For Sale7d on market

8 Russell Ave Unit 206

Gaithersburg, MD, 20877 • Olde Towne • Montgomery County

$275,000

$237/sqft

Down payment assistance available

2Beds

2Baths

1,160Sqft

1988Built

Property DNA

4 highlights

Contemporary Style

Built 1988 · 38 years of history

Gaithersburg

Bar/Lounge · Elevator(s) · Fitness Center

Special Features

Above Grade · Below Grade

$604/mo HOA

Bar/Lounge · Elevator(s) · Fitness Center · Party Room

Market activity

Demand and pricing signals for this listing

69 views

People checking out this listing

2 saves

Buyers have saved this home

7 days on market

Just listed — act fast

$237/sqft

Price per square foot

About this home

Condo · Built 1988

The Premier Residence at 8 Russell Ave: Sun-Drenched, Modern, and Move-In Ready! Welcome to the most desirable unit in this boutique building. Unit 206 is a rare find, offering over 1,100 square feet of renovated living space with a coveted southern exposure that floods the home with natural light all year round. The Highlights: * Architectural Transformation: Experience a major professional alteration featuring a modern, open-concept kitchen—a rare luxury in this building. Equipped with a brand-new cookstove and ample prep space, it flows seamlessly into the expansive living and family room. * Executive Home Office: Discover the perfect "work-from-home" sanctuary. Separated by elegant French doors, this versatile space serves as a professional home office or a quiet third guest room. * Peace of Mind: Live worry-free with a brand-new HVAC system installed in December (full warranties included) and an in-unit laundry area with a stacked washer/dryer. * Primary Suite Retreat: The spacious primary bedroom features a private full bath and a generous walk-in closet, complemented by a comfortable second bedroom and a second full hallway bath. Building & Lifestyle: Located in a secure building with elevator access, residents enjoy premium amenities including a 4th-floor exercise room, a 3rd-floor party room, and a 2nd-floor lounge. Parking is a breeze with underground garage space plus ample open air guest parking The Location: Perfectly positioned for the future, you are steps from the Gaithersburg MARC Station and the upcoming Biotech Corridor. Walk to the vibrant shops, breweries, and restaurants of Olde Towne, or enjoy nearby Constitution Gardens and Bohrer Park. With instant access to I-270, I-370, and Rt. 355, your commute to DC or the local Costco is just minutes away.

Estimated monthly payment

Based on current rates

$2,298/month

Principal & Interest$1,327

Property Tax$275

Insurance$92

HOA$604

Down payment20% ($55,000)

3%50%

Est. 6.06% rate · 30yr fixed · $220,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeCondominium

Year Built1988

HeatingHeat Pump, Electric

CoolingCentral Air, Electric

ParkingParking Lot

HOA$604 monthly

Days on Zillow7 Days

Price/sqft$237

Property

Home typeCondo

Sub-typeCondominium

StyleContemporary

Year built1988

Stories1

Systems

HeatingHeat Pump, Electric

CoolingCentral Air, Electric

ConstructionBrick

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingParking Lot

Location & Tax

NeighborhoodOlde Towne

ZoningCBD

Annual tax$2,322

Parcel0902889367

Bathrooms & Fees

Full baths2

HOA$604/mo

Features & details

9 categories of property features

Interior Features

Appliances

Electric Water Heater

Water Heater

Heating

Heat Pump

Electric

Cooling

Central Air

Electric

Laundry

In Unit

Accessibility

None

Exterior Features

Parking

Parking Lot

Construction

Brick

Pool Features

None

Other Structures

Above Grade

Below Grade

Room details

1 room detailed

Basement

Listing insights

Market data and value estimates

StatusFor Sale

Days on market7

Est. value$273,700

Est. rent$2,302/mo

Tax rate0.88%

Price/sqft$237

On marketApr 8, 2026

PostedApr 8, 2026

Last sold$174,000

MLS updatedApr 13, 2026

Tour days9

Favorites2

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

Expand map

Price history

7 events

DateEventPrice$/sqftSource

Apr 13, 2026Listed For Sale$275,000$237Bright MLS

Apr 20, 2021Sold$174,000$150Bright MLS

Apr 14, 2018Sold$150,000$129Public Record

Mar 17, 2018Listed For Sale$154,500$133Fairfax Realty Advantage

Mar 8, 2018Sold$95,000$82Public Record

Aug 6, 2003Sold$133,000$115Public Record

Dec 23, 1997Sold$75,000$65Public Record

Listed For Sale$275,000

Apr 13, 2026•$237/sqft•Bright MLS

Sold$174,000

Apr 20, 2021•$150/sqft•Bright MLS

Sold$150,000

Apr 14, 2018•$129/sqft•Public Record

Listed For Sale$154,500

Mar 17, 2018•$133/sqft•Fairfax Realty Advantage

Sold$95,000

Mar 8, 2018•$82/sqft•Public Record

Sold$133,000

Aug 6, 2003•$115/sqft•Public Record

Sold$75,000

Dec 23, 1997•$65/sqft•Public Record

Tax history

25 years of records

YearTax paidAssessed value

Apr 15, 2025$2,322$170,000

Apr 15, 2024$1,952$150,000

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$1,169$120,000

Apr 15, 2015$1,169$120,000

Apr 15, 2014$1,169$180,000

Apr 15, 2013—$168,333

Apr 15, 2012—$156,667

Apr 15, 2011—$145,000

Apr 15, 2010—$145,000

Apr 15, 2009—$145,000

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$273,700

Est. rent$2,302/mo

30yr rate est.6.06%

Affordability$2,253/mo

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