501 Palmtree Drive # 3 Gaithersburg, MD $ 274,000
501 Palmtree Drive # 3
$ 274,000
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501 Palmtree Drive # 3

Gaithersburg, MD, 20878
$ 274,000
Bedrooms2 Baths2.0 Sq 964

Monthly Estimate*

$ 1,709

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Condo for sale in Gaithersburg, MD

for $274,000 with 2 bedrooms and 2 full baths. This 964 square foot condo was built in 1987.

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, youll have easy access to some of Montgomery Countys 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.

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Condo Active

Price

$ 274,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 2,597

Style

Unit/Flat

Year Built

1987

Town/City

Gaithersburg

County/Region

Montgomery

MLS | Web ID

MDMC2194338

Features
General
Living Area 964
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Zoning R20
Association Fee Includes Common Area Maintenance Reserve Funds Sewer Snow Removal Water Management Lawn Maintenance Ext Bldg Maint
Architectural Style Unit/Flat
Construction Materials Brick Vinyl Siding
School District MONTGOMERY COUNTY PUBLIC SCHOOLS
Year Built 1987
Levels 1
Unit Number 3
Tax Year 2024
Ownership Condominium
Cool Fuel Natural Gas
Municipality City of Gaithersburg
Building Name PARK SUMMIT CODM
Accessibility None
HOA Fee 2 455.00
County MONTGOMERY
New Construction N
Property Type Residential
Association Amenities Swimming Pool Recreational Center Tot Lots/Playground Tennis Courts
HOA N
Subdivision Name PARK SUMMIT CODM
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions Get on I-270 N from DC (via I-495 or local roads like Connecticut Ave or Georgia Ave). Continue on I-270 N toward Gaithersburg. Take Exit 9A for I-370 E toward Metro Station/Norbeck Rd/MD-200. Tak
City GAITHERSBURG
Senior Community Y/N N
HOA Fee 2 Frequency Monthly
Tax Annual Amount 2597.0
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 284.23
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision PARK SUMMIT CODM
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Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 964
Half Baths 0
Central Air Y/N Y
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 1
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Pool Yes - Community
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Waterfront Y/N N
Land Assessed Value 64500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Rlah @Properties

Broker

tohmai.smith@rlahre.com

Email

Affordability Calculator

$1,926
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,709
Monthly Property Taxes
$216
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533413 Elementary School
3533471 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2025$264,900 -1.85% Price Down
8/7/2025$269,900 Listed Price

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501 Palmtree Drive # 3, Gaithersburg, MD, 20878 is a Condo for sale at $274,000 with 964 sqft. 501 Palmtree Drive # 3 has 2 bedrooms, 2.0 baths, and was built in 1987. The property's zip code is 20878 which is in Gaithersburg, MD