301 Central Ave Gaithersburg, MD 20877
Estimated payment $5,968/month
Highlights
- 0.99 Acre Lot
- 4-minute walk to Washington Grove
- 2 Fireplaces
- Main Floor Bedroom
- Farmhouse Style Home
- Combination Dining and Living Room
About This Home
Welcome to 301 Central Ave. A rare gem offering incredible versatility in a prime Gaithersburg location near Washington Grove and the MARC train, with Shady Grove Metro just a short drive away. This unique property sits on a picturesque, 1-acre lot and presents endless possibilities: transform it into a grand single-family residence or keep it as an approved 4 unit multifamily building. The main level is the primary residence, featuring expansive living areas, two updated full baths, 2-3 bedrooms, a large enclosed wraparound porch, one full kitchen and one bar with the potential of the bar being converted to a second kitchen. Upstairs, you'll find three fully equipped 1-bedroom, 1-bath apartments, two of which are currently being leased until June 2024. The property boasts a newly paved entrance with parking for 10+ vehicles and stunning park-like grounds perfect for outdoor enjoyment. Whether you're envisioning a spacious single-family home with 5-6 bedrooms and 5 baths, a lucrative multifamily investment, or a combination of both, this property is brimming with potential. Schedule your private tour today! Advance notice required—contact the listing agent for details.
Listing Agent
Charles Gilroy
Redfin Corp
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,327
Year Built
- Built in 1920
Lot Details
- 0.99 Acre Lot
- Property is in good condition
Home Design
- Farmhouse Style Home
- Permanent Foundation
- Frame Construction
Interior Spaces
- Main Floor Bedroom
- 2 Fireplaces
- Combination Dining and Living Room
Parking
- 10 Parking Spaces
- 10 Driveway Spaces
Utilities
- Air Source Heat Pump
- Well
- Electric Water Heater
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 160902369326
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,327 | $422,167 | $0 | $0 |
| 2023 | $5,814 | $381,600 | $196,500 | $185,100 |
| 2022 | $5,463 | $368,833 | $0 | $0 |
| 2021 | $4,625 | $356,067 | $0 | $0 |
| 2020 | $3,701 | $343,300 | $196,500 | $146,800 |
| 2019 | $7,359 | $343,300 | $196,500 | $146,800 |
| 2018 | $3,678 | $343,300 | $196,500 | $146,800 |
| 2017 | $4,497 | $343,300 | $0 | $0 |
| 2016 | -- | $343,133 | $0 | $0 |
| 2015 | $5,019 | $342,967 | $0 | $0 |
| 2014 | $5,019 | $342,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Price Changed | $974,900 | 0.0% | $259 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $974,900 | -2.5% | $259 / Sq Ft |
| 03/20/2025 03/20/25 | For Sale | $999,900 | 0.0% | $265 / Sq Ft |
| 03/20/2025 03/20/25 | For Sale | $999,900 | -- | $265 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | $300,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $240,000 | New Conventional |
Source: Bright MLS
MLS Number: MDMC2170814
APN: 09-02369326
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