NOT LISTED FOR SALE

University Towers 1121 University Blvd W Unit 504 Silver Spring, MD 20902

Estimated Value: $202,000 - $224,000

2 Beds
2 Baths
1,020 Sq Ft
$809/mo HOA Fee

Last Sold October 27, 2021

Last sale price $192,000 $188 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,116/month

4 Days on Market

Highlights

  • Concierge
  • Community Pool
  • Stainless Steel Appliances
  • Traditional Architecture
  • Party Room
  • Intercom

About This Home

As of October 2021

***Updated Unit with a Garage*** This spacious condo in sought after University Towers features 2 bedrooms 2 baths, a large family room with lots of natural light. The updated kitchen has stainless steel appliances. Flooring, Windows, and bathrooms have also been updated. Large Closets with extra storage space located in the building. Relax and enjoy the view on the balcony. No need to search for parking because this unit comes with garage parking. Amenities include an outdoor pool, new tennis courts, party room, laundry room and a 24 hour concierge. All utilities are included in the condo fee. Close to parks, shopping and public transportation. The perfect place to call home.

Last Agent to Sell the Property

Kerry Watson

Coldwell Banker Platinum One Listed on: 09/23/2021

Coldwell Banker Platinum One

Last Buyer's Agent

Donna Beausoleil

Samson Properties License #SP98360011

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1967 | Remodeled in 2019

Lot Details

  • 1,089

HOA Fees

  • $809 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Basement Garage
  • Garage Door Opener
  • Parking Lot
  • Parking Permit Included

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,020 Sq Ft Home
  • Property has 1 Level
  • Stainless Steel Appliances
  • Laundry on lower level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

  • Intercom
  • Monitored

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161302250067

Community Details

Overview

  • Association fees include common area maintenance, electricity, gas, heat, insurance, lawn maintenance, reserve funds, sewer, trash, water
  • High-Rise Condominium
  • University Towers Condos
  • University Tower Community
  • University Towers Codm Subdivision

Amenities

  • Concierge
  • Party Room
  • Laundry Facilities

Recreation

  • Tennis Courts

Pet Policy

  • No Pets Allowed

Security

  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,380

Year Built

Built in 1967 | Remodeled in 2019

Lot Details

0

HOA Fees

$809 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1967
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Remarks Public: ***Updated Unit with a Garage*** This spacious condo in sought after University Towers features 2 bedrooms 2 baths, a large family room with lots of natural light. The updated kitchen has stainless steel appliances. Flooring, Windows, and bathrooms have also been updated. Large Closets with extra storage space located in the building. Relax and enjoy the view on the balcony. No need to search for parking because this unit comes with garage parking. Amenities include an outdoor pool, new tennis courts, party room, laundry room and a 24 hour concierge. All utilities are included in the condo fee. Close to parks, shopping and public transportation. The perfect place to call home.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Stainless Steel Appliances
  • Entry Floor: 5
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 1020
  • Living Area Sq Ft: 1020
  • Price Per Sq Ft: 195.10
  • Above Grade Finished Sq Ft: 1020
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1121

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Tennis Court(s)
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Parking Features: Permit Included
  • Garage Features: Basement Garage, Garage Door Opener
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage, Parking Lot
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 20.32
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Main Entrance Lock, Intercom, Monitored
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Electric Available
  • Water Source: Public
  • Internet Services: Broadband, Cable, DSL, Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 809.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: University Towers
  • HOA Condo Co-Op Amenities: Party Room, Pool - Outdoor, Tennis Courts, Laundry Facilities, Elevator, Concierge
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Electricity, Gas, Heat, Insurance, Lawn Maintenance, Reserve Funds, Sewer, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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: 94500.00
  • Land Assessed Value: 40500.00
  • Land Use Code: 011
  • Year Assessed: 2021
  • Zoning: RH
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14057213
  • Tax Annual Amount: 1380.00
  • Assessor Parcel Number: 161302250067
  • Tax Total Finished Sq Ft: 1020
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/27/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Oct 27, 2021
Sold by
Merino Elmer U and Merino Iris
Bought by
Seiler Miriam
Seller's Agent
Kerry Watson
Coldwell Banker Platinum One
Buyer's Agent
Donna Beausoleil
Samson Properties
List Price
$199,000
Sold Price
$192,000
Premium/Discount to List
-$7,000
-3.52%
Current Estimated Value
$212,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,180
Avg. Annual Appreciation
2.63%
Original Mortgage
$153,600
Outstanding Balance
$140,831
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$71,349

Purchase Details

Closed on
Jun 22, 2007
Sold by
Harrison Nathan L
Bought by
Merino Elmer U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2007
Sold by
Harrison Nathan L
Bought by
Merino Elmer U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2007
Sold by
Harrison Nathan L
Bought by
Harrison Nathan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,900
Interest Rate
6.33%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 2, 2006
Sold by
Harrison Nathan L
Bought by
Harrison Nathan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,900
Interest Rate
6.33%
Mortgage Type
Stand Alone Second
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
Seiler Miriam $192,000 Cal Settlements Llc
Merino Elmer U $175,000 --
Merino Elmer U $175,000 --
Harrison Nathan L -- --
Harrison Nathan L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seiler Miriam $153,600
Previous Owner Merino Elmer $182,750
Previous Owner Merino Elmer U $175,000
Previous Owner Merino Elmer U $175,000
Previous Owner Harrison Nathan L $28,900
Previous Owner Harrison Nathan L $28,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2021 10/27/21 Sold $192,000 -3.5% $188 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $199,000 -- $195 / 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 $1,832 $173,333 -- --
2024 $1,832 $155,000 $46,500 $108,500
2023 $1,062 $148,333 $0 $0
2022 $1,607 $141,667 $0 $0
2021 $1,677 $135,000 $40,500 $94,500
2020 $2,911 $128,333 $0 $0
2019 $1,377 $121,667 $0 $0
2018 $1,270 $115,000 $34,500 $80,500
2017 $514 $108,333 $0 $0
2016 $782 $101,667 $0 $0
2015 $782 $95,000 $0 $0
2014 $782 $95,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2017326

Bright MLS

APN: 13-02250067