NOT LISTED FOR SALE

8 Russell Ave Unit 311 Gaithersburg, MD 20877

Estimated Value: $249,553 - $290,000

2 Beds
2 Baths
1,440 Sq Ft
44 Sq Ft Lot

Last Sold August 27, 2021

Last sale price $230,000 $160 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,636/month

Highlights

  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • 4-minute walk to Constitution Gardens Park

About This Home

As of November 2021

This sun filled spacious two bedroom and two full bath condo in Old Town Gaithersburg offers the best in one-level living, Located moments from the Gaithersburg MARC Station, also near the future site of the new biotech corridor. The building is secured with exterior locking doors and has elevators. The unit itself has a large foyer that leads to a large living/family room that opens to the dining room and kitchen. This unit has a den/office that opens to the living room and would also be a great relaxation space. Enjoy the full length trec balcony which is the largest in the building. The unit has a laundry room with stacked washer/dryer and ample space for additional shelving. The primary bedroom is spacious and has a walk-in closet with built-ins and an attached full bath. There is an additional bedroom and hall bath. The building offers a lounge on the second floor and an exercise room on the fourth floor. Easy access to the best of Old Town Gaithersburg, shops, restaurants, MARC train, Constitution Gardens, Bohrer Park, Rock Creek Regional Park, Griffith Park, and 355, 27, I-270.

Last Agent to Rent the Property

Fahima Jewayni

(240) 888-9525 fahima.jewayni@gmail.com Samson Properties License #0225182623 Listed on: 10/05/2021

Samson Properties

Co-Listed By

Steven Moretti

(240) 375-1763 Steven@StevenMoretti.com Samson Properties License #BR715644

Last Renter's Agent

Richard Dompka

(301) 254-8080 rick.dompka@lnf.com Long & Foster Real Estate, Inc. License #27102

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,159

Year Built

  • Built in 1988

Lot Details

  • 44

Parking

  • 2 Off-Site Spaces

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,440 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,800
  • Tenant pays for heat, insurance, light bulbs/filters/fuses/alarm care, minor interior maintenance, frozen waterpipe damage, electricity
  • No Smoking Allowed
  • 12-Month Min and 48-Month Max Lease Term
  • Available 10/5/21
  • Assessor Parcel Number 160902889527

Community Details

Overview

  • Low-Rise Condominium
  • No. 8 Russell Av Community

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,159

Year Built

Built in 1988

Lot Details

0

Rental Info

  • Date Available: 2021-10-05
  • Pets Allowed: No
  • Security Deposit: 1800.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Heat, Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Minor Interior Maintenance, Frozen Waterpipe Damage, Electricity
  • Vacation Rental: No
  • Max Lease in Months: 48
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • New Construction: No
  • Story List: Main
  • Year Built: 1988
  • Automatically Close On Close Date: Yes
  • Remarks Public: This sun filled spacious two bedroom and two full bath condo in Old Town Gaithersburg offers the best in one-level living, Located moments from the Gaithersburg MARC Station, also near the future site of the new biotech corridor. The building is secured with exterior locking doors and has elevators. The unit itself has a large foyer that leads to a large living/family room that opens to the dining room and kitchen. This unit has a den/office that opens to the living room and would also be a great relaxation space. Enjoy the full length trec balcony which is the largest in the building. The unit has a laundry room with stacked washer/dryer and ample space for additional shelving. The primary bedroom is spacious and has a walk-in closet with built-ins and an attached full bath. There is an additional bedroom and hall bath. The building offers a lounge on the second floor and an exercise room on the fourth floor. Easy access to the best of Old Town Gaithersburg, shops, restaurants, MARC train, Constitution Gardens, Bohrer Park, Rock Creek Regional Park, Griffith Park, and 355, 27, I-270.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 1.25
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: 2
  • Type Of Parking: Off Site
  • Off Site Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: 011
  • Zoning: CBD

Tax Info

  • Assessor Parcel Number: 13975056
  • Assessor Parcel Number: 160902889527
  • Tax Total Finished Sq Ft: 1440
  • Tax Data Updated: Yes
  • Close Date: 11/01/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Aug 27, 2021
Sold by
Dua Surinder
Bought by
Tondorf Properties Llc
Seller's Agent
Mandy Kaur
Redfin Corp
Buyer's Agent
Paulette Ladas
RLAH @properties
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$274,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,638
Avg. Annual Appreciation
4.38%

Purchase Details

Closed on
Jun 29, 2018
Sold by
Moonga Baljit Singh and Moonga Satwinder Kaur
Bought by
Dua Surinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 11, 2014
Closed on
Mar 12, 2015
Sold by
Gimmel Gerald K
Bought by
Moonga Baljit Singh and Moonga Satwinder Kaur
Seller's Agent
Jacque Greening
Keller Williams Capital Properties
Buyer's Agent
Jacque Greening
Keller Williams Capital Properties
List Price
$159,000
Sold Price
$135,000
Premium/Discount to List
-$24,000
-15.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Nov 30, 2004
Sold by
Nichols Alan W
Bought by
Fogwell Seymour F and Fogwell Esther M

Purchase Details

Closed on
Jan 3, 2002
Sold by
Osborne Jacquelin S
Bought by
Nichols Alan W
Source: Public Records

Range of Values:

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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
Tondorf Properties Llc $230,000 Fee Simple T&E Llc
Dua Surinder $165,000 None Available
Moonga Baljit Singh $135,000 None Available
Fogwell Seymour F $205,000 --
Nichols Alan W $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dua Surinder $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2021 11/01/21 Rented $1,795 0.0% --
10/12/2021 10/12/21 Under Contract -- -- --
10/05/2021 10/05/21 For Rent $1,795 0.0% --
08/27/2021 08/27/21 Sold $230,000 0.0% $160 / Sq Ft View Prior Sale
08/13/2021 08/13/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $230,000 +70.4% $160 / Sq Ft
03/13/2015 03/13/15 Sold $135,000 -15.1% $94 / Sq Ft View Prior Sale
02/11/2015 02/11/15 Pending -- -- --
09/11/2014 09/11/14 For Sale $159,000 -- $110 / 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 $2,159 $173,333 -- --
2024 $2,159 $156,667 $0 $0
2023 $1,932 $140,000 $42,000 $98,000
2022 $1,882 $140,000 $42,000 $98,000
2021 $1,197 $140,000 $42,000 $98,000
2020 $2,382 $140,000 $42,000 $98,000
2019 $1,196 $140,000 $42,000 $98,000
2018 $1,889 $140,000 $42,000 $98,000
2017 $1,913 $140,000 $0 $0
2016 $1,480 $140,000 $0 $0
2015 $1,480 $140,000 $0 $0
2014 $1,480 $200,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2000095

Bright MLS

APN: 09-02889527