702 Market St E, Gaithersburg — tax account 160903297195
Townhouse built in 2001, 2,300 ft² on 0.04 acres in Gaithersburg, Montgomery County, assessed at $709,000; last transfer November 17, 2025 for $740,000.
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 | 160903297195 |
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| Map, grid, parcel | Map FS12 · Block L Lot 48 |
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| Location | 702 Market St E, Gaithersburg MD 20878 |
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| Jurisdiction | Montgomery County |
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| Subdivision | Lakelands |
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| Plat | 21439 |
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Land
| Land use | Residential (R) |
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| Zoning | MXD |
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| Acreage | 0.037 acres (1,612 ft²) |
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Structure
| Year built | 2001 |
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| Above-grade area | 2,300 ft² |
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| Style | Townhouse-End Unit 3 Story No Basement |
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| Building type | End Unit |
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| Construction | Siding |
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| Quality grade | 4 (on a scale of 1 to 9) |
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Assessment — November 2023
| Land | $305,000 |
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| Improvements | $404,000 |
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| Total | $709,000 |
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Last transfer
| Date | November 17, 2025 |
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| Consideration | $740,000 |
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| Deed reference | liber 61954, folio 0440 |
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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 14% above the median residential account in Montgomery County ($623,400, 248,486 accounts).
- The last transfer price is 4% 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 160903297195
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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