NOT LISTED FOR SALE

105 S Summit Ave Gaithersburg, MD 20877

Estimated Value: $532,000 - $622,000

5 Beds
2 Baths
3,300 Sq Ft
$178/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $550,000 $167 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,518/month

14 Days on Market

Highlights

  • 0.55 Acre Lot
  • 4-minute walk to Gaithersburg
  • Backs to Trees or Woods
  • Colonial Architecture
  • Premium Lot
  • 3-minute walk to Griffith Park

About This Home

As of February 2024

Step into Timeless Elegance in the heart of historic Gaithersburg, this classic American Four-Square, "Summit Manor", built in 1880, invites you to experience the perfect blend of history and modern convenience. Situated on a large, level, corner lot with parking for 7+ cars, this home is a harmonious blend of elegance and convenience. Updated and upgraded, it offers a distinctive and majestic living experience. The main floor features a grand entry hall with winding staircase, a spool and spindle valance, working fireplace, hardwood floors, lofty ceilings, large and elegant Livingroom and dining rooms and a modern kitchen with Granite tops, Cherry Cabinets and stainless-steel appliances. Two thoughtful additions are utilized for the kitchen and a very spacious family room. You’ll also find a full bath and laundry room on this level. Ascend to the second level, where three bedrooms, a full bath, and a den await. The top floor, a finished space, hosts an additional bedroom and living area. The expansive yard, nearly an acre in size, is fenced, level, and beautifully landscaped. A deck off the kitchen, brick patio, detached 2-car garage, large storage shed and a garden oasis compliment the outdoor amenities. Located in the Central Business District with potential to change to CBD zoning, this residence could offer future potential for mixed-use applications. Old Towne Gaithersburg's attractions, including restaurants, shops, the MARC train, parks, churches, and schools, are easily accessible by foot. While the home boasts historic significance, it is not listed on the historic register, allowing for easier modifications. Embrace the allure of the past, revel in the comforts of the present, and chart your future in this captivating and versatile residence!

Last Agent to Sell the Property

Paul Butterfield

(240) 403-0400 paulbutterfield11@gmail.com RE/MAX Realty Services Listed on: 01/17/2024

RE/MAX Realty Services

Last Buyer's Agent

Melinda Butterfield

(240) 403-0400 melindabrealtor@gmail.com RE/MAX Realty Services

RE/MAX Realty Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,663

Year Built

  • Built in 1880

Lot Details

  • 0.55 Acre Lot
  • Planted Vegetation
  • Premium Lot
  • Corner Lot
  • Level Lot
  • Backs to Trees or Woods
  • Property is in very good condition
  • Property is zoned CBD

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Plaster Walls
  • Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Wood Flooring
  • Garden Views
  • Laundry on main level

Bedrooms and Bathrooms

Schools

  • Harriet R. Tubman Elementary School
  • Forest Oak Middle School
  • Gaithersburg High School

Utilities

  • Zoned Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Deer Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160900836654

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,663

Year Built

Built in 1880

Lot Details

0.55 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2024-01-17
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 3750
  • Living Area Sq Ft: 3300
  • Price Per Sq Ft: 189.39
  • Above Grade Finished Sq Ft: 3300
  • Below Grade Sq Ft: 450
  • Total Below Grade Sq Ft: 450
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Metal, Asphalt
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Refuse: 172.63
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: HARRIET R. TUBMAN
  • High School: GAITHERSBURG
  • Middle Or Junior School: FOREST OAK

Lot Info

  • Lot Features: Corner, Backs To Trees, Level, Premium, Vegetation Planting
  • Lot Size Acres: 0.55
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24000.00
  • Property Condition: Very Good
  • Zoning: CBD
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 5663.00
  • Assessor Parcel Number: 160900836654
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Feb 28, 2024
Sold by
Roddy John P and Roddy Gail C
Bought by
Gerges Samy S A
Seller's Agent
Paul Butterfield
RE/MAX Realty Services
Buyer's Agent
Melinda Butterfield
RE/MAX Realty Services
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Views
313
Current Estimated Value
$586,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,817
Avg. Annual Appreciation
3.36%
Original Mortgage
$522,500
Outstanding Balance
$511,698
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$75,119
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gerges Samy S A $550,000 Flynn Title
Gerges Samy S A $550,000 Flynn Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerges Samy S A $522,500
Closed Gerges Samy S A $522,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2024 02/28/24 Sold $550,000 -12.0% $167 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/25/2024 01/25/24 Price Changed $625,000 -3.8% $189 / Sq Ft
01/17/2024 01/17/24 For Sale $650,000 -- $197 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,051 $449,133 -- --
2024 $6,051 $421,967 $0 $0
2023 $4,381 $394,800 $237,400 $157,400
2022 $4,127 $380,433 $0 $0
2021 $3,807 $366,067 $0 $0
2020 $3,807 $351,700 $209,300 $142,400
2019 $3,742 $347,600 $0 $0
2018 $3,670 $343,500 $0 $0
2017 $4,097 $339,400 $0 $0
2016 -- $326,800 $0 $0
2015 $4,598 $314,200 $0 $0
2014 $4,598 $301,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2116830

Bright MLS

APN: 09-00836654

Your Personal Tour Guide

Ask me questions while you tour the home.