Seller's Agent in 2023
Koki Adasi
Compass
(240) 994-3941
1 in this area
292 Total Sales
16 Park Ave Gaithersburg, MD 20877
Estimated Value: $577,000 - $674,000
3
Beds
2.5
Baths
2,000
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- 0.27 Acre Lot
- Deck
- Balcony
- Craftsman Architecture
- No HOA
- 1-minute walk to Constitution Gardens Park
About This Home
As of December 2023Welcome home to this absolutely beautiful restored home in the heart of Gaithersburg! This charming Victorian era home has tons of character, a relaxing front porch, an amazing backyard and is walkable to the restaurants, shops, parks, and so much more of Old Towne Gaithersburg. Located in the Central Business District allows the owner the opportunity to use it residentially or commercially.
The main level features gleaming hardwood floors, high ceilings, and a stunning gourmet kitchen that was completely renovated in 2021 with new shaker cabinetry, high-end stainless steel appliances, quartz countertops and a subway tile backsplash. Other features of this level include a wood burning stove, powder room, and a laundry room with a pantry. The 2nd level includes 3 bedrooms and 2 updated bathrooms including a spacious primary ensuite, and a large deck/balcony. As a bonus, there is a finished attic perfect for storage or a bonus room. The large backyard is fully fenced and features a deck off of the kitchen and an attached garage. All of this just minutes to MARC, the metro, 270, and everything Historic Downtown Gaithersburg has to offer!
Last Agent to Sell the Property
(240) 994-3941 koki@kokiisthekey.com Compass License #612346 Listed on: 09/28/2023
Last Buyer's Agent
(703) 507-3056 baynecindy@yahoo.com Berkshire Hathaway HomeServices PenFed Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,705
Year Built
- Built in 1899
Lot Details
- 0.27 Acre Lot
- Property is in very good condition
- Property is zoned CBD
Parking
- 1 Car Attached Garage
- Parking Storage or Cabinetry
- Side Facing Garage
- Garage Door Opener
Home Design
- Craftsman Architecture
- Block Foundation
- Frame Construction
Interior Spaces
- Property has 3 Levels
- Wood Burning Fireplace
- Unfinished Basement
- Dirt Floor
- Laundry on main level
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Balcony
- Deck
- Patio
Utilities
- Central Air
- Radiator
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot P5
- Assessor Parcel Number 160900844118
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2023
Closed on
Dec 4, 2023
Sold by
Barrett Matthew T and Barrett Amelia S
Bought by
Linn Nicholas and Linn Emily
Seller's Agent
Koki Adasi
Compass
Buyer's Agent
Cindy Bayne
Berkshire Hathaway HomeServices PenFed Realty
List Price
$599,000
Sold Price
$555,000
Premium/Discount to List
-$44,000
-7.35%
Views
273
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,411
Avg. Annual Appreciation
4.59%
Original Mortgage
$527,250
Outstanding Balance
$518,925
Interest Rate
7.76%
Mortgage Type
Construction
Estimated Equity
$91,486
Purchase Details
Listed on
Feb 17, 2016
Closed on
May 31, 2016
Sold by
Kelly Clare Lise
Bought by
Barrett Matthew T and Barrett Amelia S
Seller's Agent
Timothy Horst
Long & Foster Real Estate, Inc.
Buyer's Agent
Kevin Conley
RE/MAX Realty Group
List Price
$439,900
Sold Price
$418,000
Premium/Discount to List
-$21,900
-4.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$405,460
Interest Rate
3.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 9, 2006
Sold by
Clark Geoffrey and Clark S H
Bought by
Kelly Clare L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 23, 2006
Sold by
Clark Geoffrey and Clark S H
Bought by
Kelly Clare L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 13, 1998
Sold by
Wilson Robert J and Wilson G
Bought by
S Geoffrey and S Clark H
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Linn Nicholas | $555,000 | Westcor Land Title Insurance C | |
| Linn Nicholas | $555,000 | Westcor Land Title Insurance C | |
| Barrett Matthew T | $418,000 | Rgs Title Llc | |
| Kelly Clare L | $525,000 | -- | |
| Kelly Clare L | $525,000 | -- | |
| S Geoffrey | $195,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Linn Nicholas | $527,250 | |
| Closed | Linn Nicholas | $527,250 | |
| Previous Owner | Barrett Matthew T | $405,460 | |
| Previous Owner | Kelly Clare L | $250,000 | |
| Previous Owner | Kelly Clare L | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2023 12/11/23 | Sold | $555,000 | -3.5% | $278 / Sq Ft | |
| 11/02/2023 11/02/23 | Price Changed | $575,000 | -4.0% | $288 / Sq Ft | |
| 09/28/2023 09/28/23 | For Sale | $599,000 | +43.3% | $300 / Sq Ft | |
| 05/31/2016 05/31/16 | Sold | $418,000 | -0.5% | $209 / Sq Ft | View Prior Sale |
| 04/28/2016 04/28/16 | Pending | -- | -- | -- | |
| 04/22/2016 04/22/16 | Price Changed | $419,900 | -4.5% | $210 / Sq Ft | |
| 04/04/2016 04/04/16 | For Sale | $439,900 | 0.0% | $220 / Sq Ft | |
| 03/29/2016 03/29/16 | Pending | -- | -- | -- | |
| 03/17/2016 03/17/16 | Price Changed | $439,900 | -12.0% | $220 / Sq Ft | |
| 02/17/2016 02/17/16 | For Sale | $499,900 | -- | $250 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,540 | $512,033 | -- | -- |
| 2024 | $6,540 | $479,367 | $0 | $0 |
| 2023 | $5,385 | $446,700 | $159,300 | $287,400 |
| 2022 | $5,013 | $428,800 | $0 | $0 |
| 2021 | $4,556 | $410,900 | $0 | $0 |
| 2020 | $4,556 | $393,000 | $159,300 | $233,700 |
| 2019 | $4,209 | $366,867 | $0 | $0 |
| 2018 | $3,880 | $340,733 | $0 | $0 |
| 2017 | $3,592 | $314,600 | $0 | $0 |
| 2016 | -- | $310,633 | $0 | $0 |
| 2015 | $4,464 | $306,667 | $0 | $0 |
| 2014 | $4,464 | $302,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Koki Adasi
-
Melissa Lango
Seller Co-Listing Agent in 2023
Melissa Lango
Compass
(610) 554-9689
1 in this area
193 Total Sales
-
Cindy Bayne
Buyer's Agent in 2023
Cindy Bayne
BHHS PenFed (actual)
(703) 507-3056
1 in this area
68 Total Sales
-
Timothy Horst
Seller's Agent in 2016
Timothy Horst
Long & Foster
(301) 370-3864
131 Total Sales
-
Kevin Conley
Buyer's Agent in 2016
Kevin Conley
Remax Realty Group
(240) 429-7513
19 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2100772
APN: 09-00844118
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