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1041 Travis Lane

1041 Travis Lane, Gaithersburg, MD 20879
Townhouse in Montgomery
Sold Jun 29, 2020
$360,000
$288,000 by Truist Bank
Mortgage Due Jul 01, 2035
Sold Oct 07, 2019
$322,000
$312,340 by Primelending
Mortgage Due Oct 01, 2049
1041 Travis Lane has been categorized by the local assessors in Gaithersburg, MD as a residential type of property. The building on the property was first built in 1984 and is 40 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1041 Travis Lane has 1,630 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 350 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 2,881 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. The building on the property is connected to a sewer system. The property was last sold in Jun 12, 2020 for $360,000. That's $281.25 per sqft. Prior to that sales transaction, the property was also sold in Sep 9, 2019 for $322,000. 1041 Travis Lane was last assessed in 2023. The total value of the property was assessed at $344,900. Specifically, the land the property is located on was valued at $150,000. While improvements on the property were assessed at a total of $194,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,693. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Off Street Parking
Parking Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Townhouse
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 350
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,881
  • Total Building Area: 1,280
  • Gross Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,630
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTGOMERY MEADOWS
  • Land Acres: 0.066
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: MONTGOMERY MEADOWS

Ownership

  • Current Owner : TRAN VY PHUONG
  • Previous Owner : KAHNAMELLI SAEED
  • Owner Before Previous Owner: BELLEHU TEZERA A
  • Owner Before Previous Owner 2: ARAYA ALMAZ T

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700733

Zoning

  • Zoning: R18

Geography

  • Assessors Map Reference: FT33
  • Account Number: 01790886
  • District: 09
  • Parcel: 09-01790886
  • Block: C
  • Lot: 25
  • Municipality: GAITHERSBURG
  • Latitude: 39.161
  • Longitude: -77.2172

    Address

  • Full Address: 1041 Travis Ln
  • Address - House Number: 1041
  • Address - Street Name: Travis
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C058
  • 4-Digit Zip Code: 3221
  • Zip Code: 20879

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,693
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1351
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 84
  • Final Value: 475,624
  • High Value: 539,897
  • Low Value: 411,351

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jun 29, 2020
  • First Open Lien Mortgage Loan Amount: $288,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2035

    Market Valuation

  • Market Total Value: $344,900
  • Market Land Value: $150,000
  • Market Improvement Value: $194,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,900
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $194,900

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Transaction ID: 11778387050
  • Current Sale Price: $360,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 07, 2019
  • Previous Sale Contract Date: Sep 09, 2019
  • Previous Sale Amount: $322,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jun 29, 2020
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: Oct 07, 2019
  • Previous Mortgage Loan Amount: $312,340
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2049

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Frequently Asked Questions

What neighborhood is 1041 Travis Lane located in?
The 1041 Travis Lane is a townhouse located in the neighborhood of Montgomery in Gaithersburg, Gaithersburg.
What is the average sales price for listings in 1041 Travis Lane?
The average sales price for units in 1041 Travis Lane is $0 currently.

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