NOT LISTED FOR SALE

8 Russell Ave Unit 202 Gaithersburg, MD 20877

Estimated Value: $257,000 - $321,000

2 Beds
2 Baths
1,071 Sq Ft
$273/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $287,500 $268 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,231/month

About This Home

As of October 2023

This one-of-a-kind CONDO boasts a stunning 2 BEDROOM, 2 BATHROOM OPEN CONCEPT in MINT CONDITION and has EVERYTHING an owner needs, including 2 FRENCH DOORS that open up to a 1,365+/- sqft TERRACE offering OUTDOOR LIVING that is the new owner’s PRIVATE OASIS for your EXCLUSIVE USE only. Sit under your PRIVATE GAZEBO or dine alfresco and enjoy the beauty and quiet that this home offers. The CONDO BUILDING is SECURE requiring an OWNER Key/FOB to provide access. PARKING is OPEN and there are PLENTY OF SPACES, including a SECURE UNDERGROUND PARKING AREA, ideal for those snowy days. This home showcases a FULLY RENOVATED CHEF'S KITCHEN and REMODLELED BATHROOMS, has been FULLY PAINTED, has all newer ENERGY EFFICIENT WINDOWS and SLIDING GLASS DOOR (2018 - WARRANTY TRANSFERS to new owner), NEW LIGHT FIXTURES, NEW MODERN DOOR HANDLES, you’ll enjoy a spacious OPEN CONCEPT LIVING AREA with LARGE LIVING ROOM and DINING ROOM. The LIVING ROOM opens to a BONUS/SUNROOM AREA with BIG WINDOWS overlooking the LARGE OWNER'S ONLY TERRACE. The WIDE HALLWAY leads to the PRIMARY BEDROOM with a PRIVATE PRIMARY BATH and WALK-IN CLOSET. The SECOND BEDROOM has a SLIDING GLASS DOOR that opens to the TERRACE and would make a great BEDROOM or OFFICE. The SECOND BATHROOM with SHOWER and WASHER/DRYER is accessible off the hallway next to the SECOND BEDROOM. The COMMUNITY has a PARTY ROOM, GYM, LOUNGE, and PRIVATE OWNER STORAGE. The HOA covers WATER, SNOW REMOVAL, and MAINTENANCE of all COMMON AREAS. WALK to the MARC TRAIN or BARS and RESTAURANTS, with a SHORT DRIVE to the METRO and 270. You have to see this CONDO to believe it!! There's not another one like it anywhere! Bring all offers ASAP! This one seriously won’t last!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Oct 10, 2023
Sold by
Donnelly Kathleen
Bought by
Gabrielyan Georgi and Voskanyan Mane
Seller's Agent
Vaughn Hunter
RE/MAX Realty Group
Buyer's Agent
Stella Kocharyan
Real Broker, LLC
List Price
$274,444
Sold Price
$287,500
Premium/Discount to List
$13,056
4.76%
Views
111
Current Estimated Value
$292,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,207
Avg. Annual Appreciation
0.92%
Original Mortgage
$220,000
Outstanding Balance
$215,723
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$76,984

Purchase Details

Closed on
Oct 30, 2001
Sold by
Esworthy James C
Bought by
Donnelly Kathleen

Purchase Details

Closed on
Jun 11, 2001
Sold by
Arbutina Millard
Bought by
Esworthy James C

Purchase Details

Closed on
Mar 30, 1998
Sold by
Arbutina Millard
Bought by
Arbutina Millard and Valcourt Lynne M

Purchase Details

Closed on
Jan 21, 1998
Sold by
Cargill Alice C
Bought by
Arbutina Millard

Purchase Details

Closed on
Sep 14, 1995
Sold by
Crawford Stephanie
Bought by
Cargill Alice C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
7.81%
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Gabrielyan Georgi $287,500 First American Title
Gabrielyan Georgi $287,500 First American Title
Donnelly Kathleen $107,000 --
Esworthy James C $102,000 --
Arbutina Millard -- --
Arbutina Millard $75,000 --
Cargill Alice C $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabrielyan Georgi $220,000
Closed Gabrielyan Georgi $220,000
Previous Owner Donnelly Kathleen $30,493
Previous Owner Cargill Alice C $67,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $287,500 +4.8% $268 / Sq Ft
09/19/2023 09/19/23 For Sale $274,444 -- $256 / Sq Ft

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 $2,350 $216,667 -- --
2024 $2,350 $173,333 $0 $0
2023 $1,085 $130,000 $39,000 $91,000
2022 $1,596 $126,667 $0 $0
2021 $1,957 $123,333 $0 $0
2020 $1,826 $120,000 $36,000 $84,000
2019 $918 $120,000 $36,000 $84,000
2018 $919 $120,000 $36,000 $84,000
2017 $958 $120,000 $0 $0
2016 -- $120,000 $0 $0
2015 $1,106 $120,000 $0 $0
2014 $1,106 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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