501 Palmtree Dr, Unit 3

$274,000
Price
2
Beds
964 Sq. Ft.
$284 / Sq. Ft.
964
Sq. Ft.
$284
per Sq. Ft.

Description

This beautifully updated 2-bedroom, 2-bath condo in the Park Summit community offers modern comfort and unbeatable convenience in the heart of Gaithersburg. The home features wide-plank flooring throughout, abundant natural light from oversized windows, and a spacious open layout ideal for both everyday living and entertaining. The renovated kitchen includes quartz countertops, stainless steel LG appliances, a designer tile backsplash, and a breakfast bar with seating. Both bathrooms have been tastefully...This beautifully updated 2-bedroom, 2-bath condo in the Park Summit community offers modern comfort and unbeatable convenience in the heart of Gaithersburg. The home features wide-plank flooring throughout, abundant natural light from oversized windows, and a spacious open layout ideal for both everyday living and entertaining. The renovated kitchen includes quartz countertops, stainless steel LG appliances, a designer tile backsplash, and a breakfast bar with seating. Both bathrooms have been tastefully upgraded with modern fixtures and finishes. The primary suite features a large walk-in closet and en-suite bath, while the second bedroom is perfect for guests or a home office. Full-size in-unit laundry adds extra convenience. Just minutes from RIO and Downtown Crown, you’ll have easy access to some of Montgomery County’s best shopping, dining, and entertainment. Zoned for Fields Road ES, Ridgeview MS, and Quince Orchard HS, this location is also ideal for commuters with quick access to I-270, I-370, the ICC (MD-200), and Shady Grove Metro. Ample community parking is available just outside the building, and residents enjoy access to fantastic amenities including a swimming pool, tennis courts, tot lots, and scenic walking trails.
  1. Listed by Tohmai Smith • RLAH @properties
    P: (202)-638-9497 tohmai.smith@rlahre.com

Property Details for 501 Palmtree Drive, Unit 3

Tax ID Number
160902759578
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
1
Structure Type
Unit/Flat/Apartment
Style
Unit/Flat
Levels/Stories
1
LISTING UPDATED: 10/28/2025 04:57 PM

Property Details for 501 Palmtree Drive, Unit 3

StatusActive
MLS #MDMC2194338
Days on Market106
Taxes$2,597 / year
HOA Fees-
Condo/Co-op Fees$455 / month
Compass TypeCondo
MLS TypeResidential / Condo
Year Built1987
CountyMontgomery County

Location

Listing Courtesy of RLAH @properties
Add your commute

Building Information for 501 Palmtree Drive, Unit 3

Building/Complex501 Palmtree DrFloor-Stories-Residences-Pet Policy-Pet Policy DetailsNo PetsYear Built1987

Payment Calculator

$2,025 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,354

Property Taxes

$216

HOA Dues

$455

The Payment Calculator is for illustrative purposes only.

Property Information for 501 Palmtree Drive, Unit 3

Location
Location
  • In City Limits: No
  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138126809
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • HOA Condo Coop Fee Includes: Common Area Maintenance, Reserve Funds, Sewer, Snow Removal, Water, Management, Lawn Maintenance, Ext Bldg Maint
  • HOA Condo Coop Amenities: Swimming Pool, Recreational Center, Tot Lots/Playground, Tennis Courts
  • Senior Community: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $205,000
  • Year Assessed: 2025
  • County Tax: $2,027
  • Improvement Assessed Value: $150,500
  • City Town Tax: $510
  • Land Assessed Value: $64,500
  • Clean Green Assessed: No
  • Front Foot Fee: $0
  • Front Foot Fee Payment Frequency: Annually
  • Land Use Code: U
  • Refuse Fee: $17
  • Zoning: R20
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Pets Allowed: No
Rooms
Main
  • # Bedrooms Count Main Level: 2
  • # Bathrooms Count Main Level: 2
  • # Bathrooms Full Main Level: 2
  • # Bathrooms Half Main Level: 0
Rooms
  • Stories: Main
Building Info
Building Info
  • Total Finished SQFT: 964.00
  • Total Finished SQFT Source: Assessor
Lot / Land Information
Lot / Land Information
  • Parcel ID: 13972226
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: Yes - Community
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS

Property History for 501 Palmtree Drive, Unit 3

DateEvent & SourcePriceAppreciation
Oct 28, 2025

Price Change

BRIGHT #MDMC2194338

$274,000
Oct 28, 2025

Listed (Active)

BRIGHT #MDMC2194338

Oct 8, 2025

Price Change

BRIGHT #MDMC2194338

$269,000
Oct 8, 2025

Active Under Contract

BRIGHT #MDMC2194338

Oct 1, 2025

Price Change

BRIGHT #MDMC2194338

$264,900
Aug 11, 2025

Listed (Active)

