See Home Value
$555,000
● House - Off Market

16 PARK AVE

GAITHERSBURG, MD 20877
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$2,824
Est. Monthly

About This Property

Welcome home to this absolutely beautiful restored home in the heart of Gaithersburg!  This charming Victorian era home has tons of character, a relaxing front porch, an amazing backyard and is walkable to the restaurants, shops, parks, and so much more of Old Towne Gaithersburg.  Located in the Central Business District allows the owner the opportunity to use it residentially or commercially.

The main level features gleaming hardwood floors, high ceilings, and a stunning gourmet kitchen that was completely renovated in 2021 with new shaker cabinetry, high-end stainless steel appliances, quartz countertops and a subway tile backsplash. Other features of this level include a wood burning stove, powder room, and a laundry room with a pantry. The 2nd level includes 3 bedrooms and 2 updated bathrooms including a spacious primary ensuite, and a large deck/balcony. As a bonus, there is a finished attic perfect for storage or a bonus room. The large backyard is fully fenced and features a deck off of the kitchen and an attached garage.  All of this just minutes to MARC, the metro, 270, and everything Historic Downtown Gaithersburg has to offer!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$288
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1899

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Last updated: 3 years ago (Bright MLS #MDMC2100772)

Price History

Date / Event Date Event Price
Dec 15, 2023 Sold
Sold
Nov 13, 2023 Price Decreased $575,000
↓ $24K (4%)
Price Decreased
Nov 13, 2023 In contract -
In contract
Oct 22, 2023 Relisted $599,000
Relisted
Oct 19, 2023 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,794
  • Total Building Area: 2,000
  • Gross Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RUSSELL & BROOKES ADDITION
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: PT LT 6 RUSSELL & BR OOKS

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700723

Zoning

  • Zoning: CBD

Geography

  • Assessors Map Reference: FT52 0 N875
  • Account Number: 00844118
  • District: 09
  • Parcel: 09-00844118
  • Block: 2
  • Lot: P5
  • Municipality: GAITHERSBURG
  • Latitude: 39.1436
  • Longitude: -77.1952

    Address

  • Full Address: 16 Park Ave
  • Address - House Number: 16
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C021
  • 4-Digit Zip Code: 2916
  • Zip Code: 20877

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $538,469
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.0683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 96
  • Final Value: 573,962
  • High Value: 613,203
  • Low Value: 534,721

    Market Valuation

  • Market Total Value: $446,700
  • Market Land Value: $159,300
  • Market Improvement Value: $287,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,700
  • Assessed Land Value: $159,300
  • Assessed Improvements Value: $287,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 04, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 21, 2016
  • Previous Sale Contract Date: May 31, 2016
  • Previous Sale Amount: $418,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gaithersburg


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620 Kingfisher Avenue, GAITHERSBURG, MD, 20877 Listing by Kathleen Y. Jones


Frequently Asked Questions

When was property at 16 Park Avenue built and last sold?
The property at 16 Park Avenue was built in 1899 and last sold on Dec 4, 2023 for $555,000.
How much is this home worth?
The estimated value of the home located at 16 Park Avenue is $579,168.
What are some comparable homes to 16 Park Avenue?
There are currently no comparable homes to 16 Park Avenue.