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603 Gatestone St, Gaithersburg, MD, 20878

4beds
4baths
2,300sqft
$885,000
$385price/sqft
$5,940/moest. monthly cost
$237,600/yrincome needed

About This Home

Four Levels of Light in the Heart of the Lakelands. Some homes you have to imagine yourself into. This one does the work for you. Welcome to 603 Gatestone Street, a brick end-unit Fairmont model — one of the largest and most versatile floor plans the Lakelands has to offer — with roughly 2,300 square feet above grade spread across four finished levels, four bedrooms, three full baths, and a powder room. Being an end unit means windows on three sides, and the difference is immediate: this is a light, bright, sunny home from the moment you step through the door, with sunshine that follows you from room to room as the day moves. The main level is made for real life and real gatherings — an open, easy flow from living to dining to a kitchen that opens directly onto the deck, so grilling, morning coffee, and summer evenings are a few steps away rather than a production. The deck surface is brand new, ready for its first season of use. The entire house has been repainted. There is brand-new carpet underfoot and refinished hardwood flooring, which means no punch list, no weekend projects, no compromises. The primary suite offers the private retreat you'd expect, while the two south-facing bedrooms are generous, well-closeted, and bright. The entry-level bedroom with ensuite bathroom offers versatility as a nanny suite, in-law suite, or home office. And crowning it all is the loft — that rare fourth-level bonus space that becomes whatever you need it to be: a second home office, a media lounge, a playroom, a hobby space, a gym. It's the kind of flexibility buyers search for and rarely find. A two-car garage adds parking, storage, and everyday convenience. Then there's the neighborhood, which is really the whole point. Lakelands is one of Montgomery County's most celebrated neo-traditional communities, where tree-lined sidewalks lead to shops, restaurants, and errands without ever getting in the car. Residents enjoy pools, tennis and pickleball courts, a fitness center, clubhouse, playgrounds, walking trails, and the lakes and greens that give the neighborhood its name — with Kentlands Market Square, Whole Foods, and the town center's dining and shopping just around the corner, and easy access to I-270, Great Seneca Highway, Crown, Rio, and Downtown D.C. Four levels, four bedrooms, three and a half baths, an end-unit's light, and a move-in-ready finish, in a neighborhood built for the way people actually want to live. Homes like this don't sit.

Getting Around

92
WalkingWalker's Paradise
36
TransitSome Transit
65
BikeBikeable

Schools

7/10
6/10
8/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 2000

Materials

  • Foundation: Slab
  • Construction materials: Brick

Other

  • Builder model: Fairmont w/ Loft

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Microwave,Oven,Refrigerator,Ice Maker,Dishwasher,Disposal,Cooktop,Washer,Dryer,Gas Water Heater
  • Laundry features: Lower Level

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Bathroom - Walk-In Shower,Soaking Tub,Ceiling Fan(s),Crown Molding,Entry Level Bedroom,Open Floorplan,Kitchen Island,Eat-in Kitchen,Upgraded Countertops,Walk-In Closet(s),Wainscotting,Built-in Features,Recessed Lighting,Cathedral Ceiling(s),9'+ Ceilings
  • Flooring: Carpet,Hardwood
  • Finished area below ground: 0
  • Finished area above ground: 2,300

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 2,300
  • Total interior livable area: 2,300 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 160903239544
  • Zoning: MXD
  • Special condition: Standard

Features

  • Levels: Four
  • Stories: 4
  • Pool features: Community
  • Patio & porch: Deck
  • Exterior features: Sidewalks

Lot

  • Lot size: 1,449 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear,Garage Door Opener,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
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 $4,475$53,700
Home Insurance *$172$2,064
Property Taxes $1,000$12,000
Electricity $293$3,516
Total$5,940$71,280
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$203,657/yr
40% on housing$178,200/yr
45% on housing$158,400/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

$385This 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
2019-05-19Listing removed$3,150
2019-05-15Listed for rent$3,150
2018-01-17Sold$490,000
2012-08-28Sold$490,000
2012-01-19Pending sale$469,900
2012-01-07Price change$469,900
2011-12-10Listed for sale$484,900
2010-11-20Listing removed$535,000
2010-07-02Listed for sale$535,000
2005-06-24Sold$580,000
2000-11-14Sold$273,000
2000-05-30Sold$350,000

Coming Soon

AgentCharles Sullivan
BrokerageCabell Reid, LLC

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