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525 North Horners Lane

525 North Horners Lane, Rockville, MD 20850
Property in East Rockville
Sold Jun 01, 2021
$390,000
$323,000 by Envoy Mortgage Ltd
Mortgage Due Jun 01, 2051
Sold Jul 08, 1994
$97,000
$87,000 by Maryland National Mortgage Cor
Mortgage
525 North Horners Lane in Rockville, MD was first built in 1977 and is 47 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 525 North Horners Lane has 1,056 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. In total, the area measurement of the land is 6,300 square feet.

Learn more about the property and building on this page. 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 B. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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, 525 North Horners Lane was last sold in May 7, 2021 for $390,000. According to our calculations, that's $369.32 per sqft. Prior to that sales transaction, the property was sold for $97,000 in Jan 1, 1970. Current property owners are expected to pay $4,122 in taxes per year. The property on 525 North Horners Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $312,500. To break that down further, the land itself was valued at $242,600. While improvements to the property were assessed at a total of $69,900. 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. 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!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: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARYVALE
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MARYVALE

Ownership

  • Current Owner : MALDONADO EBER
  • Current Owner 2: MALDONADO SARAH J
  • Previous Owner : ROMAN LUIS
  • Previous Owner 2: ROMAN LUIS MARIANO
  • Owner Before Previous Owner: YONKERS TESCIA A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700902

Zoning

  • Zoning: R60

Geography

  • Assessors Map Reference: GR43
  • Account Number: 01744060
  • District: 04
  • Parcel: 04-01744060
  • Block: 1
  • Lot: 37
  • Municipality: ROCKVILLE
  • Latitude: 39.092
  • Longitude: -77.1432

    Address

  • Full Address: 525 N Horners Ln
  • Address - House Number: 525
  • Street Direction: N
  • Address - Street Name: Horners
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Rockville
  • Carrier Code: C028
  • 4-Digit Zip Code: 1250
  • Zip Code: 20850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,122
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 460,825
  • High Value: 532,459
  • Low Value: 389,191

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $323,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Jun 01, 2021
  • First Open Lien Mortgage Loan Amount: $323,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $312,500
  • Market Land Value: $242,600
  • Market Improvement Value: $69,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,500
  • Assessed Land Value: $242,600
  • Assessed Improvements Value: $69,900

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: Jun 01, 2021
  • Current Sale Transaction ID: 11838378966
  • Current Sale Price: $390,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jul 08, 1994
  • Previous Sale Amount: $97,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Jun 01, 2021
  • First Mortgage Loan Amount: $323,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MARYLAND NATIONAL MORTGAGE COR
  • Previous Mortgage Transaction Date: Jul 08, 1994
  • Previous Mortgage Loan Amount: $87,000

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Frequently Asked Questions

What neighborhood is 525 North Horners Lane located in?
The 525 North Horners Lane is a located in the neighborhood of East Rockville in Rockville, Rockville.
What is the average sales price for listings in 525 North Horners Lane?
The average sales price for units in 525 North Horners Lane is $0 currently.

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