NOT LISTED FOR SALE

Lakeside Terrace 7505 Democracy Blvd Unit A427 Bethesda, MD 20817

West Bethesda Neighborhood

Estimated Value: $332,000 - $385,000

2 Beds
2 Baths
1,220 Sq Ft
3,441 Sq Ft Lot

Last Sold April 04, 2016

Last sale price $222,000 $182 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,127/month

Highlights

  • Private Pool
  • Open Floorplan
  • Wood Flooring
  • Ashburton Elementary School Rated A
  • Colonial Architecture
  • Main Floor Bedroom

About This Home

As of May 2016

Top floor. Well maintained 2 BR 2BA with balcony face to south. Wood floor in living and dinning room. Ceramic floor in bathroom and kitchen. Granite counter-top in kitchen and sinks of bathrooms. Security gate and parking under building. Condo fee cover all utilities. Available right now and short term considered.

Last Agent to Rent the Property

Neng-Hua Guo

Unex Realtors, Inc. Listed on: 04/06/2016

Last Renter's Agent

Bryant Ferreira

HomeSmart

HomeSmart

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,325

Year Built

  • Built in 1973

Lot Details

  • 3,441

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,220 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Dining Area
  • Wood Flooring
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Parking

  • Parking Space Number Location: 1
  • Off-Site Parking

Schools

  • Ashburton Elementary School
  • North Bethesda Middle School
  • Walter Johnson High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Private Pool

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,950
  • $250 Move-In Fee
  • Tenant pays for insurance, light bulbs/filters/fuses/alarm care, windows/screens
  • Rent includes air conditioning, common area maintenance, electricity, gas, grounds maintenance, heat, hoa/condo fee, lawn service, water, sewer, trash removal, pool maintenance, parking
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 4/10/16
  • $45 Application Fee
  • Assessor Parcel Number 161001593667

Community Details

Overview

  • Property has a Home Owners Association
  • Moving Fees Required
  • Association fees include electricity, air conditioning, exterior building maintenance, gas, heat, lawn maintenance, insurance, parking fee, pool(s), sewer, snow removal, trash, water
  • Low-Rise Condominium
  • Lakeside Terrace Community
  • Lakeside Terrace Subdivision
  • The community has rules related to moving in times

Recreation

Pet Policy

  • No Pets Allowed

Additional Features

  • Security Service
  • Elevator

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,325

Year Built

Built in 1973

Lot Details

0

Rental Info

  • Date Available: 2016-04-10
  • Application Fee: 45.00
  • Lease Term: 12 Months
  • Pets Allowed: No
  • Rent Includes: Air Conditioning, Common Area Maintenance, Electricity, Gas, Grounds Maintenance, Heat, Hoa/Condo Fee, Lawn Service, Water, Sewer, Trash Removal, Pool Maintenance, Parking
  • Security Deposit: 1950.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Windows/Screens
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 250.00

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Accessibility Features: Elevator
  • New Construction: No
  • Story List: Main
  • Year Built: 1973
  • Remarks Public: Top floor. Well maintained 2 BR 2BA with balcony face to south. Wood floor in living and dinning room. Ceramic floor in bathroom and kitchen. Granite counter-top in kitchen and sinks of bathrooms. Security gate and parking under building. Condo fee cover all utilities. Available right now and short term considered.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area, Entry Level Bedroom, Upgraded Countertops, Elevator, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Top Floor
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1220
  • Living Area Sq Ft: 1220
  • Price Per Sq Ft: 1.55
  • Above Grade Finished Sq Ft: 1220
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7505

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Pool Private: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Parking Space Number Assigned: 1
  • Type Of Parking: Off Site

Utilities

  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor, Tennis Courts, Security
  • HOA Condo Co-Op Fee Includes: Electricity, Air Conditioning, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Insurance, Parking Fee, Pool(s), Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Elevator Use, Moving Fees Required, Moving In Times
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: ASHBURTON
  • Middle School: NORTH BETHESDA
  • High School: WALTER JOHNSON
  • School District Key: 121138126809
  • Elementary School: ASHBURTON
  • High School: WALTER JOHNSON
  • Middle Or Junior School: NORTH BETHESDA

