NOT LISTED FOR SALE

7401 Damascus Rd Gaithersburg, MD 20882

Estimated Value: $687,000 - $848,000

4 Beds
2.5 Baths
2,582 Sq Ft
$296/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $675,000 $261 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,503/month

Highlights

  • Colonial Architecture
  • Recreation Room
  • No HOA
  • Damascus Elementary School Rated A-
  • 1 Fireplace
  • 2 Car Attached Garage

About This Home

As of August 2021

Welcome to your beautiful home with stunning Country Views! This gorgeous home is situated on 2 acres and is surrounded by farmland with views for days. Boasting 4 spacious bedrooms, new carpet throughout, fresh paint, an open kitchen that overlooks the family room that's centered around a wood-burning fireplace and a bonus dining space, an elegant formal dining room and sitting room, a 2-story open foyer, a main level laundry room, and so much more! Enjoy the extra space the basement offers with a finished recreation room with added daylight provided by the walk-out basement doors, a bonus workspace, and loads of storage space! Other recent improvements include a newer 50-year shingle roof, a redone deck, and new light fixtures throughout. Located close enough to the local amenities, but far enough out to enjoy the sound of birds chirping, this home is sure to impress!

Last Agent to Sell the Property

Dan Hozhabri

(301) 461-9154 Dan@DHGSells.com Keller Williams Realty Centre License #587796 Listed on: 06/24/2021

Keller Williams Realty Centre

Last Buyer's Agent

Sarah Reynolds

(703) 844-3425 info@empowerhome.com Keller Williams Realty License #0225174916

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,034

Year Built

  • Built in 2000

Lot Details

  • 2 Acre Lot
  • Property is zoned AR

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,582 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Recreation Room
  • Basement

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Schools

  • Damascus Elementary School
  • John T. Baker Middle School
  • Damascus High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic Tank
  • Community Sewer or Septic

Community Details

  • No Home Owners Association
  • Gaithersburg Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 160103280138

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,034

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to your beautiful home with stunning Country Views! This gorgeous home is situated on 2 acres and is surrounded by farmland with views for days. Boasting 4 spacious bedrooms, new carpet throughout, fresh paint, an open kitchen that overlooks the family room that's centered around a wood-burning fireplace and a bonus dining space, an elegant formal dining room and sitting room, a 2-story open foyer, a main level laundry room, and so much more! Enjoy the extra space the basement offers with a finished recreation room with added daylight provided by the walk-out basement doors, a bonus workspace, and loads of storage space! Other recent improvements include a newer 50-year shingle roof, a redone deck, and new light fixtures throughout. Located close enough to the local amenities, but far enough out to enjoy the sound of birds chirping, this home is sure to impress!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Recreation Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Total Sq Ft: 2582
  • Living Area Sq Ft: 2582
  • Price Per Sq Ft: 251.70
  • Above Grade Finished Sq Ft: 2582
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7401

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Community Septic Tank, Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: DAMASCUS
  • Middle School: JOHN T. BAKER
  • High School: DAMASCUS
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138126809
  • School District Source: 3rd Party
  • Elementary School: DAMASCUS
  • High School: DAMASCUS
  • Middle Or Junior School: JOHN T. BAKER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 214000.00
  • Land Assessed Value: 211200.00
  • Land Use Code: 011
  • Lot Size Acres: 2.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87120.00
  • Year Assessed: 2021
  • Zoning: AR
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14081686
  • Tax Annual Amount: 5034.00
  • Assessor Parcel Number: 160103280138
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 2582
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/09/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Aug 9, 2021
Sold by
Adkins Teresa A and Adkins Mark R
Bought by
Teklemariam Hibre and Hurst Alfred
Seller's Agent
Dan Hozhabri
Keller Williams Realty Centre
Buyer's Agent
Sarah Reynolds
Keller Williams Realty
List Price
$649,900
Sold Price
$675,000
Premium/Discount to List
$25,100
3.86%
Current Estimated Value
$763,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,559
Avg. Annual Appreciation
2.96%
Original Mortgage
$641,200
Interest Rate
2.77%

Purchase Details

Closed on
Feb 9, 2021
Sold by
Adkins Teresa A and Suddath Irrevocable Trust
Bought by
Adkins Teresa A and Adkins Mark R

Purchase Details

Closed on
Mar 2, 2000
Sold by
Suddath Evelyn G
Bought by
Adkins Teresa A Et Al Tr
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Teklemariam Hibre $675,000 Metropolitan Title Llc
Teklemariam Hibre $675,000 New Title Company Name
Teklemariam Hibre $675,000 New Title Company Name
Adkins Teresa A -- None Available
Adkins Teresa A Et Al Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teklemariam Hibre $641,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Sold $675,000 +3.9% $261 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $649,900 -- $252 / 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 $5,993 $504,133 -- --
2024 $5,993 $464,667 $0 $0
2023 $6,196 $425,200 $211,200 $214,000
2022 $4,542 $421,100 $0 $0
2021 $4,437 $417,000 $0 $0
2020 $8,722 $412,900 $211,200 $201,700
2019 $4,343 $412,900 $211,200 $201,700
2018 $4,343 $412,900 $211,200 $201,700
2017 $4,789 $460,400 $0 $0
2016 $5,284 $436,967 $0 $0
2015 $5,284 $413,533 $0 $0
2014 $5,284 $390,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2001198

Bright MLS

APN: 01-03280138