This property is owned by HUD (Case #249-504715). FHA Financing: IE (Insured Escrow). The property is sold strictly in AS-IS condition and is managed by K.M. Minemier & Associates, LLC. The seller will make no repairs, and no repairs may be completed prior to closing. Purchaser inspections are for informational purposes only. The seller may offer up to 3% closing cost assistance. Any ground rent must be verified by the buyer. Showing agents must sign the physical sign-in sheet at the property for every showing. Bids may only be submitted by HUD-registered agents/agencies through HUDHomeStore.gov. All bidding deadlines and disclosures can be reviewed online at HUDHomeStore.gov prior to placing a bid. All offers will be considered. Equal Housing Opportunity. The property features 2 bedrooms and 2 bathrooms, along with a spacious living room and kitchen. This is a great opportunity for a first-time homebuyer, someone looking to downsize, or an investor seeking a promising property. Listing Period: Owner-occupants, nonprofit organizations, and government agencies only.
Foreclosure
$225,000
301 Palmspring Dr APT 7, Gaithersburg, MD 20878
2beds
964sqft
Condominium
Built in 1987
-- sqft lot
$223,600 Zestimate®
$233/sqft
$480/mo HOA
What's special
- 22 days
- 309
- 11
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rita Young 301-983-0200,
Coldwell Banker Realty 3017935700
Source: Bright MLS,MLS#: MDMC2251978
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Cooktop, Washer, Oven, Exhaust Fan, Electric Water Heater
- Laundry: Main Level, In Unit
Features
- Bathroom - Tub Shower, Soaking Tub, Dry Wall
- Flooring: Carpet
- Doors: Sliding Glass
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 964
- Total interior livable area: 964 sqft
- Finished area above ground: 964
- Finished area below ground: 0
Property
Parking
- Parking features: Public, Unassigned, Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 160902714148
- Zoning: R20
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Average
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Connected, Cable
Community & HOA
Community
- Features: Pool
- Condo and coop fee: $480 monthly
- Subdivision: Park Summit Codm
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Water, Trash, Snow Removal, Road Maintenance, Pool(s), Parking Fee, Maintenance Grounds, Insurance, Maintenance Structure
- HOA name: Vanguard Management
Location
- Region: Gaithersburg
Financial & listing details
- Price per square foot: $233/sqft
- Tax assessed value: $215,000
- Annual tax amount: $2,696
- Date on market: 8/19/2026
- Listing agreement: Exclusive Agency
- Listing terms: Cash,FHA 203(b),Conventional
- Ownership: Condominium
- Road surface type: Black Top
Foreclosure details
Estimated market value
$223,600
$212,000 - $235,000
$1,933/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Sold | $265,207+89.6%$275/sqft |
Source: Public Record Report a problem | ||
| 6/22/2004 | Sold | $139,900+86.5%$145/sqft |
Source: Public Record Report a problem | ||
| 4/30/1997 | Sold | $75,000$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30 -98.8% | $205,000 +5.1% |
| 2024 | $2,538 +5.9% | $195,000 +5.4% |
| 2023 | $2,397 +7.7% | $185,000 +4.7% |
| 2022 | $2,225 +4.5% | $176,667 +5% |
| 2021 | $2,130 +5.5% | $168,333 +5.2% |
| 2020 | $2,019 -0.3% | $160,000 |
| 2019 | $2,025 -0.6% | $160,000 |
| 2018 | $2,036 -14.5% | $160,000 -11.1% |
| 2017 | $2,383 +76.4% | $180,000 +5.9% |
| 2016 | $1,350 | $170,000 +6.3% |
| 2015 | $1,350 | $160,000 +6.7% |
| 2014 | $1,350 | $150,000 |
| 2013 | -- | $150,000 |
| 2012 | -- | $150,000 -16.7% |
| 2011 | -- | $180,000 |
| 2010 | -- | $180,000 |
| 2009 | -- | $180,000 -21.7% |
| 2008 | -- | $230,000 +25.2% |
| 2007 | -- | $183,666 +33.7% |
| 2006 | -- | $137,333 +50.9% |
| 2005 | -- | $91,000 +7.1% |
| 2004 | -- | $85,000 |
| 2003 | -- | $85,000 +16.4% |
| 2002 | -- | $73,000 |
| 2001 | -- | $73,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 20878
Nearby schools
Schools provided by the listing agent
- District: Montgomery County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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