NOT LISTED FOR SALE

7016 Horizon Terrace Derwood, MD 20855

Estimated Value: $404,591 - $433,000

3 Beds
1.5 Baths
1,698 Sq Ft
$247/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $300,000 $177 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,556/month

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Mill Creek Towne Elementary School Rated A

About This Home

As of June 2023

Renovated townhouse ready for show and immediately available for lease. Freshly painted. Refinished hardwood floors. Renovated bathrooms. Brand new HVAC unit and hot water heater. Freshly landscaped in front and rear. Please email or text listing agent with any questions.

Last Agent to Rent the Property

Daniel Kay

C. H. Kay Realty, Inc. License #BR40000223 Listed on: 06/24/2023

Last Renter's Agent

Leslie Shafer

Omnia Real Estate LLC License #SP98371976

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,004

Year Built

  • Built in 1973

Lot Details

  • 1,554 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,000
  • No Smoking Allowed
  • 12-Month Min and 48-Month Max Lease Term
  • Available 6/20/23
  • $75 Application Fee
  • $75 Repair Deductible
  • Assessor Parcel Number 160801505187

Community Details

Overview

  • No Home Owners Association
  • Mill Crk Towne East Subdivision
  • Property Manager

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,004

Year Built

Built in 1973

Lot Details

0

Rental Info

  • Date Available: 2023-06-20
  • Application Fee: 75.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Security Deposit: 2000.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 48
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-06-24
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: Renovated townhouse ready for show and immediately available for lease. Freshly painted. Refinished hardwood floors. Renovated bathrooms. Brand new HVAC unit and hot water heater. Freshly landscaped in front and rear. Please email or text listing agent with any questions.
  • Repair Deductible: 75.00
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1836
  • Living Area Sq Ft: 1698
  • Price Per Sq Ft: 1.60
  • Above Grade Finished Sq Ft: 1248
  • Below Grade Finished Sq Ft: 450
  • Below Grade Sq Ft: 138
  • Total Below Grade Sq Ft: 588
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7016

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot, On Street
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

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: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1554.00
  • Zoning: RT12.

Tax Info

  • Assessor Parcel Number: 13935642
  • Assessor Parcel Number: 160801505187
  • Tax Total Finished Sq Ft: 1698
  • Close Date: 06/29/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2019
Closed on
Jun 13, 2019
Sold by
Orme Jasen and Orme Jovina
Bought by
Turtle Moon Sara
Seller's Agent
Judy Woodbury
Douglas Realty
Buyer's Agent
Sumi Shin
Samson Properties
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$418,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,648
Avg. Annual Appreciation
5.55%
Original Mortgage
$285,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2017
Closed on
Apr 21, 2017
Sold by
Ramadhan Elisabeth and Koebergen Elisabeth K
Bought by
Orme Jasen and Orme Jovina
Seller's Agent
Judy Woodbury
Douglas Realty
Buyer's Agent
Peggy Lyn Speicher
Real Broker, LLC - Gaithersburg
List Price
$269,900
Sold Price
$273,000
Premium/Discount to List
$3,100
1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%
Original Mortgage
$264,810
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2009
Sold by
Ramadhan Elisabeth
Bought by
Koebergen Elisabeth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,679
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2008
Sold by
Ramadhan Allee A
Bought by
Ramadhan Elisabeth

Purchase Details

Closed on
Feb 14, 2008
Sold by
Ramadhan Allee A
Bought by
Ramadhan Elisabeth
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Turtle Moon Sara $300,000 Amerikor Title & Escrow Llc
Orme Jasen $273,000 Sage Title Group Llc
Koebergen Elisabeth K -- --
Ramadhan Elisabeth -- --
Ramadhan Elisabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moon Sara Turtle $283,000
Closed Turtle Moon Sara $285,000
Previous Owner Orme Jasen $264,810
Previous Owner Koebergen Elisabeth K $158,679
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2023 06/29/23 Rented $2,200 +10.0% --
06/28/2023 06/28/23 Under Contract -- -- --
06/24/2023 06/24/23 For Rent $2,000 0.0% --
06/13/2019 06/13/19 Sold $300,000 0.0% $188 / Sq Ft
05/11/2019 05/11/19 Pending -- -- --
05/05/2019 05/05/19 For Sale $300,000 +9.9% $188 / Sq Ft
04/21/2017 04/21/17 Sold $273,000 +1.1% $171 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $269,900 -- $169 / 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 $4,004 $333,500 $126,000 $207,500
2024 $4,004 $316,900 $0 $0
2023 $4,487 $300,300 $0 $0
2022 $2,766 $283,700 $120,000 $163,700
2021 $2,475 $261,667 $0 $0
2020 $2,210 $239,633 $0 $0
2019 $2,647 $217,600 $100,000 $117,600
2018 $2,631 $216,500 $0 $0
2017 $2,009 $215,400 $0 $0
2016 $2,183 $214,300 $0 $0
2015 $2,183 $203,433 $0 $0
2014 $2,183 $192,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2096324

Bright MLS

APN: 08-01505187