NOT LISTED FOR SALE

581 Cedar Spring St Gaithersburg, MD 20877

Estimated Value: $591,000 - $642,000

3 Beds
3 Baths
2,700 Sq Ft
$228/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $532,500 $197 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,778/month

About This Home

As of December 2021

Luxurious 4-level Elevator town home includes maple hardwood floors, 10' ceilings, gourmet kitchen, granite counters, stainless steel appliances, maple cabinetry, center island, separate dining area with bay window to enjoy sunset views, living room with crown molding, recessed lighting and opens to the deck. The third level offers the Primary Suite with tray ceiling, 2 walk-in closets, sitting room and spa-like bathroom including a soaking tub, stall shower and double vanity. The top level offers two additional bedrooms with walk-in closets. Community includes clubhouse, exercise facility, swimming pool, walk/jog trails, tot lots, ample parking, convenient to shopping and public transportation. Immediate availability, no pets.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Dec 15, 2021
Sold by
Read Joslyn and Bonard Michel
Bought by
Bindra Harvinder Singh and Bindra Bindu
Seller's Agent
Greg Ford
JPAR Preferred Properties
Buyer's Agent
Denise Melanson
Long & Foster Real Estate, Inc.
Sold Price
$3,000
Current Estimated Value
$615,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,593
Avg. Annual Appreciation
4.23%
Original Mortgage
$399,375
Outstanding Balance
$321,978
Interest Rate
2.27%
Mortgage Type
New Conventional
Estimated Equity
$293,615

Purchase Details

Closed on
May 8, 2013
Sold by
Read Joslyn
Bought by
Read Joslyn and Bonard Michel

Purchase Details

Closed on
Feb 20, 2007
Sold by
Mi Homes Dc Inc
Bought by
Read Joslyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2006
Sold by
Mi Homes Dc Inc
Bought by
Read Joslyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Bindra Harvinder Singh $532,500 Flynn Title
Read Joslyn -- None Available
Read Joslyn $550,000 --
Read Joslyn $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bindra Harvinder Singh $399,375
Previous Owner Read Joslyn $440,000
Previous Owner Read Joslyn $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Rented $3,200 +6.7% --
07/17/2023 07/17/23 Under Contract -- -- --
07/07/2023 07/07/23 Price Changed $3,000 -6.3% $1 / Sq Ft
07/02/2023 07/02/23 For Rent $3,200 +6.7% --
01/29/2022 01/29/22 Rented $3,000 0.0% --
01/07/2022 01/07/22 Under Contract -- -- --
12/17/2021 12/17/21 For Rent $3,000 0.0% --
12/15/2021 12/15/21 Sold $532,500 -2.3% $197 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $545,000 -- $202 / Sq Ft

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 $6,139 $453,500 $0 $0
2023 $0 $408,200 $150,000 $258,200
2022 $5,381 $408,200 $150,000 $258,200
2021 $4,711 $408,200 $150,000 $258,200
2020 $9,375 $408,500 $150,000 $258,500
2019 $4,602 $403,067 $0 $0
2018 $4,546 $397,633 $0 $0
2017 $4,417 $392,200 $0 $0
2016 $4,803 $376,267 $0 $0
2015 $4,803 $360,333 $0 $0
2014 $4,803 $344,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Ford

    Seller's Agent in 2023

    Greg Ford

    JPAR Preferred Properties

    (301) 706-3388

    3 in this area

    73 Total Sales

    Greg Ford
    Section Image
  • Elisa Kalupniek

    Buyer's Agent in 2023

    Elisa Kalupniek

    Keller Williams Capital Properties

    2 Total Sales

    Elisa Kalupniek
    Section Image
  • Denise Melanson

    Buyer's Agent in 2022

    Denise Melanson

    Long & Foster

    (301) 254-2760

    5 Total Sales

    Denise Melanson
    Section Image
  • Sharon Mulholland

    Seller's Agent in 2021

    Sharon Mulholland

    Mulholland Realty

    (301) 704-4999

    1 in this area

    9 Total Sales

    Sharon Mulholland
    Section Image
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Map

Maryland Montgomery County Gaithersburg 20877

581 Cedar Spring St, Gaithersburg, MD

This home is located at 581 Cedar Spring St, Gaithersburg, MD 20877 and is currently estimated at $615,593, approximately $227 per square foot. 581 Cedar Spring St is a home located in Montgomery County with nearby schools including Gaithersburg Elementary School, Gaithersburg Middle School, and Gaithersburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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