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sales rep | Brivity IDX

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403 E Diamond Ave , Gaithersburg, MD 20877
$690,840
Est. Payment: $3,676.94/mo
3 Bed
2 Bath
2652 Sqft
0.25 Acres
Status: active | Days on site: 16
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SELLYHS - 3233358
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House Description

Back on the market due to buyer’s financial situation. Accepting offers. PRIME OLDE TOWNE GAITHERSBURG – INVESTMENT & REDEVELOPMENT OPPORTUNITY! Excellent opportunity in the heart of Historic Olde Towne! Located at 403 E Diamond Ave, this two-story residential/commercial property features 3 bedrooms, 2 bathrooms, a den, living room, and approximately 6 parking spaces. Property requires complete renovation and is sold STRICTLY AS-IS. REDEVELOPMENT POTENTIAL! According to the seller, the Historic Preservation Board determined that the building is not historically protected and that demolition is at the owner’s discretion, subject to applicable City requirements and permits. Prime location within walking distance of restaurants, shops, Olde Towne Plaza, and the MARC train station. The City has identified Olde Towne for revitalization and streetscape improvements, adding to the area’s appeal. IMPORTANT: Buyer is responsible for all due diligence and must independently verify zoning, permitted residential/commercial uses, parking, Historic Preservation Board findings, demolition requirements, and redevelopment possibilities directly with the City of Gaithersburg. All uses and improvements are subject to required approvals. Information is deemed reliable but not guaranteed. PHOTO DISCLOSURE: Photos include actual property conditions and digitally enhanced renderings showing potential improvements such as painting, new windows, and lighting. Images are presented back-to-back for comparison. Renderings are illustrative only and do not reflect current conditions. BRING YOUR VISION AND EXPLORE THE POSSIBILITIES!

Highlights

Listed by Daniel J. Demers , 8882193009 Sell Your Home Services , 8882193009. Bright MLS

Property Type

Residential

Lot/Acreage
0.25

Year Built

1899

County

Montgomery

Neighborhood

Deer Park

School District

Montgomery County Public Schools

Listing ID

MDMC2261366

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Above Ground Sq Ft:2652
Other:
  • ▪ Main Floor Bedrooms:3
  • ▪ Additional:No Pet Restrictions, Pets Allowed
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:CBD
Sewer:Public Septic,Public Sewer
Parking Features:Asphalt Driveway,Off Site,Parking Lot
Principal Interest
$3,677
Taxes
$784

Home Price

$690,840

Loan Details

30 yrs
7%

Down Payment

20%
$138,168
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,676.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,676.94 $784.08 $0.00 $4,461.02
Yearly $44,123.29 $9,409.00 $0.00 $53,532.29
Total $1,323,698.62 $282,270.00 $0.00 $1,605,968.62
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Gaithersburg, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS