See Home Value
$1,230,000
● House - Off Market

301 RESERVE GATE TERRACE

SILVER SPRING, MD 20905
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
6,465 Ft²
$7,972
Est. Monthly
$593
HOA / Fees
2.83%
Cap Rate

About This Property

RARELY AVAILABLE IN THE RESERVE, FIRST ONE ON MARKET SINCE 2023! PRIVATE OASIS BACKING TO ALMOST 20 ACRES OF PRESERVED PARKLAND.  OVER 6,400 SQ FT OF ELEGANT LIVING SPACE ON A PRIVATE CUL-DE-SAC. GOES TO OLNEY SCHOOLS! Welcome to 301 Reserve Gate Terrace, an extraordinary residence nestled in the highly sought-after Reserve section in the Ashton Preserve community. Lightly lived-in and meticulously cared for by its original owner, this impressive Brookline model is positioned on a beautifully landscaped .38-acre lot that backs to an expansive, roughly 20-acre wooded preserve-offering the rare combination of privacy, views, and tranquility.

With more than 6,400 square feet of finished living space across three thoughtfully designed levels, this 5-bedroom, 4.5-bathroom, 3-car garage estate delivers elegance, functionality, and modern sophistication at every turn. From the moment you step through the grand two-story foyer, you're greeted by rich hardwood flooring and soaring ceilings, setting the tone for the refined finishes that follow.

The main level boasts a formal living and dining room, a full-sized private office overlooking lush greenery, and a breathtaking two-story family room centered around a beautiful fireplace. Natural light floods the sunroom addition, featuring floor-to-ceiling windows on three sides and scenic views of the backyard. At the heart of the home lies the gourmet chef's kitchen, with gleaming stainless steel appliances (1 year old), granite countertops, double oven, a large island with 5-burner cooktop, butler's pantry, and oversized sink framed by windows that offer peaceful views of the treetops beyond.

Upstairs, you'll find four generously sized bedrooms, all with hardwood flooring. The primary suite is a true retreat, complete with a separate sitting room, bedroom-sized walk-in closet, and a luxurious bath featuring dual vanities, soaking tub, and separate shower. A guest suite with its own full bath and two additional bedrooms connected by a Jack-and-Jill bath complete the upper level.

The fully finished walk-out lower is nearly 2,500 square feet and includes a dedicated media room, bedroom with full bath, second family room with fireplace, and multiple recreation and flex spaces perfect for entertaining, fitness, or play. Dual-zone HVAC system was updated in 2016.

Step outside to the custom Trex deck with a charming gazebo, ideal for dining al fresco while surrounded by the serenity of mature trees.

The home is located in a private cul-de-sac featuring a charming community green space with gazebo and sitting areas. Just 10 minutes to downtown Olney, this residence is a rare offering in a neighborhood where homes are rarely available.

Don't miss your opportunity to experience luxury, space, and serenity all in one unforgettable address.
Unit Size
6,465 Ft²
Days on Market
77 days
Land Size
0.38 acres
Price per sqft
$200
Property Type
House
Property Taxes
$1,020
HOA Dues
$593
Year Built
2004

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Last updated: 2 years ago (Bright MLS #MDMC2180898)

Price History

Date / Event Date Event Price
Aug 21, 2025 Sold
Sold
Jul 19, 2025 In contract -
In contract
Jul 17, 2025 Price Decreased $1,295,000
↓ $54K (4%)
Price Decreased
Jul 12, 2025 Relisted $1,349,000
Relisted
Jul 9, 2025 In contract -
In contract
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 700
  • Garage Type: 10
  • Garage Square Area: 651
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,592
  • Total Building Area: 3,970
  • Gross Building Area: 3,970
  • Building Area: 3,970
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,670
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLEY MANOR FOREST
  • Land Acres: 0000000381
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: THE RESERVE AT ASHTON

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 701316

Zoning

  • Zoning: RNC

Geography

  • Assessors Map Reference: JT41
  • Account Number: 03396702
  • District: 08
  • Parcel: 08-03396702
  • Block: A
  • Lot: 16
  • Latitude: 39.1337
  • Longitude: -77.0166

    Address

  • Full Address: 301 Reserve Gate Ter
  • Address - House Number: 301
  • Address - Street Name: Reserve Gate
  • Address - Suffix Type: Ter
  • State: MD
  • City Name: Sandy Spring
  • Carrier Code: C041
  • 4-Digit Zip Code: 5040
  • Zip Code: 20905

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,084,871

    Appraisal Valuation

  • Standard Deviation: 0.1433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 1,206,969
  • High Value: 1,379,955
  • Low Value: 1,033,984

    Market Valuation

  • Market Total Value: $954,300
  • Market Land Value: $254,600
  • Market Improvement Value: $699,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $954,300
  • Assessed Land Value: $254,600
  • Assessed Improvements Value: $699,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Dec 10, 2004
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2174
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 Ashton - Sandy Spring


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Frequently Asked Questions

When was property at 301 Reserve Gate Terrace built and last sold?
The property at 301 Reserve Gate Terrace was built in 2004 and last sold on Jan 1, 1970 for $1,031,378.
How much is this home worth?
The estimated value of the home located at 301 Reserve Gate Terrace is $0.
What are some comparable homes to 301 Reserve Gate Terrace?
There are currently no comparable homes to 301 Reserve Gate Terrace.