NOT LISTED FOR SALE

7516 Indian Hills Dr Derwood, MD 20855

Estimated Value: $490,907 - $515,000

3 Beds
2.5 Baths
1,386 Sq Ft
$363/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $400,000 $289 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,111/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Candlewood Elementary School Rated A

About This Home

As of May 2021

Welcome to this spacious 3 Level End Unit Townhome located in the sought after community of Derwood. It has 3 bedrooms, 2 full bathrooms and a powder room. It has a 10x12 eat in kitchen with table space and is ready for you to update and add your personal touch to it. The living room and dining room has hardwood floors. There is a finished basement with a wood burning fireplace, an exit to the patio, a rough in for a bathroom, shelving in the storage room, a humidifier and air cleaner and storage space under the stairs. Comcast and Verizon Fios is available. Improvements to include a new sewer and water system and the roof and siding was replaced in 2004. This home is in walking distance to the Shady Grove Metro Station and convenient to route 200 (Inter-County Connector) and nearby shopping centers and grocery stores.

Last Agent to Sell the Property

Rita Stevens Carre

Coldwell Banker Realty License #SP97577 Listed on: 04/10/2021

Coldwell Banker Realty

Last Buyer's Agent

Hanna Wang

Prostage Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,855

Year Built

  • Built in 1982

Lot Details

  • 3,075 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $31 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,386 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Finished Basement
  • Connecting Stairway

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Parking Space
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 160402010784

Community Details

Overview

  • The Management Group Associates HOA, Phone Number (301) 948-6666
  • Redland Station Subdivision

Pet Policy

  • Breed Restrictions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,855

Year Built

Built in 1982

Lot Details

0

HOA Fees

$31 per month

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1982
  • Assigned Parking Space Numbers: 16
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this spacious 3 Level End Unit Townhome located in the sought after community of Derwood. It has 3 bedrooms, 2 full bathrooms and a powder room. It has a 10x12 eat in kitchen with table space and is ready for you to update and add your personal touch to it. The living room and dining room has hardwood floors. There is a finished basement with a wood burning fireplace, an exit to the patio, a rough in for a bathroom, shelving in the storage room, a humidifier and air cleaner and storage space under the stairs. Comcast and Verizon Fios is available. Improvements to include a new sewer and water system and the roof and siding was replaced in 2004. This home is in walking distance to the Shady Grove Metro Station and convenient to route 200 (Inter-County Connector) and nearby shopping centers and grocery stores.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Total Sq Ft: 1386
  • Living Area Sq Ft: 1386
  • Price Per Sq Ft: 288.60
  • Above Grade Finished Sq Ft: 1386
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7516

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: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 93.39
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Name: THE MANAGEMENT GROUP ASSOCIATES
  • HOA Phone: 301-948-6666
  • 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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 178200.00
  • Land Assessed Value: 182900.00
  • Land Use Code: 011
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3075.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: PD2
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13827729
  • Tax Annual Amount: 3855.00
  • Assessor Parcel Number: 160402010784
  • Tax Lot: 24
  • Tax Total Finished Sq Ft: 1386
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/20/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
May 19, 2021
Sold by
Leiby Nancy Jean
Bought by
Wang Yun and Zhu Jingyi
Seller's Agent
Rita Stevens Carre
Coldwell Banker Realty
Buyer's Agent
Hanna Wang
Prostage Realty, LLC
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$503,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,477
Avg. Annual Appreciation
5.65%
Original Mortgage
$300,000
Outstanding Balance
$274,553
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$232,848
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
Wang Yun $400,000 O Reilly Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Yun $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $400,000 0.0% $289 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $400,000 -- $289 / 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 $4,781 $407,700 -- --
2024 $4,781 $384,400 $0 $0
2023 $4,495 $361,100 $182,900 $178,200
2022 $4,188 $349,800 $0 $0
2021 $4,014 $338,500 $0 $0
2020 $3,176 $327,200 $174,200 $153,000
2019 $3,164 $327,200 $174,200 $153,000
2018 $3,615 $327,200 $174,200 $153,000
2017 $3,237 $330,000 $0 $0
2016 $3,325 $321,000 $0 $0
2015 $3,325 $312,000 $0 $0
2014 $3,325 $303,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rita Stevens Carre

    Seller's Agent in 2021

    Rita Stevens Carre

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (240) 432-5037

    1 in this area

    7 Total Sales

    Rita Stevens Carre
    Section Image
  • Hanna Wang

    Buyer's Agent in 2021

    Hanna Wang

    Prostage Realty, LLC

    (240) 398-8102

    1 in this area

    142 Total Sales

    Hanna Wang
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC752624

Bright MLS

APN: 04-02010784

Maryland Montgomery County Derwood 20855

7516 Indian Hills Dr, Derwood, MD

This home is located at 7516 Indian Hills Dr, Derwood, MD 20855 since 10 April 2021 and is currently estimated at $503,477, approximately $363 per square foot. This property was built in 1982. 7516 Indian Hills Dr is a home located in Montgomery County with nearby schools including Candlewood Elementary School, Shady Grove Middle School, and Col. Zadok Magruder High School.

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