NOT LISTED FOR SALE

7 Granite Place Unit 216 Gaithersburg, MD 20878

Kentlands Neighborhood

Estimated Value: $396,083 - $431,000

2 Beds
2 Baths
1,290 Sq Ft
$573/mo HOA Fee

Last Sold February 10, 2022

Last sale price $330,000 $256 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,139/month

Highlights

  • Gourmet Kitchen
  • Open Floorplan
  • Main Floor Bedroom
  • Rachel Carson Elementary School Rated A
  • Contemporary Architecture
  • Stainless Steel Appliances

About This Home

As of February 2022

PRICE REDUCED! GREAT OPPORTUNITY TO BUY INTO THIS AMAZING COMMUNITY UNDER MARKET PRICE!! NEW WATER HEATER INSTALLED NOVEMBER 2018!!! WELCOME HOME! Fabulous Location! Open, modern floorplan! This Stunning 2BR/2BA Luxury Condo Features 2 Master Bedrooms/Suites on Opposite Sides of the Home for Maximum Privacy. Behold a spacious Gourmet kitchen with Granite Countertops, 2 nice sized bedrooms with connected bathrooms on opposite sides of the property, 2 huge walk-in closets, in unit Washer and Dryer, Lots of Natural Light, Large Balcony & 2 Assigned Garage Spaces. Lots of storage space throughout with beautiful hardwood floor throughout. Brand new Water Heater installed in 2018! Located in The Colonnade in Kentlands, just a block from many great restaurants, essential shopping, dry cleaners and entertainment! Close to major roadways, I-270. Lots of amenities! Cyber cafe, wine tasting room, library, community swimming pool, gym, meeting room, party/game room, sunrooms, green walking space, & more!!! Great investment property as well!!! @$24k per year

Last Agent to Sell the Property

Laura Bacchus

(240) 401-2420 laura@premieremanagementco.com EXP Realty, LLC License #SP98373681 Listed on: 08/03/2021

EXP Realty, LLC

Last Buyer's Agent

Simon Sarver

(703) 509-4300 simon@kartaproperties.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,683

Year Built

  • Built in 2005

Lot Details

  • 44

HOA Fees

  • $573 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Parking Space Conveys
  • 2 Assigned Parking Spaces

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,290 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Balcony
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160903513656

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, parking fee, snow removal, trash
  • Mid-Rise Condominium
  • The Colonnade Co Community
  • Colonnade At Kentlands Subdivision
  • Property Manager

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,683

Year Built

Built in 2005

Lot Details

0

HOA Fees

$573 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-08-04
  • Year Built: 2005
  • Automatically Close On Close Date: Yes
  • Remarks Public: PRICE REDUCED! GREAT OPPORTUNITY TO BUY INTO THIS AMAZING COMMUNITY UNDER MARKET PRICE!! NEW WATER HEATER INSTALLED NOVEMBER 2018!!! WELCOME HOME! Fabulous Location! Open, modern floorplan! This Stunning 2BR/2BA Luxury Condo Features 2 Master Bedrooms/Suites on Opposite Sides of the Home for Maximum Privacy. Behold a spacious Gourmet kitchen with Granite Countertops, 2 nice sized bedrooms with connected bathrooms on opposite sides of the property, 2 huge walk-in closets, in unit Washer and Dryer, Lots of Natural Light, Large Balcony & 2 Assigned Garage Spaces. Lots of storage space throughout with beautiful hardwood floor throughout. Brand new Water Heater installed in 2018! Located in The Colonnade in Kentlands, just a block from many great restaurants, essential shopping, dry cleaners and entertainment! Close to major roadways, I-270. Lots of amenities! Cyber cafe, wine tasting room, library, community swimming pool, gym, meeting room, party/game room, sunrooms, green walking space, & more!!! Great investment property as well!!! @$24k per year
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Dryer
  • Entry Floor: 2
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1290
  • Living Area Sq Ft: 1290
  • Price Per Sq Ft: 261.16
  • Above Grade Finished Sq Ft: 1290
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned, Parking Space Conveys
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 573.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Parking Fee, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 196000.00
  • Land Assessed Value: 84000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: NON-MNCPPC
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14098704
  • Tax Annual Amount: 3683.00
  • Assessor Parcel Number: 160903513656
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 02/10/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2022 02/10/22 Sold $330,000 -2.0% $256 / Sq Ft
11/04/2021 11/04/21 Price Changed $336,900 -3.5% $261 / Sq Ft
09/27/2021 09/27/21 Price Changed $349,000 -2.8% $271 / Sq Ft
08/03/2021 08/03/21 For Sale $359,000 0.0% $278 / Sq Ft
07/10/2020 07/10/20 Rented $1,975 0.0% --
07/07/2020 07/07/20 Under Contract -- -- --
06/20/2020 06/20/20 For Rent $1,975 +9.7% --
05/10/2018 05/10/18 Rented $1,800 -20.0% --
05/10/2018 05/10/18 Under Contract -- -- --
04/05/2017 04/05/17 For Rent $2,250 +4.7% --
08/02/2014 08/02/14 Rented $2,150 -4.4% --
07/28/2014 07/28/14 Under Contract -- -- --
07/01/2014 07/01/14 For Rent $2,250 -- --
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 $4,287 $350,000 -- --
2024 $4,287 $325,000 $0 $0
2023 $3,251 $300,000 $90,000 $210,000
2022 $3,751 $293,333 $0 $0
2021 $0 $286,667 $0 $0
2020 $3,556 $280,000 $84,000 $196,000
2019 $3,556 $276,667 $0 $0
2018 $3,479 $273,333 $0 $0
2017 $3,470 $270,000 $0 $0
2016 -- $256,667 $0 $0
2015 $2,893 $243,333 $0 $0
2014 $2,893 $230,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2008318

Bright MLS

APN: 09-03513656