UPDATED:
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 1,884 sqft
Price per Sqft $159
Subdivision Newport Estates
MLS Listing ID MDMC2207322
Style Other
Bedrooms 3
Full Baths 2
Half Baths 1
Condo Fees $220/mo
HOA Y/N N
Abv Grd Liv Area 1,286
Year Built 1974
Annual Tax Amount $4,263
Tax Year 2025
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
Located just 1.5 miles from the approved Lake Forest Mall redevelopment, this area is positioned for significant appreciation. The redevelopment plan includes 1,600 new residential units, extensive retail, dining, commercial, and entertainment spaces, and a new transit center, all anticipated to drive long-term demand and increase neighborhood value. Investors will benefit not only from strong current cash flow but also from the future upside as the surrounding area transforms.
A rare opportunity to secure a stable, income-producing asset in a rapidly improving corridor of Gaithersburg.
Location
State MD
County Montgomery
Zoning RPT
Rooms
Basement Fully Finished
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Other
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Amenities Available None
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Other
Above Ground Finished SqFt 1286
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Montgomery County Public Schools
Others
Pets Allowed Y
HOA Fee Include Snow Removal,Trash
Senior Community No
Tax ID 160901640064
Ownership Condominium
SqFt Source 1884
Special Listing Condition Standard
Pets Allowed Case by Case Basis
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