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Sold for $485,000
  • $485,000

    505 Philmont Dr, Gaithersburg, MD 20878

    3beds
    1,620sqft
    Townhouse
    Built in 1986
    2,180 Square Feet Lot
    $507,400 Zestimate®
    $299/sqft
    $2,802 Estimated rent

    Home value

    $507,400

    $482,000 - $533,000

    $2,802/mo

    Zestimate® history
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    What's special

    Large poolCrown farmNice laundry areaNew patioMetro stationPaddle fansFlower boxes
    The one you have been waiting for! Stunning, beautifully updated, and meticulously cared for townhome with sought out location, can be yours. Brand new GAF Timberline architectural roof (warranty transfers) starts the lists of upgrades. Gorgeous Schuler raised panel cherry cabinets welcome you into a well-appointed kitchen with new stainless-steel appliances and granite counters. The main floor is filled with natural light thanks to a new full view front storm door, Pella French patio door and double hung Pella windows. A wood burning ventilated fireplace is just waiting for your favorite artwork to be placed above it! Now-let's go and check out the deck enhanced with flower boxes overlooking a nice fenced in yard-perfection. Follow me to the upper level where we will find three bedrooms-all with paddle fans and complemented with closet systems. Primary bath with calacatta marble floors and porcelain shower walls give a wonderful spa feeling and the updated light fixtures throughout -add a nice touch. I may have saved the best for last-you decide. Inviting staircase guides us to the lower level where we are greeted with a half bath, nice laundry area that offers Electrolux washer/dryer with pedestals and a laundry sink. There is a work bench and area for storage too. Wait. It gets even better! The lower level has been designed to transform into what you need. Features like the wet bar make entertaining seamless and the open floor plan can be used as a home office, a rec room- you choose. Walk out to your new patio and lush fenced in yard-perfect for gardening or simply relaxing. Plenty to do in this highly sought-after Park Summit community. Stroll into the adjacent Malcolm King Park for a gentle wooded parkland, take a dip in the large pool or play a match of tennis. For entertainment, you are within 3 miles of Rio Washingtonian Center, Crown Farm or Kentlands restaurants, shopping and movie theatres. Easy access to 270/370 lets you get on the interstate in minutes or to the metro station for an easy commute.

    Zillow last checked:

    Listing updated:

    Listed by:

    Allie Ballew 301-676-2844,

    Samson Properties

    Bought with:

    Yury Garamyan, 659250

    Jason Mitchell Group

    Carlos Espinoza, 602052

    Jason Mitchell Group

    Source: Bright MLS,MLS#: MDMC2108396MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    • Main level bathrooms: 1
    Basement
    • Area: 640
    Heating
    • Heat Pump, Electric
    Cooling
    • Ceiling Fan(s), Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    • Laundry: In Basement, Dryer In Unit, Washer In Unit
    Features
    • Attic, Bar, Ceiling Fan(s), Combination Dining/Living, Dining Area, Floor Plan - Traditional, Pantry, Primary Bath(s)
    • Flooring: Carpet, Ceramic Tile, Laminate
    • Windows: Window Treatments
    • Basement: Connecting Stairway,Full,Finished,Heated,Improved,Interior Entry,Exterior Entry,Rear Entrance,Shelving,Space For Rooms,Sump Pump,Walk-Out Access,Windows,Workshop
    • Number of fireplaces: 1
    • Fireplace features: Equipment
    Interior area
    • Total structure area: 1,960
    • Total interior livable area: 1,620 sqft
    • Finished area above ground: 1,320
    • Finished area below ground: 300

    Property

    Parking
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Sidewalks, Tennis Court(s)
    • Pool features: Community
    • Fencing: Back Yard,Privacy
    Lot
    • Size: 2,180 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 160902434848
    • Zoning: R20
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Colonial
    • Property subtype: Townhouse
    Materials
    • Vinyl Siding
    • Foundation: Block
    • Roof: Architectural Shingle
    Condition
    • Very Good
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Park Summit Codm
    HOA
    • Has HOA: Yes
    • Amenities included: Common Grounds, Pool, Tennis Court(s), Tot Lots/Playground
    • Services included: Management, Pool(s), Snow Removal, Trash
    • HOA fee: $101 monthly
    Location
    • Region: Gaithersburg
    • Municipality: City of Gaithersburg

    Financial & listing details

    • Price per square foot: $299/sqft
    • Tax assessed value: $323,900
    • Annual tax amount: $4,239
    • Date on market: 9/30/2023
    • Listing agreement: Exclusive Right To Sell
    • Inclusions: See Addendum
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    10/31/2023Sold$485,000+1.7%$299/sqft
    Source: Bright MLS #MDMC2108396 Report a problem
    10/5/2023Contingent$476,990$294/sqft
    Source: Bright MLS #MDMC2108396 Report a problem
    9/30/2023Listed for sale$476,990+245.6%$294/sqft
    Source: Bright MLS #MDMC2108396 Report a problem
    1/27/1998Sold$138,000$85/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,553 -0.7%$380,500 +8%
    2024$4,584 +9.2%$352,200 +8.7%
    2023$4,196 +4.9%$323,900 +2%
    2022$4,000 +1.6%$317,533 +2%
    2021$3,938 +2.4%$311,167 +2.1%
    2020$3,845 +0.7%$304,800
    2019$3,818 -0.6%$304,800 +1%
    2018$3,839 -2.4%$301,667 +0.5%
    2017$3,932 +28.4%$300,100 +6.2%
    2016$3,061 $282,600 +6.6%
    2015$3,061 $265,100 +7.1%
    2014$3,061 $247,600
    2013-- $247,600
    2012-- $247,600 -14.5%
    2011-- $289,430
    2010-- $289,430
    2009-- $289,430 -16.5%
    2008-- $346,630 +17.9%
    2007-- $294,092 +21.7%
    2006-- $241,556 +27.8%
    2005-- $189,020 +10.9%
    2004-- $170,492
    2003-- $170,492 +27.8%
    2002-- $133,440
    2001-- $133,440
    Find assessor info on the county website

    Neighborhood: 20878

    Nearby schools

    GreatSchools rating
    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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    Estimated market value
    $507,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $507,400