531 Lawson Way Unit 108 Rockville, MD 20850
King Farm Neighborhood
2
Beds
2
Baths
1,322
Sq Ft
$599/mo
HOA Fee
Highlights
- Transportation Service
- Traditional Architecture
- Community Pool
- Open Floorplan
- 1 Fireplace
- Community Center
About This Home
As of July 2025Beautifully remodeled King Farm ground unit condo. This unit can be sold furnished. The owner remodeled the home and lived here one week out of the month for the past few years, it is in great condition. Very quiet location within the building and quiet street. Very nice location within the neighborhood, close to parks, shopping & dinning.
Last Agent to Sell the Property
Holton Hills Realty LLC License #656001 Listed on: 03/30/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,991
Year Built
- Built in 2001
HOA Fees
- $599 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Traditional Architecture
Interior Spaces
- 1,322 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- 1 Fireplace
- Eat-In Kitchen
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Schools
- Gaithersburg High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 160403357984
Community Details
Overview
- Association fees include water
- Low-Rise Condominium
- King Farm Two Baileys Co Community
- King Farm Subdivision
Amenities
- Transportation Service
- Common Area
- Community Center
Recreation
- Community Pool
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2025
Closed on
Jul 10, 2025
Sold by
Mcnorial Wendy
Bought by
Eklund Nhi
Seller's Agent
Daniel Love
Holton Hills Realty LLC
Buyer's Agent
Sven Skarie
Real Broker, LLC - Annapolis
List Price
$449,000
Sold Price
$430,000
Premium/Discount to List
-$19,000
-4.23%
Total Days on Market
73
Views
104
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.05%
Original Mortgage
$190,000
Outstanding Balance
$190,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$255,823
Purchase Details
Closed on
Mar 17, 2008
Sold by
Shortledge Thomas E
Bought by
Dogbe Kokouvi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 3, 2008
Sold by
Shortledge Thomas E
Bought by
Dogbe Kokouvi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 7, 2005
Sold by
French Robert E
Bought by
Shortledge Thomas E and Shortledge Elizabeth
Purchase Details
Closed on
Mar 31, 2005
Sold by
French Robert E
Bought by
Shortledge Thomas E and Shortledge Elizabeth
Purchase Details
Closed on
Dec 28, 2001
Sold by
King Partners Two Ltd Ptnshp
Bought by
French Robert E
Similar Homes in Rockville, MD
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $430,000 | Results Title | |
| Deed | $330,000 | -- | |
| Deed | $330,000 | -- | |
| Deed | $347,000 | -- | |
| Deed | $347,000 | -- | |
| Deed | $162,758 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $190,000 | New Conventional | |
| Previous Owner | $214,500 | Purchase Money Mortgage | |
| Previous Owner | $214,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Sold | $430,000 | -4.2% | $325 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 03/30/2025 03/30/25 | For Sale | $449,000 | +26.5% | $340 / Sq Ft |
| 01/14/2022 01/14/22 | Sold | $355,000 | 0.0% | $269 / Sq Ft |
| 12/13/2021 12/13/21 | Pending | -- | -- | -- |
| 12/10/2021 12/10/21 | Price Changed | $355,000 | -2.6% | $269 / Sq Ft |
| 10/29/2021 10/29/21 | Price Changed | $364,500 | -4.1% | $276 / Sq Ft |
| 09/23/2021 09/23/21 | For Sale | $379,900 | -- | $287 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,991 | $296,667 | -- | -- |
| 2024 | $3,991 | $283,333 | $0 | $0 |
| 2023 | $4,488 | $270,000 | $81,000 | $189,000 |
| 2022 | $3,004 | $270,000 | $81,000 | $189,000 |
| 2021 | $3,710 | $270,000 | $81,000 | $189,000 |
| 2020 | $3,699 | $270,000 | $81,000 | $189,000 |
| 2019 | $3,709 | $270,000 | $81,000 | $189,000 |
| 2018 | $3,729 | $270,000 | $81,000 | $189,000 |
| 2017 | $4,199 | $310,000 | $0 | $0 |
| 2016 | $3,899 | $296,667 | $0 | $0 |
| 2015 | $3,899 | $283,333 | $0 | $0 |
| 2014 | $3,899 | $270,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Love
Seller's Agent in 2025
Daniel Love
Holton Hills Realty LLC
(301) 363-0340
3 in this area
18 Total Sales
-
Sven Skarie
Buyer's Agent in 2025
Sven Skarie
Real Broker, LLC - Annapolis
(314) 803-2406
1 in this area
143 Total Sales
-
Malicka Gnon-Konde
Seller's Agent in 2022
Malicka Gnon-Konde
Realty Advantage of Maryland LLC
(301) 806-3807
1 in this area
44 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2172162
APN: 04-03357984
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