Sold917d on market

8 Russell Ave Unit 202

Gaithersburg, MD, 20877 • Olde Towne • Montgomery County

$287,500

$268/sqft

2Beds

2Baths

1,071Sqft

1988Built

Property DNA

8 highlights

Traditional Style

Built 1988 · 38 years of history

None Available

Common Grounds · Elevator(s) · Fitness Center

Enhanced Security

Exterior Cameras · Main Entrance Lock

Outdoor Living

Brick · Terrace · Wrap Around

Special Features

Above Grade · Below Grade

1-Car Garage

Covered · Garage Door Opener · Oversized · Underground · General Common Elements · Secured · Surface · Private · Off Street · Garage · Parking Lot

Premium Finishes

Walk-In Closet(s)

Hardwood & Ceramic Tile & Wood Floors

Quality flooring throughout

This home is in high demand

Listed 917 days ago · 7 views · Top 1% likely to sell soon

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Market activity

Demand and pricing signals for this listing

7 views

People checking out this listing

917 days on market

Established listing

$268/sqft

Price per square foot

Selling Soon Prediction

Very High

This home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Condo · Built 1988

This one-of-a-kind CONDO boasts a stunning 2 BEDROOM, 2 BATHROOM OPEN CONCEPT in MINT CONDITION and has EVERYTHING an owner needs, including 2 FRENCH DOORS that open up to a 1,365+/- sqft TERRACE offering OUTDOOR LIVING that is the new owner’s PRIVATE OASIS for your EXCLUSIVE USE only. Sit under your PRIVATE GAZEBO or dine alfresco and enjoy the beauty and quiet that this home offers. The CONDO BUILDING is SECURE requiring an OWNER Key/FOB to provide access. PARKING is OPEN and there are PLENTY OF SPACES, including a SECURE UNDERGROUND PARKING AREA, ideal for those snowy days. This home showcases a FULLY RENOVATED CHEF'S KITCHEN and REMODLELED BATHROOMS, has been FULLY PAINTED, has all newer ENERGY EFFICIENT WINDOWS and SLIDING GLASS DOOR (2018 - WARRANTY TRANSFERS to new owner), NEW LIGHT FIXTURES, NEW MODERN DOOR HANDLES, you’ll enjoy a spacious OPEN CONCEPT LIVING AREA with LARGE LIVING ROOM and DINING ROOM. The LIVING ROOM opens to a BONUS/SUNROOM AREA with BIG WINDOWS overlooking the LARGE OWNER'S ONLY TERRACE. The WIDE HALLWAY leads to the PRIMARY BEDROOM with a PRIVATE PRIMARY BATH and WALK-IN CLOSET. The SECOND BEDROOM has a SLIDING GLASS DOOR that opens to the TERRACE and would make a great BEDROOM or OFFICE. The SECOND BATHROOM with SHOWER and WASHER/DRYER is accessible off the hallway next to the SECOND BEDROOM. The COMMUNITY has a PARTY ROOM, GYM, LOUNGE, and PRIVATE OWNER STORAGE. The HOA covers WATER, SNOW REMOVAL, and MAINTENANCE of all COMMON AREAS. WALK to the MARC TRAIN or BARS and RESTAURANTS, with a SHORT DRIVE to the METRO and 270. You have to see this CONDO to believe it!! There's not another one like it anywhere! Bring all offers ASAP! This one seriously won’t last!

Standout features identified

Our analysis highlights big windows, new light fixtures, and new modern door handles as key attractions of this home.

Estimated monthly payment

Based on current rates

$2,265/month

Principal & Interest$1,392

Property Tax$288

Insurance$96

HOA$490

Down payment20% ($57,500)

3%50%

Est. 6.09% rate · 30yr fixed · $230,000 loan

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At a glance

Key facts and listing details

TypeCondominium

Year Built1988

HeatingHeat Pump, Electric

CoolingCentral Air, Electric

Parking1 Garage space

HOA$490 monthly

Property

Home typeCondo

Sub-typeCondominium

StyleTraditional

ConditionExcellent,Very Good

Year built1988

Stories1

Systems

HeatingHeat Pump, Electric

CoolingCentral Air, Electric

RoofUnknown

ConstructionBrick

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingCovered, Garage Door Opener, Oversized, Underground, General Common Elements, Secured, Surface, Private, Off Street, Garage, Parking Lot

Garage1 spaces

Location & Tax

NeighborhoodOlde Towne

ZoningCBD

Annual tax$1,688

Parcel0902889243

Bathrooms & Fees

Full baths2

HOA$490/mo

Features & details

16 categories of property features

Interior Features

Interior

Ceiling Fan(s)

Combination Kitchen/Dining

Combination Dining/Living

Dining Area

Entry Level Bedroom

Flat

Open Floorplan

Kitchen - Galley

Pantry

Primary Bath(s)

