18323 Ivy Oak Terrace

Local assessors in Gaithersburg, MD have categorized 18323 Ivy Oak Terrace as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 1,500 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 2 full bathrooms. There are also 3 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 18323 Ivy Oak Terrace has a total of 1,568 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 350 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 composition shingle. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Sep 15, 2022 for $381,000. That's $312.81 per sqft. Prior to that sales transaction, the property was also sold in Dec 29, 2016 for $260,000. 18323 Ivy Oak Terrace was last assessed in 2023. The total value of the property was assessed at $277,500. Specifically, the land the property is located on was valued at $120,000. While improvements on the property were assessed at a total of $157,500. 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 $4,224. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.