NOT LISTED FOR SALE

7102 Horizon Terrace Derwood, MD 20855

Estimated Value: $430,148 - $446,000

4 Beds
2.5 Baths
1,744 Sq Ft
$250/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $320,000 $183 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,819/month

14 Days on Market

Highlights

  • Contemporary Architecture
  • Mill Creek Towne Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2022

Fantastic opportunity to own a unique 5 level townhouse in Rockville. This 4 BR 2.5 BA, residence provides high ceilings, and tons of windows for great lighting. Priced for a quick sale. Estate Sale. I expect this one will be in demand so act fast!!! Seller selects title as docs are being prepared for the estate attorney. Offers due at 2pm on Sunday.

Last Agent to Sell the Property

Bernard Mizelle

Mid-Atlantic Realty Listed on: 09/28/2022

Last Buyer's Agent

Non Member Member

Metropolitan Regional Information Systems, Inc.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,313

Year Built

  • Built in 1973

Lot Details

  • 1,554 Sq Ft Lot

HOA Fees

  • $114 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • Basement
  • Connecting Stairway

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Derwood Subdivision

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 160801504811

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,313

Year Built

Built in 1973

Lot Details

0

HOA Fees

$114 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to own a unique 5 level townhouse in Rockville. This 4 BR 2.5 BA, residence provides high ceilings, and tons of windows for great lighting. Priced for a quick sale. Estate Sale. I expect this one will be in demand so act fast!!! Seller selects title as docs are being prepared for the estate attorney. Offers due at 2pm on Sunday.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway
  • Total Sq Ft: 1995
  • Living Area Sq Ft: 1744
  • Price Per Sq Ft: 185.94
  • Above Grade Finished Sq Ft: 1344
  • Below Grade Finished Sq Ft: 400
  • Below Grade Sq Ft: 251
  • Total Below Grade Sq Ft: 651
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7102

Beds/Baths

  • Bedrooms: 4
  • 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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 341.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: 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

  • Improvement Assessed Value: 150500.00
  • Land Assessed Value: 120000.00
  • Land Use Code: R
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1554.00
  • Year Assessed: 2022
  • Zoning: RT12.
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13935606
  • Tax Annual Amount: 3313.00
  • Assessor Parcel Number: 160801504811
  • Tax Lot: 53
  • Tax Total Finished Sq Ft: 1744
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/25/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Oct 25, 2022
Sold by
Parham Walter Ricardo
Bought by
Anderson Robert Manuel and Pineda Anderson Ana
Seller's Agent
Bernard Mizelle
Mid-Atlantic Realty
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$2,499,000
Sold Price
$320,000
Premium/Discount to List
-$2,179,000
-87.19%
Views
13
Current Estimated Value
$435,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,287
Avg. Annual Appreciation
11.62%
Original Mortgage
$314,204
Outstanding Balance
$300,878
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$134,409
Source: Public Records

Range of Values:

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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
Anderson Robert Manuel $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Robert Manuel $13,745
Closed Anderson Robert Manuel $15,688
Open Anderson Robert Manuel $314,204
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $320,000 0.0% $183 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
10/11/2022 10/11/22 Off Market $320,000 -- --
10/02/2022 10/02/22 Pending -- -- --
10/02/2022 10/02/22 Off Market $320,000 -- --
09/28/2022 09/28/22 Price Changed $249,900 -90.0% $143 / Sq Ft
09/28/2022 09/28/22 For Sale $2,499,000 -- $1,433 / 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
2024 $4,003 $316,833 $0 $0
2023 $3,026 $293,667 $0 $0
2022 $2,621 $270,500 $120,000 $150,500
2021 $2,298 $259,033 $0 $0
2020 $2,298 $247,567 $0 $0
2019 $2,159 $236,100 $100,000 $136,100
2018 $2,119 $232,800 $0 $0
2017 $2,129 $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

  • Bernard Mizelle

    Seller's Agent in 2022

    Bernard Mizelle

    Mid-Atlantic Realty

    (240) 462-9583

    1 in this area

    48 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    Non Member Member

    Metropolitan Regional Information Systems

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Map

Source: Bright MLS

MLS Number: MDMC2070482

Bright MLS

APN: 08-01504811

Maryland Montgomery County Derwood 20855

7102 Horizon Terrace, Derwood, MD

This home is located at 7102 Horizon Terrace, Derwood, MD 20855 since 28 September 2022 and is currently estimated at $435,287, approximately $249 per square foot. This property was built in 1973. 7102 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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