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Sold for $395,000
  • $395,000

    540 Palmtree Dr, Gaithersburg, MD 20878

    3beds
    1,582sqft
    Townhouse
    Built in 1986
    1,200 Square Feet Lot
    $394,900 Zestimate®
    $250/sqft
    $2,633 Estimated rent

    Home value

    $394,900

    $375,000 - $415,000

    $2,633/mo

    Zestimate® history
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    $2,593/mo

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    What's special

    Huge price reduction! Seller reserves the right to reject any offer. New HVAC system 2026, new roof 2022, two fully renovated bathrooms 2026, stainless steel refrigerator 2023, and new electric range, externally vented range hood, and dryer 2026. Deck board 2024. Welcome to this beautifully maintained townhome filled with abundant natural light and designed for comfortable everyday living. Freshly painted throughout and featuring high-quality luxury LVP flooring across all three levels, this home offers a highly desirable floor plan with thoughtful updates throughout. The renovated kitchen showcases brand-new white shaker cabinetry, elegant quartz countertops, and modern LED lighting. The bright living room opens to a semi fenced front deck courtyard—perfect for morning coffee, outdoor dining, or relaxing in your private oasis. Newly carpeted stairs lead to the second level, featuring two spacious secondary bedrooms, a convenient laundry room, and a beautifully renovated full tub-bath. The entire upper level serves as your private primary suite—a brilliant, light-filled retreat that boasts a large walk-in closet and a newly renovated en-suite bath featuring a beautifully tiled walk-in shower with a frameless glass enclosure. Enjoy community amenities just a short walk away, including a pool, tennis courts, playground, and open green spaces. Abundant parking is available throughout the Park Summit community, with plenty of convenient on- and off-street parking spaces for residents and guests. Ideally situated minutes from I-270, the ICC, and Shady Grove Metro, offering effortless access to premier shopping, dining, and entertainment at RIO and Downtown Crown. Seller intends to complete a 1031 tax-deferred exchange. Buyer agrees to cooperate with the exchange at no cost or liability to the Buyer.

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Yin 240-678-2048,

    Libra Realty, LLC

    Bought with:

    Kelly Zhang, 651248

    Signature Home Realty LLC

    Source: Bright MLS,MLS#: MDMC2244124MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,582
    • Total interior livable area: 1,582 sqft
    • Finished area above ground: 1,582
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Off Street, On Street, Parking Lot
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three
    • Stories: 3
    • Pool features: None
    Lot
    • Size: 1,200 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 160902435375
    • Zoning: R20
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Colonial
    • Property subtype: Townhouse
    Materials
    • Vinyl Siding
    • Foundation: Permanent
    Condition
    • 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
    • HOA fee: $110 monthly
    Location
    • Region: Gaithersburg
    • Municipality: Gaithersburg

    Financial & listing details

    • Price per square foot: $250/sqft
    • Tax assessed value: $278,467
    • Annual tax amount: $4,493
    • Date on market: 7/22/2026
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/6/2026Listing removed$2,550$2/sqft
    Source: Zillow Rentals Report a problem
    10/12/2026Listed for rent$2,550+10.9%$2/sqft
    Source: Zillow Rentals Report a problem
    10/9/2026Sold$395,000-1.3%$250/sqft
    Source: Bright MLS #MDMC2244124 Report a problem
    9/22/2026Contingent$400,000$253/sqft
    Source: Bright MLS #MDMC2244124 Report a problem
    8/26/2026Price change$400,000-6.5%$253/sqft
    Source: Bright MLS #MDMC2244124 Report a problem
    7/22/2026Listed for sale$428,000+103.9%$271/sqft
    Source: Bright MLS #MDMC2244124 Report a problem
    10/8/2022Listed for rent$2,300+4.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    9/27/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    9/12/2021Listed for rent$2,200+25.7%$1/sqft
    Source: Zillow Rental Manager Report a problem
    11/4/2015Listing removed$1,750$1/sqft
    Source: United Realty Inc. #MC8759138 Report a problem
    9/27/2015Listed for rent$1,750$1/sqft
    Source: United Realty Inc. #MC8759138 Report a problem
    7/30/2009Listing removed$209,900$133/sqft
    Source: foreclosure.com Report a problem
    7/6/2009Listed for sale$209,900-40%$133/sqft
    Source: foreclosure.com Report a problem
    8/15/2007Sold$350,000+238.2%$221/sqft
    Source: Public Record Report a problem
    6/19/1996Sold$103,500$65/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$4,646 +3.4%$338,200 +4%
    2025$4,493 +10.6%$325,200 +4.2%
    2024$4,063 +4.8%$312,200 +4.3%
    2023$3,876 +6.6%$299,200 +3.6%
    2022$3,638 +3.2%$288,833 +3.7%
    2021$3,524 +4.2%$278,467 +3.9%
    2020$3,382 +8.7%$268,100
    2019$3,113 -0.6%$268,100 +9%
    2018$3,130 +1.3%$245,967 +4.7%
    2017$3,091 -6%$234,900 +1.8%
    2016$3,288 $230,733 +1.8%
    2015$3,288 $226,567 +1.9%
    2014$3,288 $222,400
    2013-- $222,400
    2012-- $222,400 -11.8%
    2011-- $252,070 -6.3%
    2010-- $269,080
    2009-- $269,080 -10.4%
    2008-- $300,160 +19.2%
    2007-- $251,876 +23.7%
    2006-- $203,593 +31.1%
    2005-- $155,310 +15.1%
    2004-- $134,966
    2003-- $134,966 +43.2%
    2002-- $94,280
    2001-- $94,280
    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

    $394,900

    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

    $394,900