$455,000
SOLD MAY 21, 2025

656 Coral Reef Dr Gaithersburg, MD 20878

3 Beds
3.5 Baths
1,870 Sq Ft
$106/mo HOA Fee

Recently Sold

$243 Per Sq Ft

13% Below List Price

32 Days on Market

Highlights

  • Colonial Architecture
  • Community Pool
  • Forced Air Heating and Cooling System
  • Fields Road Elementary School Rated A-
  • Brick Front

About This Home

As of May 2025

A dramatic price cut for a quick sale. Offer deadline Monday April 14 th at 6 pm . Hurry. The owner reserves his right to ratify an offer before April 14th. Amazing opportunity for a brick front townhouse in a great community with a pool, tennis court, a beautiful long walking trail. A dog park is in walking distance. Walk to the shops, restaurants, entertainment in RIO and Crown Farm. 3 bedrooms 3 full bath and a half bath. The basement has a full bath, and a large space may be converted to a bedroom. Large basement utility room. In an ideal location, short distance to METRO, 270, ICC & SHOPS/RESTAURANTS, Kentlands. Sun filled spacious Kitchen, formal dining room. Living room leads to a newly painted deck. Plenty of unmarked parking.

Last Agent to Sell the Property

Jeremy Lee

EXP Realty, LLC License #610312 Listed on: 03/12/2025

EXP Realty, LLC

Last Buyer's Agent

Carol Strasfeld

Unrepresented Buyer Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,027

Year Built

  • Built in 1990

Lot Details

  • 2,177 Sq Ft Lot

HOA Fees

  • $106 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Front
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Partially Finished Basement
  • Connecting Stairway

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 160902705213

Community Details

Overview

  • Park Summit HOA
  • Park Summit Codm Subdivision

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,027

Year Built

Built in 1990

Lot Details

0

HOA Fees

$106 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2025-03-12
  • Federal Flood Zone: No
  • Year Built: 1990
  • Automatically Close On Close Date: No
  • Remarks Public: A dramatic price cut for a quick sale. Offer deadline Monday April 14 th at 6 pm . Hurry. The owner reserves his right to ratify an offer before April 14th. Amazing opportunity for a brick front townhouse in a great community with a pool, tennis court, a beautiful long walking trail. A dog park is in walking distance. Walk to the shops, restaurants, entertainment in RIO and Crown Farm. 3 bedrooms 3 full bath and a half bath. The basement has a full bath, and a large space may be converted to a bedroom. Large basement utility room. In an ideal location, short distance to METRO, 270, ICC & SHOPS/RESTAURANTS, Kentlands. Sun filled spacious Kitchen, formal dining room. Living room leads to a newly painted deck. Plenty of unmarked parking.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Partially Finished
  • Total Sq Ft: 2040
  • Living Area Sq Ft: 1870
  • Price Per Sq Ft: 338.23
  • Above Grade Finished Sq Ft: 1360
  • Below Grade Finished Sq Ft: 510
  • Below Grade Sq Ft: 170
  • Total Below Grade Sq Ft: 680
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 656

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
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, On Street

Utilities

  • Refuse: 172.63
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 106.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: PARK SUMMIT
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2177.00
  • Year Assessed: 2024
  • Zoning: R20
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5027.00
  • Assessor Parcel Number: 160902705213
  • Tax Lot: 33
  • Tax Total Finished Sq Ft: 1870
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/21/2025

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2025
Closed on
May 19, 2025
Sold by
Wu Tao Thomas and Li Xiaofei
Bought by
Padha Sameer and Chawla Arjita
Seller's Agent
Jeremy Lee
EXP Realty, LLC
Buyer's Agent
Carol Strasfeld
Unrepresented Buyer Office
List Price
$525,000
Sold Price
$455,000
Premium/Discount to List
-$70,000
-13.33%
Views
163
Current Estimated Value
$462,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,811
Avg. Annual Appreciation
5.84%
Original Mortgage
$315,000
Outstanding Balance
$314,183
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$148,628

Purchase Details

Listed on
Jan 13, 2015
Closed on
Dec 5, 2014
Sold by
Rubman Marc and Rager Shari
Bought by
Wu Tao Thomas and Zhu Yifei
Seller's Agent
Jeremy Lee
EXP Realty, LLC
Buyer's Agent
Jeremy Lee
EXP Realty, LLC
Sold Price
$1,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$254,250
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2005
Sold by
Grow Ginger K
Bought by
Rubman Marc and Rubman Shari Rager

Purchase Details

Closed on
May 27, 2005
Sold by
Grow Ginger K
Bought by
Rubman Marc and Rubman Shari Rager

Purchase Details

Closed on
Dec 13, 2002
Sold by
Slattery Margaret C
Bought by
Grow Ginger K

Purchase Details

Closed on
Jun 2, 1999
Sold by
Hunsberger Jean R
Bought by
Slattery Margaret C and Slattery E J
Source: Public Records

Range of Values:

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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

Date Type Sale Price Title Company
Deed $455,000 Fidelity National Title
Deed $455,000 Fidelity National Title
Deed $339,000 Eastern Title & Settlement
Deed $365,000 --
Deed $365,000 --
Deed $223,000 --
Deed $146,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $315,000 New Conventional
Closed $315,000 New Conventional
Previous Owner $254,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Sold $455,000 -1.1% $243 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
04/07/2025 04/07/25 Price Changed $459,990 -8.0% $246 / Sq Ft
03/31/2025 03/31/25 Price Changed $499,990 0.0% $267 / Sq Ft
03/25/2025 03/25/25 Price Changed $499,900 -2.9% $267 / Sq Ft
03/25/2025 03/25/25 Price Changed $514,900 0.0% $275 / Sq Ft
03/20/2025 03/20/25 Price Changed $515,000 -1.9% $275 / Sq Ft
03/12/2025 03/12/25 For Sale $525,000 0.0% $281 / Sq Ft
08/20/2017 08/20/17 Rented $1,890 0.0% --
08/11/2017 08/11/17 Under Contract -- -- --
07/21/2017 07/21/17 For Rent $1,890 +1.6% --
07/13/2016 07/13/16 Rented $1,860 -1.6% --
07/13/2016 07/13/16 Under Contract -- -- --
07/08/2016 07/08/16 For Rent $1,890 +2.2% --
01/31/2015 01/31/15 Rented $1,850 0.0% --
01/31/2015 01/31/15 Under Contract -- -- --
01/13/2015 01/13/15 For Rent $1,850 0.0% --
12/05/2014 12/05/14 Sold $339,000 0.0% $249 / Sq Ft
10/12/2014 10/12/14 Pending -- -- --
09/05/2014 09/05/14 For Sale $339,000 -- $249 / 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 $5,027 $387,567 -- --
2024 $5,027 $368,733 $0 $0
2023 $4,749 $349,900 $120,000 $229,900
2022 $4,555 $342,633 $0 $0
2021 $4,365 $335,367 $0 $0
2020 $4,365 $328,100 $120,000 $208,100
2019 $4,323 $326,300 $0 $0
2018 $4,307 $324,500 $0 $0
2017 $4,336 $322,700 $0 $0
2016 -- $302,967 $0 $0
2015 $3,621 $283,233 $0 $0
2014 $3,621 $263,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2169488

Bright MLS

APN: 09-02705213