Welcome to this beautifully updated 2-bedroom, 2-bath condominium in the highly desirable Park Summit community of Gaithersburg. Offering approximately 964 square feet of thoughtfully designed living space, this home combines comfort, convenience, and low-maintenance living. Step inside to a bright and inviting open floor plan featuring spacious living and dining areas that are perfect for relaxing or entertaining. The kitchen flows seamlessly into the main living space, while the two generously sized bedrooms are thoughtfully positioned for added privacy. The primary suite features its own full bathroom and ample closet space, while the second bedroom and full bath provide flexibility for guests, a home office, or roommates. Enjoy the convenience of being just minutes from Rio Lakefront, Downtown Crown, Kentlands, shopping, restaurants, parks, and major commuter routes including I-270 and the ICC. Whether you're commuting, dining out, or enjoying everything Montgomery County has to offer, you'll love this central location.
For sale
$275,000
301 Palmspring Dr APT 3-4, Gaithersburg, MD 20878
2beds
964sqft
Condominium
Built in 1987
-- sqft lot
$-- Zestimate®
$285/sqft
$480/mo HOA
What's special
- 35 days
- 104
- 6
Zillow last checked:
Listing updated:
Listed by:
Jonathan Layne 301-778-4683,
Compass (240) 219-2422,
Listing Team: Layne Residential Group Of Compass
Source: Bright MLS,MLS#: MDMC2245922
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1
Primary bedroom
- Level: Main
Bedroom 1
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater
- Laundry: In Unit
Features
- Breakfast Area, Primary Bath(s), Upgraded Countertops, Other
- Windows: Window Treatments
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 964
- Total interior livable area: 964 sqft
- Finished area above ground: 964
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 160902714104
- Zoning: R20
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Cottage
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
Condition
- New construction: No
- Year built: 1987
- Major remodel year: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Condo and coop fee: $480 monthly
- Subdivision: Park Summit Codm
HOA
- Has HOA: No
- Amenities included: Pool, Tennis Court(s), Tot Lots/Playground, Common Grounds
- Services included: Maintenance Structure, Management, Insurance, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water
Location
- Region: Gaithersburg
- Municipality: City of Gaithersburg
Financial & listing details
- Price per square foot: $285/sqft
- Tax assessed value: $215,000
- Annual tax amount: $2,743
- Date on market: 8/5/2026
- Listing agreement: Exclusive Agency
- Listing terms: VA Loan,Cash,FHA
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
$1,979/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $275,000+13.4%$285/sqft |
Source:  Bright MLS #MDMC2245922 Report a problem | ||
| 11/8/2005 | Sold | $242,500+28.3%$252/sqft |
Source: Public Record Report a problem | ||
| 4/29/2005 | Sold | $189,000+152%$196/sqft |
Source: Public Record Report a problem | ||
| 1/23/1997 | Sold | $75,000$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,051 -19.2% | $205,000 +5.1% |
| 2024 | $2,538 +5.9% | $195,000 +5.4% |
| 2023 | $2,397 +7.7% | $185,000 +4.7% |
| 2022 | $2,225 +4.5% | $176,667 +5% |
| 2021 | $2,130 +5.5% | $168,333 +5.2% |
| 2020 | $2,019 -0.3% | $160,000 |
| 2019 | $2,025 -0.6% | $160,000 |
| 2018 | $2,036 -14.5% | $160,000 -11.1% |
| 2017 | $2,383 +50.4% | $180,000 +5.9% |
| 2016 | $1,585 | $170,000 +6.3% |
| 2015 | $1,585 | $160,000 +6.7% |
| 2014 | $1,585 | $150,000 |
| 2013 | -- | $150,000 |
| 2012 | -- | $150,000 -16.7% |
| 2011 | -- | $180,000 |
| 2010 | -- | $180,000 |
| 2009 | -- | $180,000 -21.7% |
| 2008 | -- | $230,000 +25.2% |
| 2007 | -- | $183,666 +33.7% |
| 2006 | -- | $137,333 +50.9% |
| 2005 | -- | $91,000 +7.1% |
| 2004 | -- | $85,000 |
| 2003 | -- | $85,000 +16.4% |
| 2002 | -- | $73,000 |
| 2001 | -- | $73,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 20878
Nearby schools
Schools provided by the listing agent
- Elementary: Fields Road
- Middle: Ridgeview
- High: Quince Orchard
- District: Montgomery County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $270,0002 bd1 ba964 sqft301 Palmspring Dr APT 2-4, Gaithersburg, MD 20878Sold
- $225,0002 bd1 ba964 sqft301 Palmspring Dr APT 7, Gaithersburg, MD 20878Foreclosure
- $245,0002 bd1 ba864 sqft301 Palmspring Dr APT 12, Gaithersburg, MD 20878Sold
- $241,4002 bd1 ba900 sqft301 Palmspring Dr APT 1, Gaithersburg, MD 20878Off Market
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