NOT LISTED FOR SALE

7703 Majestic Way Derwood, MD 20855

Estimated Value: $533,000 - $560,000

4 Beds
3.5 Baths
1,820 Sq Ft
$302/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $451,500 $248 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,562/month

7 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Cathedral Ceiling
  • Candlewood Elementary School Rated A
  • Clubhouse
  • Community Pool

About This Home

As of April 2021

Freshly Painted & Carpeted first& upper level 3Bedrooms,2 full baths ,new tiled family room and 4th Bedroom and full bath in basement .fireplace in Family Room, Brick Front, Deck & Finished Patio ,walkout & fenced backyard, community swimming pool & club House ,near park and lake need wood, very close to shady grove metro & easy commute to I 200 & 270.

Last Agent to Sell the Property

Tayaa Mraihi

Long & Foster Real Estate, Inc. License #306915 Listed on: 03/25/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Katie Ibrahim

The Agency DC License #5002643

The Agency DC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1985

Lot Details

  • 1,467 Sq Ft Lot
  • Property is in very good condition

HOA Fees

  • $101 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Glass Doors
  • Screen For Fireplace
  • Marble Fireplace
  • Dining Area
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Rear Basement Entry
  • Laundry in Basement

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • 2 Assigned Parking Spaces

Schools

  • Maryvale Elementary School
  • Shady Grove Middle School
  • Col. Zadok A. Magruder High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Dehumidifier
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 203
  • Assessor Parcel Number 160902515103

Community Details

Overview

  • Association fees include management, pool(s), recreation facility, road maintenance, snow removal, trash
  • Park Overlook Subdivision

Amenities

  • Clubhouse
  • Community Center

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Bike Trail

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,145

Year Built

Built in 1985

Lot Details

0

HOA Fees

$101 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1985
  • Assigned Parking Space Numbers: 203
  • Automatically Close On Close Date: No
  • Remarks Public: Freshly Painted & Carpeted first& upper level 3Bedrooms,2 full baths ,new tiled family room and 4th Bedroom and full bath in basement .fireplace in Family Room, Brick Front, Deck & Finished Patio ,walkout & fenced backyard, community swimming pool & club House ,near park and lake need wood, very close to shady grove metro & easy commute to I 200 & 270.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Exhaust Fan, Humidifier, Instant Hot Water, Oven - Single, Oven/Range - Electric, Range Hood, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Crown Moldings, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Tub Shower, Walk-In Closet(s)
  • Fireplace Features: Fireplace - Glass Doors, Marble, Screen, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Cathedral Ceilings, Vaulted Ceilings
  • Levels Count: 3
  • Room Count: 7
  • Basement: Yes
  • Basement Type: Fully Finished, Outside Entrance, Rear Entrance, Walkout Level
  • Laundry Type: Basement
  • Total Sq Ft: 2280
  • Living Area Sq Ft: 1820
  • Price Per Sq Ft: 297.04
  • Above Grade Finished Sq Ft: 1520
  • Below Grade Finished Sq Ft: 300
  • Below Grade Sq Ft: 460
  • Total Below Grade Sq Ft: 760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7703

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Brick Veneer, Vinyl Siding
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Dehumidifier
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Instant Hot Water, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 101.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Bike Trail, Club House, Community Center, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Management, Pool(s), Recreation Facility, Road Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: MARYVALE
  • Middle School: SHADY GROVE
  • High School: COL. ZADOK A. MAGRUDER
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: MARYVALE
  • High School: COL. ZADOK A. MAGRUDER
  • Middle Or Junior School: SHADY GROVE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 210200.00
  • Land Assessed Value: 180000.00
  • Land Use Code: 011
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1467.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: PD5
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13968841
  • Tax Annual Amount: 4145.00
  • Assessor Parcel Number: 160902515103
  • Tax Lot: 203
  • Tax Total Finished Sq Ft: 1820
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/23/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 21, 2021
Sold by
Yeh Tu Paoding and Yeh Pao Ding
Bought by
Choi Hyun Jo
Seller's Agent
Tayaa Mraihi
Long & Foster Real Estate, Inc.
Buyer's Agent
Katie Ibrahim
The Agency DC
List Price
$444,900
Sold Price
$451,500
Premium/Discount to List
$6,600
1.48%
Current Estimated Value
$550,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,994
Avg. Annual Appreciation
4.41%
Original Mortgage
$434,560
Outstanding Balance
$397,979
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$145,360

Purchase Details

Closed on
Jul 29, 1999
Sold by
Yeh Pao and Yeh Ding
Bought by
Yeh Pao and Yeh Ding
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
Choi Hyun Jo $451,500 Rgs Title
Yeh Pao -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Hyun Jo $434,560
Previous Owner Yeh Pao Ding $469,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $451,500 0.0% $248 / Sq Ft
04/15/2021 04/15/21 Price Changed $451,500 +1.5% $248 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $444,900 -1.5% $244 / Sq Ft
03/30/2021 03/30/21 Off Market $451,500 -- --
03/25/2021 03/25/21 For Sale $444,900 -- $244 / 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 $5,043 $407,167 $0 $0
2023 $5,523 $390,200 $180,000 $210,200
2022 $3,835 $380,533 $0 $0
2021 $3,679 $370,867 $0 $0
2020 $258 $361,200 $180,000 $181,200
2019 $382 $353,500 $0 $0
2018 $364 $345,800 $0 $0
2017 $327 $338,100 $0 $0
2016 $345 $318,133 $0 $0
2015 $345 $298,167 $0 $0
2014 $345 $278,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tayaa Mraihi

    Seller's Agent in 2021

    Tayaa Mraihi

    Long & Foster

    (240) 793-4009

    3 in this area

    61 Total Sales

    Section Image
  • Katie Ibrahim

    Buyer's Agent in 2021

    Katie Ibrahim

    The Agency DC

    (240) 477-3990

    1 in this area

    12 Total Sales

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Map

Source: Bright MLS

MLS Number: MDMC750110

Bright MLS

APN: 09-02515103

Maryland Montgomery County Derwood 20855

7703 Majestic Way, Derwood, MD

This home is located at 7703 Majestic Way, Derwood, MD 20855 since 25 March 2021 and is currently estimated at $550,494, approximately $302 per square foot. This property was built in 1985. 7703 Majestic Way 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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