NOT LISTED FOR SALE

531 Lawson Way Unit 202 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $497,949 - $592,000

2 Beds
2 Baths
1,660 Sq Ft
$480/mo HOA Fee

Last Sold August 28, 2023

Last sale price $459,000 $277 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,716/month

2 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Community Center
  • Contemporary Architecture
  • Tennis Courts
  • Elevator

About This Home

As of August 2023

Welcome to this exceptional 2-bedroom corner unit in the highly sought-after King Farm community in Rockville, MD. This condo offers a delightful combination of comfort, convenience, and flexibility to suit various lifestyle requirements.
The bedrooms in this condo are generously sized, providing ample space for relaxation and personalization. You'll have plenty of room for your furniture and décor to create a cozy and comfortable retreat.
The 1660 Sqft floor plan is thoughtfully designed to cater to different lifestyles. Whether you prefer an open layout for entertaining or defined spaces for privacy, this condo accommodates it all. There's also a superb office space or den, allowing you to work from home comfortably.
Prior to listing, the entire condo has been fully repainted, giving it a fresh and modern look. You can move in with peace of mind, knowing that the property has been meticulously prepared for its new owners.
As you enter the building, you'll be greeted by a warm and inviting foyer that sets the tone for the rest of this charming condo. It's a testament to the care and maintenance put into this property.
Being a corner unit, this condo is showered with natural light from multiple sides, creating a bright and cheerful living space. The large windows not only illuminate the interior but also offer delightful views of the surrounding neighborhood.
This condo in King Farm is truly a gem, offering not only the practicality of a well-maintained home but also the comfort and flexibility to suit your unique lifestyle. An additional benefit is that this property is VA assumable.

Last Agent to Sell the Property

Marc Cowan

(202) 476-9790 marcofdistinctionhomes@gmail.com Compass License #02252225930 Listed on: 08/10/2023

Compass

Last Buyer's Agent

James Taylor

(609) 287-6318 james.taylor@exprealty.com EXP Realty, LLC License #5002355

EXP Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,115

Year Built

  • Built in 2001

Lot Details

  • 3,180

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,660 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Carpet
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160403358000
  • $165 Front Foot Fee per year

Community Details

Overview

  • Association fees include insurance, lawn care front, lawn maintenance, management, trash, water
  • Low-Rise Condominium
  • King Farm Baileys Common Subdivision

Amenities

  • Community Center
  • Recreation Room
  • Elevator

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,115

Year Built

Built in 2001

Lot Details

0

HOA Fees

$480 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-08-10
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Carpet, Dining Area, Family Room Off Kitchen, Kitchen - Island, Soaking Tub, Window Treatments
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Laundry
  • Basement: No
  • Total Sq Ft: 1660
  • Living Area Sq Ft: 1660
  • Price Per Sq Ft: 276.51
  • Above Grade Finished Sq Ft: 1660
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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

Utilities

  • Refuse: 17.29
  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 480.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bike Trail, Community Center, Elevator, Exercise Room, Recreational Center, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Insurance, Lawn Care Front, Lawn Maintenance, Management, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: CPD1
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5115.00
  • Assessor Parcel Number: 160403358000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Front Foot Fee: 164.84

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 28, 2023
Sold by
Barney Richard Teal
Bought by
Baron Donna J
Seller's Agent
Marc Cowan
Compass
Buyer's Agent
James Taylor
EXP Realty, LLC
List Price
$459,000
Sold Price
$459,000
Views
111
Current Estimated Value
$529,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,987
Avg. Annual Appreciation
6.85%

Purchase Details

Listed on
Apr 3, 2016
Closed on
Jul 20, 2016
Sold by
Munier Ahmed and Munier Ashrofa
Bought by
Barney Richard and Ning Yulan
Seller's Agent
Swati Sinha
Samson Properties
Buyer's Agent
Marc Cowan
Compass
List Price
$430,000
Sold Price
$400,000
Premium/Discount to List
-$30,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$385,700
Interest Rate
3.56%
Mortgage Type
VA

Purchase Details

Listed on
Jun 27, 2012
Closed on
Sep 19, 2012
Sold by
Friedlander June and Friedlander Sue
Bought by
Munier Ahmed and Munier Ashrofa
Seller's Agent
Andi Fleming
Keller Williams Capital Properties
Buyer's Agent
Swati Sinha
Samson Properties
List Price
$374,500
Sold Price
$360,000
Premium/Discount to List
-$14,500
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.78%
Original Mortgage
$288,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2009
Sold by
Friedl
Bought by
Friedlander June

Purchase Details

Closed on
Feb 7, 2002
Sold by
King Partners Two Ltd Ptnshp
Bought by
Friedlander Flora K
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
Baron Donna J $459,000 First American Title
Baron Donna J $459,000 First American Title
Barney Richard $400,000 First American Title Ins Co
Munier Ahmed $360,000 Sage Title Group Llc
Friedlander June -- --
Friedlander Flora K $183,683 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barney Richard $385,700
Previous Owner Munier Ahmed $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2023 08/28/23 Sold $459,000 0.0% $277 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $459,000 +14.8% $277 / Sq Ft
07/21/2016 07/21/16 Sold $400,000 -2.4% $241 / Sq Ft View Prior Sale
06/22/2016 06/22/16 Pending -- -- --
04/29/2016 04/29/16 Price Changed $410,000 -2.4% $247 / Sq Ft
04/03/2016 04/03/16 Price Changed $420,000 -2.3% $253 / Sq Ft
04/03/2016 04/03/16 For Sale $430,000 +19.4% $259 / Sq Ft
09/19/2012 09/19/12 Sold $360,000 -1.2% $217 / Sq Ft View Prior Sale
08/12/2012 08/12/12 Pending -- -- --
07/27/2012 07/27/12 Price Changed $364,500 -2.7% $220 / Sq Ft
06/27/2012 06/27/12 For Sale $374,500 -- $226 / 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 $5,545 $420,000 -- --
2024 $5,545 $400,000 $0 $0
2023 $4,562 $380,000 $114,000 $266,000
2022 $4,900 $380,000 $114,000 $266,000
2021 $4,443 $380,000 $114,000 $266,000
2020 $8,855 $380,000 $114,000 $266,000
2019 $4,356 $373,333 $0 $0
2018 $4,296 $366,667 $0 $0
2017 $4,179 $360,000 $0 $0
2016 $4,665 $346,667 $0 $0
2015 $4,665 $333,333 $0 $0
2014 $4,665 $320,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marc Cowan

    Seller's Agent in 2023

    Marc Cowan

    Compass

    (202) 476-9790

    1 in this area

    45 Total Sales

    Marc Cowan
    Section Image

  • J

    Buyer's Agent in 2023

    James Taylor

    EXP Realty, LLC

    (609) 287-6318

    1 in this area

    8 Total Sales

    James Taylor
    Section Image

  • S

    Seller's Agent in 2016

    Swati Sinha

    Samson Properties

    (240) 462-3262

    18 Total Sales

    Swati Sinha
    Section Image
  • Andi Fleming

    Seller's Agent in 2012

    Andi Fleming

    Keller Williams Capital Properties

    (202) 997-2614

    27 Total Sales

    Andi Fleming
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2102890

Bright MLS

APN: 04-03358000

Maryland Montgomery County Rockville 20850 King Farm

531 Lawson Way Unit 202, Rockville, MD

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