NOT LISTED FOR SALE

707 Lake Varuna Dr Gaithersburg, MD 20878

Kentlands Neighborhood

Estimated Value: $946,000 - $1,093,000

3 Beds
2.5 Baths
2,108 Sq Ft
$482/Sq Ft Est. Value

Last Sold January 13, 2020

Last sale price $755,000 $358 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,483/month

3 Days on Market

Highlights

  • Fitness Center
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Rachel Carson Elementary School Rated A
  • Open Floorplan
  • Community Lake

About This Home

As of January 2020

Stunning Lakeland's home on a prime street only steps from the lake and so much more. Handsome brick front with a beautiful rear yard and ATTACHED large 2 car garage! The home was extensively renovated with a Hancock homes addition and a stunning recently renovated Owner's Suite. Open and spacious kitchen with custom beverage bar welcomes gathering of family and friends. An entertainer's dream! Gleaming hardwood floors throughout the main level adds to the openness. Beautiful plantation shutters and wood blinds add to the charm. This very well maintained home is a must see! Enjoy all the community amenities from the pool, trails, playgrounds, Kentlands downtown featuring shops, restaurants, theater, and so much more!

Last Agent to Sell the Property

Elaine Koch

Long & Foster Real Estate, Inc. Listed on: 12/02/2019

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Andre Leite

Smart Realty, LLC License #0225231957

Smart Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,903

Year Built

  • Built in 2000

Lot Details

  • 2,862 Sq Ft Lot
  • Landscaped
  • Extensive Hardscape
  • Property is in very good condition
  • Property is zoned MXD

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,108 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Formal Dining Room
  • Den
  • Recreation Room
  • Utility Room

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Front Loading Dryer
  • Front Loading Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 160903250438

Community Details

Overview

  • Association fees include trash, recreation facility, common area maintenance, management, reserve funds
  • Lakelands HOA
  • Lakelands Subdivision, Hemingway Floorplan
  • Community Lake

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Meeting Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,903

Year Built

Built in 2000

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional, Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2019-12-02
  • Federal Flood Zone: No
  • Year Built: 2000
  • Remarks Public: Stunning Lakeland's home on a prime street only steps from the lake and so much more. Handsome brick front with a beautiful rear yard and ATTACHED large 2 car garage! The home was extensively renovated with a Hancock homes addition and a stunning recently renovated Owner's Suite. Open and spacious kitchen with custom beverage bar welcomes gathering of family and friends. An entertainer's dream! Gleaming hardwood floors throughout the main level adds to the openness. Beautiful plantation shutters and wood blinds add to the charm. This very well maintained home is a must see! Enjoy all the community amenities from the pool, trails, playgrounds, Kentlands downtown featuring shops, restaurants, theater, and so much more!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Disposal, Dishwasher, Oven/Range - Gas, Stove, Washer, Dryer - Front Loading, Exhaust Fan, Refrigerator, Washer - Front Loading
  • Flooring Type: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Crown Moldings, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wood Floors, Carpet, Dining Area, Family Room Off Kitchen, Kitchen - Table Space, Primary Bath(s), Pantry, Stall Shower, Tub Shower, Upgraded Countertops, Wet/Dry Bar, Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Laundry, Office, Recreation Room, Utility Room, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Full, Sump Pump, Interior Access
  • Total Sq Ft: 2108
  • Living Area Sq Ft: 2108
  • Price Per Sq Ft: 355.74
  • Above Grade Finished Sq Ft: 2108
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 707

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Extensive Hardscape, Exterior Lighting
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 128.54
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 100.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bike Trail, Exercise Room, Fitness Center, Game Room, Meeting Room, Tot Lots/Playground, Basketball Courts, Club House, Common Grounds, Jog/Walk Path, Lake, Swimming Pool, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Trash, Recreation Facility, Common Area Maintenance, Management, Reserve Funds
  • HOA Name: LAKELANDS HOA
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 338900.00
  • Land Assessed Value: 300000.00
  • Land Use Code: 011
  • Lot Features: Landscaping
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2862.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: MXD
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14075344
  • Tax Annual Amount: 7903.00
  • Assessor Parcel Number: 160903250438
  • Tax Lot: 21
  • Tax Total Finished Sq Ft: 2108
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 01/13/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Jan 13, 2020
Sold by
White Stephen W and White Janlynn S
Bought by
Newman Bryan William and Conley Newman Sarah Jane
Seller's Agent
Elaine Koch
Long & Foster Real Estate, Inc.
Buyer's Agent
Andre Leite
Smart Realty, LLC
List Price
$749,900
Sold Price
$755,000
Premium/Discount to List
$5,100
0.68%
Current Estimated Value
$1,016,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,534
Avg. Annual Appreciation
5.46%
Original Mortgage
$604,000
Outstanding Balance
$534,800
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$481,734

Purchase Details

Closed on
Sep 13, 2000
Sold by
Nvr Inc
Bought by
White Stephen W and White S J
Source: Public Records

Range of Values:

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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
Newman Bryan William $755,000 Counselors Title Llc
White Stephen W $286,135 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newman Bryan William $604,000
Previous Owner White Stephen W $340,000
Previous Owner White Stephen W $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2020 01/13/20 Sold $755,000 +0.7% $358 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
12/02/2019 12/02/19 For Sale $749,900 -- $356 / 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 $9,798 $757,700 -- --
2024 $9,798 $729,700 $0 $0
2023 $8,688 $701,700 $300,000 $401,700
2022 $8,041 $669,167 $0 $0
2021 $7,666 $636,633 $0 $0
2020 $7,219 $604,100 $300,000 $304,100
2019 $7,211 $604,100 $300,000 $304,100
2018 $7,232 $604,100 $300,000 $304,100
2017 $7,480 $638,900 $0 $0
2016 -- $605,833 $0 $0
2015 $5,982 $572,767 $0 $0
2014 $5,982 $539,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elaine Koch

    Seller's Agent in 2020

    Elaine Koch

    Long & Foster

    (301) 840-7320

    83 in this area

    252 Total Sales

    Section Image
  • Andre Leite

    Buyer's Agent in 2020

    Andre Leite

    Smart Realty, LLC

    (202) 607-8053

    1 in this area

    7 Total Sales

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Map

Source: Bright MLS

MLS Number: MDMC688168

Bright MLS

APN: 09-03250438

Maryland Montgomery County Gaithersburg 20878 Kentlands

707 Lake Varuna Dr, Gaithersburg, MD

This home is located at 707 Lake Varuna Dr, Gaithersburg, MD 20878 since 02 December 2019 and is currently estimated at $1,016,534, approximately $482 per square foot. This property was built in 2000. 707 Lake Varuna Dr is a home located in Montgomery County with nearby schools including Rachel Carson Elementary School, Lakelands Park Middle School, and Quince Orchard High School.

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