NOT LISTED FOR SALE

1000 Reserve Champion Dr Rockville, MD 20850

King Farm Neighborhood

Estimated Value: $1,083,000 - $1,119,667

5 Beds
3.5 Baths
3,716 Sq Ft
$296/Sq Ft Est. Value

Last Sold December 05, 2024

Last sale price $1,077,500 $290 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,251/month

13 Days on Market

Highlights

  • Fitness Center
  • Spa
  • Colonial Architecture
  • Tennis Courts
  • View of Trees or Woods
  • Deck

About This Home

As of December 2024

This large upgraded Stanley Martin home enjoys a prime location in the King Farm neighborhood, on a corner lot, near the community pool, nearby parks and downtown restaurants and shops. Offered in outstanding condition, the exceptional home spans approximately 4000 square feet of finished space on three fully finished levels. The home's open floor plan provides for easy entertaining and comfortable daily living as one room flows to another. Ten foot ceilings, hardwood floors and plenty of windows combine to make the home a light-filled haven. From the front Porch entry to the generous foyer, one enters to find generous formal dining and living rooms. The highly functional large open Kitchen offers a center isle, new appliances and plenty of counter space with granite countertops and backsplashes. The adjoining Family Room is ideal for relaxation; a powder room is nearby. Upstairs, there is a very spacious Primary Bedroom Suite and Bathroom with double vanity sinks and soaking tub. Two additional Bedrooms and a Laundry Room are on this level, as well as one Full additional Bathroom. The Lower Level is fully finished, offering a large Recreation Room, fourth and fifth Bedroom and Full Bath. At the rear of the house, a Deck provides room to entertain in the fully fenced, landscaped back yard. A two-car attached garage is at the rear of the house. You will love living this community with all its amenities, including a free shuttle bus to the nearby Shady Grove Metro! This is one of the finest homes in the sought-after King Farm community and not to be missed!


Upgrades include:
House security system - VIVINT comes with 3 External cameras installed.
New Gas water heater installed 2023.
New roof for the house installed September 2020; comes with a 50 year warranty.
New refrigerator installed 2022- top of the line Samsung Bespoke 4-Door Flex™ Smart Refrigerator (29 cu. ft.) in White Glass and customizable colors.
New microwave installed in January 2024.
Home’s lower level is pre-wired with ceiling ready Home Theatre systems. The family room on the main level is pre-wired for a 5.1 Channel speaker system; while the Lower Level is pre-wired for a 7.1 Channel speaker system.
New carpets installed on the entire upper level Sept. 2024.
Lower level and main level Family Room flooring were upgraded in 2022.

Last Listed By

Delia McCormick

Washington Fine Properties, LLC License #510027 Listed on: 10/11/2024

Washington Fine Properties, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,905

Year Built

  • Built in 2003 | Remodeled in 2024

Lot Details

  • 5,093 Sq Ft Lot
  • Northeast Facing Home
  • Property is Fully Fenced
  • Landscaped
  • Premium Lot
  • Corner Lot
  • Level Lot
  • Back Yard
  • Property is in excellent condition
  • Property is zoned CPD1

HOA Fees

  • $124 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener

Property Views

  • Woods
  • Creek or Stream
  • Garden

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Architectural Shingle Roof
  • Vinyl Siding
  • Passive Radon Mitigation

Interior Spaces

  • Property has 3 Levels
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Bonus Room
  • Home Security System
  • Butlers Pantry

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Spa
  • Tennis Courts
  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 160403366146

Community Details

Overview

  • Association fees include pool(s), recreation facility, management, common area maintenance, bus service, snow removal
  • King Farm Citizens Assembly HOA
  • Built by Stanley Martin Homes
  • King Farm Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Common Area
  • Meeting Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Lap or Exercise Community Pool
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,905

