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9516 Melrose Square Way

9516 Melrose Square Way, Gaithersburg, MD 20882
Property in Montgomery
Sold Mar 04, 2022
$126,228
$265,000 by Blue Ridge Bank Na
Mortgage Due Mar 01, 2052
Sold May 19, 2017
$285,000
$279,837 by Townebank Mortgage
Mortgage Due Jun 01, 2047
Local assessors in Gaithersburg, MD have categorized 9516 Melrose Square Way 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 1,800 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 9516 Melrose Square Way has a total of 1,642 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 380 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 composition shingle. 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. The property was last sold in Feb 16, 2022 for $126,228. That's $100.02 per sqft. Prior to that sales transaction, the property was also sold in May 17, 2017 for $285,000. 9516 Melrose Square Way was last assessed in 2023. The total value of the property was assessed at $309,400. 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 $4,592. 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: 1987
  • Effective Year Built: 1987
  • 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: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 380
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,800
  • Total Building Area: 1,262
  • Gross Building Area: 1,262
  • Building Area: 1,262
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,642
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE PLANTATIONS
  • Land Acres: 0.041
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: THE PLANTATIONS

Ownership

  • Current Owner : LEWIS CHERILYN MAY
  • Previous Owner : CORINNE LEWIS MICHELLE
  • Owner Before Previous Owner: BURROWS DANIEL J
  • Owner Before Previous Owner 2: BURROWS KRISTY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700206

Zoning

  • Zoning: RE2C

Geography

  • Assessors Map Reference: FW52
  • Account Number: 02505582
  • District: 12
  • Parcel: 12-02505582
  • Block: D
  • Lot: 130
  • Latitude: 39.2495
  • Longitude: -77.197

    Address

  • Full Address: 9516 Melrose Square Way
  • Address - House Number: 9516
  • Address - Street Name: Melrose Square
  • Address - Suffix Type: Way
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: R030
  • 4-Digit Zip Code: 2716
  • Zip Code: 20882

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,592

    Appraisal Valuation

  • Standard Deviation: 0.1564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 431,579
  • High Value: 499,086
  • Low Value: 364,072

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $265,000
  • First Open Lien Mortgage Lender: BLUE RIDGE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 04, 2022
  • First Open Lien Mortgage Loan Amount: $265,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $326,500
  • Market Land Value: $132,000
  • Market Improvement Value: $194,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $309,400

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Mar 04, 2022
  • Current Sale Transaction ID: 11880761513
  • Current Sale Price: $126,228
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 19, 2017
  • Previous Sale Contract Date: May 17, 2017
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BLUE RIDGE BANK NA
  • First Mortgage Transaction Date: Mar 04, 2022
  • First Mortgage Loan Amount: $265,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK MORTGAGE
  • Previous Mortgage Transaction Date: May 19, 2017
  • Previous Mortgage Loan Amount: $279,837
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Damascus



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Frequently Asked Questions

What neighborhood is 9516 Melrose Square Way located in?
The 9516 Melrose Square Way is a located in the neighborhood of Montgomery in Damascus, Gaithersburg.
What is the average sales price for listings in 9516 Melrose Square Way?
The average sales price for units in 9516 Melrose Square Way is $0 currently.

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