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12201 Horse Center Rd, Gaithersburg, MD, 20878

3beds
2baths
1,938sqft
$745,000
$384price/sqft
$4,898/moest. monthly cost
$195,920/yrincome needed

About This Home

Discover the perfect blend of comfort, style, and modern living in this beautifully renovated split-level home, ideally situated in the sought after Mills Farm subdivision. Thoughtfully updated with a stunning kitchen and main living area renovation in 2017, this home offers an inviting living space designed for both everyday living and effortless entertaining. Step inside to an open-concept floor plan where the kitchen, dining, and living areas flow seamlessly together. The beautifully appointed kitchen is the heart of the home, featuring a spacious center island, sleek cooktop, oven, dishwasher, disposal, and plenty of workspace for cooking and gathering. Just off the main living area, an expansive deck extends your living space outdoors—perfect for morning coffee, summer barbecues, or relaxing evenings. The home offers three generously sized bedrooms and two full bathrooms, providing comfortable accommodations for family and guests. The fully finished lower level adds valuable living space with large windows, a separate exterior entrance, and a charming brick fireplace that creates a warm and welcoming atmosphere. Whether you envision a family room, home office, playroom, or media space, this versatile area can easily adapt to your needs. A conveniently located lower-level laundry room adds to the home's everyday functionality. Situated on a spacious half-acre corner lot, the property features an open backyard with plenty of room for outdoor entertaining, gardening, recreation, or simply enjoying the peaceful surroundings. Two storage sheds provide additional space for lawn equipment, tools, and seasonal items. Offering the tranquility of suburban living while remaining just minutes from parks, schools, shopping, dining, and other local conveniences, this exceptional home combines thoughtful updates, versatile living spaces, and an unbeatable location. Don't miss your opportunity to make this beautiful Mills Farm home your own!

Getting Around

8
WalkingCar-Dependent
0
TransitNo Nearby Transit
17
BikeSomewhat Bikeable

Schools

5/10
6/10
Ridgeview Middle SchoolGrades 6-82.1 mi
8/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1982

Materials

  • Foundation: Other
  • Roof: Architectural Shingle
  • Construction materials: Frame

Notable Dates

  • Major remodel year: 2017

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Washer,Water Heater,Cooktop,Oven,Stainless Steel Appliance(s),Electric Water Heater
  • Laundry features: Lower Level

Basement

  • Area: 648

Basement

  • Has basement: Yes
  • Basement: Partial,Windows,Finished,Exterior Entry,Side Entrance

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Breakfast Area,Combination Kitchen/Living,Dining Area,Open Floorplan
  • Flooring: Hardwood,Carpet,Wood
  • Number of fireplaces: 1
  • Fireplace features: Brick
  • Fireplace: Yes
  • Finished area below ground: 648
  • Finished area above ground: 1,290

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,938
  • Total interior livable area: 1,938 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 160602323574
  • Zoning: R200
  • Special condition: Standard

Features

  • Levels: Multi/Split,Three
  • Stories: 3
  • Pool features: None
  • Patio & porch: Deck,Patio
  • Has view: Yes
  • View description: Street

Lot

  • Lot size: 0.50 Acres
  • Features: Open Lot,Corner Lot,Suburban

Parking

  • Total spaces: 4
  • Parking features: Asphalt,Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Winter Weather

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,767$45,204
Home Insurance *$145$1,740
Property Taxes $705$8,460
Electricity $281$3,374
Total$4,898$58,776
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$167,931/yr
40% on housing$146,940/yr
45% on housing$130,613/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$384This listing

vs Other Active Listings

Avg $/sqft

ZIP 20878$267
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20878$289
Montgomery County$318

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-11Price change$735,000
2026-07-16Listed for sale$745,000

For Sale by Agent

AgentShannon Grant
BrokerageRLAH @properties

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