NOT LISTED FOR SALE

Estimated Value: $237,119 - $270,000

1 Bed
1 Bath
860 Sq Ft
$887/mo HOA Fee

Last Sold February 29, 2024

Last sale price $258,000 $300 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,475/month

7 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Elevator
  • Hayes Elementary School Rated 9+
  • Billiard Room
  • Brick Front

About This Home

As of February 2024

Don't miss out on this bright and spacious 1 bedroom, 1 bathroom unit in the heart of Downtown Silver Spring! Situated on the 14th floor with a private balcony, this home offers spectacular panoramic city views!

Inside, discover a blend of luxury and functionality with beautiful hardwood floors, fresh paint, stainless steel appliances, stylish lighting and an abundance of natural light throughout! The condo fee covers ALL utilities, presenting a unique opportunity for effortless living.

Enjoy the ease of TWO underground parking spaces, an elevator, and access to a common storage area. The building boasts an array of amenities including a gym, pool, common media/recreation room, billiards room, game room, and wonderful community garden

Conveniently located, this unit provides easy access to everything Silver Spring has to offer. Grocery stores, coffee shops, retail shops and dining options are just steps away, as well as convenient access to Silver Spring Metro and the Marc trains, giving a dynamic urban experience with a walk score of 93. Don't miss out on this exceptional urban living experience. Schedule a showing today!

Last Agent to Sell the Property

Kevin Hughes

(410) 428-1039 kevin.hughes@compass.com Compass License #SP200201445 Listed on: 01/26/2024

Compass

Co-Listed By

Tyler Siperko

(443) 690-0420 tyler@thegroupofcompass.com Compass

Last Buyer's Agent

Avery Boyce

(202) 422-3081 avery@cityandsky.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,978

Year Built

  • Built in 1968

Lot Details

  • 44

HOA Fees

  • $887 Monthly HOA Fees

Parking

  • 2 Assigned Parking Garage Spaces
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Entry on the 14th floor
  • Brick Front

Interior Spaces

  • 860 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303554053

Community Details

Overview

  • Association fees include air conditioning, gas, heat, management, insurance, pool(s), recreation facility, snow removal, sewer, water, trash, electricity
  • High-Rise Condominium
  • Mica Codm @ Silver Spring Community
  • Mica Codm @ Silver Spring Subdivision

Amenities

  • Billiard Room
  • Meeting Room
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,978

Year Built

Built in 1968

Lot Details

0

HOA Fees

$887 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1968
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 14
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 860
  • Living Area Sq Ft: 860
  • Price Per Sq Ft: 290.58
  • Above Grade Finished Sq Ft: 860
  • Above Grade Finished Area Units: Square Feet

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: Brick Front
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Hot Water
  • 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: 886.99
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Billiard Room, Extra Storage, Elevator, Fitness Center, Laundry Facilities, Meeting Room, Pool - Outdoor, Reserved/Assigned Parking, Exercise Room
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Gas, Heat, Management, Insurance, Pool(s), Recreation Facility, Snow Removal, Sewer, Water, Trash, Electricity
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2978.00
  • Assessor Parcel Number: 161303554053
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Feb 29, 2024
Sold by
Brown Penelope
Bought by
Finnerty Catherine Ming
Seller's Agent
Kevin Hughes
Compass
Buyer's Agent
Avery Boyce
Compass
List Price
$249,900
Sold Price
$258,000
Premium/Discount to List
$8,100
3.24%
Views
84
Current Estimated Value
$254,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,470
Avg. Annual Appreciation
-0.77%
Original Mortgage
$232,200
Outstanding Balance
$230,323
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$24,207

Purchase Details

Listed on
Feb 21, 2018
Closed on
Jun 1, 2018
Sold by
Cheezum Michael K and Cheezum Teresa S
Bought by
Brown Penelope
Seller's Agent
Peter Ayerle
Cummings & Co. Realtors
Buyer's Agent
Aslan Ettehadieh
Samson Properties
List Price
$268,000
Sold Price
$268,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.66%
Original Mortgage
$241,173
Interest Rate
3.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Finnerty Catherine Ming $258,000 Westcor Land Title Insurance C
Finnerty Catherine Ming $258,000 Westcor Land Title Insurance C
Brown Penelope $268,000 Cardinal Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finnerty Catherine Ming $232,200
Closed Finnerty Catherine Ming $232,200
Previous Owner Brown Penelope $241,173
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/29/2024 02/29/24 Sold $258,000 +3.2% $300 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $249,900 -6.8% $291 / Sq Ft
06/01/2018 06/01/18 Sold $268,000 0.0% $312 / Sq Ft View Prior Sale
03/24/2018 03/24/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $268,000 0.0% $312 / Sq Ft
03/09/2018 03/09/18 Off Market $268,000 -- --
03/03/2018 03/03/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $268,000 -- $312 / 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 $2,978 $240,000 $72,000 $168,000
2024 $2,978 $250,000 $75,000 $175,000
2023 $2,286 $250,000 $75,000 $175,000
2022 $2,163 $250,000 $75,000 $175,000
2021 $2,159 $250,000 $75,000 $175,000
2020 $2,046 $240,000 $0 $0
2019 $1,932 $230,000 $0 $0
2018 $2,515 $220,000 $66,000 $154,000
2017 $2,614 $220,000 $0 $0
2016 -- $220,000 $0 $0
2015 $2,088 $220,000 $0 $0
2014 $2,088 $220,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2118442

Bright MLS

APN: 13-03554053