BRIGHT #MDMC2194338

$269,900
Jun 17, 2025

Withdrawn

BRIGHT #MDMC2167872

Jun 2, 2025

Price Change

BRIGHT #MDMC2167872

$274,900
Apr 22, 2025

Price Change

BRIGHT #MDMC2167872

$284,900
Apr 9, 2025

Listed (Active)

BRIGHT #MDMC2167872

Apr 2, 2025

Temp Off Market

BRIGHT #MDMC2167872

Mar 27, 2025

Active Under Contract

BRIGHT #MDMC2167872

Mar 6, 2025

Listed (Active)

BRIGHT #MDMC2167872

$289,900
Feb 25, 2025

Listed (Active)

BRIGHT #MDMC2167872

$289,900
Jul 21, 2008

Withdrawn

BRIGHT #1008477134

$199,995
Jul 21, 2008

Withdrawn

BRIGHT #1008477134

Apr 13, 2008

Listed (Active)

BRIGHT #1008477134

$209,977
Sep 24, 2001

Closed

BRIGHT #MDMC353510

$79,900
Aug 14, 2001

Pending

BRIGHT #MDMC353510

Jul 26, 2001

Withdrawn

BRIGHT #MDMC568394

$85,000
Jul 26, 2001

Listed (Active)

BRIGHT #MDMC353510

$79,900
Jun 27, 2001

Listed (Active)

BRIGHT #MDMC568394

$79,900
DateEvent & SourcePrice
10/28/2025

Price Change

BRIGHT #MDMC2194338

$274,000
10/28/2025

Listed (Active)

BRIGHT #MDMC2194338

10/08/2025

Price Change

BRIGHT #MDMC2194338

$269,000
10/08/2025

Active Under Contract

BRIGHT #MDMC2194338

10/01/2025

Price Change

BRIGHT #MDMC2194338

$264,900
08/11/2025

Listed (Active)

BRIGHT #MDMC2194338

$269,900
06/17/2025

Withdrawn

BRIGHT #MDMC2167872

06/02/2025

Price Change

BRIGHT #MDMC2167872

$274,900
04/22/2025

Price Change

BRIGHT #MDMC2167872

$284,900
04/09/2025

Listed (Active)

BRIGHT #MDMC2167872

04/02/2025

Temp Off Market

BRIGHT #MDMC2167872

03/27/2025

Active Under Contract

BRIGHT #MDMC2167872

03/06/2025

Listed (Active)

BRIGHT #MDMC2167872

$289,900
02/25/2025

Listed (Active)

BRIGHT #MDMC2167872

$289,900
07/21/2008

Withdrawn

BRIGHT #1008477134

$199,995
07/21/2008

Withdrawn

BRIGHT #1008477134

04/13/2008

Listed (Active)

BRIGHT #1008477134

$209,977
09/24/2001

Closed

BRIGHT #MDMC353510

$79,900
08/14/2001

Pending

BRIGHT #MDMC353510

07/26/2001

Withdrawn

BRIGHT #MDMC568394

$85,000
07/26/2001

Listed (Active)

BRIGHT #MDMC353510

$79,900
06/27/2001

Listed (Active)

BRIGHT #MDMC568394

$79,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Palmtree Drive, Unit 3

Taxable ValueLand-Additions-Total-
Tax Record2025$2,743 ($229 / month)
Home Facts
Beds0Baths2Total Finished SqFt964 SqFtAbove Grade Finished SqFt964 SqFtStories1Lot Size1,677 SqFtStyleCondominiumYear Built1987ZoningR20CountyMONTGOMERYAPN09-02759578Fireplace TypeHas Fireplace

Schools near 501 Palmtree Drive, Unit 3

This home is within Montgomery County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Fields Road Elementary School
PublicPK to 5

Ridgeview Middle School
Public6 to 8

Quince Orchard High School
Public9 to 12

Stephen Knolls School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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501 Palmtree Drive, Unit 3 is a condo for sale in Gaithersburg, MD 20878. This property was listed for sale on August 11, 2025 by RLAH @properties, it's currently listed at $274,000. It has been on the market for a total of 106 days and was last sold on September 24, 2001. This listing's school district is Montgomery County Public Schools. Nearby schools include Fields Road Elementary School, Ridgeview Middle School and Quince Orchard High School. 501 Palmtree Drive, Unit 3 is a 2-bed, 2-bath, 964 sqft condo built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RLAH @properties

© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 10/28/2025 04:57 PM