NOT LISTED FOR SALE

434 E Diamond Ave Gaithersburg, MD 20877

Estimated Value: $483,640

Studio
-- Bath
1,300 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $385,000 $296 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,975/month

34 Days on Market

Highlights

  • 0.18 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Cape Cod Architecture
  • Ramp on the main level

About This Home

As of December 2020

This property is ZONED CBD Commercial Business District. It can have a residential use within that zoning. Would set up nicely as a Two unit Apartment with separate entrances and Kitchens in place. Was former home of Own Our Own of Montgomery County which is relocating, Property sold As Is but is in clean condition. As Is Addendum uploaded. Commercial Property Disclaimer is uploaded.

Last Agent to Sell the Property

Larry Galey

(240) 277-1565 larrygaley@remax.net RE/MAX Realty Centre, Inc. License #5299 Listed on: 09/12/2020

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Paul Biciocchi

(301) 518-6999 paulbiciocchiforum@gmail.com Forum Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $511

Year Built

  • Built in 1923

Lot Details

  • 7,773 Sq Ft Lot
  • Property is in average condition

Home Design

  • 1,300 Sq Ft Home
  • Cape Cod Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Driveway Spaces
  • Parking Lot

Accessible Home Design

  • Ramp on the main level

Schools

  • Gaithersburg High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 160903432732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$511

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All Installed Appliances and Mechanical equipment
  • New Construction: No
  • Year Built: 1923
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Total Sq Ft: 1300
  • Living Area Sq Ft: 1300
  • Price Per Sq Ft: 361.46
  • Above Grade Finished Sq Ft: 1300
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Brick
  • Roof: Unknown, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 4
  • Parking Lot Number Of Spaces: 4

Utilities

  • Refuse: 128.54
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: GAITHERSBURG

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 66600.00
  • Land Assessed Value: 90000.00
  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7773.00
  • Property Condition: Average
  • Zoning: CBD
  • Zoning Description: Commercial Business District. Number of uses including Residential Multi Family. Zoning and Use can be verified during Study P
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14092654
  • Tax Annual Amount: 511.00
  • Assessor Parcel Number: 160903432732
  • Tax Lot: 101
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2020
Closed on
Dec 2, 2020
Sold by
On Our Own Of Montgomery County Inc
Bought by
Verpa Llc
Seller's Agent
Larry Galey
RE/MAX Realty Centre, Inc.
Buyer's Agent
Paul Biciocchi
Forum Properties, Inc.
List Price
$469,900
Sold Price
$385,000
Premium/Discount to List
-$84,900
-18.07%
Current Estimated Value
$483,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,640
Avg. Annual Appreciation
4.53%
Original Mortgage
$308,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 10, 2004
Sold by
Carrier David J
Bought by
On Our Own Of Montg Co Inc

Purchase Details

Closed on
Apr 15, 1999
Sold by
S John P and S Carrier G
Bought by
Carrier David J

Purchase Details

Closed on
Jul 31, 1998
Sold by
S John P and S Carrier G
Bought by
John P Carrier
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Verpa Llc $385,000 Capitol Title Group
On Our Own Of Montg Co Inc $130,611 --
Carrier David J -- --
John P Carrier -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Verpa Llc $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2020 12/02/20 Sold $385,000 -18.1% $296 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
09/12/2020 09/12/20 For Sale $469,900 -- $361 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $5,562 $392,300 -- --
2024 $5,562 $380,800 $0 $0
2023 $5,293 $369,300 $202,700 $166,600
2022 $5,043 $359,433 $0 $0
2021 $2 $349,567 $0 $0
2020 $544 $156,600 $90,000 $66,600
2019 $511 $155,300 $0 $0
2018 $471 $154,000 $0 $0
2017 $403 $152,700 $0 $0
2016 $372 $146,833 $0 $0
2015 $372 $140,967 $0 $0
2014 $372 $135,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Galey

    Seller's Agent in 2020

    Larry Galey

    RE/MAX

    (240) 277-1565

    13 Total Sales

    Larry Galey
    Section Image
  • Paul Biciocchi

    Buyer's Agent in 2020

    Paul Biciocchi

    Forum Properties, Inc.

    (301) 518-6999

    3 in this area

    86 Total Sales

    Paul Biciocchi
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC725488

Bright MLS

APN: 09-03432732

Maryland Montgomery County Gaithersburg 20877

434 E Diamond Ave, Gaithersburg, MD

Not Listed for Sale

MultiFamily

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