NOT LISTED FOR SALE

531 Lawson Way Unit 401 Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $502,000 - $795,000

3 Beds
2 Baths
2,252 Sq Ft
$462/mo HOA Fee

Last Sold June 23, 2016

Last sale price $565,000 $251 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,326/month

24 Days on Market

Highlights

  • Fitness Center
  • Eat-In Gourmet Kitchen
  • Rambler Architecture
  • Private Pool
  • Open Floorplan
  • Wood Flooring

About This Home

As of June 2016

Hard to find 3 bed 2 bath TOP FLOOR unit with Loft, OVERSIZED END UNIT ATTACHED GARAGE 3G.. and (4) Storage rooms (9-10-11-12).....Unit has all wood floors, new HVAC system and Water Heater ..Agents to access Garage and storage units go through the green door at the end of the hall to Garage 3G & Storage # 12 lots of Amenities........Walk or take Free Shuttle to Shady Grove Metro...Min to 270

Last Agent to Sell the Property

Sylvia Michael

sylvhomes@gmail.com RE/MAX Realty Centre, Inc. Listed on: 05/03/2016

Last Buyer's Agent

Jean Pagan-Bullock

(301) 908-6767 hjpbullock@gmail.com Long & Foster Real Estate, Inc. License #92673

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,468

Year Built

  • Built in 2001

Lot Details

  • 3,180

HOA Fees

  • $462 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Handicap Parking
  • Garage Door Opener
  • On-Street Parking
  • Unassigned Parking

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,252 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Screen For Fireplace
  • Fireplace Mantel
  • Window Treatments
  • Loft
  • Storage Room
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 48 inches wide or more
  • Garage doors are at least 85 inches wide
  • More Than Two Accessible Exits
  • Level Entry For Accessibility

Schools

  • Rosemont Elementary School
  • Forest Oak Middle School
  • Gaithersburg High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Private Pool
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160403358157
  • $165 Front Foot Fee per year

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, insurance, management, pool(s), reserve funds, road maintenance, snow removal, trash, water
  • Low-Rise Condominium
  • King Farm Baily Community
  • King Farm Baileys Common Subdivision

Amenities

  • Common Area
  • Community Center
  • Meeting Room
  • Party Room
  • Community Storage Space

Recreation

  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,468

Year Built

Built in 2001

Lot Details

0

HOA Fees

$462 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: 2+ Access Exits, Elevator, Level Entry - Main, >84" Garage Door, 48"+ Halls
  • Ownership: Condominium
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2016-05-03
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Kitchen - Gourmet, Breakfast Area, Kitchen - Table Space, Entry Level Bedroom, Built-Ins, Upgraded Countertops, Crown Moldings, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace Features: Mantel(s), Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Penthouse
  • Levels Count: 2
  • Room List: Loft, Storage Room
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2252
  • Living Area Sq Ft: 2252
  • Price Per Sq Ft: 257.10
  • Above Grade Finished Sq Ft: 2252
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Combination, Brick
  • Pool Private: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Garage, Handicap Parking, Unassigned
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Attached Garage

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 462.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Common Grounds, Community Center, Elevator, Exercise Room, Extra Storage, Jog/Walk Path, Meeting Room, Party Room, Pool - Outdoor, Tot Lots/Playground, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Insurance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Moving Fees Required, Pets - Allowed, Pets - Size Restrict
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School: ROSEMONT
  • High School: GAITHERSBURG
  • Middle Or Junior School: FOREST OAK

Green Features

  • Green Sustainability: Onsite Recycling Center
  • Green Water Conservation: Low-Flow Fixtures

Lot Info

  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Zoning: CPD1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5468.42
  • Assessor Parcel Number: 160403358157
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

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
May 3, 2016
Closed on
Jun 23, 2016
Sold by
Michael Sylvia
Bought by
Small Harvey and Small Ava
Seller's Agent
Sylvia Michael
RE/MAX Realty Centre, Inc.
Buyer's Agent
Jean Pagan-Bullock
Long & Foster Real Estate, Inc.
List Price
$579,000
Sold Price
$565,000
Premium/Discount to List
-$14,000
-2.42%
Current Estimated Value
$632,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,184
Avg. Annual Appreciation
1.21%

Purchase Details

Closed on
Oct 1, 2003
Sold by
Fogel Jo Benson
Bought by
Michael Sylvia

Purchase Details

Closed on
Jul 2, 2002
Sold by
Rich Benjamin P
Bought by
Fogel Jo Benson

Purchase Details

Closed on
Feb 27, 2002
Sold by
King Partners Two Ltd Ptnshp
Bought by
Rich Benjamin Preston and Pamela Berkeley Rich
Source: Public Records

Range of Values:

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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
Small Harvey $565,000 Rgs Title Llc
Michael Sylvia $365,000 --
Fogel Jo Benson $315,000 --
Rich Benjamin Preston $260,580 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2016 06/23/16 Sold $565,000 -2.4% $251 / Sq Ft
05/28/2016 05/28/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $579,000 +2.5% $257 / Sq Ft
05/17/2016 05/17/16 Off Market $565,000 -- --
05/16/2016 05/16/16 For Sale $579,000 +2.5% $257 / Sq Ft
05/04/2016 05/04/16 Off Market $565,000 -- --
05/03/2016 05/03/16 For Sale $579,000 -- $257 / 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 $6,654 $516,667 -- --
2024 $6,654 $483,333 $0 $0
2023 $4,799 $450,000 $135,000 $315,000
2022 $5,803 $450,000 $135,000 $315,000
2021 $4,686 $450,000 $135,000 $315,000
2020 $56 $450,000 $135,000 $315,000
2019 $4,611 $443,333 $0 $0
2018 $57 $436,667 $0 $0
2017 $5,120 $430,000 $0 $0
2016 -- $416,667 $0 $0
2015 $4,740 $403,333 $0 $0
2014 $4,740 $390,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sylvia Michael

    RE/MAX

  • Jean Pagan-Bullock

    Buyer's Agent in 2016

    Jean Pagan-Bullock

    Long & Foster

    (301) 908-6767

    66 Total Sales

    Jean Pagan-Bullock
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002419051

Bright MLS

APN: 04-03358157

Maryland Montgomery County Rockville 20850 King Farm

531 Lawson Way Unit 401, Rockville, MD

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