NOT LISTED FOR SALE

545 Cedar Spring St Gaithersburg, MD 20877

Estimated Value: $629,116 - $663,000

4 Beds
3.5 Baths
3,608 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $627,000 $174 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,045/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Jogging Path
  • Frost Middle School Rated A
  • Community Center
  • 2 Car Attached Garage

About This Home

As of July 2024

Discover the epitome of spacious luxury living in this exceptional home, one of the largest models in the coveted Hidden Creek community. With over 3500 square feet of finished living space, this residence offers a perfect blend of elegance and comfort. Boasting 4 bedrooms, 3.5 baths, and a 2-car garage, this home provides ample space for the flexible living.

Step inside to be greeted by the grandeur of high ceilings, multiple porches, and a private back deck, creating an inviting ambiance for both indoor and outdoor living. The updated kitchen is a chef's delight, featuring a stylish island, granite countertops, and stainless steel appliances that elevate the cooking experience. The flexible entry level den provides the perfect space for a home office or additional living area, catering to the needs of modern living.

This home is perfectly positioned in a prime location, offering easy access to major commuter routes and being in close proximity to the thriving Gaithersburg area. Additionally, its proximity to the eventual Lakeforest Mall redevelopment adds an exciting dimension to the property's appeal.

Don't miss the chance to make this remarkable property your own and experience the best of upscale living in a vibrant and evolving community.

Any and all offers due Monday, June 3rd by 12pm.

Last Agent to Sell the Property

Daniel Schuler

(301) 651-1895 daniel.schuler@compass.com Compass Listed on: 05/30/2024

Compass

Co-Listed By

Scott Sachs

(301) 908-4373 scott.sachs@compass.com Compass

Last Buyer's Agent

xin chen

(301) 633-8168 xinchenpro@gmail.com Independent Realty, Inc License #664753

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,831

Year Built

  • Built in 2007

Lot Details

  • 1,592 Sq Ft Lot

HOA Fees

  • $123 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,608 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Gaithersburg Elementary And Middle School
  • Gaithersburg High School

Utilities

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

Listing and Financial Details

  • Tax Lot 128
  • Assessor Parcel Number 160903584130

Community Details

Overview

  • Association fees include trash, snow removal, pool(s), management, lawn maintenance
  • Hidden Creek Subdivision

Amenities

  • Community Center

Recreation

  • Community Playground
  • Community Pool
  • Jogging Path

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,831

Year Built

Built in 2007

Lot Details

0

HOA Fees

$123 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 3608
  • Living Area Sq Ft: 3608
  • Price Per Sq Ft: 170.45
  • Above Grade Finished Sq Ft: 3608
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

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 Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 172.63
  • 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: 123.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Community Center, Jog/Walk Path, Pool - Outdoor, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Trash, Snow Removal, Pool(s), Management, Lawn Maintenance
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: GAITHERSBURG
  • High School: GAITHERSBURG
  • Middle Or Junior School: GAITHERSBURG

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1592.00
  • Zoning: MXD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6831.00
  • Assessor Parcel Number: 160903584130
  • Tax Lot: 128
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 1, 2024
Sold by
Cava Eric and Cava Monika
Bought by
Huang Jiateng and Qin Ziqi
Seller's Agent
Daniel Schuler
Compass
Buyer's Agent
xin chen
Independent Realty, Inc
List Price
$615,000
Sold Price
$627,000
Premium/Discount to List
$12,000
1.95%
Views
37
Current Estimated Value
$642,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,779
Avg. Annual Appreciation
1.80%
Original Mortgage
$310,000
Outstanding Balance
$301,285
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$341,494

Purchase Details

Listed on
Apr 26, 2019
Closed on
May 29, 2019
Sold by
Oler Michael Scott
Bought by
Cava Eric and Cava Monika
Seller's Agent
Annette Sante
Redfin Corp
Buyer's Agent
Melinda Estridge
Long & Foster Real Estate, Inc.
List Price
$434,900
Sold Price
$435,000
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
7.43%
Original Mortgage
$366,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 19, 2016
Sold by
Woo Lee Jung and Rah Park Hee
Bought by
Oler Michael Scott
Seller's Agent
Coley Reed
Long & Foster Real Estate, Inc.
Buyer's Agent
Josh Ross
RE/MAX Realty Services
List Price
$439,900
Sold Price
$439,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.40%
Original Mortgage
$260,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huang Jiateng $627,000 Old Republic National Title
Cava Eric $435,000 Sage Title Group Llc
Oler Michael Scott $439,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Jiateng $310,000
Previous Owner Cava Eric $366,000
Previous Owner Oler Michael Scott $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2024 07/01/24 Sold $627,000 +2.0% $174 / Sq Ft
05/30/2024 05/30/24 For Sale $615,000 +41.4% $170 / Sq Ft
05/29/2019 05/29/19 Sold $435,000 0.0% $121 / Sq Ft View Prior Sale
04/30/2019 04/30/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $434,900 -1.1% $121 / Sq Ft
08/18/2016 08/18/16 Sold $439,900 0.0% $148 / Sq Ft View Prior Sale
07/02/2016 07/02/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $439,900 -- $148 / 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 $6,612 $520,800 -- --
2024 $6,612 $487,400 $0 $0
2023 $6,831 $454,000 $150,000 $304,000
2022 $5,224 $448,133 $0 $0
2021 $5,174 $442,267 $0 $0
2020 $5,071 $436,400 $150,000 $286,400
2019 $4,869 $421,567 $0 $0
2018 $4,691 $406,733 $0 $0
2017 $4,599 $391,900 $0 $0
2016 -- $388,367 $0 $0
2015 $5,431 $384,833 $0 $0
2014 $5,431 $381,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2134232

Bright MLS

APN: 09-03584130