540 Palmtree Drive
Gaithersburg, MD, 20878 $ 400,000
Bedrooms3 Baths2.1 Sq 1,582 Monthly Estimate*
$ 2,763
for $400,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,582 square foot townhouse was built in 1986 on a lot size of 0.03.
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 courtyardperfect 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 suitea 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.
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FeaturesGeneralLiving Area 1582
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning R20
HOA Fee 110.00
Architectural Style Colonial
Construction Materials Vinyl Siding
School District MONTGOMERY COUNTY PUBLIC SCHOOLS
Year Built 1986
Levels 3
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality Gaithersburg
Accessibility None
Assoc Fee Paid Per Monthly
County MONTGOMERY
New Construction N
Property Type Residential
HOA Y
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 UNDER CONTRACT
Directions GPS
City GAITHERSBURG
Senior Community Y/N N
Lot Size Units Square Feet
Lot Size Square Feet 1200.00
Tax Annual Amount 4493.0
Structure Type Interior Row/Townhouse
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 0
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 252.84
Vacation Rental Y/N N
Standard Status Active Under Contract
Year Built Source Estimated
Legal Subdivision PARK SUMMIT
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InteriorHeating Fuel Electric
Basement Fully Finished
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Above Grade Finished Area 1582
Half Baths 1
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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ExteriorPool No Pool
Water Source Public
Type of Parking Off Street On Street Parking Lot
Foundation Details Permanent
Water View Y/N N
Lot Size Acres 0.03
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Bypeter@librarealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,763
- Monthly Property Taxes
- $374
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyTownhouse listings in Gaithersburg, MD
Average List Price $561,119
Percent of Sale Price 40%
About Gaithersburg, MD 70,159 Population
29% Since 2002
$ 84,563 Median Income
37.89 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533413 Elementary School
3533471 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $400,000 | -6.54% | Price Down |
| 7/17/2026 | $428,000 | | Listed Price |