See Home Value
$733,000
● House - Off Market

705 HOPE LANE

GAITHERSBURG, MD 20878
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,876 Ft²
$4,134
Est. Monthly
4.94%
Cap Rate

About This Property

Charming and Updated Raised Rambler in Desirable Diamond Courts & West Riding

Welcome to this meticulously maintained 4-bedroom, 3-bathroom raised rambler offering 2,420 square feet of beautifully finished living space across two spacious levels. Nestled in the highly sought-after communities of Diamond Courts and West Riding, this home is the perfect blend of comfort, function, and style.

Step onto the inviting front porch and enter a home where pride of ownership shines through. Recent upgrades include a new roof, updated electrical and plumbing systems, and elegantly updated kitchen and bathrooms. The heart of the home is the gourmet kitchen, which flows effortlessly into the dining area and sunlit living room-an ideal space for both relaxing and entertaining.

Glass doors lead to a massive 1,000 sq ft deck, seamlessly connecting indoor and outdoor living. Enjoy your morning coffee or host summer gatherings while overlooking a meticulously landscaped backyard complete with a large shed for extra storage.

The entry level boasts a spacious recreation room with a recently cleaned and coated fireplace, a full bathroom, a generous fourth bedroom, a finished laundry/mudroom, and direct garage access-perfect for guests or multi-generational living.

Upstairs, you'll find gleaming hardwood floors, three additional bedrooms, and two full bathrooms, all bathed in natural light.

Located just minutes from shopping, dining, Kentlands, NIST, I-270, and public transportation, this home offers unmatched convenience and a lifestyle you'll love coming home to.

Don't miss your opportunity to own this exceptional property-schedule your tour today!
Unit Size
1,876 Ft²
Days on Market
23 days
Land Size
0.27 acres
Price per sqft
$391
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1969

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Cap Rate Calculator

Last updated: 2 years ago (Bright MLS #MDMC2176982)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Sold
May 8, 2025 In contract -
In contract
May 8, 2025 Price Increased $733,000
↑ $13K (1.8%)
Price Increased
May 1, 2025 Listed by Wright Real Estate, LLC $720,000
Listed by Wright Real Estate, LLC
Sep 13, 2000 Sold
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 600
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,925
  • Total Building Area: 1,276
  • Gross Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,876
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DIAMOND COURTS
  • Land Acres: 0000000274
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: DIAMOND COURTS

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700823

Zoning

  • Zoning: R90

Geography

  • Assessors Map Reference: FT11
  • Account Number: 00828370
  • District: 09
  • Parcel: 09-00828370
  • Block: B
  • Lot: 5
  • Municipality: GAITHERSBURG
  • Latitude: 39.1343
  • Longitude: -77.2317

    Address

  • Full Address: 705 Hope Ln
  • Address - House Number: 705
  • Address - Street Name: Hope
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C006
  • 4-Digit Zip Code: 1882
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $541,298
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.149
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 725,215
  • High Value: 833,283
  • Low Value: 617,147

    Market Valuation

  • Market Total Value: $443,900
  • Market Land Value: $248,000
  • Market Improvement Value: $195,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $443,900
  • Assessed Land Value: $248,000
  • Assessed Improvements Value: $195,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Sep 13, 2000
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 189408
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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Nearby Rentals

Unit for rent at 805 Main Street, GAITHERSBURG, MD, 20878

$3,800 /mo

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805 Main Street, GAITHERSBURG, MD, 20878 Listing by Elaine S. Koch
Unit for rent at 337 Main Street, GAITHERSBURG, MD, 20878

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 2,600 ft²
337 Main Street, GAITHERSBURG, MD, 20878 Listing by Elaine S. Koch
Unit for rent at 31 Booth Street, GAITHERSBURG, MD, 20878

$3,499 /mo

  • 2 Beds
  • 2 Baths
  • 1,437 ft²
31 Booth Street #453, GAITHERSBURG, MD, 20878 Listing by Michael I Ndukauba


Frequently Asked Questions

When was property at 705 Hope Lane built and last sold?
The property at 705 Hope Lane was built in 1969 and last sold on Jan 1, 1970 for $204,000.
How much is this home worth?
The estimated value of the home located at 705 Hope Lane is $0.
What are some comparable homes to 705 Hope Lane?
There are currently no comparable homes to 705 Hope Lane.