NOT LISTED FOR SALE

University Towers 1121 University Blvd W Unit 314 Silver Spring, MD 20902

Estimated Value: $160,000 - $171,000

1 Bed
1 Bath
772 Sq Ft
$560/mo HOA Fee

Last Sold February 17, 2021

Last sale price $140,000 $181 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,596/month

1 Day on Market

Highlights

  • Contemporary Architecture
  • Tennis Courts
  • Living Room
  • Community Pool
  • Party Room
  • Central Air

About This Home

As of February 2021

!!!Open house cancelled!!! Welcome to unit 314, in building 1121 of the popular and desirable University Towers! This 1 bedroom, 1 bathroom unit has updated hardwood floors in the living spaces, updated cabinets and stainless steel appliances. The large bedroom has two closets, with one being a walk in. The University Towers offers plenty of parking, an outdoor pool, tennis courts & 2 party rooms. The amenity-full building offers a 7-days a week concierge desk and a large laundry facility. THE CONDO FEE COVERS THE AMENITIES AND INCLUDES ALL UTILITIES! Highly desired location in Amenity-Full building; This location is near multiple parks, shopping centers and malls, and is a commuters dream with access to ride-on buses and the red line Wheaton metro station.

Last Agent to Sell the Property

Andres Serafini

Realty of America LLC License #SP98374775 Listed on: 01/14/2021

Realty of America LLC

Co-Listed By

Daniel Kotz

Douglas Elliman of Metro DC, LLC - Bethesda License #Sp200202641

Last Buyer's Agent

Barbara Ciment

Perennial Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1967

Lot Details

  • 784

HOA Fees

  • $560 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture

Interior Spaces

  • 772 Sq Ft Home
  • Property has 1 Level
  • Living Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Air
  • Wall Furnace
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161302249786

Community Details

Overview

  • Association fees include air conditioning, custodial services maintenance, electricity, exterior building maintenance, gas, heat, insurance, lawn maintenance, management, reserve funds, pool(s), sewer, snow removal, trash, water
  • High-Rise Condominium
  • University Towers Condos
  • University Tower Community
  • University Towers Codm Subdivision

Amenities

  • Party Room
  • Laundry Facilities

Recreation

  • Tennis Courts

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,031

Year Built

Built in 1967

Lot Details

0

HOA Fees

$560 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-01-14
  • Year Built: 1967
  • Automatically Close On Close Date: No
  • Remarks Public: !!!Open house cancelled!!! Welcome to unit 314, in building 1121 of the popular and desirable University Towers! This 1 bedroom, 1 bathroom unit has updated hardwood floors in the living spaces, updated cabinets and stainless steel appliances. The large bedroom has two closets, with one being a walk in. The University Towers offers plenty of parking, an outdoor pool, tennis courts & 2 party rooms. The amenity-full building offers a 7-days a week concierge desk and a large laundry facility. THE CONDO FEE COVERS THE AMENITIES AND INCLUDES ALL UTILITIES! Highly desired location in Amenity-Full building; This location is near multiple parks, shopping centers and malls, and is a commuters dream with access to ride-on buses and the red line Wheaton metro station.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Room List: Living Room, Kitchen
  • Basement: No
  • Total Sq Ft: 772
  • Living Area Sq Ft: 772
  • Price Per Sq Ft: 174.74
  • Above Grade Finished Sq Ft: 772
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1121

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 20.32
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 560.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: University Towers
  • HOA Condo Co-Op Amenities: Laundry Facilities, Party Room, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Insurance, Lawn Maintenance, Management, Reserve Funds, Pool(s), Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 56000.00
  • Land Assessed Value: 24000.00
  • Land Use Code: 011
  • Year Assessed: 2020
  • Zoning: RH
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14057186
  • Tax Annual Amount: 1031.00
  • Assessor Parcel Number: 161302249786
  • Tax Total Finished Sq Ft: 772
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 02/17/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
Feb 16, 2021
Sold by
Bok Changhan and Kim Seojin
Bought by
Rapp Jerry A and Rapp Janette B
Seller's Agent
Andres Serafini
Realty of America LLC
Buyer's Agent
Barbara Ciment
Perennial Real Estate
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%
Current Estimated Value
$166,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,455
Avg. Annual Appreciation
3.54%

Purchase Details

Listed on
Jun 30, 2017
Closed on
Aug 2, 2017
Sold by
Fruiterman Judith Ann
Bought by
Bok Changhan and Kim Seojin
Seller's Agent
Stacey Sauter
Long & Foster Real Estate, Inc.
Buyer's Agent
Weiming Qi
Weichert, REALTORS
List Price
$115,000
Sold Price
$112,500
Premium/Discount to List
-$2,500
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%

Purchase Details

Listed on
Nov 22, 2016
Closed on
Mar 31, 2017
Sold by
Stampone Robert and Stampone Andreina
Bought by
Fruiterman Judith Ann
Seller's Agent
Leslie Whitten
Long & Foster Real Estate, Inc.
Buyer's Agent
Leslie Whitten
Long & Foster Real Estate, Inc.
List Price
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.11%
Original Mortgage
$90,250
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2012
Closed on
Sep 24, 2012
Sold by
Butler Sarah
Bought by
Stampone Andreina and Stampone Robert
Seller's Agent
Barbara Ciment
Perennial Real Estate
Buyer's Agent
Esther Whitten
Long & Foster Real Estate, Inc.
List Price
$79,900
Sold Price
$71,500
Premium/Discount to List
-$8,400
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rapp Jerry A $140,000 Certified Title Corporation
Bok Changhan $112,500 None Available
Fruiterman Judith Ann $95,000 Rgs Title Llc
Stampone Andreina $71,500 United Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fruiterman Judith Ann $90,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2021 02/17/21 Sold $140,000 +3.8% $181 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $134,900 +19.9% $175 / Sq Ft
08/04/2017 08/04/17 Sold $112,500 -2.2% $146 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $115,000 +21.1% $149 / Sq Ft
03/31/2017 03/31/17 Sold $95,000 0.0% $123 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
12/26/2016 12/26/16 Off Market $95,000 -- --
11/29/2016 11/29/16 For Sale $95,000 0.0% $123 / Sq Ft
11/22/2016 11/22/16 Off Market $95,000 -- --
11/22/2016 11/22/16 For Sale $95,000 +32.9% $123 / Sq Ft
09/24/2012 09/24/12 Sold $71,500 -10.5% $93 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
07/23/2012 07/23/12 For Sale $79,900 -- $103 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,544 $140,000 -- --
2024 $1,544 $130,000 $39,000 $91,000
2023 $1,466 $123,333 $0 $0
2022 $1,331 $116,667 $0 $0
2021 $1,048 $110,000 $33,000 $77,000
2020 $832 $100,000 $0 $0
2019 $634 $90,000 $0 $0
2018 $884 $80,000 $24,000 $56,000
2017 $188 $76,667 $0 $0
2016 $166 $73,333 $0 $0
2015 $166 $70,000 $0 $0
2014 $166 $70,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC739396

Bright MLS

APN: 13-02249786