Joel Chung Syn $500,000 Fidelity Natl Title Ins Co
Goldman Bette A $520,000 --
Goldman Bette A $520,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kong Linda $525,520
Previous Owner Lim Joel Chung Syn $369,125
Previous Owner Lim Joel Chung Syn $400,000
Previous Owner Goldman Bette A $288,500
Previous Owner Goldman Bette A $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $656,900 +3.4% $395 / Sq Ft
06/06/2024 06/06/24 For Sale $635,000 +27.0% $382 / Sq Ft
06/28/2016 06/28/16 Sold $500,000 0.0% $301 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/20/2016 05/20/16 For Sale $499,900 -- $301 / 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 $7,486 $551,167 -- --
2024 $7,486 $514,000 $317,600 $196,400
2023 $6,540 $500,433 $0 $0
2022 $6,174 $486,867 $0 $0
2021 $5,943 $473,300 $302,500 $170,800
2020 $5,943 $471,800 $0 $0
2019 $5,933 $470,300 $0 $0
2018 $5,951 $468,800 $275,000 $193,800
2017 $5,830 $453,167 $0 $0
2016 $4,805 $437,467 $0 $0
2015 $4,805 $421,900 $0 $0
2014 $4,805 $421,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pat Cunningham

    Seller's Agent in 2024

    Pat Cunningham

    Compass

    (571) 259-1310

    1 in this area

    83 Total Sales

    Section Image
  • Robin Rice

    Buyer's Agent in 2024

    Robin Rice

    Compass

    (301) 655-8475

    2 in this area

    35 Total Sales

    Section Image
  • Jane Dobridge

    Seller's Agent in 2016

    Jane Dobridge

    Long & Foster

    (301) 929-1183

    18 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2134120

Bright MLS

APN: 04-00241803

Maryland Montgomery County Rockville 20850 Central Rockville

516 New Mark Esplanade, Rockville, MD

This home is located at 516 New Mark Esplanade, Rockville, MD 20850 since 06 June 2024 and is currently estimated at $665,799, approximately $400 per square foot. This property was built in 1968. 516 New Mark Esplanade is a home located in Montgomery County with nearby schools including Bayard Rustin Elementary, Julius West Middle School, and Richard Montgomery High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes