301 Central Ave Gaithersburg, MD 20877
Estimated payment $5,788/month
Highlights
- 0.99 Acre Lot
- 4-minute walk to Washington Grove
- 2 Fireplaces
- Main Floor Bedroom
- Farmhouse Style Home
- Combination Dining and Living Room
About This Home
Welcome to 301 Central Ave. A rare gem offering incredible versatility in a prime Gaithersburg location near Washington Grove and the MARC train, with Shady Grove Metro just a short drive away. This unique property sits on a picturesque, 1-acre lot and presents endless possibilities: transform it into a grand single-family residence or keep it as an approved 4 unit multifamily building. The main level is the primary residence, featuring expansive living areas, two updated full baths, 2-3 bedrooms, a large enclosed wraparound porch, one full kitchen and one bar with the potential of the bar being converted to a second kitchen. Upstairs, you'll find three fully equipped 1-bedroom, 1-bath apartments, two of which are currently being leased until June 2024. The property boasts a newly paved entrance with parking for 10+ vehicles and stunning park-like grounds perfect for outdoor enjoyment. Whether you're envisioning a spacious single-family home with 5-6 bedrooms and 5 baths, a lucrative multifamily investment, or a combination of both, this property is brimming with potential. Schedule your private tour today! Advance notice required—contact the listing agent for details.
Listing Agent
Charles Gilroy
Redfin Corp Listed on: 05/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,327
Year Built
- Built in 1920
Lot Details
- 0.99 Acre Lot
- Property is in good condition
Home Design
- Farmhouse Style Home
- Permanent Foundation
- Frame Construction
Interior Spaces
- Main Floor Bedroom
- 2 Fireplaces
- Combination Dining and Living Room
Kitchen
- Stove
- <<microwave>>
- Dishwasher
- Disposal
Laundry
- Dryer
- Washer
Parking
- 10 Parking Spaces
- 10 Driveway Spaces
Utilities
- Heat Pump System
- Well
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 160902369326
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $6,327 | $422,167 | $0 | $0 |
| 2023 | $5,814 | $381,600 | $196,500 | $185,100 |
| 2022 | $5,463 | $368,833 | $0 | $0 |
| 2021 | $4,625 | $356,067 | $0 | $0 |
| 2020 | $3,701 | $343,300 | $196,500 | $146,800 |
| 2019 | $7,359 | $343,300 | $196,500 | $146,800 |
| 2018 | $3,678 | $343,300 | $196,500 | $146,800 |
| 2017 | $4,497 | $343,300 | $0 | $0 |
| 2016 | -- | $343,133 | $0 | $0 |
| 2015 | $5,019 | $342,967 | $0 | $0 |
| 2014 | $5,019 | $342,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $899,900 | 0.0% | $239 / Sq Ft |
| 07/16/2025 07/16/25 | For Sale | $899,900 | -10.0% | $239 / Sq Ft |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | For Sale | $1,000,000 | +5.3% | $265 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $949,900 | -- | $252 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | $300,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $240,000 | New Conventional |
Source: Bright MLS
MLS Number: MDMC2180554
APN: 09-02369326
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