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428 Palmspring Drive

428 Palmspring Drive, Gaithersburg, MD 20878
Property in Montgomery
Sold Dec 01, 2015
$279,900
$185,000 by Trustworthy Mortgage Corp
Mortgage Due Dec 01, 2045
Sold Apr 10, 2001
$125,000
428 Palmspring Drive 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 1988 and is 36 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 428 Palmspring Drive has 1,604 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,200 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. There is a single fireplace in the home. Perfect for those wintery nights. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 428 Palmspring Drive was last sold in Nov 12, 2015 for $279,900. According to our calculations, that's $176.93 per sqft. Prior to that sales transaction, the property was sold for $125,000 in Jan 1, 1970. Current property owners are expected to pay $4,395 in taxes per year. The property on 428 Palmspring Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $324,700. To break that down further, the land itself was valued at $120,000. While improvements to the property were assessed at a total of $204,700. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Townhouse
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,200
  • Total Building Area: 1,582
  • Gross Building Area: 1,582
  • Building Area: 1,582
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,604
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK SUMMIT
  • Land Acres: 0.028
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: PARK SUMMIT

Ownership

  • Current Owner : PAN FU KUI
  • Current Owner 2: CHEN JUSTINE JIN HUA
  • Previous Owner : DONALDSON KENNETH B
  • Owner Before Previous Owner: FOX BARRY A
  • Owner Before Previous Owner 2: FOX D C

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700837

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: FS33
  • Account Number: 02646090
  • District: 09
  • Parcel: 09-02646090
  • Block: E
  • Lot: 12
  • Municipality: GAITHERSBURG
  • Latitude: 39.1236
  • Longitude: -77.2114

    Address

  • Full Address: 428 Palmspring Dr
  • Address - House Number: 428
  • Address - Street Name: Palmspring
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C046
  • 4-Digit Zip Code: 2962
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,395
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 475,851
  • High Value: 548,564
  • Low Value: 403,137

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,000
  • First Open Lien Mortgage Lender: TRUSTWORTHY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 01, 2015
  • First Open Lien Mortgage Loan Amount: $185,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2045

    Market Valuation

  • Market Total Value: $324,700
  • Market Land Value: $120,000
  • Market Improvement Value: $204,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,700
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $204,700

    Sales

  • Current Sale Contract Date: Nov 12, 2015
  • Current Sale Recording Date: Dec 01, 2015
  • Current Sale Transaction ID: 1392721719
  • Current Sale Price: $279,900
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 10, 2001
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUSTWORTHY MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 01, 2015
  • First Mortgage Loan Amount: $185,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2045

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Frequently Asked Questions

What neighborhood is 428 Palmspring Drive located in?
The 428 Palmspring Drive is a located in the neighborhood of Montgomery in Gaithersburg, Gaithersburg.
What is the average sales price for listings in 428 Palmspring Drive?
The average sales price for units in 428 Palmspring Drive is $0 currently.

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