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Sold for $790,000
  • $790,000

    7317 Olive Tree Ct, Gaithersburg, MD 20879

    4beds
    3,084sqft
    Single Family Residence
    Built in 1994
    2.05 Acres Lot
    $787,300 Zestimate®
    $256/sqft
    $4,130 Estimated rent

    Home value

    $787,300

    Estimated sales range

    Not available

    $4,130/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Simon Timm 646-639-5563,

    Coldwell Banker Realty - Washington

    Bought with:

    Agne Salgado, SP200203446

    Redfin Corp

    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: $256/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

    Price history

    DateEventPrice
    7/17/2026Sold$790,000-1.3%$256/sqft
    Source: Bright MLS #MDMC2240246 Report a problem
    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

    Neighborhood: 20879

    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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    Estimated market value
    $787,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $787,300