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501 Monroe Street

501 Monroe Street, Rockville, MD 20850
Property in Courthouse Park
Sold Oct 13, 2016
$405,000
$300,000 by Wei Mortgage Corporation
Mortgage Due Jun 01, 2031
Sold Jun 01, 2000
$176,400
501 Monroe Street in Rockville, MD was first built in 1949 and is 75 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 501 Monroe Street has 1,310 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 190 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 5,030 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of composition shingle. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. As for heating, the home is utilizing a radiant heating system. The property was last sold in Apr 27, 2016 for $405,000. That's $361.61 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $176,400. 501 Monroe Street was last assessed in 2023. The total value of the property was assessed at $441,567. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,525. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 190
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,030
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 1,310
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROCKVILLE HEIGHTS
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT 7 ROCKVILLE HEIGH TS

Ownership

  • Current Owner : WANG JOSEPH
  • Current Owner 2: GUAN ENNAN
  • Previous Owner : DECORE JOHN J
  • Owner Before Previous Owner: TAYLOR GORDON C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700901

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: GR32
  • Account Number: 00204754
  • District: 04
  • Parcel: 04-00204754
  • Block: 3
  • Lot: P6
  • Municipality: ROCKVILLE
  • Latitude: 39.0785
  • Longitude: -77.1515

    Address

  • Full Address: 501 Monroe St
  • Address - House Number: 501
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MD
  • City Name: Rockville
  • Carrier Code: C035
  • 4-Digit Zip Code: 4413
  • Zip Code: 20850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,525
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 550,366
  • High Value: 629,246
  • Low Value: 471,486

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: WEI MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Oct 13, 2016
  • 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, 2031

    Market Valuation

  • Market Total Value: $451,900
  • Market Land Value: $333,600
  • Market Improvement Value: $118,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $441,567

    Sales

  • Current Sale Contract Date: Apr 27, 2016
  • Current Sale Recording Date: Oct 13, 2016
  • Current Sale Transaction ID: 1882444616
  • Current Sale Price: $405,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 01, 2000
  • Previous Sale Amount: $176,400
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WEI MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Oct 13, 2016
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2031

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Frequently Asked Questions

What neighborhood is 501 Monroe Street located in?
The 501 Monroe Street is a located in the neighborhood of Courthouse Park in Rockville, Rockville.
What is the average sales price for listings in 501 Monroe Street?
The average sales price for units in 501 Monroe Street is $0 currently.

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