NOT LISTED FOR SALE

547 Market St E Gaithersburg, MD 20878

Kentlands Neighborhood

Estimated Value: $773,000 - $798,507

3 Beds
3 Baths
2,300 Sq Ft
$343/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $685,000 $298 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,976/month

Highlights

  • Fitness Center
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Rachel Carson Elementary School Rated A
  • Open Floorplan
  • 5-minute walk to Lakelands Park

About This Home

As of April 2022

Stunning Fairgate model with beautiful 2021 renovation. Three fully finished levels include 3 bedrooms and 3 full bathrooms. Bright white neutral modern decor and open floor plan. Do not miss this beautiful home full of natural sunlight with walls of windows, luxury vinyl plank flooring throughout. The open floor plan features a gorgeous Kitchen with large island, white cabinetry, quartz counter tops and all new stainless steel appliances. Off the Kitchen is a large break fast room and cozy fireplace. Enjoy the outdoors on the trex decking with privacy fence. The Owner's suite features high ceilings, a large walk in closet and Spa bath with tub, shower and quartz counter tops. Two other good sized bedrooms are featured up top with a full bath as well. The owner level features a den with a full bath and grand bay window that beams sunlight throughout the space. The home completes itself with an attached upgraded garage and rear driveway.

Last Agent to Sell the Property

Elaine Koch

Long & Foster Real Estate, Inc. Listed on: 04/28/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Yiqun Cen

Evergreen Properties License #573971

Evergreen Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,366

Year Built

  • Built in 2002 | Remodeled in 2021

Lot Details

  • 1,250 Sq Ft Lot
  • Landscaped
  • Front Yard
  • Property is in excellent condition

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Corner Fireplace
  • Double Sided Fireplace
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Gas Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Sliding Doors
  • Six Panel Doors
  • Formal Dining Room
  • Garden Views
  • Alarm System
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer

Schools

  • Rachel Carson Elementary School
  • Lakelands Park Middle School
  • Quince Orchard High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 160903324676

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), recreation facility, reserve funds, snow removal, trash
  • Lakelands Subdivision, Fairgate Floorplan
  • Community Lake

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Community Center
  • Meeting Room
  • Party Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Bike Trail

Security

  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,366

Year Built

Built in 2002 | Remodeled in 2021

Lot Details

0

HOA Fees

$105 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2002
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Stunning Fairgate model with beautiful 2021 renovation. Three fully finished levels include 3 bedrooms and 3 full bathrooms. Bright white neutral modern decor and open floor plan. Do not miss this beautiful home full of natural sunlight with walls of windows, luxury vinyl plank flooring throughout. The open floor plan features a gorgeous Kitchen with large island, white cabinetry, quartz counter tops and all new stainless steel appliances. Off the Kitchen is a large break fast room and cozy fireplace. Enjoy the outdoors on the trex decking with privacy fence. The Owner's suite features high ceilings, a large walk in closet and Spa bath with tub, shower and quartz counter tops. Two other good sized bedrooms are featured up top with a full bath as well. The owner level features a den with a full bath and grand bay window that beams sunlight throughout the space. The home completes itself with an attached upgraded garage and rear driveway.
  • Special Features: 4098
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Exhaust Fan, Microwave, Oven - Single, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Luxury Vinyl Plank
  • Interior Amenities: Attic, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Stall Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung, Double Pane
  • Fireplace Features: Corner, Double Sided, Fireplace - Glass Doors, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Six Panel, Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings, 2 Story Ceilings, High, Vaulted Ceilings
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Price Per Sq Ft: 297.83
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 547

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Asphalt
  • Spa: No
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Rear Entry, Garage Door Opener, Oversized
  • 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
  • Security: Carbon Monoxide Detector(s), Electric Alarm
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 105.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Bike Trail, Club House, Common Grounds, Community Center, Exercise Room, Fitness Center, Game Room, Jog/Walk Path, Lake, Meeting Room, Party Room, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: RACHEL CARSON
  • Middle School: LAKELANDS PARK
  • High School: QUINCE ORCHARD
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: RACHEL CARSON
  • High School: QUINCE ORCHARD
  • Middle Or Junior School: LAKELANDS PARK

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 273900.00
  • Land Assessed Value: 300000.00
  • Lot Features: Landscaping, Front Yard, Level
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1250.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: MXD
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14083941
  • Tax Annual Amount: 7366.00
  • Assessor Parcel Number: 160903324676
  • Tax Lot: 12
  • Tax Total Finished Sq Ft: 2300
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 04/28/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 29, 2021
Sold by
Koch Elaine S
Bought by
547 Market Street East Llc
Seller's Agent
Elaine Koch
Long & Foster Real Estate, Inc.
Buyer's Agent
Elaine Koch
Long & Foster Real Estate, Inc.
Sold Price
$3,495
Total Days on Market
0
Current Estimated Value
$788,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$784,882
Original Mortgage
$497,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2021
Sold by
Biso Beatrice
Bought by
Koch Elaine S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2002
Sold by
Gaithersburg Comm Assoc Llc
Bought by
Biso Beatrice
Source: Public Records

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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
547 Market Street East Llc -- Savitz James E
Koch Elaine S $515,000 Fidelity National Ttl Ins Co
Biso Beatrice $302,816 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koch Elaine S $497,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2022 04/28/22 Sold $685,000 0.0% $298 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $685,000 0.0% $298 / Sq Ft
12/07/2021 12/07/21 Rented $3,495 0.0% --
11/08/2021 11/08/21 Price Changed $3,495 -0.1% $2 / Sq Ft
10/28/2021 10/28/21 For Rent $3,500 -- --
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
2024 $8,247 $615,500 $0 $0
2023 $6,968 $573,900 $300,000 $273,900
2022 $6,710 $568,633 $0 $0
2021 $13,348 $563,367 $0 $0
2020 $12,805 $558,100 $300,000 $258,100
2019 $6,402 $545,300 $0 $0
2018 $6,777 $532,500 $0 $0
2017 $5,860 $519,700 $0 $0
2016 -- $486,033 $0 $0
2015 $5,185 $452,367 $0 $0
2014 $5,185 $418,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elaine Koch

    Seller's Agent in 2022

    Elaine Koch

    Long & Foster

    (301) 840-7320

    82 in this area

    252 Total Sales

    Elaine Koch
    Section Image
  • Yiqun Cen

    Buyer's Agent in 2022

    Yiqun Cen

    Evergreen Properties

    (301) 332-3409

    2 in this area

    141 Total Sales

    Yiqun Cen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2040998

Bright MLS

APN: 09-03324676

Maryland Montgomery County Gaithersburg 20878 Kentlands

547 Market St E, Gaithersburg, MD

This home is located at 547 Market St E, Gaithersburg, MD 20878 since 28 April 2022 and is currently estimated at $788,377, approximately $342 per square foot. This property was built in 2002. 547 Market St E is a home located in Montgomery County with nearby schools including Rachel Carson Elementary School, Lakelands Park Middle School, and Quince Orchard High School.

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