Lot Info

  • Property Attached Yn: Yes
  • Zoning: R30

Tax Info

  • Assessor Parcel Number: 13986172
  • Assessor Parcel Number: 161001593667
  • Tax Total Finished Sq Ft: 1220
  • Close Date: 05/23/2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2016
Closed on
Apr 4, 2016
Sold by
Kong Ann S and Holdren Kong Ann
Bought by
Gu Yuan Qin
Seller's Agent
Neng-Hua Guo
Unex Realtors, Inc.
Buyer's Agent
Bryant Ferreira
HomeSmart
Sold Price
$1,850
Current Estimated Value
$347,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,378
Avg. Annual Appreciation
4.85%

Purchase Details

Listed on
Jun 5, 2013
Closed on
Aug 9, 2013
Sold by
Mccarthy Robert M and Rivers Eva C
Bought by
Kong Ann S
Seller's Agent
Gabriela Vasco
Realty Advantage of Maryland LLC
Buyer's Agent
Edward Lee
NewStar 1st Realty, LLC
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$181,572
Interest Rate
4.51%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 1999
Sold by
Mahaney Francis J and Mahaney M H
Bought by
Rivers Eva C
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
Gu Yuan Qin $222,000 Attorney
Kong Ann S $215,000 Amerikor Title & Escrow Llc
Rivers Eva C $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kong Ann S $181,572
Previous Owner Rivers Eva C $75,000
Previous Owner Rivers Eva C $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2016 05/23/16 Rented $1,850 -6.6% --
05/20/2016 05/20/16 Under Contract -- -- --
04/06/2016 04/06/16 For Rent $1,980 0.0% --
04/04/2016 04/04/16 Sold $222,000 -7.5% $182 / Sq Ft
03/05/2016 03/05/16 Pending -- -- --
02/22/2016 02/22/16 Price Changed $240,000 -3.6% $197 / Sq Ft
01/07/2016 01/07/16 Price Changed $249,000 -4.2% $204 / Sq Ft
12/18/2015 12/18/15 For Sale $260,000 +20.9% $213 / Sq Ft
08/09/2013 08/09/13 Sold $215,000 0.0% $176 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
06/05/2013 06/05/13 For Sale $215,000 -- $176 / 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 $3,325 $285,000 $85,500 $199,500
2024 $3,325 $285,000 $85,500 $199,500
2023 $4,017 $285,000 $85,500 $199,500
2022 $2,337 $290,000 $87,000 $203,000
2021 $4,573 $266,667 $0 $0
2020 $3,560 $243,333 $0 $0
2019 $3,560 $220,000 $66,000 $154,000
2018 $2,357 $213,333 $0 $0
2017 $1,652 $206,667 $0 $0
2016 -- $200,000 $0 $0
2015 $961 $200,000 $0 $0
2014 $961 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Neng-Hua Guo

    Landlord's Agent in 2016

    Neng-Hua Guo

    Unex Realtors, Inc.

    (240) 643-0288

    44 Total Sales

    Neng-Hua Guo
    Section Image
  • Avi Galanti

    Seller's Agent in 2016

    Avi Galanti

    Compass

    (301) 906-4996

    2 in this area

    240 Total Sales

    Avi Galanti
    Section Image
  • Bryant Ferreira

    Tenant's Agent in 2016

    Bryant Ferreira

    HomeSmart

    (240) 406-0308

    38 Total Sales

    Bryant Ferreira
    Section Image
  • Gabriela Vasco

    Seller's Agent in 2013

    Gabriela Vasco

    Realty Advantage of Maryland LLC

    (240) 505-6861

    119 Total Sales

    Gabriela Vasco
    Section Image

  • E

    Buyer's Agent in 2013

    Edward Lee

    NewStar 1st Realty, LLC

    Section Image
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About Lakeside Terrace

Map

Source: Bright MLS

MLS Number: 1002417333

Bright MLS

APN: 10-01593667

Maryland Montgomery County Bethesda 20817 West Bethesda

7505 Democracy Blvd Unit A427, Bethesda, MD

This home is located at 7505 Democracy Blvd Unit A427, Bethesda, MD 20817 since 06 April 2016 and is currently priced at $347,228. This property was built in 1973. 7505 Democracy Blvd Unit A427 is a home located in Montgomery County with nearby schools including Ashburton Elementary School, North Bethesda Middle School, and Walter Johnson High School.

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