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678 Gatestone Street

678 Gatestone Street, Gaithersburg, MD 20878
Property in Montgomery
Sold Nov 22, 2021
$750,000
Buyer
Seller
$525,000 by Truist Bank
Mortgage Due Nov 01, 2051
Sold Jul 05, 2012
$649,000
678 Gatestone Street in Gaithersburg, MD was first built in 2000 and is 24 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 3 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 678 Gatestone Street has 2,508 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 540 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 2,500 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of composition shingle. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 678 Gatestone Street sold most recently in Oct 15, 2021 for a total of $750,000. If you work out the math, that's approximately a cost of $381.10 per sqft. Before that, the property was also sold for $649,000 in Jun 13, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,461 in taxes each year. 678 Gatestone Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $686,600. If we break it down further, the land itself was valued at $300,000. Improvements to the property, however, were assessed at a total of $386,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Townhouse
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 540
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 1,968
  • Gross Building Area: 1,968
  • Building Area: 1,968
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,508
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKELANDS
  • Land Acres: 0.057
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LAKELANDS

Ownership

  • Current Owner : LI JIE
  • Current Owner 2: PENG NA
  • Previous Owner : BELL JOHN F
  • Owner Before Previous Owner: SALINAS ANNABELLA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700826

Zoning

  • Zoning: MXD

Geography

  • Assessors Map Reference: FS22
  • Account Number: 03239316
  • District: 09
  • Section: 2
  • Parcel: 09-03239316
  • Block: H
  • Lot: 49
  • Municipality: GAITHERSBURG
  • Latitude: 39.1196
  • Longitude: -77.2304

    Address

  • Full Address: 678 Gatestone St
  • Address - House Number: 678
  • Address - Street Name: Gatestone
  • Address - Suffix Type: St
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C053
  • 4-Digit Zip Code: 2120
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,461
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1479
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 847,095
  • High Value: 972,386
  • Low Value: 721,804

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $525,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $525,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $686,600
  • Market Land Value: $300,000
  • Market Improvement Value: $386,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,600
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $386,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11870049153
  • Current Sale Price: $750,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jul 05, 2012
  • Previous Sale Contract Date: Jun 13, 2012
  • Previous Sale Amount: $649,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $525,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 678 Gatestone Street located in?
The 678 Gatestone Street is a located in the neighborhood of Montgomery in Gaithersburg, Gaithersburg.
What is the average sales price for listings in 678 Gatestone Street?
The average sales price for units in 678 Gatestone Street is $0 currently.

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