NOT LISTED FOR SALE

Estimated Value: $347,000 - $358,000

1 Bed
1 Bath
988 Sq Ft
$491/mo HOA Fee

Last Sold November 12, 2024

Last sale price $350,000 $354 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,775/month

9 Days on Market

Highlights

  • Bar or Lounge
  • Fitness Center
  • Loft
  • Rachel Carson Elementary School Rated A
  • Contemporary Architecture
  • Community Pool

About This Home

As of November 2024

Welcome to this stunning and spacious 1-bedroom, 1-bath condo with a versatile loft, located in the heart of Gaithersburg. This luxury unit features an open floor plan, high ceilings, and expansive windows that fill the space with natural light.

The primary bedroom is well-sized with closet space, and the loft area provides additional flexible space, perfect for an office, guest area, or cozy retreat. The bathroom is modern and well-appointed with high-end finishes.

Located in a prime area, this home is just minutes from AstraZeneca, Whole Foods Market, Lowe’s, Rio Lakefront, a local cinema, Target, and more! Additional highlights include in-unit laundry, garage parking, and luxury building amenities.

Experience upscale living with easy access to shopping, dining, entertainment, and major commuter routes. Don’t miss your chance to own this beautiful home in a vibrant community!

Last Listed By

Ki Yoon

Pacific Realty License #0225075463 Listed on: 10/04/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,735

Year Built

  • Built in 2005

Lot Details

  • 44

HOA Fees

  • $491 Monthly HOA Fees

Parking

  • 1 Assigned Parking Garage Space
  • Assigned parking located at #306
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Front

Interior Spaces

  • 988 Sq Ft Home
  • Property has 2 Levels
  • Loft
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160903516160

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, pool(s), snow removal, trash, water, gas
  • Low-Rise Condominium
  • The Colonnade Codm Community
  • The Colonnade At Kentlands Subdivision

Amenities

  • Billiard Room
  • Party Room
  • Bar or Lounge

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,735

Year Built

Built in 2005

Lot Details

0

HOA Fees

$491 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-10-04
  • Year Built: 2005
  • Assigned Parking Space Numbers: 306
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to this stunning and spacious 1-bedroom, 1-bath condo with a versatile loft, located in the heart of Gaithersburg. This luxury unit features an open floor plan, high ceilings, and expansive windows that fill the space with natural light. The primary bedroom is well-sized with closet space, and the loft area provides additional flexible space, perfect for an office, guest area, or cozy retreat. The bathroom is modern and well-appointed with high-end finishes. Located in a prime area, this home is just minutes from AstraZeneca, Whole Foods Market, Lowe’s, Rio Lakefront, a local cinema, Target, and more! Additional highlights include in-unit laundry, garage parking, and luxury building amenities. Experience upscale living with easy access to shopping, dining, entertainment, and major commuter routes. Don’t miss your chance to own this beautiful home in a vibrant community!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Levels Count: 2
  • Room List: Loft
  • Basement: No
  • Total Sq Ft: 988
  • Living Area Sq Ft: 988
  • Price Per Sq Ft: 364.37
  • Above Grade Finished Sq Ft: 988
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage, On Street
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • 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

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 491.28
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bar/Lounge, Billiard Room, Exercise Room, Party Room, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Snow Removal, Trash, Water, Gas
  • HOA: No
  • Senior Community: 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

  • Land Use Code: U
  • Year Assessed: 2024
  • Zoning: MXD
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3735.00
  • Assessor Parcel Number: 160903516160
  • Tax Total Finished Sq Ft: 988
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/12/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Nov 12, 2024
Sold by
Choi Marcie Young
Bought by
Lim Sung Hee
Seller's Agent
Ki Yoon
Pacific Realty
Buyer's Agent
Ellen Kim
NewStar 1st Realty, LLC
List Price
$360,000
Sold Price
$350,000
Premium/Discount to List
-$10,000
-2.78%
Total Days on Market
9
Views
38
Current Estimated Value
$353,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,478
Avg. Annual Appreciation
2.22%
Original Mortgage
$280,000
Outstanding Balance
$278,624
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$74,854

Purchase Details

Listed on
May 24, 2019
Closed on
Aug 20, 2019
Sold by
Zhao Jing
Bought by
Choi Marcie
Seller's Agent
Jonathan Lahey
EXP Realty, LLC
Buyer's Agent
Kenneth Grant
Pearson Smith Realty, LLC
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$243,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2013
Closed on
Jun 28, 2013
Sold by
Shackleford Justin X
Bought by
Zhao Jing
Seller's Agent
Josh Ross
RE/MAX Realty Services
Buyer's Agent
Margaret Plumly
Redfin Corp
List Price
$265,000
Sold Price
$257,000
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.81%
Original Mortgage
$182,400
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2010
Sold by
El-Ad Kentlands Llc
Bought by
Shackleford Justin X

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Interest Rate
5%
Mortgage Type
FHA

Range of Values:

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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
Lim Sung Hee $350,000 None Listed On Document
Lim Sung Hee $350,000 None Listed On Document
Choi Marcie $270,000 Certified Title Corporation
Zhao Jing $257,000 First American Title Insuran
Zhao Jing $257,000 First American Title Ins Co
Shackleford Justin X $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Sung Hee $280,000
Closed Lim Sung Hee $280,000
Previous Owner Choi Marcie $243,000
Previous Owner Zhao Jing $182,400
Previous Owner Shackleford Justin X $251,702
Previous Owner Shackleford Justin X $250,381
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $350,000 -2.8% $354 / Sq Ft
10/04/2024 10/04/24 For Sale $360,000 +33.3% $364 / Sq Ft
08/21/2019 08/21/19 Sold $270,000 0.0% $273 / Sq Ft
06/30/2019 06/30/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $270,000 +5.1% $273 / Sq Ft
06/28/2013 06/28/13 Sold $257,000 -3.0% $260 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
04/11/2013 04/11/13 Price Changed $265,000 0.0% $268 / Sq Ft
04/11/2013 04/11/13 For Sale $265,000 -3.6% $268 / Sq Ft
04/06/2013 04/06/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $275,000 -- $278 / 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 $3,735 $283,333 $0 $0
2023 $2,724 $260,000 $78,000 $182,000
2022 $2,588 $256,667 $0 $0
2021 $2,560 $253,333 $0 $0
2020 $2,507 $250,000 $75,000 $175,000
2019 $2,475 $246,667 $0 $0
2018 $3,097 $243,333 $0 $0
2017 $2,400 $240,000 $0 $0
2016 -- $228,333 $0 $0
2015 $2,456 $216,667 $0 $0
2014 $2,456 $205,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: MDMC2149890

Bright MLS

APN: 09-03516160