NOT LISTED FOR SALE

University Towers 1121 University Blvd W Silver Spring, MD 20902

Estimated Value: $178,000 - $229,000

2 Beds
2 Baths
1,148 Sq Ft
$827/mo HOA Fee

Last Sold August 22, 2013

Last sale price $100,000 $87 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,136/month

32 Days on Market

Highlights

  • Concierge
  • Traditional Architecture
  • Combination Dining and Living Room
  • Traditional Floor Plan
  • Forced Air Heating and Cooling System
  • High-Rise Condominium

About This Home

As of August 2013

Bright 2 BR, 2 BA condo convenient to shops, restaurants and major commuter routes. Walk out to balcony and enjoy the view!

Last Agent to Sell the Property

Phil Chernitzer

REO Real Estate Listed on: 06/17/2013

Last Buyer's Agent

Kia Smith

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,541

Year Built

  • Built in 1982

Lot Details

  • 1,089

HOA Fees

  • $827 Monthly HOA Fees

Parking

  • Rented or Permit Required

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,148 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161302251164

Community Details

Overview

  • High-Rise Condominium
  • University Towers Community
  • University Towers Codm Subdivision
  • The community has rules related to alterations or architectural changes, moving in times

Amenities

  • Concierge

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,541

Year Built

Built in 1982

Lot Details

0

HOA Fees

$827 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1982
  • Remarks Public: Bright 2 BR, 2 BA condo convenient to shops, restaurants and major commuter routes. Walk out to balcony and enjoy the view!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Combination Dining/Living, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1148
  • Living Area Sq Ft: 1148
  • Price Per Sq Ft: 82.75
  • Above Grade Finished Sq Ft: 1148
  • 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
  • Construction Materials: Concrete
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required

Utilities

  • Refuse: 20.56
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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: 826.72
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge
  • HOA Condo Co-Op Rules: Moving In Times, Elevator Use, Alterations/Architectural Changes
  • HOA: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 66500.00
  • Land Assessed Value: 28500.00
  • Year Assessed: 2013
  • Zoning: RH

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14057320
  • Tax Annual Amount: 1541.15
  • Assessor Parcel Number: 161302251164
  • Tax Total Finished Sq Ft: 1148
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012
  • Close Date: 08/22/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2013
Closed on
Aug 22, 2013
Sold by
Federal National Mortgage Association
Bought by
Winston Zantisha
Seller's Agent
Phil Chernitzer
REO Real Estate
Buyer's Agent
Kia Smith
Coldwell Banker Realty
List Price
$95,000
Sold Price
$100,000
Premium/Discount to List
$5,000
5.26%
Current Estimated Value
$212,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,648
Avg. Annual Appreciation
6.93%
Original Mortgage
$98,188
Outstanding Balance
$73,058
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$150,986

Purchase Details

Closed on
Mar 19, 2013
Sold by
Lowenthal Leslie D and Estate Of Eli E Guss
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 22, 2009
Sold by
Guss Eli E
Bought by
Guss Eli E Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 5, 2008
Sold by
Guss Eli E Rev Trust
Bought by
Guss Eli E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 1, 2008
Sold by
Guss Eli E Rev Trust
Bought by
Guss Eli E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.6%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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
Winston Zantisha $100,000 Crown Title Corporation
Federal National Mortgage Association $189,203 None Available
Guss Eli E Revocable Trust -- --
Guss Eli E -- --
Guss Eli E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winston Zantisha $98,188
Previous Owner Guss Eli E $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2013 08/22/13 Sold $100,000 +5.3% $87 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $95,000 -- $83 / 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 $1,142 $141,667 $0 $0
2021 $1,677 $135,000 $40,500 $94,500
2020 $1,527 $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: 1003570080

Bright MLS

APN: 13-02251164