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709 Market Street East

709 Market Street East, Gaithersburg, MD 20878
House in Montgomery
Sold Aug 26, 2020
$875,000
$700,000 by Truist Bank
Mortgage Due Sep 01, 2050
Sold Jun 23, 2016
$830,000
$705,500 by First Heritage Mortgage Llc
Mortgage Due Jun 01, 2046
709 Market Street East has been categorized by the local assessors in Gaithersburg, MD as a residential type of property. The building on the property was first built in 2001 and is 23 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 709 Market Street East has 3,540 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 900 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 4,028 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 709 Market Street East was last sold in Aug 21, 2020 for $875,000. According to our calculations, that's $331.44 per sqft. Prior to that sales transaction, the property was sold for $830,000 in May 31, 2016. Current property owners are expected to pay $11,746 in taxes per year. The property on 709 Market Street East was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $828,400. To break that down further, the land itself was valued at $376,500. While improvements to the property were assessed at a total of $451,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 900
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,028
  • Total Building Area: 2,640
  • Gross Building Area: 2,640
  • Building Area: 2,640
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,540
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKELANDS PH 2 SEC 1
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKELANDS PH 2 SEC 1

Ownership

  • Current Owner : LAZERUS PERRY
  • Current Owner 2: LAZERUS ALLYSON
  • Previous Owner : MODICA V ROBERT I V
  • Previous Owner 2: MODICA SARAH ELIZABETH
  • Owner Before Previous Owner: BARTELL RYAN F
  • Owner Before Previous Owner 2: BARTELL JAMIE H
  • 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: 03320257
  • District: 09
  • Section: 1
  • Subdivision Phase Number: 2
  • Parcel: 09-03320257
  • Block: LL
  • Lot: 7
  • Municipality: GAITHERSBURG
  • Latitude: 39.1165
  • Longitude: -77.2309

    Address

  • Full Address: 709 Market St E
  • Address - House Number: 709
  • Street Segment Direction: E
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C056
  • 4-Digit Zip Code: 5552
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,746
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1301
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 85
  • Final Value: 1,091,990
  • High Value: 1,234,117
  • Low Value: 949,862

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Aug 26, 2020
  • First Open Lien Mortgage Loan Amount: $700,000
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $828,400
  • Market Land Value: $376,500
  • Market Improvement Value: $451,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $828,400
  • Assessed Land Value: $376,500
  • Assessed Improvements Value: $451,900

    Sales

  • Current Sale Contract Date: Aug 21, 2020
  • Current Sale Recording Date: Aug 26, 2020
  • Current Sale Transaction ID: 11787979425
  • Current Sale Price: $875,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 23, 2016
  • Previous Sale Contract Date: May 31, 2016
  • Previous Sale Amount: $830,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Aug 26, 2020
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HERITAGE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jun 23, 2016
  • Previous Mortgage Loan Amount: $705,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2046

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Frequently Asked Questions

What neighborhood is 709 Market Street East located in?
The 709 Market Street East is a house located in the neighborhood of Montgomery in Gaithersburg, Gaithersburg.
What is the average sales price for listings in 709 Market Street East?
The average sales price for units in 709 Market Street East is $0 currently.

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