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Backup Offers

8 Russell Ave Unit 201, Gaithersburg, MD, 20877

$255,000

Home List Price

$3,028*

Closing Credit

2 Bedrooms
2 Full Baths
1,151 SqFt
$222/SqFt
Condo

Location

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8 Russell Ave Unit 201, Gaithersburg$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOther, Attached Garage, Parking Lot
Garage1 space
Year Built1988
HeatingCentral
CoolingCentral Air
MLS #MDMC2157260
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 8 Russell Ave Unit 201

Offer Deadline Monday at 3:00pm. Nestled in the heart of the charming Old Town Gaithersburg, this boutique elevator condo offers the perfect blend of modern convenience and classic allure. Step inside and you will find the spacious dine-in kitchen, where gleaming stainless steel appliances and ample counter space create an inviting culinary experience. The open floor plan seamlessly flows from the bright, airy living room into the separate dining area, allowing for easy entertaining and comfortable daily living. Adding to the home's appeal, the dining room and second bedroom both boast access to a private balcony. Retreat to the primary suite, where a luxurious spa-like bathroom awaits, complete with indulgent features to help you unwind after a busy day. Throughout the home, the rich hardwood floors lend a timeless elegance, while the in-unit washer and dryer ensure your chores are a breeze. Pet owners will delight in the building's friendly pet policy, and the included garage parking offers the convenience of secure, covered storage. Commuters will appreciate the exceptional transportation options, with the MARC train station less than half a mile away and the Shady Grove Metro just 3.2 miles down the road, making it effortless to access the wider DC metro area. This boutique condo truly offers the best of both worlds - the charming character of Old Town Gaithersburg combined with modern comforts and amenities to elevate your lifestyle.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1988
  • Stories: 1
  • Living Area: 1,151 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (301) 718-0010
  • Listing Agent: Karen Maraia

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Microwave, Oven, Electric Range, Refrigerator, Washer
  • Basement: No
  • Interior: Floor Plan - Open, Bathroom - Jetted Tub, Breakfast Area, Ceiling Fan(s), Kitchen - Table Space, Window Treatments, Wood Floors

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Other, Attached Garage, Parking Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From 355 north, take right on S Summit Ave into Old Town, cross over railroad tracks, left on to Diamond Ave, 2nd right on Russell, building is on left. Go thru under pass & park anywhere.

Municipality:

  • Gaithersburg

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $222/SqFt

Tax Information:

  • Annual Amount: $1,527
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Gaithersburg, MD.

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Gaithersburg, MD

City

Med. Sold Price

$545.3K

Med. Price/SqFt

$267

Avg. Days On Market

22

# of Sold Homes

73

8 Russell Ave Unit 201 vs Gaithersburg

37 DAYS ON ROCKET

+15 Days

$255,000

-$290.3K Less

$222/SqFt

-$45 Less

KEY TAKEAWAY

This property is $290.3K less than the Median Sold Price and $45/SqFt less than other homes in Gaithersburg, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDMC2157260

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (301) 718-0010
  • Listing Agent: Karen Maraia

IDX Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 4:23:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 03, 2014Home Sold
$174,725
Aug 29, 2003Home Sold
$128,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,527$123,333
2020$918$120,000
2018$924$120,000

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-559349
3
/10

  • Gaithersburg Elementary School

  • 35 N Summit Ave

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-559350
2
/10

  • South Lake Elementary School

  • 18201 Contour Rd

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-559351
2
/10

  • Summit Hall Elementary School

  • 101 W Deer Park Rd

  • 1.08 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,148. Most Gaithersburg, MD residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Gaithersburg, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Gaithersburg, MD?

Gaithersburg offers a diverse array of housing options, with single-family homes, apartments, and townhouses available to suit a range of preferences. The architectural styles in the area are varied, with a mix of colonial, contemporary, and ranch-style homes. The housing market is dynamic, with a healthy balance of ownership and rental opportunities. Single-family homes are prevalent, while multifamily dwellings provide alternatives for those seeking a more urban living experience.

What are the advantages of living in Gaithersburg, MD?

Gaithersburg is celebrated for its vibrant community spirit and a family-friendly atmosphere. The city prides itself on a blend of historic charm and modern amenities, offering residents a suburban feel with pockets of urbanity. Annual events, such as the Gaithersburg Book Festival, reflect the cultural richness and educational values of the community.

Are essential services in Gaithersburg, MD convenient?

The city is served by a robust educational system, including a variety of public and private schools that cater to different educational needs. Healthcare services are comprehensive, with several clinics and a hospital that provide a range of medical services. Gaithersburg also features a network of public libraries and a variety of shopping and dining options that showcase the local culture. The city is proactive in adapting its services to meet the evolving needs of its diverse population.

How do Gaithersburg, MD residents get around?

Gaithersburg's transportation infrastructure supports both private and public transit options, with a focus on accessibility and convenience. The area is served by a network of buses that operate on a set schedule, connecting residents to key destinations within the city and beyond. The community is designed with walkability in mind, particularly in the downtown area, and there are several bike-friendly routes available. Major roads and highways provide efficient routes for commuters, with ongoing improvements to enhance traffic flow and reduce congestion.

Frequently Asked Questions About 8 Russell Ave Unit 201

What is the listing price of this property?

The listing price of 8 Russell Ave Unit 201 property is $255,000.

What type of property is this?

The property 8 Russell Ave Unit 201 is a condo located in Gaithersburg, Maryland, 20877.

Is this property for sale now?

Accepting Backup Offers: 8 Russell Ave Unit 201 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,527 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 3, 2014 for $174,725. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8 Russell Ave Unit 201 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 8 Russell Ave Unit 201 is 1,151 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8 Russell Ave Unit 201 is 1988.

Rocket Homes›Maryland›Montgomery County›Gaithersburg›20877›8 Russell Ave Unit 201

This home is located at 8 Russell Ave Unit 201 in Gaithersburg, MD and zip code 20877. This 1,151 square foot home was built in 1988. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 29, 2024 and is currently priced at $255,000.

In December 2024 more than 27 listings in Gaithersburg, MD were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 25 were sold below. The inventory of homes for sale in Gaithersburg, MD between November 2024 and December 2024 decreased by 13.5%. While the average time on the market in December 2024 was 22 days, the median list price was $545,343.

From Rocket Homes Real Estate and based on county public records data.

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