NOT LISTED FOR SALE

3500 Forest Edge Dr Unit 3A Silver Spring, MD 20906

Estimated Value: $237,256 - $275,000

3 Beds
2 Baths
1,415 Sq Ft
$772/mo HOA Fee

Last Sold February 18, 2022

Last sale price $230,000 $163 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,357/month

54 Days on Market

Highlights

  • Golf Club
  • Fitness Center
  • Transportation Service
  • Bar or Lounge
  • 24-Hour Security
  • Active Adult

About This Home

As of February 2022

LEISURE WORLD BUYER TRANSFER FEE OF 2% WILL INCREASE TO 3% ON JANUARY 1, 2022.
Updates have been made and it's ready for your viewing! Freshly painted, brand new carpeting, new LVT flooring in the kitchen, new granite counters, new appliances!

Sunny top floor unit with beautiful view off the spacious balcony.

Three spacious bedrooms and two full bathrooms. Large living room with wet bar, dining room, eat in kitchen with ample cabinetry and counter space. Full size washer and dryer in the kitchen.

Condo fee covers all utilities except phone and internet. Parking space 3A is just to the left of the lobby entrance! Storage bins in the carport parking area as well. Elevator takes you to your unit, as well as covered walkways.

Leisure World is a gated over 55 community with tons of amenities! Indoor and outdoor swimming pools, fitness center, community clubhouse, restaurants, bank, etc.

Last Agent to Sell the Property

Amy King

(301) 467-1877 amyking1530@gmail.com King Real Estate, Inc License #92692 Listed on: 11/18/2021

Co-Listed By

Mike King

(301) 467-5677 kingre4@gmail.com King Real Estate, Inc

Last Buyer's Agent

Nurit Coombe

(202) 318-3428 nurit@teamnurit.com The Agency DC License #533175

The Agency DC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1977

Lot Details

  • 3,006

HOA Fees

  • $772 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,415 Sq Ft Home
  • Property has 1 Level
  • Wet Bar
  • Bar
  • Window Treatments
  • Sliding Doors
  • Living Room
  • Dining Room
  • Garden Views
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • 1 Attached Carport Space
  • Assigned parking located at #3A
  • Parking Space Conveys
  • 1 Assigned Parking Space

Accessible Home Design

  • Accessible Elevator Installed
  • Grab Bars
  • Wheelchair Height Mailbox
  • Doors swing in
  • Doors are 32 inches wide or more
  • No Interior Steps

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Balcony
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161301750117

Community Details

Overview

  • Active Adult
  • Association fees include air conditioning, common area maintenance, electricity, exterior building maintenance, health club, heat, insurance, laundry, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, parking fee, pool(s), recreation facility, reserve funds, road maintenance, security gate, sewer, snow removal, trash, water
  • Active Adult | Residents must be 55 or older
  • Leisure World HOA, Phone Number (301) 598-1316
  • Low-Rise Condominium
  • Mutual 14 Condos
  • Rossmoor Mutual #14 Subdivision
  • Property Manager

Amenities

  • Transportation Service
  • Common Area
  • Bank or Banking On-Site
  • Clubhouse
  • Community Center
  • Meeting Room
  • Party Room
  • Community Dining Room
  • Recreation Room
  • Bar or Lounge
  • 1 Elevator
  • Community Storage Space

Recreation

  • Golf Club
  • Golf Course Community
  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Community Indoor Pool
  • Lap or Exercise Community Pool
  • Jogging Path
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,257

Year Built

Built in 1977

Lot Details

0

HOA Fees

$772 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: 32"+ Wide Doors, Doors - Swing In, Elevator, Grab Bars Mod, No Stairs, Wheelchair Height Mailbox
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1977
  • Assigned Parking Space Numbers: 3A
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Laminate Plank, Ceramic Tile
  • Interior Amenities: Bar, Carpet, Dining Area, Kitchen - Eat-In, Kitchen - Table Space, Primary Bath(s), Tub Shower, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Upgraded Countertops
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Main Floor, Washer In Unit
  • Total Sq Ft: 1415
  • Living Area Sq Ft: 1415
  • Price Per Sq Ft: 166.08
  • Above Grade Finished Sq Ft: 1415
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Sidewalks, Tennis Court(s)
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Carport Spaces: 1
  • Garage: No
  • Parking Features: Assigned, Parking Space Conveys
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Security Gate, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Unknown
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 772.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Mutual 14
  • HOA Condo Co-Op Amenities: Bank / Banking On-Site, Bar/Lounge, Bike Trail, Club House, Common Grounds, Community Center, Dining Rooms, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Golf Club, Golf Course, Jog/Walk Path, Meeting Room, Party Room, Pool - Outdoor, Pool - Indoor, Recreational Center, Reserved/Assigned Parking, Retirement Community, Security, Shuffleboard, Storage Bin, Swimming Pool, Tennis Courts, Transportation Service
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Common Area Maintenance, Electricity, Ext Bldg Maint, Health Club, Heat, Insurance, Laundry, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Security Gate, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Name: LEISURE WORLD
  • HOA Phone: 3015981316
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes
  • Association Recreation Fee: No
  • Community Pool Features: Lap/Exercise, In Ground, Indoor

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 140000.00
  • Land Assessed Value: 60000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: PRC
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit, Dogs Ok, Cats Ok, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14052051
  • Tax Annual Amount: 2257.00
  • Assessor Parcel Number: 161301750117
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Feb 18, 2022
Sold by
Lorene Briggs Diane
Bought by
Weiss Stephen and Weiss Ilene P
Seller's Agent
Amy King
King Real Estate, Inc
Buyer's Agent
Nurit Coombe
The Agency DC
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Current Estimated Value
$259,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,064
Avg. Annual Appreciation
3.19%
Original Mortgage
$184,000
Outstanding Balance
$171,145
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$87,919

Purchase Details

Closed on
Apr 12, 2005
Sold by
Machlan Lawrence A Tr
Bought by
Nickerson Rudyard K

Purchase Details

Closed on
Jan 16, 2001
Sold by
Machlan Lawrence A
Bought by
Machlan Lawrence A Tr
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
Weiss Stephen $230,000 Fidelity National Title
Nickerson Rudyard K $220,000 --
Nickerson Rudyard K $220,000 --
Machlan Lawrence A Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weiss Stephen $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $230,000 -2.1% $163 / Sq Ft
12/22/2021 12/22/21 For Sale $235,000 +2.2% $166 / Sq Ft
12/12/2021 12/12/21 Off Market $230,000 -- --
12/06/2021 12/06/21 Price Changed $235,000 +17.5% $166 / Sq Ft
11/18/2021 11/18/21 For Sale $200,000 -- $141 / 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 $2,709 $233,333 -- --
2024 $2,709 $230,000 $69,000 $161,000
2023 $1,900 $220,000 $0 $0
2022 $1,680 $210,000 $0 $0
2021 $1,565 $200,000 $60,000 $140,000
2020 $0 $186,667 $0 $0
2019 $2,535 $173,333 $0 $0
2018 $1,768 $160,000 $48,000 $112,000
2017 $1,040 $153,333 $0 $0
2016 $1,075 $146,667 $0 $0
2015 $1,075 $140,000 $0 $0
2014 $1,075 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2023604

Bright MLS

APN: 13-01750117