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Image 1 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 2 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 3 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 4 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 5 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 6 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 7 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Image 8 - 8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877 - Condo for sale

Russell Ave Unit , Gaithersburg, Condo For Sale

8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877

Russell Ave Unit , Gaithersburg, Condo For Sale

condo for sale

Listed: 07/17/24

8 Russell Ave Unit 408, Gaithersburg, Maryland, 20877

1 Bed:

1.5 Bath:

962 Sq Ft Living Area:

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Price

$ 199,950

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About This Condo

Lovely 1 bedroom 1.5 bath condo in the heart of downtown Gaithersburg. The unit has been freshly painted with new carpet and has been well cared for by the Owners. The building has underground parking and a secure entrance. Once inside the building, the perfectly located elevator makes it easy to get to the 4th floor. Once in the unit, you will feel the large amount of space this over-sized 1 bedroom unit has. There is room for a dinning room table, nicely sized sofa can fit into the family room space and there is even a nice sunroom located in front of the large windows looking outside. Once standing on the newly revamped deck, you have a beautiful unobstructed view of the Gaithersburg skyline. When walking around the neighborhood, the location sells itself with restaurants, grocery stores, parks and public transportation all within walking distance.

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Original listing

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Gaithersburg Housing & Living

Average sale prices for condos

2 bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$301,388 (-15.2%)
May 2024	$355,347 (+1.8%)
Apr 2024	$349,058 (0%)
Mar 2024	$349,058 (0%)
Feb 2024	$349,058 (0%)
Jan 2024	$349,058 (0%)

In June 2024, the asking price for 2 bed condos for sale in/near Gaithersburg, United States averaged $301,388, a decrease of 15.2% from the previous month.

Median price trends for properties for sale in Gaithersburg, United States as of June 2024.

Household Income

Median household income: $85,773

Number of households: 24,377

The average household income in Gaithersburg, MD grew from $83,724 to $85,773 in the past year. This data is an estimate based upon 24,377 households in Gaithersburg, MD.
The chart below presents how household income is distributed in Gaithersburg, MD in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gaithersburg, MD compared to median property taxes around the country. The prevalent amount of property taxes in Gaithersburg, MD equals $3k+ , which is more than the national average.