NOT LISTED FOR SALE

583 Summit Hall Rd Gaithersburg, MD 20877

Estimated Value: $396,614 - $428,000

3 Beds
3.5 Baths
1,411 Sq Ft
$291/Sq Ft Est. Value

Sale Details

Date Sold: January 5, 2023

Last sale price $364,000 $258 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,883 / mo

15 Days on Market

Highlights

  • View of Trees or Woods
  • Backs to Trees or Woods
  • Bathtub with Shower
  • Dutch Architecture
  • Wood Flooring
  • Patio

About This Home

As of January 2023

Assumable VA loan at 2.25%, approx balance $325,000. Welcome Home! Very large sun filled 3 level townhome with over 1400 s/f above ground plus an additional full basement. 3 bedrooms, 3 full and 1 half baths. Stainless Steel appliances, Updated Eat-In kitchen and bathrooms. Walkout basement with 2 new sets of sliding doors to the new patio deck in private fenced-in yard(2021). Hardwood and ceramic tiles throughout. ADT Security Camera and Ring doorbell. New bedroom windows (2021). New hot water heater (2021) Gas heat, water, sewer, trash, snow removal, and common area maintenance are included in the monthly condo fee. Two assigned parking spaces (583). Commuter friendly with easy access to 270, the ICC and Shady Grove Metro. Easy to show. Please park in the assigned spaces. You do not want to miss this one.

Last Agent to Sell the Property

Mary Ann Richardson

(301) 681-0550 maryann.richardson13@gmail.com Weichert, REALTORS License #681420 Listed on: 10/31/2022

Weichert, REALTORS

Co-Listed By

Mr. Matthew Richardson

(301) 681-0550 mrichardson@weichert.com Weichert, REALTORS License #5009424

Last Buyer's Agent

Kouao Avit

(202) 415-0382 sandeep434@gmail.com Quick Sell Realty LLC License #RSR005878

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,569

Year Built

  • Built in 1971

Lot Details

  • Wood Fence
  • Backs to Trees or Woods

HOA Fees

  • $370 Monthly HOA Fees

Home Design

  • Dutch Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,411 Sq Ft Home
  • Property has 3 Levels
  • Sliding Doors
  • Family Room
  • Dining Room
  • Views of Woods

Kitchen

  • Built-In Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Laundry in Basement

Parking

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

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160901780320

Community Details

Overview

  • Association fees include water, gas, trash
  • Mtm Management Associates Condos, Phone Number (301) 253-1222
  • Cedar Village Subdivision
  • Property Manager

Amenities

  • Common Area

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,569

Year Built

Built in 1971

Lot Details

4,400 Sq Ft Lot

HOA Fees

$370 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Dutch
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1971
  • Assigned Parking Space Numbers: 583
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Stove, Washer
  • Flooring Type: Hardwood, Wood, Ceramic Tile
  • Interior Amenities: Dining Area, Pantry, Stall Shower, Tub Shower, Wood Floors
  • Fireplace: No
  • Door Features: Sliding Glass
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Dining Room, Kitchen, Family Room, Basement, Laundry, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Walkout Level
  • Laundry Type: Basement
  • Total Sq Ft: 1411
  • Living Area Sq Ft: 1411
  • Price Per Sq Ft: 262.23
  • Above Grade Finished Sq Ft: 1411
  • Above Grade Finished Area Units: Square Feet

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
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Flat
  • Spa: No
  • View: Street, Trees/Woods
  • 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: 172.63
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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: 370.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: MTM Management Associates
  • Condo Co-Op Phone: (301) 253-1222
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Water, Gas, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • 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

  • Horses: No
  • Additional Parcels: No
  • Fencing: Wood
  • Improvement Assessed Value: 189000.00
  • Land Assessed Value: 81000.00
  • Lot Features: Backs To Trees
  • Outdoor Living Structures: Patio(s)
  • Zoning: RPT
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 13952859
  • Tax Annual Amount: 3569.00
  • Assessor Parcel Number: 160901780320
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Dec 30, 2022
Sold by
Simmons Virginia
Bought by
Madou Kouadje and Madou Ble Ernest
Seller's Agent
Mary Ann Richardson
Weichert, REALTORS
Buyer's Agent
Kouao Avit
Quick Sell Realty LLC
List Price
$370,000
Sold Price
$364,000
Premium/Discount to List
-$6,000
-1.62%
Views
62
Current Estimated Value
$410,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,654
Avg. Annual Appreciation
3.73%
Original Mortgage
$25,000
Outstanding Balance
$24,156
Interest Rate
6.48%
Estimated Equity
$386,498

Purchase Details

Listed on
Sep 15, 2021
Closed on
Nov 19, 2021
Sold by
Montes Ignacio and Montes Maria E
Bought by
Simmons Virginia
Seller's Agent
Rosario Hernandez-Sweeney
Douglas Realty, LLC
Buyer's Agent
Mary Ann Richardson
Weichert, REALTORS
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$337,487
Interest Rate
2.98%
Mortgage Type
VA

Purchase Details

Closed on
Apr 14, 1992
Bought by
Montes Ignacio and M E
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
Madou Kouadje $364,000 Excalibur Title
Simmons Virginia $329,900 Classic Settlements Inc
Montes Ignacio $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madou Kouadje $25,000
Open Madou Kouadje $357,407
Previous Owner Simmons Virginia $337,487
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2023 01/05/23 Sold $364,000 -1.6% $258 / Sq Ft
10/31/2022 10/31/22 For Sale $370,000 +12.2% $262 / Sq Ft
11/19/2021 11/19/21 Sold $329,900 0.0% $234 / Sq Ft View Prior Sale
09/30/2021 09/30/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $329,900 -- $234 / 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 $4,196 $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 $2,963 $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

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Map

Source: Bright MLS

MLS Number: MDMC2072628

Bright MLS

APN: 09-01780320

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