240 Main St, Gaithersburg — tax account 160903223743
Apartments built in 1999, 2,880 ft² on 0.03 acres in Gaithersburg, Montgomery County, assessed at $1,166,900; last transfer July 14, 2025 for $1,225,000.
From the State Department of Assessments and Taxation file as published by the Maryland Department of Planning (MD iMAP) — not the official record. Open the official SDAT record.
Account
| Tax account number | 160903223743 |
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| Map, grid, parcel | Map FS12 · Block TT Lot 11 |
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| Location | 240 Main St, Gaithersburg MD 20878 |
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| Jurisdiction | Montgomery County |
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| Subdivision | Kentlands Midtown |
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| Plat | 20701 |
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Land
| Land use | Commercial (C) |
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| Zoning | MXD |
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| Acreage | 0.026 acres (1,133 ft²) |
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Structure
| Year built | 1999 |
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| Above-grade area | 2,880 ft² |
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| Style | OFFICE Office Building |
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| Building type | OFFICE Office Building |
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| Construction | Brick Veneer |
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| Quality grade | 6 (on a scale of 1 to 9) |
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| Stories | 3 |
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Assessment — September 2023
| Land | $293,500 |
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| Improvements | $873,400 |
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| Total | $1,166,900 |
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Last transfer
| Date | July 14, 2025 |
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| Consideration | $1,225,000 |
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| Deed reference | liber 67515, folio 0026 |
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What this means
- Maryland reassesses each property every three years; increases are phased in over the following three years, and the Homestead Tax Credit caps the yearly increase on a principal residence.
- Assessed 22% below the median commercial account in Montgomery County ($1,492,550, 3,736 accounts).
- The last transfer price is 5% above the current assessment.
Parcel point of the Maryland Department of Planning — not a survey.
Data: Maryland Department of Planning / SDAT, MD iMAP Parcel Points, retrieved November 1, 2026. Sources and freshness. No owner names or mailing addresses are published.
The report for account 160903223743
This page shows the assessment record. The report adds what lies around the property: FEMA flood zone, Critical Area designation, wetlands, contaminated land sites nearby and historic properties.
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