NOT LISTED FOR SALE

565 Summit Hall Rd Gaithersburg, MD 20877

Estimated Value: $405,000 - $452,000

4 Beds
3.5 Baths
1,480 Sq Ft
$286/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $305,000 $206 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,906/month

164 Days on Market

Highlights

  • Colonial Architecture
  • Stainless Steel Appliances
  • Property is in very good condition
  • Breakfast Area or Nook
  • Central Air
  • Wall to Wall Carpet

About This Home

As of October 2020

BIG BIG PRICE REDUCTION !!! BIG BIG PRICE REDUCTION !!! BIG BIG PRICE REDUCTION!!! Conveniently located near school, shopping and places of employment, this 4-bedroom 3 and a half bathrooms end unit townhome is vacant and ready for the next owner; stainless steel appliances. Summit Hall Elementary School just across the quiet street adjacent to public parks and ball field. This is a sought-after location; PUBLIC TRANSPORTATION, PARKS AND RECREATION, EGTC., ETC.

Last Agent to Sell the Property

Nathaniel Brumskine

(301) 439-1180 info@heymannrealty.com Heymann Realty, LLC License #504706 Listed on: 03/31/2020

Heymann Realty, LLC

Last Buyer's Agent

William McCord

(301) 591-3920 mac@mccordrealtor.com RE/MAX Realty Centre, Inc. License #668201

RE/MAX Realty Centre, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,346

Year Built

  • Built in 1971

Lot Details

  • Property is in very good condition

HOA Fees

  • $347 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,480 Sq Ft Home
  • Property has 3 Levels
  • Wall to Wall Carpet
  • Finished Basement
  • Laundry in Basement
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • 2 Assigned Parking Spaces

Utilities

  • Central Air
  • Back Up Gas Heat Pump System
  • Natural Gas Water Heater

Community Details

  • Association fees include management, exterior building maintenance, gas, heat, lawn care front, lawn care rear, lawn care side, lawn maintenance
  • Cedar Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160901780238

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,346

Year Built

Built in 1971

Lot Details

0

HOA Fees

$347 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 3/31/2020 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Stainless Steel Appliances, Stove, Water Heater
  • Flooring Type: Fully Carpeted
  • Interior Amenities: Breakfast Area
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Basement
  • Total Sq Ft: 1480
  • Living Area Sq Ft: 1480
  • Price Per Sq Ft: 202.70
  • Above Grade Finished Sq Ft: 1480
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • 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
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Unknown
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Refuse: 128.54
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • 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: 347.20
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Management, Ext Bldg Maint, Gas, Heat, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Property Condition: Very Good
  • Zoning: RPT
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 3346.00
  • Assessor Parcel Number: 160901780238
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2020
Closed on
Oct 13, 2020
Sold by
Laryea George Kofi
Bought by
Fuller Arthur and Padgett Zoe
Seller's Agent
Nathaniel Brumskine
Heymann Realty, LLC
Buyer's Agent
William McCord
RE/MAX Realty Centre, Inc.
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%
Current Estimated Value
$422,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,719
Avg. Annual Appreciation
6.38%
Original Mortgage
$289,750
Outstanding Balance
$254,878
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$167,841

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 24, 2016
Sold by
Solis Eda Margarita Parodi and Solis Parodi Maria
Bought by
Laryea George Kofi and Joe Photo
Seller's Agent
Marta Peralta
RE/MAX Realty Services
Buyer's Agent
Nathaniel Brumskine
Heymann Realty, LLC
List Price
$226,000
Sold Price
$231,000
Premium/Discount to List
$5,000
2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$226,816
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 2009
Sold by
Varone Ralph A
Bought by
Solis Eda Margarita Parodi
Source: Public Records
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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
Fuller Arthur $305,000 Stewart Title And Escrow Inc
Laryea George Kofi $231,000 Attorney
Solis Eda Margarita Parodi $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuller Arthur $289,750
Previous Owner Laryea George Kofi $226,816
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2020 10/13/20 Sold $305,000 +1.7% $206 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/04/2020 09/04/20 Price Changed $299,999 -4.8% $203 / Sq Ft
03/31/2020 03/31/20 For Sale $315,000 +36.4% $213 / Sq Ft
05/24/2016 05/24/16 Sold $231,000 +2.2% $104 / Sq Ft View Prior Sale
04/13/2016 04/13/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $226,000 -- $102 / Sq Ft
Source: Bright MLS

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 $4,304 $323,333 -- --
2024 $4,304 $306,667 $0 $0
2023 $4,750 $290,000 $87,000 $203,000
2022 $3,087 $275,000 $0 $0
2021 $2,911 $260,000 $0 $0
2020 $5,397 $245,000 $73,500 $171,500
2019 $2,655 $243,333 $0 $0
2018 $2,628 $241,667 $0 $0
2017 $2,386 $240,000 $0 $0
2016 $2,224 $220,000 $0 $0
2015 $2,224 $200,000 $0 $0
2014 $2,224 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC701688

Bright MLS

APN: 09-01780238