501 Palmtree Dr Unit 3 Gaithersburg, MD 20878
Estimated payment $2,261/month
Total Views
41,605
2
Beds
2
Baths
964
Sq Ft
$296
Price per Sq Ft
Highlights
- Wood Flooring
- Upgraded Countertops
- Tennis Courts
- Fields Road Elementary School Rated A-
- Community Pool
- Breakfast Area or Nook
About This Home
Step into this rarely available 2-bedroom, 2-bath condo in the desirable Park Summit neighborhood. Thoughtfully updated, this home features windows that are less than five years old, a brand-new HVAC unit (air handler) for year-round comfort, and a stunning kitchen with two-tone cabinetry, quartz countertops, a stylish glass tile backsplash, and stainless steel appliances. The open-concept layout seamlessly connects to the spacious living and dining areas, with durable LVP flooring throughout. The spa-like bathrooms showcase modern vanities, designer tile work, and rainfall showerheads for a luxurious touch. Enjoy the convenience of in-unit laundry and ample storage.
As part of the Park Summit community, residents have access to fantastic amenities, including a recreation facility, swimming pool, tennis courts, and tot lots/playgrounds—perfect for active lifestyles and family-friendly living.
Located near Washingtonian Woods Park, scenic lakes and trails, and local playgrounds and green spaces, this condo offers easy access to outdoor recreation. Just minutes from Downtown Crown, RIO Washingtonian Center, and Kentlands Market Square, residents can enjoy an array of shopping, dining, and entertainment options. For commuters, the home is ideally situated near Shady Grove Metro Station (Red Line), just 4–5 miles south, and the MARC Commuter Rail in Olde Towne Gaithersburg.
The property is also minutes from major highways, including I-270, I-370, and the Sam Eig Highway, with quick connections to the ICC (Route 200), Bethesda, Washington, D.C., and Frederick. Whether you're looking for modern comforts, community amenities, or unbeatable accessibility, this condo is a must-see!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,597
Year Built
- Built in 1987
HOA Fees
- $455 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 964 Sq Ft Home
- Property has 1 Level
- Window Treatments
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Stove
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Parking Lot
- Unassigned Parking
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 160902759578
Community Details
Overview
- Association fees include water, snow removal, sewer, road maintenance, reserve funds, recreation facility, pool(s), all ground fee, common area maintenance, exterior building maintenance, insurance, management, lawn maintenance
- Low-Rise Condominium
- Park Summit Codm Community
- Park Summit Codm Subdivision
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,597 | $195,000 | $0 | $0 |
| 2023 | $2,455 | $185,000 | $55,500 | $129,500 |
| 2022 | $2,225 | $176,667 | $0 | $0 |
| 2021 | $2,194 | $168,333 | $0 | $0 |
| 2020 | $2,081 | $160,000 | $48,000 | $112,000 |
| 2019 | $2,088 | $160,000 | $48,000 | $112,000 |
| 2018 | $2,095 | $160,000 | $48,000 | $112,000 |
| 2017 | $2,280 | $180,000 | $0 | $0 |
| 2016 | -- | $170,000 | $0 | $0 |
| 2015 | $2,277 | $160,000 | $0 | $0 |
| 2014 | $2,277 | $150,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Price Changed | $284,900 | -1.7% | $296 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $289,900 | -- | $301 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $79,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $156,000 | Stand Alone Second | |
| Closed | $158,200 | Unknown | |
| Closed | $140,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Similar Homes in Gaithersburg, MD
Source: Bright MLS
MLS Number: MDMC2167872
APN: 09-02759578
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