340 North Summit Avenue, Gaithersburg, MD 20877

Montgomery
Building in 20877
3 Stories
Built in 1969
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Welcome to 340 North Summit Avenue, a building located in Montgomery in Gaithersburg, MD. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1969. There are a total of 3 floors. The market value for the land that the building sits on has been listed at $4,989,700. In addition, improvements upon the building have an added value of $16,510,300. In total, the total market value of the property as a whole is $21,500,000. According to local assessors, the total value of the building is currently valued at $21,500,000. Specifically, the value of the land that the property sits on has been assessed at $4,989,700. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
1969
Effective Year Built
1969
Bedroom Count
0
Building Condition
Good
Building Quality
C
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
Brick
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
3
Living Units
182
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
SECTION ONE WOODWINDS PARK
Land Acres
8.47
Standard Land Use Code
Apartment house (100+ units)
County Land Use Code
unknown
Legal Description 1
PAR A-1 WOODWIND PK SEC1 3937/235 6575/458
Ownership
Current Owner's Name
DLG LIMITED PARTNERSHIP
Owner Address - City
RESTON
Owner Address - State
VA
Owner Address - ZIP Code
20195
Ownership Rights Codes
Partnership
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Montgomery County Public Schools
Census Tract
700725
Census Block Code
2016
Census Group
2
Census Year
2019
Census - Combined Statistical Area - Area Code
548
Census - Combined Statistical Area - Area Name
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Census - County FIPS
24031
Census - Full FIPS
240317007192016
Census - Metropolitan Division - Area Code
23224
Census - Metropolitan Division - Area Name
Frederick-Gaithersburg-Rockville, MD
Census - Metro Micro Statistical Area - Area Code
47900
Census - Metro Micro Statistical Area - Area Name
Washington-Arlington-Alexandria, DC-VA-MD-WV
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
2431175
Census Source
US Census Bureau
Census State FIPS
24
Census Tract Code
700719
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
2400480
School District - Unified - Name
Montgomery County Public Schools
Zoning
Zoning
CBD
Geography
Assessors Map Reference
FT52 0 N467
Account Number
00821436
District
09
Section
1
Parcel
09-00821436
Lot Code
unknown
Municipality
GAITHERSBURG
Latitude
39.1483
Longitude
-77.1918
FIPS
24031
Mailing Carrier Code
B002
Mailing Full Street Address
PO BOX 2069
Mailing Street
PO BOX 2069
Mailing 4-Digit Zip Code
0069
Geo Status Code
unknown
Valuation
Timestamp
2024-01-24 00:45:34
UCID Flag
C
More About The Building
In total, the building area is listed as 239,944 square feet. The building itself has 239,944 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 340 North Summit Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the 20877 area have a median price of $2,750. Those in the 25th percentile, have a price around $2,158. While those in the 75th percentile, have a price around $3,050. Typically, the buildings in this area have a median sqft of 1,447. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $1. While the price per sqft for buildings in the 75th percentile is $2. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 4 one bedroom listings. The median price for these types of listings is $2,091. That's $2.48 price per sqft.

  • There are currently a total of 2 two bedroom listings. The median price for these types of listings is $2,590. That's $1.96 price per sqft.

  • There are currently a total of 5 three bedroom listings. The median price for these types of listings is $2,900. That's $1.27 price per sqft.

  • There are currently a total of 2 four bedroom listings. The median price for these types of listings is $3,520. That's $1.17 price per sqft.
About The Area
340 North Summit Avenue is located in 20877. There are 38,149 people living here. There are 12,676 households. Most of these households have an average family size of 3.51 people. According to the census, 57% are currently renting while 43% own their homes. The median age of this population is around 33.7 years old. On average, most folks in the zipcode are unmarried. About 56% of folks speak a language other than English in this area. The area's employment rate is currently around 65.9%. Speaking of employment, the median income is $65,751. Most folks will commute by car for around 32.8 minutes. Finally, we know that 21% of residents in the area have graduated with their high school degree. Additionally, 20% and 16% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Montgomery County, Maryland has a population of 1,026,371 people. Based on census records, there are 367,764 registered households. Families in this area are on average made up of 3.31 people per household. Most folks are married. They are also typically around 38.6 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 34% rent while 66% purchased their homes. Right now, the community is made up of 14% of residents who have graduated with at least a high school degree. On top of that, 27% have a Bachelor's degree and 32% have a Master's degree. The employment rate is currently around 67.2%. Those employed, have a median income of $100,352.

Finally, let's take a look at the stats related to Washington, DC - VA - MD Urban Area. The urban area is home to 4,897,996 people. A total of 1,763,935 households are registered here. With average family sizes being listed at 3.38 people. About 17% of residents have graduated with a high school degree. Of the rest, 26% have their Bachelor's and 26% have their Master's degree. Folks speaking a language other than English, make up about 31% of the population. Speaking of your commute, 67.5% of people in this area are employed. The recorded median income is currently at $95,550 per year. The median population age has been listed at 36 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
-
Studio Median Rent
$2,091
1BR Median Rent
$2,590
2BR Median Rent
$2,900
3BR Median Rent
PUBLIC TRANSIT
61
GIRARD ST & GOSHEN RD (660 ft - 3 min walk)
Montgomery County MD Ride On
61
GIRARD ST & GOSHEN RD (700 ft - 3 min walk)
Montgomery County MD Ride On
61
GIRARD ST & GOSHEN RD (730 ft - 3 min walk)
Montgomery County MD Ride On
61
GIRARD ST & GOSHEN RD (770 ft - 3 min walk)
Montgomery County MD Ride On
61
GIRARD ST & WHETSTONE GLEN ST (1040 ft - 4 min walk)
Montgomery County MD Ride On

Nearby Schools

(within attendance boundary)
Gaithersburg Elementary  •  0.36 mi
35 N Summit Ave, Gaithersburg, MD 20877
Public  •  Elementary  •  Grades PK to 5
Montgomery County Public Schools
Gaithersburg Middle  •  0.42 mi
2 Teachers' Way, Gaithersburg, MD 20877
Public  •  Middle School  •  Grades 6 to 8
Montgomery County Public Schools
Gaithersburg High  •  0.98 mi
101 Education Blvd, Gaithersburg, MD 20877
Public  •  High School  •  Grades 9 to 12
Montgomery County Public Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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