NOT LISTED FOR SALE

581 Summit Hall Rd Gaithersburg, MD 20877

Estimated Value: $413,477 - $438,000

4 Beds
3.5 Baths
2,102 Sq Ft
$202/Sq Ft Est. Value

Sale Details

Date Sold: February 18, 2019

Last sale price $295,000 $140 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,673 / mo

125 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Tennis Courts
  • Traditional Floor Plan
  • Community Pool
  • Eat-In Kitchen

About This Home

As of February 2019

Freshly painted & updated spacious TH! Sparkling hardwood floors throughout; updated kitchen & baths. Walkout basement with legal bedroom & full bath. Conveniently located close to ICC, I-270. Close to shopping, park, tennis & basketball courts. 2 assigned parkings in front. Low condo fee includes water, gas, sewer, trash/snow removal.

Last Agent to Sell the Property

Charles Wilson

(301) 516-1212 cwilson@ttrsir.com TTR Sotheby's International Realty License #0225053290 Listed on: 08/05/2018

TTR Sotheby's International Realty

Last Buyer's Agent

Leandro Marinho

(301) 434-4065 ngreen@hsmove.com HomeSmart

HomeSmart

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,136

Year Built

  • Built in 1971

Lot Details

  • 4,400

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,102 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Finished Basement
  • Rear Basement Entry
  • Eat-In Kitchen

Bedrooms and Bathrooms

Schools

  • Summit Hall Elementary School
  • Forest Oak Middle School
  • Gaithersburg High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 160901780318

Community Details

Overview

  • No Home Owners Association
  • Association fees include gas, sewer, snow removal, water, insurance
  • Cedar Village Community
  • Cedar Village Subdivision
  • The community has rules related to covenants

Amenities

  • Common Area

Recreation

  • Tennis Courts
  • Volleyball Courts
  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,136

Year Built

Built in 1971

Lot Details

4,400 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2018-08-05
  • Federal Flood Zone: No
  • Year Built: 1971
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Eat-In, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Townhouse
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Rear Entrance, Fully Finished, Outside Entrance
  • Living Area Units: Square Feet
  • Total Sq Ft: 2102
  • Living Area Sq Ft: 2102
  • Price Per Sq Ft: 140.34
  • Above Grade Finished Sq Ft: 2102
  • 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
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 119.36
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor, Volleyball Courts, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Gas, Sewer, Snow Removal, Water, Insurance
  • HOA Condo Co-Op Rules: Covenants
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: SUMMIT HALL
  • High School: GAITHERSBURG
  • Middle Or Junior School: FOREST OAK

Lot Info

  • Improvement Assessed Value: 164500.00
  • Land Assessed Value: 70500.00
  • Zoning: RPT
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13952858
  • Tax Annual Amount: 3135.77
  • Assessor Parcel Number: 160901780318
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2018
Closed on
Feb 14, 2019
Sold by
Bought by
Seller's Agent
Charles Wilson
TTR Sotheby's International Realty
Buyer's Agent
Leandro Marinho
HomeSmart
List Price
$299,999
Sold Price
$295,000
Premium/Discount to List
-$4,999
-1.67%
Current Estimated Value
$423,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,619
Avg. Annual Appreciation
5.05%
Original Mortgage
$280,250
Outstanding Balance
$245,887
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$177,732

Purchase Details

Closed on
Aug 16, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$295,000 Household Title & Escrow Llc
$145,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $280,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/18/2019 02/18/19 Sold $295,000 0.0% $140 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
10/16/2018 10/16/18 Price Changed $294,999 -1.7% $140 / Sq Ft
09/07/2018 09/07/18 For Sale $299,999 0.0% $143 / Sq Ft
09/02/2018 09/02/18 Pending -- -- --
08/04/2018 08/04/18 For Sale $299,999 -- $143 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,621 $326,667 -- --
2024 $4,196 $298,333 $0 $0
2023 $4,491 $270,000 $81,000 $189,000
2022 $2,877 $258,333 $0 $0
2021 $2,743 $246,667 $0 $0
2020 $2,572 $235,000 $70,500 $164,500
2019 $2,507 $231,667 $0 $0
2018 $2,458 $228,333 $0 $0
2017 $2,227 $225,000 $0 $0
2016 -- $206,667 $0 $0
2015 $1,974 $188,333 $0 $0
2014 $1,974 $170,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charles Wilson

    Seller's Agent in 2019

    Charles Wilson

    TTR Sotheby's International Realty

    (301) 704-0520

    53 Total Sales

    Charles Wilson
    Section Image

  • L

    Buyer's Agent in 2019

    Leandro Marinho

    HomeSmart

    (240) 723-1077

    32 Total Sales

    Leandro Marinho
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002121444

Bright MLS

APN: 09-01780318

Maryland Montgomery County Gaithersburg 20877

581 Summit Hall Rd, Gaithersburg, MD

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