NOT LISTED FOR SALE

562 Market St E Gaithersburg, MD 20878

Kentlands Neighborhood

Estimated Value: $729,000 - $809,917

3 Beds
3.5 Baths
2,444 Sq Ft
$315/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $695,000 $284 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,995/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Community Pool
  • Rachel Carson Elementary School Rated A
  • No HOA
  • 5-minute walk to Lakelands Park

About This Home

As of April 2023

Lovingly maintained home features high ceilings, hardwood floors, family room with gas burning fireplace open to kitchen with center island and granite countertops, fully finished lower level with recreation room, home office, storage. Second level includes the primary suite with wall to wall carpet and walk-in closet, primary bathroom, 2 additional bedrooms with wall to wall carpet, and full bath. Detached rear 2 car garage.

Last Agent to Sell the Property

Margie Halem

Compass Listed on: 04/04/2023

Compass

Last Buyer's Agent

Gus Scilaris

Coldwell Banker Realty

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,694

Year Built

  • Built in 2003

Lot Details

  • 1,900 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Permanent Foundation

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Breakfast Area or Nook
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 160903324461

Community Details

Overview

  • No Home Owners Association
  • Association fees include common area maintenance, insurance, pool(s)
  • Lakelands Subdivision

Amenities

  • Community Center

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,694

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-04-06
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Remarks Public: Lovingly maintained home features high ceilings, hardwood floors, family room with gas burning fireplace open to kitchen with center island and granite countertops, fully finished lower level with recreation room, home office, storage. Second level includes the primary suite with wall to wall carpet and walk-in closet, primary bathroom, 2 additional bedrooms with wall to wall carpet, and full bath. Detached rear 2 car garage.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: No
  • Foundation Details: Permanent
  • Levels Count: 3
  • Basement: Yes
  • Total Sq Ft: 2856
  • Living Area Sq Ft: 2444
  • Price Per Sq Ft: 365.02
  • Above Grade Finished Sq Ft: 1904
  • Below Grade Finished Sq Ft: 540
  • Below Grade Sq Ft: 412
  • Total Below Grade Sq Ft: 952
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 562

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • 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
  • 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
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Refuse: 172.63
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • 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: No
  • HOA Condo Co-Op Amenities: Community Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Pool(s)
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 294600.00
  • Land Assessed Value: 300000.00
  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1900.00
  • Year Assessed: 2023
  • Zoning: MXD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14083917
  • Tax Annual Amount: 7694.00
  • Assessor Parcel Number: 160903324461
  • Tax Lot: 82
  • Tax Total Finished Sq Ft: 2444
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/21/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
Apr 21, 2023
Sold by
Katzman Robin L
Bought by
Issayans Nareh and Avgeropoulos Dimitrios Themis
Seller's Agent
Margie Halem
Compass
Buyer's Agent
Gus Scilaris
Coldwell Banker Realty
List Price
$695,000
Sold Price
$695,000
Total Days on Market
0
Current Estimated Value
$769,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,229
Avg. Annual Appreciation
4.93%
Original Mortgage
$556,000
Outstanding Balance
$543,949
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$225,280

Purchase Details

Closed on
May 27, 2003
Sold by
Gaithersburg Comm Assoc Llc
Bought by
Katzman Robin L and Katzman Evan M
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
Issayans Nareh $695,000 Kvs Title
Katzman Robin L $389,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Issayans Nareh $556,000
Previous Owner Katzman Robin L $50,000
Previous Owner Katzman Robin L $247,307
Previous Owner Katzman Robin L $100,000
Previous Owner Katzman Robin L $304,550
Previous Owner Katzman Robin L $313,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $695,000 0.0% $284 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $695,000 -- $284 / 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
2024 $8,274 $615,100 $0 $0
2023 $7,269 $594,600 $300,000 $294,600
2022 $7,002 $589,267 $0 $0
2021 $6,865 $583,933 $0 $0
2020 $6,865 $578,600 $300,000 $278,600
2019 $6,650 $562,333 $0 $0
2018 $6,464 $546,067 $0 $0
2017 $6,343 $529,800 $0 $0
2016 -- $520,433 $0 $0
2015 $6,409 $511,067 $0 $0
2014 $6,409 $501,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Margie Halem

    Seller's Agent in 2023

    Margie Halem

    Compass

    (301) 775-4196

    11 in this area

    308 Total Sales

    Margie Halem
    Section Image
  • Gus Scilaris

    Buyer's Agent in 2023

    Gus Scilaris

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (301) 467-8011

    2 in this area

    23 Total Sales

    Gus Scilaris
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2087952

Bright MLS

APN: 09-03324461

Maryland Montgomery County Gaithersburg 20878 Kentlands

562 Market St E, Gaithersburg, MD

This home is located at 562 Market St E, Gaithersburg, MD 20878 since 04 April 2023 and is currently estimated at $769,229, approximately $314 per square foot. This property was built in 2003. 562 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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