Year Built

Built in 2003 | Remodeled in 2024

Lot Details

0

HOA Fees

$124 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2024-10-11
  • Federal Flood Zone: No
  • Year Built: 2003
  • Year Renovated: 2024
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: This large upgraded Stanley Martin home enjoys a prime location in the King Farm neighborhood, on a corner lot, near the community pool, nearby parks and downtown restaurants and shops. Offered in outstanding condition, the exceptional home spans approximately 4000 square feet of finished space on three fully finished levels. The home's open floor plan provides for easy entertaining and comfortable daily living as one room flows to another. Ten foot ceilings, hardwood floors and plenty of windows combine to make the home a light-filled haven. From the front Porch entry to the generous foyer, one enters to find generous formal dining and living rooms. The highly functional large open Kitchen offers a center isle, new appliances and plenty of counter space with granite countertops and backsplashes. The adjoining Family Room is ideal for relaxation; a powder room is nearby. Upstairs, there is a very spacious Primary Bedroom Suite and Bathroom with double vanity sinks and soaking tub. Two additional Bedrooms and a Laundry Room are on this level, as well as one Full additional Bathroom. The Lower Level is fully finished, offering a large Recreation Room, fourth and fifth Bedroom and Full Bath. At the rear of the house, a Deck provides room to entertain in the fully fenced, landscaped back yard. A two-car attached garage is at the rear of the house. You will love living this community with all its amenities, including a free shuttle bus to the nearby Shady Grove Metro! This is one of the finest homes in the sought-after King Farm community and not to be missed! Upgrades include: House security system - VIVINT comes with 3 External cameras installed. New Gas water heater installed 2023. New roof for the house installed September 2020; comes with a 50 year warranty. New refrigerator installed 2022- top of the line Samsung Bespoke 4-Door Flex™ Smart Refrigerator (29 cu. ft.) in White Glass and customizable colors. New microwave installed in January 2024. Home’s lower level is pre-wired with ceiling ready Home Theatre systems. The family room on the main level is pre-wired for a 5.1 Channel speaker system; while the Lower Level is pre-wired for a 7.1 Channel speaker system. New carpets installed on the entire upper level Sept. 2024. Lower level and main level Family Room flooring were upgraded in 2022.
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Bathroom - Walk-In Shower, Bathroom - Soaking Tub, Butlers Pantry
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Passive Radon Mitigation
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Laundry, Mud Room, Recreation Room, Bathroom 2, Bonus Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Fully Finished, Interior Access, Improved
  • Basement Footprint Percent: 100.00
  • Laundry Type: Has Laundry, Main Floor
  • Total Sq Ft: 3948
  • Living Area Sq Ft: 3716
  • Price Per Sq Ft: 437.69
  • Above Grade Finished Sq Ft: 2616
  • Below Grade Finished Sq Ft: 1100
  • Below Grade Sq Ft: 232
  • Total Below Grade Sq Ft: 1332
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1000

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • 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: Vinyl Siding, Brick
  • Exterior Features: Sidewalks, Street Lights, Tennis Court(s)
  • Roof: Architectural Shingle
  • Spa: Yes
  • View: Street, Trees/Woods, Garden/Lawn, Creek/Stream
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Garage - Rear Entry, Garage Door Opener, Inside Access, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 497.07
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 123.52
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Tennis Courts, Tot Lots/Playground, Swimming Pool, Recreational Center, Picnic Area, Meeting Room, Basketball Courts, Baseball Field, Common Grounds, Dog Park, Fitness Center
  • HOA Condo Co-Op Fee Includes: Pool(s), Recreation Facility, Management, Common Area Maintenance, Bus Service, Snow Removal
  • HOA Name: KING FARM CITIZENS ASSEMBLY
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground, Lap/Exercise, Fenced

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
  • Fencing: Fully
  • Land Use Code: R
  • Lot Features: Corner, Landscaping, Level, Premium, Rear Yard
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5093.00
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: CPD1
  • Zoning Description: Residential
  • In City Limits: Yes

Building Info

  • Builder Name: Stanley Martin Homes

Rental Info

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

Tax Info

  • Tax Annual Amount: 11905.00
  • Assessor Parcel Number: 160403366146
  • Tax Lot: 26
  • Tax Total Finished Sq Ft: 3716
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 12/05/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Dec 5, 2024
Sold by
Agbakoba George I and Agbakoba Vivien N
Bought by
Cheng Gregory and Gan Jennifer
Seller's Agent
Delia McCormick
Washington Fine Properties, LLC
Buyer's Agent
Irina Tyszko
RLAH @properties
List Price
$1,195,000
Sold Price
$1,077,500
Premium/Discount to List
-$117,500
-9.83%
Total Days on Market
13
Views
146
Current Estimated Value
$1,099,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,667
Avg. Annual Appreciation
5.24%
Original Mortgage
$803,000
Outstanding Balance
$800,227
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$298,940

Purchase Details

Closed on
Apr 10, 2003
Sold by
Stanley & Martin Homebuilding Llc
Bought by
Agbakoba George I and Agbakoba Vivien N

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
Cheng Gregory $1,077,500 Universal Title
Agbakoba George I $470,206 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Gregory $803,000
Previous Owner Agbakoba George Ifeanyi $636,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $1,077,500 -5.9% $290 / Sq Ft
11/05/2024 11/05/24 Price Changed $1,145,000 -4.2% $308 / Sq Ft
10/11/2024 10/11/24 For Sale $1,195,000 -- $322 / 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 $11,905 $840,200 $404,900 $435,300
2023 $11,958 $799,200 $0 $0
2022 $9,743 $758,200 $0 $0
2021 $9,179 $717,200 $385,600 $331,600
2020 $9,179 $717,200 $385,600 $331,600
2019 $9,198 $717,200 $385,600 $331,600
2018 $10,427 $807,300 $385,600 $421,700
2017 $10,267 $784,400 $0 $0
2016 -- $761,500 $0 $0
2015 $7,852 $738,600 $0 $0
2014 $7,852 $701,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: MDMC2150506

Bright MLS

APN: 04-03366146