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15501 Villisca Terrace

15501 Villisca Terrace, Derwood, MD 20855
Property in Montgomery
Sold Jun 09, 2021
$520,000
Buyer
Seller
$300,000 by Cornerstone Mortgage Services
Mortgage Due Jun 01, 2036
Sold Sep 25, 2018
$452,000
Local assessors in Derwood, MD have categorized 15501 Villisca Terrace as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 6,709 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 15501 Villisca Terrace has a total of 1,584 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 594 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a roof that is made of wood shake/ shingles. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 15501 Villisca Terrace sold most recently in May 11, 2021 for a total of $520,000. If you work out the math, that's approximately a cost of $328.28 per sqft. Before that, the property was also sold for $452,000 in Aug 9, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,370 in taxes each year. The initial year of tax delinquency occurred in 2019. 15501 Villisca Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $448,000. If we break it down further, the land itself was valued at $182,900. Improvements to the property, however, were assessed at a total of $265,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Townhouse
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 594
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,709
  • Total Building Area: 1,584
  • Gross Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,584
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DERWOOD STATION
  • Land Acres: 0.154
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: DERWOOD STATION

Ownership

  • Current Owner : WONG JASON
  • Previous Owner : GU QUN
  • Owner Before Previous Owner: VAISHNAV JAY Y
  • Owner Before Previous Owner 2: JARIWALA AMAR R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701211

Zoning

  • Zoning: R200

Geography

  • Assessors Map Reference: GS32
  • Account Number: 02286312
  • District: 04
  • Parcel: 04-02286312
  • Block: U
  • Lot: 29
  • Latitude: 39.1101
  • Longitude: -77.1495

    Address

  • Full Address: 15501 Villisca Ter
  • Address - House Number: 15501
  • Address - Street Name: Villisca
  • Address - Suffix Type: Ter
  • State: MD
  • City Name: Derwood
  • Carrier Code: C007
  • 4-Digit Zip Code: 2741
  • Zip Code: 20855

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,370
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1505
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 609,255
  • High Value: 700,973
  • Low Value: 517,537

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: CORNERSTONE MORTGAGE SERVICES
  • First Open Lien Mortgage Recording Date: Jun 09, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Jun 01, 2036

    Market Valuation

  • Market Total Value: $448,000
  • Market Land Value: $182,900
  • Market Improvement Value: $265,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $448,000
  • Assessed Land Value: $182,900
  • Assessed Improvements Value: $265,100

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11839625954
  • Current Sale Price: $520,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 25, 2018
  • Previous Sale Contract Date: Aug 09, 2018
  • Previous Sale Amount: $452,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jun 09, 2021
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2036

About Derwood



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 15501 Villisca Terrace located in?
The 15501 Villisca Terrace is a located in the neighborhood of Montgomery in Derwood, Derwood.
What is the average sales price for listings in 15501 Villisca Terrace?
The average sales price for units in 15501 Villisca Terrace is $0 currently.

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