200 Olde Towne Avenue, Gaithersburg, MD 20877

Montgomery
Building in 20877
5 Stories
Built in 2016
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Welcome to 200 Olde Towne 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 2016. Finally, 200 Olde Towne Avenue was most recently sold on Apr 9, 2015 for $5,120,000. The market value for the land that the building sits on has been listed at $2,481,700. In addition, improvements upon the building have an added value of $22,457,900. In total, the total market value of the property as a whole is $24,939,600. According to local assessors, the total value of the building is currently valued at $24,939,600. Specifically, the value of the land that the property sits on has been assessed at $2,481,700. 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.
Facts
General
Year Built
2016
Effective Year Built
2016
Bedroom Count
0
Building Condition
Good
Building Quality
C
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
Block
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
5
Living Units
199
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
Fireproof structural steel frames/Non-combustible materials
Property Class
Residential
Subdivision
OLDE TOWNE
Land Acres
2.185
Standard Land Use Code
Apartment house (100+ units)
County Land Use Code
unknown
Legal Description 1
OLDE TOWNE
Ownership
Current Owner
OLDE TOWNE ASSOCIATES LP
Current Owner's Name
OLDE TOWNE ASSOCIATES LP
Previous Owner
GAITHERSBURG Y SITE LLC
Previous Owner's Name
GAITHERSBURG Y SITE LLC
Owner Address - City
VIRGINIA BEACH
Owner Address - State
VA
Owner Address - ZIP Code
23462
Owner Before Previous Owner
THE CITY OF GAITHERSBURG
Ownership Rights Codes
Partnership
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Montgomery County Public Schools
Census Tract
700731
Census Block Code
2000
Census Group
2
Census Year
2018
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
240317007172000
Census - Metropolitan Division - Area Code
43524
Census - Metropolitan Division - Area Name
Silver Spring-Frederick-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
700717
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
FT51 N117
Account Number
03636143
District
09
Parcel
09-03636143
Lot
7
Lot Code
unknown
Municipality
GAITHERSBURG
Latitude
39.1409
Longitude
-77.1947
FIPS
24031
Mailing Carrier Code
C097
Mailing Full Street Address
168 BUSINESS PARK DR STE 200
Mailing House Number
168
Mailing Street Mode
DR
Mailing Street
BUSINESS PARK
Mailing Unit Number
200
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
6532
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-01-24 00:45:34
UCID Flag
C
More About The Building
In total, the building area is listed as 278,124 square feet. The building itself has 278,124 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 200 Olde Towne 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 $2,744. Those in the 25th percentile, have a price around $2,050. While those in the 75th percentile, have a price around $3,013. Typically, the buildings in this area have a median sqft of 1,524. 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 $1,993. That's $2.36 price per sqft.

  • There are currently a total of 2 two bedroom listings. The median price for these types of listings is $2,545. That's $1.93 price per sqft.

  • There are currently a total of 6 three bedroom listings. The median price for these types of listings is $2,900. That's $1.78 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
200 Olde Towne 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
$1,993
1BR Median Rent
$2,545
2BR Median Rent
$2,900
3BR Median Rent
PUBLIC TRANSIT
59
W DIAMOND AVE & FULKS CORNER AVE (Under 500 ft - 3 min walk)
Montgomery County MD Ride On
57
RUSSELL AVE & DIAMOND AVE (Under 500 ft - 3 min walk)
Montgomery County MD Ride On
59
55
S FREDERICK AVE & FULKS CORNER AVE (Under 500 ft - 3 min walk)
Montgomery County MD Ride On
57
E DIAMOND AVE & PARK AVE (Under 500 ft - 3 min walk)
Montgomery County MD Ride On
57
RUSSELL AVE & DIAMOND AVE (Under 500 ft - 3 min walk)
Montgomery County MD Ride On

Nearby Schools

(within attendance boundary)
Rosemont Elementary  •  1.23 mi
16400 Alden Ave, Gaithersburg, MD 20877
Public  •  Elementary  •  Grades PK to 5
Montgomery County Public Schools
Forest Oak Middle  •  1.06 mi
651 Saybrooke Oaks Blvd, Gaithersburg, MD 20877
Public  •  Middle School  •  Grades 6 to 8
Montgomery County Public Schools
Gaithersburg High  •  0.42 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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