Seller's Agent in 2021
John Lee
RE/MAX
(301) 264-6577
2 in this area
95 Total Sales
532 Palmspring Dr Gaithersburg, MD 20878
Estimated Value: $480,506 - $499,000
2
Beds
3.5
Baths
1,660
Sq Ft
$293/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Deck
- Patio
- Fields Road Elementary School Rated A-
- Community Pool
- More Than Two Accessible Exits
About This Home
As of October 2021Come and enjoy a life of relaxation in this bright and inviting three-level townhome! A classic brick exterior gives way to a lovely, open concept interior that begins with wood flooring in the kitchen and foyer area. The kitchen is flooded with natural light through its large window that overlooks the neighborhood and features an abundance of cabinet and counter space as well as space for a cozy breakfast table, and a convenient pass-through to the dining area. Make your way into the main living space with room to relax; a separate dining area offers a few steps down to a sunken living room, with ample space and a large sliding door leading to the back deck - ensuring breezy indoor/outdoor entertaining flow! A half bath rounds out this floor. Upstairs, two generously sized bedrooms will allow for endless relaxation. Both bedrooms feature large windows, ample closet space, and soaring vaulted ceilings, making them bright and airy. The owner’s suite offers access to a private attached bath, while a full hall bath services the second bedroom and whole upper level. Continue down to the partially finished lower level, where an expansive, flexible family room awaits. Another full bath can be found on this level, as well as an unfinished utility and laundry area and walk-out access to the fenced rear yard. With a wonderful location in Gaithersburg, just moments from local commuter routes, job sites, public transit, and numerous shopping and dining hot spots - this home is a true must-see!
Last Agent to Sell the Property
(301) 264-6577 john@cnlteam.com RE/MAX Realty Services License #583762 Listed on: 09/02/2021
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,058
Year Built
- Built in 1990
Lot Details
- 2,200 Sq Ft Lot
- Northeast Facing Home
HOA Fees
- $94 Monthly HOA Fees
Home Design
- Colonial Architecture
- Block Foundation
- Frame Construction
- Architectural Shingle Roof
- Brick Front
Interior Spaces
- Property has 3 Levels
- Ceiling Fan
Bedrooms and Bathrooms
- 2 Bedrooms
Finished Basement
- Heated Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Interior and Exterior Basement Entry
- Laundry in Basement
- Basement Windows
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Paved Parking
- Parking Lot
- Unassigned Parking
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Deck
- Patio
Schools
- Fields Road Elementary School
- Ridgeview Middle School
- Quince Orchard High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Back Up Electric Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 39
- Assessor Parcel Number 160902705532
Community Details
Overview
- Association fees include common area maintenance, management, pool(s), reserve funds, road maintenance, snow removal
- Park Summit HOA
- Park Summit Codm Subdivision
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 2, 2021
Closed on
Oct 11, 2021
Sold by
Braisted Rosario Jan and The Charlie B Lau Trust
Bought by
Zheng Charles Y and Xu Xi
Seller's Agent
John Lee
RE/MAX Realty Services
Buyer's Agent
Kelly Zhang
Signature Home Realty LLC
List Price
$412,500
Sold Price
$400,000
Premium/Discount to List
-$12,500
-3.03%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,627
Avg. Annual Appreciation
5.00%
Original Mortgage
$320,000
Outstanding Balance
$291,810
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$194,817
Purchase Details
Closed on
Mar 14, 2011
Sold by
Lau Nancy G
Bought by
Charlie B Lau Trust
Purchase Details
Closed on
Dec 8, 2010
Sold by
Lau Nancy G
Bought by
Charlie B Lau Trust
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zheng Charles Y | $400,000 | Evergreen Settlement Co Inc | |
| Charlie B Lau Trust | -- | -- | |
| Charlie B Lau Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zheng Charles Y | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2021 10/11/21 | Sold | $400,000 | -3.0% | $241 / Sq Ft |
| 09/09/2021 09/09/21 | Pending | -- | -- | -- |
| 09/02/2021 09/02/21 | For Sale | $412,500 | -- | $248 / 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 | $4,797 | $375,633 | -- | -- |
| 2024 | $4,797 | $351,067 | $0 | $0 |
| 2023 | $3,754 | $326,500 | $120,000 | $206,500 |
| 2022 | $3,578 | $320,000 | $0 | $0 |
| 2021 | $3,512 | $313,500 | $0 | $0 |
| 2020 | $3,407 | $307,000 | $120,000 | $187,000 |
| 2019 | $3,367 | $305,433 | $0 | $0 |
| 2018 | $3,353 | $303,867 | $0 | $0 |
| 2017 | $3,212 | $302,300 | $0 | $0 |
| 2016 | -- | $284,567 | $0 | $0 |
| 2015 | $3,450 | $266,833 | $0 | $0 |
| 2014 | $3,450 | $249,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Lee
-
Kelly Zhang
Buyer's Agent in 2021
Kelly Zhang
Signature Home Realty LLC
(301) 919-8291
8 in this area
112 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2011562
APN: 09-02705532
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.
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
- 446 Palmspring Dr
- 522 Palmtree Dr
- 501 Palmtree Dr Unit 3
- 507 White Surf Dr
- 525 Philmont Dr
- 618 Lakeworth Dr
- 744 Clifftop Dr
- 13 Prairie Rose Ct
- 105 Timberbrook Ln Unit 301
- 103 Timberbrook Ln Unit 104
- 117 Norwich Ln
- 758 W Side Dr Unit 7G
- 128 Bent Twig Ln
- 510 Diamondback Dr Unit 371
- 510 Diamondback Dr Unit 469
- 502 Diamondback Dr Unit 502
- 506 Diamondback Dr Unit 438
- 510 Diamondback Dr Unit 468
- 137 Timberbrook Ln Unit 103
- 113 Lamont Ln
- 534 Palmspring Dr
- 530 Palmspring Dr
- 536 Palmspring Dr
- 538 Palmspring Dr
- 540 Palmspring Dr
- 526 Palmspring Dr
- 640 Coral Reef Dr
- 642 Coral Reef Dr
- 638 Coral Reef Dr
- 650 Coral Reef Dr
- 524 Palmspring Dr
- 636 Coral Reef Dr
- 652 Coral Reef Dr
- 648 Coral Reef Dr
- 644 Coral Reef Dr
- 654 Coral Reef Dr
- 634 Coral Reef Dr
- 522 Palmspring Dr
- 632 Coral Reef Dr
- 658 Coral Reef Dr