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8 Oak Ave, Gaithersburg, MD, 20877

4beds
2baths
1,044sqft
$514,900
$493price/sqft
$3,522/moest. monthly cost
$140,880/yrincome needed

About This Home

Location! Location! Location!.....Gorgeous Remodeled Rancher Close to Rte. 355 and I-270. Home Boasts Large Living Room, Walk Out Basement with a Bedroom and a Den/possible 4th Bedroom, 2 Fireplaces, House was Just Remodeled from Top to Bottom including a New Roof, New Exterior Siding, New Electrical, New Plumbing, New Furnace, New A/C, New Water Heater, New Windows, New Doors, New Flooring, New Kitchen Cabinets, Countertops, New Stainless Steel Appliances and Much More. Double Tiered Deck, Newly Tiled Front Porch, Great Rear Yard with a Detached Workshop that has Electric and Concrete Floors. - Great Property that is minutes from Highways, Shopping, Restaurants, Old Towne Gaithersburg, Montgomery County Fairgrounds, Public Transportation And Much More!

Getting Around

78
WalkingVery Walkable
53
TransitGood Transit
53
BikeBikeable

Schools

4/10
3/10
3/10
Gaithersburg High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: Excellent
  • Year built: 1967

Materials

  • Foundation: Permanent,Block
  • Construction materials: Frame

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch/Rambler
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Rear Entrance,Interior Entry,Walk-Out Access,Sump Pump

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Family Room

  • Features: Fireplace - Wood Burning
  • Level: Lower

Features

  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area above ground: 1,044

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,044
  • Total interior livable area: 1,044 sqft

Kitchen

  • Level: Main

Living Room

  • Features: Fireplace - Wood Burning
  • Level: Main

Storage Room

  • Level: Lower

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 160900842121
  • Zoning: R90
  • Special condition: Probate Listing

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck,Patio,Porch

Lot

  • Lot size: 9,148 sqft

Parking

  • Parking features: Driveway,Off Street
  • Has uncovered spaces: Yes

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

  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Hail
Heat Wave
Strong Wind

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 $2,603$31,236
Home Insurance *$133$1,596
Property Taxes $505$6,060
Electricity $281$3,374
Total$3,522$42,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,754/yr
40% on housing$105,660/yr
45% on housing$93,920/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

$493This listing

vs Other Active Listings

Avg $/sqft

ZIP 20877$208
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20877$245
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
1979-08-22Sold$72,500

Coming Soon

AgentBrosh Bosher
BrokerageSabra Realty, Inc.

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