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Under contract
  • $800,000

    7317 Olive Tree Ct, Gaithersburg, MD 20879

    4beds
    3,084sqft
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    Single Family Residence
    Built in 1994
    2.05 Acres Lot
    $815,600 Zestimate®
    $259/sqft
    $36/mo HOA

    What's special

    Spacious open-concept designSurrounded by mature treesVaulted ceilingsQuiet cul-de-sac
    Nestled on a private 2.05-acre lot at the end of a quiet cul-de-sac, this custom-built estate offers a rare opportunity to create your dream home in an exceptional setting. Surrounded by mature trees and set well back from the road, the property provides a peaceful retreat with the convenience of nearby shopping, dining, parks, and major commuter routes. The main level features a spacious open-concept design highlighted by a dramatic family room with a fireplace and vaulted ceilings that flows seamlessly into the kitchen, creating an ideal space for everyday living and entertaining. Just beyond, a beautiful sunroom offers panoramic views of the surrounding property and fills the home with natural light throughout the year. The generous primary suite provides a comfortable private retreat with ample space to create a luxurious owner’s sanctuary. Additional bedrooms and living areas offer flexibility for family, guests, home offices, or hobby spaces. The finished lower level includes a private in-law suite with a separate entrance complete with its own kitchenette, full bathroom, fireplace, and separate living area—perfect for multigenerational living, extended guests, or potential rental opportunities. Situated on more than two acres, the property offers endless possibilities for outdoor enjoyment, gardening, recreation, or future enhancements. While the home would benefit from cosmetic updates and renovation work, it presents an outstanding opportunity for buyers to add their own style and build equity in a truly special setting. Properties offering this combination of acreage, privacy, flexible living space, and potential are increasingly hard to find. Bring your vision and transform this hidden gem into the estate you’ve always imagined.
    25 days
    |
    914
    |
    36
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Simon Timm 646-639-5563,

    Coldwell Banker Realty - Washington 2023876180

    Source: Bright MLS,MLS#: MDMC2240246MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      Basement
      • Area: 1932
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air, Natural Gas
      Appliances
      • Included: Electric Water Heater
      Features
      • Basement: Finished
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 5,016
      • Total interior livable area: 3,084 sqft
      • Finished area above ground: 3,084
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Faces Side, Attached
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Pool features: None
      Lot
      • Size: 2.05 Acres
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 160102957666
      • Zoning: RE1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Stone
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1994

      Utilities & green energy

      • Sewer: On Site Septic
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Brookefield
      HOA
      • Has HOA: Yes
      • HOA fee: $427 annually
      Location
      • Region: Gaithersburg

      Financial & listing details

      • Price per square foot: $259/sqft
      • Tax assessed value: $932,600
      • Annual tax amount: $10,513
      • Date on market: 6/12/2026
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Fee Simple

        Estimated market value

        $815,600

        $775,000 - $856,000

        $4,305/mo

        Price history

        DateEventPrice
        6/19/2026Contingent$800,000$259/sqft
        Source: Bright MLS #MDMC2240246 Report a problem
        6/12/2026Listed for sale$800,000+93.6%$259/sqft
        Source: Bright MLS #MDMC2240246 Report a problem
        5/6/1994Sold$413,235$134/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,309 +7.8%$841,233 +12.2%
        2024$8,632 +13.8%$749,867 +13.9%
        2023$7,587 +6.7%$658,500 +2.2%
        2022$7,109 +2.4%$644,200 +2.3%
        2021$6,945 +2.3%$629,900 +2.3%
        2020$6,791 +0%$615,600
        2019$6,788 -0.2%$615,600
        2018$6,801 -7.6%$615,600 -5.1%
        2017$7,359 -2%$648,900 +4%
        2016$7,513 $624,000 +4.2%
        2015$7,513 $599,100 +4.3%
        2014$7,513 $574,200
        2013-- $574,200
        2012-- $574,200 -16.8%
        2011-- $689,890
        2010-- $689,890
        2009-- $689,890 -20.9%
        2008-- $872,530 +17.9%
        2007-- $739,812 +21.9%
        2006-- $607,096 +28%
        2005-- $474,380 +9.9%
        2004-- $431,542
        2003-- $431,542 +24.8%
        2002-- $345,870
        2001-- $345,870

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 20879

        Getting around

        11 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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.

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