NOT LISTED FOR SALE

7012 Horizon Terrace Derwood, MD 20855

Estimated Value: $445,083 - $470,000

3 Beds
2.5 Baths
1,344 Sq Ft
$341/Sq Ft Est. Value

Last Sold January 04, 2018

Last sale price $325,000 $242 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,998/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Two Story Ceilings
  • Attic
  • Mill Creek Towne Elementary School Rated A
  • Wood Flooring
  • Upgraded Countertops

About This Home

As of January 2018

LIVE HERE AND WOW YOUR GUESTS! WAVE TO THEM FROM THE DINING RM WHICH ADDS A TOUCH OF DRAMA OVERLOOKING THE 2-STORY LIVING ROOM w BRIGHT WINDOWS THAT SHOW OFF HW FLOORS & DETAILED WALLS IN THIS 5LVL HOME! MAYBE YOU'VE ALWAYS LOVED THOSE BIG BEAUTIFUL XMAS TREES? MAYBE YOU WANT TO FLY MINI-DRONES! WELL, NOW YOU'LL HAVE THE SPACE FOR IT. BETTER SEE IT BEFORE IT IS GONE!

Last Agent to Sell the Property

Judy Woodbury

Douglas Realty License #505651 Listed on: 11/03/2017

Douglas Realty

Co-Listed By

Chris Erichsen

Taylor Properties

Last Buyer's Agent

Patrick Kilner

Real Broker, LLC

Real Broker, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1973 | Remodeled in 2017

Lot Details

  • 1,554 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Property has 3 Levels
  • Chair Railings
  • Two Story Ceilings
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Attic
  • Improved Basement

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Mill Creek Towne Elementary School
  • Shady Grove Middle School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 160801505201

Community Details

Overview

  • Association fees include common area maintenance, management, insurance
  • Mill Crk Towne East Subdivision
  • The community has rules related to covenants, parking rules

Amenities

  • Common Area

Recreation

  • Community Basketball Court
  • Community Playground

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,838

Year Built

Built in 1973 | Remodeled in 2017

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Farm
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1973
  • Year Renovated: 2017
  • Remarks Public: LIVE HERE AND WOW YOUR GUESTS! WAVE TO THEM FROM THE DINING RM WHICH ADDS A TOUCH OF DRAMA OVERLOOKING THE 2-STORY LIVING ROOM w BRIGHT WINDOWS THAT SHOW OFF HW FLOORS & DETAILED WALLS IN THIS 5LVL HOME! MAYBE YOU'VE ALWAYS LOVED THOSE BIG BEAUTIFUL XMAS TREES? MAYBE YOU WANT TO FLY MINI-DRONES! WELL, NOW YOU'LL HAVE THE SPACE FOR IT. BETTER SEE IT BEFORE IT IS GONE!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Disposal, Icemaker, Microwave, Oven - Self Cleaning, Oven/Range - Gas, Dishwasher, Water Heater, Washer, Refrigerator, Dryer
  • Interior Amenities: Dining Area, Primary Bath(s), Chair Railings, Upgraded Countertops, Wood Floors
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Wall Ceiling Types: 2 Story Ceilings, Dry Wall
  • Entry Location: Center Hall
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Attic
  • Basement: Yes
  • Basement Type: Improved
  • Living Area Units: Square Feet
  • Street Number Modifier: 7012

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00
  • Upper Level 2 Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Combination, Brick
  • Pool Private: No
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 205.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 325.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Common Grounds, Reserved/Assigned Parking, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Insurance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Covenants, Pets - Allowed, Parking
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: MILL CREEK TOWNE
  • Middle School: SHADY GROVE
  • School District Key: 121138126809
  • Elementary School: MILL CREEK TOWNE
  • Middle Or Junior School: SHADY GROVE

Lot Info

  • Improvement Assessed Value: 136100.00
  • Land Assessed Value: 100000.00
  • Lot Size Acres: 0.04
  • Lot Size Area: 1554
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1554.00
  • Property Attached Yn: Yes
  • Property Condition: Renov/Remod, Shows Well
  • Year Assessed: 2017
  • Zoning: RT

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13935645
  • Tax Annual Amount: 2838.21
  • Assessor Parcel Number: 160801505201
  • Tax Lot: 60
  • Tax Total Finished Sq Ft: 1344
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 01/04/2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Jan 4, 2018
Sold by
Great Elm Marketing Llc
Bought by
Adkins Tristan N
Seller's Agent
Judy Woodbury
Douglas Realty
Buyer's Agent
Patrick Kilner
Real Broker, LLC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$458,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,021
Avg. Annual Appreciation
4.61%
Original Mortgage
$315,250
Outstanding Balance
$266,652
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$191,369

Purchase Details

Closed on
Jul 27, 2017
Sold by
Busher Weaver Maureen and Busher Maureen M
Bought by
Great Elm Marketing Llc

Purchase Details

Closed on
Mar 26, 1993
Bought by
Busher Maureen M
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Adkins Tristan N $325,000 Kvs Title Llc
Great Elm Marketing Llc $200,000 First Title & Escrow
Busher Maureen M $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adkins Tristan N $315,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2018 01/04/18 Sold $325,000 0.0% $242 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $325,000 -- $242 / 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 $4,591 $397,200 $126,000 $271,200
2024 $4,591 $367,900 $0 $0
2023 $3,544 $338,600 $0 $0
2022 $3,049 $309,300 $120,000 $189,300
2021 $2,431 $284,900 $0 $0
2020 $2,431 $260,500 $0 $0
2019 $2,159 $236,100 $100,000 $136,100
2018 $2,119 $232,800 $0 $0
2017 $2,146 $229,500 $0 $0
2016 -- $226,200 $0 $0
2015 $1,598 $214,700 $0 $0
2014 $1,598 $203,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Judy Woodbury

    Douglas Realty

    (240) 350-1887

    2 in this area

    6 Total Sales

    Section Image
  • Chris Erichsen

    Seller Co-Listing Agent in 2018

    Chris Erichsen

    Taylor Properties

    (240) 586-4372

    11 Total Sales

    Section Image
  • Patrick Kilner

    Buyer's Agent in 2018

    Patrick Kilner

    Real Broker, LLC

    (301) 652-0643

    1 in this area

    16 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1004105263

Bright MLS

APN: 08-01505201

Maryland Montgomery County Derwood 20855

7012 Horizon Terrace, Derwood, MD

This home is located at 7012 Horizon Terrace, Derwood, MD 20855 since 03 November 2017 and is currently estimated at $458,021, approximately $340 per square foot. This property was built in 1973. 7012 Horizon Terrace is a home located in Montgomery County with nearby schools including Mill Creek Towne Elementary School, Shady Grove Middle School, and Col. Zadok Magruder High School.

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