NOT LISTED FOR SALE

7620 Damascus Rd Gaithersburg, MD 20882

Estimated Value: $504,000 - $567,000

3 Beds
2.5 Baths
1,572 Sq Ft
$349/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $430,000 $274 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,311/month

Highlights

  • Rambler Architecture
  • 2 Fireplaces
  • Central Heating
  • Damascus Elementary School Rated A-
  • No HOA

About This Home

As of October 2022

Two Parcels For Sale: Parcel P973 containing 1.17+/- acres and parcel P027 containing 1.24+/- acres. Great opportunity to own land and gain sweat equity in a house. House needs some TLC but could really be great, just needs someone ready to make it their own. Endless possibilities - come on out and make your dreams come true!

Last Agent to Sell the Property

Charles D Jamison

(240) 744-2690 charliejamison@gmail.com Charles H. Jamison, LLC Listed on: 08/10/2022

Last Buyer's Agent

Edis Gaitan

(301) 674-8355 amilcargaitan@gmail.com HomeSmart License #28969

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,515

Year Built

  • Built in 1971

Lot Details

  • 2.41 Acre Lot
  • Property is zoned AR

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • 2 Fireplaces
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Central Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 160100002407

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,515

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Two Parcels For Sale: Parcel P973 containing 1.17+/- acres and parcel P027 containing 1.24+/- acres. Great opportunity to own land and gain sweat equity in a house. House needs some TLC but could really be great, just needs someone ready to make it their own. Endless possibilities - come on out and make your dreams come true!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3144
  • Living Area Sq Ft: 1572
  • Price Per Sq Ft: 286.26
  • Above Grade Finished Sq Ft: 1572
  • Below Grade Sq Ft: 1572
  • Total Below Grade Sq Ft: 1572
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7620

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Well

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 171000.00
  • Land Assessed Value: 196400.00
  • Land Use Code: R
  • Lot Size Acres: 2.41
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 104979.00
  • Year Assessed: 2022
  • Zoning: AR
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13784598
  • Tax Annual Amount: 4515.00
  • Assessor Parcel Number: 160100002407
  • Tax Total Finished Sq Ft: 1572
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/04/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Oct 4, 2022
Sold by
Fowler Robert H
Bought by
Escobar Jose R and Escobar Nery Ester
Seller's Agent
Charles D Jamison
Charles H. Jamison, LLC
Buyer's Agent
Edis Gaitan
HomeSmart
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Views
22
Current Estimated Value
$548,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,106
Avg. Annual Appreciation
8.23%
Original Mortgage
$387,000
Outstanding Balance
$372,016
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$176,090

Purchase Details

Closed on
Dec 2, 2021
Sold by
Shumaker Barbara Foster and Shumaker Barbara J
Bought by
Shumaker Kenneth E

Purchase Details

Closed on
Aug 10, 2021
Sold by
Meier Robert A
Bought by
Fowler Robert H and Shumaker Barbara J

Purchase Details

Closed on
Jun 29, 2004
Sold by
Fowler Robert H
Bought by
Nieves Luis A

Purchase Details

Closed on
Jan 24, 2003
Sold by
Damascus Community Bank
Bought by
Fowler Robert H

Purchase Details

Closed on
Aug 8, 2002
Sold by
Duvall Gordon P and Duvall M
Bought by
Damascus Community Bank
Source: Public Records

Range of Values:

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
Escobar Jose R $430,000 --
Shumaker Kenneth E -- None Available
Fowler Robert H $20,000 None Available
Nieves Luis A $337,500 --
Nieves Luis A $337,500 --
Fowler Robert H $235,000 --
Damascus Community Bank $204,090 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Jose R $387,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2022 10/04/22 Sold $430,000 -4.4% $274 / Sq Ft
08/10/2022 08/10/22 For Sale $450,000 -- $286 / 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 $5,231 $429,600 -- --
2024 $5,231 $398,500 $0 $0
2023 $4,838 $367,400 $196,400 $171,000
2022 $4,608 $364,333 $0 $0
2021 $3,823 $361,267 $0 $0
2020 $7,515 $358,200 $196,400 $161,800
2019 $7,437 $356,267 $0 $0
2018 $3,696 $354,333 $0 $0
2017 $3,613 $352,400 $0 $0
2016 $3,958 $334,733 $0 $0
2015 $3,958 $317,067 $0 $0
2014 $3,958 $299,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charles D Jamison

    Seller's Agent in 2022

    Charles D Jamison

    Charles H. Jamison, LLC

    (240) 744-2690

    83 Total Sales

    Charles D Jamison
    Section Image

  • E

    Buyer's Agent in 2022

    Edis Gaitan

    HomeSmart

    (301) 674-8355

    82 Total Sales

    Edis Gaitan
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2064834

Bright MLS

APN: 01-00002407

Maryland Montgomery County Gaithersburg 20882

7620 Damascus Rd, Gaithersburg, MD

This home is located at 7620 Damascus Rd, Gaithersburg, MD 20882 since 10 August 2022 and is currently estimated at $548,106, approximately $348 per square foot. This property was built in 1971. 7620 Damascus Rd is a home located in Montgomery County with nearby schools including Damascus Elementary School, John T. Baker Middle School, and Damascus High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes