See Home Value
Gaithersburg 20878
695 MARKET ST E
$1,150,000
House - Off Market

695 MARKET ST E

GAITHERSBURG, MD 20878
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2640 Sqft
$5,527
Estimated Monthly
$125
HOA / Fees
3.79%
Cap Rate

About This Property

Site unseen offer accepted, open houses canceled. Welcome to 695 Market Street East, a meticulously maintained 4-bedroom, 3.5-bathroom home situated in the Lakelands Community of Gaithersburg, MD.  Walking distance to vibrant Kentlands shopping center, which features shopping, dining, entertainment and so much more!  As you enter, you will notice how bright and airy the home is.  The main level features a formal dining room, a separate living room/office, a cozy family room with gas fireplace, a breakfast nook, an update powder room, walk-in laundry room, and a beautiful gourmet kitchen, equipped with high-end stainless steel appliances.  The hardwood floors throughout the main living areas add warmth and sophistication to this inviting home and the fresh coat of paint enhances the aesthetic appeal.  Make your way outside to your private oasis, there is a spacious Trex deck, perfect for entertaining guests, as well as your detached 2 car garage.  The top floor features 4 spacious bedrooms, an additional updated hallway bathroom, and your primary suite, with 2 closets and an updated en-suite bathroom with heated floors!  The finished basement offers a versatile space to play and unwind. An additional room can be used as a second office, media room, or workout space.  There is also an additional updated full bathroom in the basement, along with tons of storage space!  The Lakelands Community features an outdoor pool, walking trails, playgrounds, a club house and so much more.  There are always so many activities throughout the year, which brings the community together! You won't want to miss this amazing opportunity, welcome home! (Professional photos to be uploaded next week)
Unit Size
2,640Ft²
Days on Market
30 days
Land Size
0.09 acres
Price per sqft
$417
Property Type
House
Property Taxes
$926
HOA Dues
$125
Year Built
2001
Last updated: 24 days ago (Bright MLS #MDMC2130224)

Price History

Date / Event Date Event Price
Jun 3, 2024 Sold $1,150,000
Sold
May 4, 2024 Listed by EXP Realty, LLC $1,099,999
Listed by EXP Realty, LLC
Feb 22, 2013 Sold to Bindi J Desai, Saunak P Desai $769,900
Sold to Bindi J Desai, Saunak P Desai
Sep 4, 2008 Sold to Jonathan S Spector $705,000
Sold to Jonathan S Spector

Property Highlights

Garage
Air Conditioning
Fireplace

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: 967
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,724
  • 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: 3,607
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKELANDS PH 2 SEC 1
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKELANDS PH 2 SEC 1

Ownership

  • Current Owner : DESAI SAUNAK P
  • Current Owner 2: DESAI BINDI J
  • Previous Owner : SPECTOR JONATHAN S
  • Owner Before Previous Owner: TEPPER JASON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 700826

Zoning

  • Zoning: MXD

Geography

  • Assessors Map Reference: FS12
  • Account Number: 03320224
  • District: 09
  • Section: 1
  • Subdivision Phase Number: 2
  • Parcel: 09-03320224
  • Block: LL
  • Lot: 4
  • Municipality: GAITHERSBURG
  • Latitude: 39.1165
  • Longitude: -77.2313

    Address

  • Full Address: 695 Market St E
  • Address - House Number: 695
  • Street Segment Direction: E
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: MD
  • City Name: Gaithersburg
  • Carrier Code: C056
  • 4-Digit Zip Code: 5551
  • Zip Code: 20878

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,419
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.149
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,095,640
  • High Value: 1,258,907
  • Low Value: 932,372

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $415,000
  • First Open Lien Mortgage Lender: FIRST SAVINGS MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 20, 2016
  • First Open Lien Mortgage Loan Amount: $415,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2031

    Market Valuation

  • Market Total Value: $832,800
  • Market Land Value: $371,200
  • Market Improvement Value: $461,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $832,800
  • Assessed Land Value: $371,200
  • Assessed Improvements Value: $461,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 14, 2013
  • Current Sale Recording Date: Feb 22, 2013
  • Current Sale Transaction ID: 1049596287
  • Current Sale Price: $769,900
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 04, 2008
  • Previous Sale Contract Date: Aug 22, 2008
  • Previous Sale Amount: $705,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SAVINGS MORTGAGE CORP
  • First Mortgage Transaction Date: Feb 22, 2013
  • First Mortgage Loan Amount: $613,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: CHARLES SCHWAB BANK NA
  • Previous Mortgage Transaction Date: Sep 04, 2008
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2038



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
2,877 ft²
$419/ft²
$1,205,000 May 25, 2023
$1,205,000 Jun 26, 2023
$125/mo
House
4 Beds
4 Baths
2,720 ft²
$404/ft²
$1,099,000 Oct 13, 2022
$1,099,000 Feb 8, 2023
$110/mo
House
4 Beds
3 Baths
2,816 ft²
$343/ft²
$965,000 Oct 28, 2022
$965,000 Jan 13, 2023
$110/mo
House
4 Beds
4 Baths
2,640 ft²
$402/ft²
$1,060,000 Nov 28, 2023
$1,060,000 Dec 15, 2023
$125/mo
House
5 Beds
5 Baths
2,704 ft²
$407/ft²
$1,100,000 Apr 13, 2023
$1,100,000 Aug 7, 2023
$125/mo
House
4 Beds
3 Baths
2,562 ft²
$420/ft²
$1,075,000 Apr 26, 2024
-
$125/mo
House
4 Beds
4 Baths
2,877 ft²
$400/ft²
$1,149,900 Mar 1, 2024
-
$125/mo
House
3 Beds
3 Baths
2,978 ft²
$312/ft²
$930,000 Apr 24, 2024
-
$187/mo
House
5 Beds
5 Baths
3,747 ft²
$280/ft²
$1,050,000 Apr 18, 2024
-
-

About Gaithersburg


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Frequently Asked Questions

When was property at 695 Market Street East built and last sold?
The property at 695 Market Street East was built in 2001 and last sold on Feb 14, 2013 for $769,900.
How much is this home worth?
The estimated value of the home located at 695 Market Street East is $1,097,844.
What are some comparable homes to 695 Market Street East?
There are currently no comparable homes to 695 Market Street East.

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