NOT LISTED FOR SALE

The Fallswood 5800 Nicholson Ln Rockville, MD 20852

Estimated Value: $446,000 - $842,000

2 Beds
1.5 Baths
2,220 Sq Ft
$706/mo HOA Fee

Last Sold November 25, 2014

Last sale price $385,000 $173 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,252/month

17 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Gated Community
  • Garrett Park Elementary School Rated A
  • Private Pool
  • 4-minute walk to Wall Local Park

About This Home

As of November 2014

Beautifully renov. move-in ready 2BR at prestigious Fallswood Condominium. Freshly painted. Recently installed hardwood floors. SS appl. Brand new granite, ss sink and faucet. In unit w/d. 2 INDOOR garage spaces. 24/7 front desk service/security. Tennis, pool, gym, sauna, party room. Small pets welcome. Walk to restaurants, metro, Whole Foods. Minutes to Beltway, 270.

Last Agent to Sell the Property

Gail Quartner

(301) 907-7600 gail.quartner@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 10/06/2014

Long & Foster Real Estate, Inc.

Co-Listed By

Gail Gordon

(301) 529-8527 gail@bannerteam.com Compass

Last Buyer's Agent

Mark Goldberg

(301) 351-7200 mark@goldberghomes.com Compass License #SP93674

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,353

Year Built

  • Built in 1985 | Remodeled in 2014

Lot Details

  • 44

HOA Fees

  • $706 Monthly HOA Fees

Home Design

  • Beaux Arts Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Double Pane Windows
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom

Home Security

  • Security Gate
  • Exterior Cameras
  • Monitored

Parking

  • Parking Space Number Location: GL27
  • Basement Garage
  • Garage Door Opener
  • 2 Assigned Parking Spaces

Utilities

  • Central Heating
  • Heat Pump System
  • Vented Exhaust Fan
  • Multi-Tank Hot Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Private Pool
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160402529862

Community Details

Overview

  • Moving Fees Required
  • Association fees include exterior building maintenance, management, insurance, pool(s), sewer, snow removal, trash, water, security gate, recreation facility, reserve funds
  • High-Rise Condominium
  • The Fallswood Co Community
  • The Fallswood Codm Subdivision
  • The community has rules related to moving in times

Amenities

  • Sauna
  • Billiard Room
  • Party Room
  • Elevator

Recreation

  • Jogging Path

Pet Policy

  • Pet Size Limit

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,353

Year Built

Built in 1985 | Remodeled in 2014

Lot Details

0

HOA Fees

$706 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Beaux Arts
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Year Renovated: 2014
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Refrigerator, Oven/Range - Electric, Washer/Dryer Stacked
  • Interior Amenities: Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Elevator, Upgraded Countertops, Primary Bath(s), Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2220
  • Living Area Sq Ft: 2220
  • Price Per Sq Ft: 358.56
  • Above Grade Finished Sq Ft: 1110
  • Below Grade Finished Sq Ft: 1110
  • Total Below Grade Sq Ft: 1110
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Parking Space Number Assigned: GL27
  • Garage Features: Basement Garage, Garage Door Opener

Utilities

  • Refuse: 20.27
  • Water Sewer Hookup Fee: 20.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Central, Electric
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Multi-Tank
  • Security: 24 Hour Security, Desk In Lobby, Exterior Cameras, Fire Detection System, Main Entrance Lock, Monitored, Security Gate, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 706.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Exercise Room, Elevator, Extra Storage, Gated Community, Party Room, Pool - Outdoor, Sauna, Security, Storage Bin, Tennis Courts, Jog/Walk Path, Billiard Room
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management, Insurance, Pool(s), Sewer, Snow Removal, Trash, Water, Security Gate, Recreation Facility, Reserve Funds
  • HOA Condo Co-Op Rules: Moving In Times, Moving Fees Required, Pets - Size Restrict
  • HOA: No
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 207900.00
  • Land Assessed Value: 89100.00
  • Property Condition: Very Good

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13830975
  • Tax Annual Amount: 3353.18
  • Assessor Parcel Number: 160402529862
  • Tax Page Number: 723
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2014
Closed on
Nov 25, 2014
Sold by
Khorakiwala Almina A and Herrmann Matthew H
Bought by
Chen Anita Susan
Seller's Agent
Gail Quartner
Long & Foster Real Estate, Inc.
Buyer's Agent
Mark Goldberg
Compass
List Price
$398,000
Sold Price
$385,000
Premium/Discount to List
-$13,000
-3.27%
Current Estimated Value
$597,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,563
Avg. Annual Appreciation
4.08%
Original Mortgage
$200,000
Outstanding Balance
$153,537
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$444,026

Purchase Details

Closed on
Jun 10, 2008
Sold by
Stainton&Jaffe Bernard W Tr
Bought by
Khorakiwala Almina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2008
Sold by
Stainton&Jaffe Bernard W Tr
Bought by
Khorakiwala Almina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2007
Sold by
Stainton
Bought by
Stainto

Purchase Details

Closed on
May 11, 2007
Sold by
Stainton
Bought by
Stainto
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
Chen Anita Susan $385,000 Fatico
Khorakiwala Almina A $360,000 --
Khorakiwala Almina A $360,000 --
Stainto -- --
Stainto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Anita Susan $200,000
Previous Owner Khorakiwala Almina A $342,000
Previous Owner Khorakiwala Almina A $342,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2014 11/25/14 Sold $385,000 -3.3% $173 / Sq Ft
10/23/2014 10/23/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $398,000 -- $179 / 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 $4,759 $413,667 -- --
2024 $4,759 $410,333 $0 $0
2023 $4,031 $407,000 $122,100 $284,900
2022 $3,092 $383,667 $0 $0
2021 $3,312 $360,333 $0 $0
2020 $6,111 $337,000 $101,100 $235,900
2019 $3,053 $337,000 $101,100 $235,900
2018 $3,723 $337,000 $101,100 $235,900
2017 $3,059 $337,000 $0 $0
2016 $2,707 $323,667 $0 $0
2015 $2,707 $310,333 $0 $0
2014 $2,707 $297,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gail Quartner

    Long & Foster

    Section Image
  • Gail Gordon

    Seller Co-Listing Agent in 2014

    Gail Gordon

    Compass

    (301) 529-8527

    51 Total Sales

    Gail Gordon
    Section Image
  • Mark Goldberg

    Buyer's Agent in 2014

    Mark Goldberg

    Compass

    (301) 351-7200

    28 in this area

    59 Total Sales

    Mark Goldberg
    Section Image
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About The Fallswood

Map

Source: Bright MLS

MLS Number: 1003222394

Bright MLS

APN: 04-02529862

Maryland Montgomery County Rockville 20852

5800 Nicholson Ln, Rockville, MD

Not Listed for Sale

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