NOT LISTED FOR SALE

Silverton Condominiums 1201 E West Hwy Unit 424 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $293,000 - $336,792

2 Beds
1 Bath
994 Sq Ft
$624/mo HOA Fee

Last Sold December 22, 2023

Last sale price $278,660 $280 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,492/month

12 Days on Market

Highlights

  • Fitness Center
  • Penthouse
  • Contemporary Architecture
  • Sligo Creek Elementary School Rated A
  • Open Floorplan
  • Community Pool

About This Home

As of December 2023

Live in the heart of Downtown Silver Spring at the Silverton Condominium. This bright and light freshly painted unit has two bedrooms and one full bath, Primary bedroom has walk-in closet and its own access to the full bathroom. New LVT in bedrooms, living room and dining area. Sliding glass doors lead to a balcony which overlooks the courtyard., The Silverton is a pet-friendly building with on-site managers. Residents enjoy access to the building's fitness center, outdoor pool, party room, and dog run. The building's prime location has all your city living needs Metro within walking distance, close to Marc train, restaurants, shops, and entertainment. The soon to be -completed Metro purple line will make this condo an even more desirable place to live. Property is AS IS
This is an MPDU but THE ELIGIBLE INCOME LIMIT HAS BEEN REMOVED. Prospective purchasers should understand that they will be bound by all rules of the MPDU purchase program after taking ownership including, but not limited to, the thirty (30) year resale price control period, and the shared profit requirement. The purchaser must sign an MPDU Purchaser’s Agreement and agree to abide by the program rules. PURCHASER NEEDS TO BE A FIRST TIME HOMEBUYER.

Last Agent to Sell the Property

Meaghan Miller

(301) 908-2759 realmegmiller@gmail.com Long & Foster Real Estate, Inc. License #666456 Listed on: 11/16/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jack Wang

(240) 731-9919 jack@rlathome.com RLAH @properties

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,225

Year Built

  • Built in 2006

HOA Fees

  • $624 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Penthouse
  • Contemporary Architecture
  • Entry on the 4th floor
  • Brick Exterior Construction

Interior Spaces

  • 994 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 161303539822

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s), reserve funds, snow removal, water
  • Low-Rise Condominium
  • Silverton Codm Community
  • Silverton Codm Subdivision
  • Property Manager

Amenities

  • Common Area
  • Party Room
  • 2 Elevators

Recreation

  • Dog Park

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,225

Year Built

Built in 2006

Lot Details

0

HOA Fees

$624 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-11-17
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 4
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Walk-In Closet(s)
  • Fireplace: No
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Hookup
  • Total Sq Ft: 994
  • Living Area Sq Ft: 994
  • Price Per Sq Ft: 280.34
  • Above Grade Finished Sq Ft: 994
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Brick, 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: On Street

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 624.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Dog Park, Elevator, Fitness Center, Party Room, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s), Reserve Funds, Snow Removal, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: CBD2
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 2225.00
  • Assessor Parcel Number: 161303539822
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Dec 22, 2023
Sold by
Lievano Kathryn
Bought by
Knazik Natalie
Seller's Agent
Meaghan Miller
Long & Foster Real Estate, Inc.
Buyer's Agent
Jack Wang
RLAH @properties
List Price
$278,660
Sold Price
$278,660
Views
163
Current Estimated Value
$315,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,038
Avg. Annual Appreciation
6.57%
Original Mortgage
$208,995
Outstanding Balance
$205,486
Interest Rate
7.44%
Mortgage Type
FHA
Estimated Equity
$110,212

Purchase Details

Closed on
Aug 8, 2006
Sold by
Silver Spring Square Llc
Bought by
Mwamikazi Odette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2006
Sold by
Silver Spring Square Llc
Bought by
Mwamikazi Odette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knazik Natalie $278,660 Fidelity National Title
Knazik Natalie $278,660 Fidelity National Title
Mwamikazi Odette $177,814 --
Mwamikazi Odette $177,814 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knazik Natalie $208,995
Closed Knazik Natalie $208,995
Previous Owner Mwamikazi Odette $168,900
Previous Owner Mwamikazi Odette $168,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2023 12/22/23 Sold $278,660 0.0% $280 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $278,660 -- $280 / 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 $2,559 $233,333 -- --
2024 $2,559 $215,000 $64,500 $150,500
2023 $1,746 $205,000 $0 $0
2022 $1,572 $195,000 $0 $0
2021 $1,417 $185,000 $55,500 $129,500
2020 $2,601 $185,000 $55,500 $129,500
2019 $1,416 $185,000 $55,500 $129,500
2018 $1,758 $215,000 $30,000 $185,000
2017 $1,777 $211,667 $0 $0
2016 -- $208,333 $0 $0
2015 $1,573 $205,000 $0 $0
2014 $1,573 $196,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Meaghan Miller

    Seller's Agent in 2023

    Meaghan Miller

    Long & Foster

    (301) 908-2759

    1 in this area

    108 Total Sales

    Meaghan Miller
    Section Image
  • Jack Wang

    Buyer's Agent in 2023

    Jack Wang

    Real Living at Home

    (240) 731-9919

    2 in this area

    156 Total Sales

    Jack Wang
    Section Image
See All Agents

About Silverton Condominiums

Map

Source: Bright MLS

MLS Number: MDMC2113228

Bright MLS

APN: 13-03539822

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1201 E West Hwy Unit 424, Silver Spring, MD

Not Listed for Sale

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