Bathroom - Tub Shower

Upgraded Countertops

Walk-In Closet(s)

Other

Dry Wall

Appliances

Microwave

Dishwasher

Oven/Range - Electric

Refrigerator

Stainless Steel Appliance(s)

Washer/Dryer Stacked

Electric Water Heater

Flooring

Hardwood

Ceramic Tile

Wood

Heating

Heat Pump

Electric

Cooling

Central Air

Electric

Laundry

Dryer In Unit

Washer In Unit

In Unit

Windows

Casement

Double Pane Windows

Energy Efficient

Insulated Windows

Screens

Sliding

Storm Window(s)

Accessibility

Accessible Elevator Installed

No Stairs

Exterior Features

Exterior

Storage

Other

Parking

Covered

Garage Door Opener

Oversized

Underground

General Common Elements

Secured

Surface

Private

Off Street

Garage

Parking Lot

Construction

Brick

Patio & Porch

Brick

Terrace

Wrap Around

Security

Exterior Cameras

Main Entrance Lock

Pool Features

None

Utilities

Cable Available

Electricity Available

Phone Available

Sewer Available

Water Available

Cable

Other Structures

Above Grade

Below Grade

Room details

1 room detailed

Basement

Listing insights

Market data and value estimates

StatusSold

Days on market917

Est. value$277,500

Est. rent$1,969/mo

Tax rate0.88%

Price/sqft$268

On marketSep 19, 2023

PostedSep 19, 2023

Last sold$287,500

MLS updatedOct 10, 2023

Tour days6

How are the schools in Gaithersburg?

3 schools rated nearby

Gaithersburg Elementary School

Primary • Public • PK-5

0.3 mi

Gaithersburg Middle School

Middle • Public • 6-8

0.5 mi

Gaithersburg High School

High • Public • 9-12

0.5 mi

Location

Gaithersburg, MD, 20877

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Price history

7 events

DateEventPrice$/sqftSource

Oct 10, 2023Sold$287,500$268Bright MLS

Sep 27, 2023Contingent$274,444$256Bright MLS

Sep 19, 2023Listed For Sale$274,444$256Bright MLS

Oct 30, 2001Sold$107,000$100Public Record

Jun 11, 2001Sold$102,000$95Public Record

Jan 21, 1998Sold$75,000$70Public Record

Sep 14, 1995Sold$84,000$78Public Record

Sold$287,500

Oct 10, 2023•$268/sqft•Bright MLS

Contingent$274,444

Sep 27, 2023•$256/sqft•Bright MLS

Listed For Sale$274,444

Sep 19, 2023•$256/sqft•Bright MLS

Sold$107,000

Oct 30, 2001•$100/sqft•Public Record

Sold$102,000

Jun 11, 2001•$95/sqft•Public Record

Sold$75,000

Jan 21, 1998•$70/sqft•Public Record

Sold$84,000

Sep 14, 1995•$78/sqft•Public Record

Tax history

25 years of records

YearTax paidAssessed value

Apr 15, 2025$2,923$216,667

Apr 15, 2024$2,256$173,333

Apr 15, 2023$1,684$130,000

Apr 15, 2022$1,596$126,667

Apr 15, 2021$1,561$123,333

Apr 15, 2020$1,514$120,000

Apr 15, 2019$1,519$120,000

Apr 15, 2018$1,527$120,000

Apr 15, 2017$1,608$120,000

Apr 15, 2016$1,106$120,000

Apr 15, 2015$1,106$120,000

Apr 15, 2014$1,106$180,000

Apr 15, 2013—$166,667

Apr 15, 2012—$153,333

Apr 15, 2011—$140,000

Apr 15, 2010—$140,000

Apr 15, 2009—$140,000

Apr 15, 2008—$185,000

Apr 15, 2007—$162,332

Apr 15, 2006—$139,666

Apr 15, 2005—$117,000

Apr 15, 2004—$104,000

Apr 15, 2003—$104,000

Apr 15, 2002—$78,000

Apr 15, 2001—$78,000

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Neighborhood details

Local context around this listing

Gaithersburg, MD • Montgomery County

Nearby neighborhoods

Crown FarmDeer ParkFlower HillKentlandsLakelandsOlde TowneQuince Orchard ParkSaybrookeWashingtonian WoodsWestleigh

Nearby cities

BethesdaChevy ChaseGaithersburgGermantownMontgomery VillageNorth PotomacPotomacRockville

Nearby zip codes

2087720878208792088220883208842088520899

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Value estimates

Live

Est. value$277,500

Est. rent$1,969/mo

30yr rate est.6.09%

Affordability$2,195/mo

Accepted financing

CashConventionalFHAVA Loan

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