NOT LISTED FOR SALE

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

Estimated Value: $253,000 - $275,000

3 Beds
2 Baths
1,415 Sq Ft
$1,029/mo HOA Fee

Last Sold September 22, 2023

Last sale price $249,000 $176 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,633/month

30 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Community Pool
  • Active Adult
  • Clubhouse
  • 1 Detached Carport Space

About This Home

As of September 2023

Rare third floor unit! Fantastic 3 bedroom, 2 bath condo Windows on both sides of the unit give this condo a light and airy feel. The primary bedroom offers a serene retreat, complete with an en-suite bathroom with walk-in shower. Opening to a included sunroom space allows you easy access the view to the surrounding green space. The unit also includes an assigned covered parking space and extra storage space. All utilities are included in the monthly condo fee, plus high speed internet and cable TV. The property is part of a wonderful 55+ community, which offers an array of amenities to enhance your lifestyle. Residents have exclusive access to a gold course, swimming pools, fitness centers, tennis courts, and a multitude of social and recreational activities. The meticulously maintained grounds create a tranquil setting, perfect for leisurely walks or enjoying the outdoors. Tenant still in the house till end of August. Please schedule with the listing agent

Last Agent to Sell the Property

Leo Baboci

(301) 500-8166 2leobaboci@gmail.com Weichert, REALTORS Listed on: 08/02/2023

Weichert, REALTORS

Last Buyer's Agent

Debora Leyba

(301) 461-2429 debbie.leyba@longandfoster.com Long & Foster Real Estate, Inc. License #0225248363

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,372

Year Built

  • Built in 1977

Lot Details

  • 3,006

HOA Fees

  • $1,029 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,415 Sq Ft Home
  • Property has 3 Levels
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • Parking Space Conveys

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161301750298

Community Details

Overview

  • Active Adult
  • Association fees include bus service, cable TV, electricity, high speed internet, lawn maintenance, management, security gate, snow removal, sewer, trash, water
  • Active Adult | Residents must be 55 or older
  • Low-Rise Condominium
  • Leisure World Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,372

Year Built

Built in 1977

Lot Details

0

HOA Fees

$1,029 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-08-02
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 3
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1415
  • Living Area Sq Ft: 1415
  • Price Per Sq Ft: 187.28
  • 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 Veneer
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: General Common Elements, Parking Space Conveys
  • Number Of Detached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Carport

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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: 1029.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Elevator, Fitness Center, Gated Community
  • HOA Condo Co-Op Fee Includes: Bus Service, Cable Tv, Electricity, High Speed Internet, Lawn Maintenance, Management, Security Gate, Snow Removal, Sewer, Trash, Water
  • HOA: No
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: PRC
  • In City Limits: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2372.00
  • Assessor Parcel Number: 161301750298
  • 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
Aug 2, 2023
Closed on
Sep 22, 2023
Sold by
Realmax Llc
Bought by
Lovely Mary M
Seller's Agent
Leo Baboci
Weichert, REALTORS
Buyer's Agent
Debora Leyba
Long & Foster Real Estate, Inc.
List Price
$265,000
Sold Price
$249,000
Premium/Discount to List
-$16,000
-6.04%
Views
177
Current Estimated Value
$262,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,765
Avg. Annual Appreciation
2.46%
Original Mortgage
$199,200
Outstanding Balance
$194,975
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$67,790

Purchase Details

Closed on
May 9, 2022
Sold by
Makfinsky Michael L
Bought by
Realmak Llc

Purchase Details

Listed on
Jun 1, 2016
Closed on
May 20, 2016
Sold by
Secretary Of Department Of Housing & Urb
Bought by
Makfinsky Michael
Seller's Agent
Colleen Winters
RE/MAX Realty Services
Buyer's Agent
William Wright
Long & Foster Real Estate, Inc.
Sold Price
$1,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
May 7, 2014
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Apr 24, 2014
Sold by
Nixon Deborah S
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 26, 2011
Sold by
Sonen Virginia R
Bought by
Nixon Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,146
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 2002
Sold by
Weiser Manuel
Bought by
Sonen Virginia R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lovely Mary M $249,000 Commercial Land Title
Lovely Mary M $249,000 Commercial Land Title
Realmak Llc -- None Listed On Document
Realmax Llc -- None Listed On Document
Makfinsky Michael $149,000 Commonwealth Land Title Insu
The Secretary Of Housing & Urban Develop -- Attorney
Wells Fargo Bank Na $117,810 Attorney
Nixon Deborah S $152,000 None Available
Sonen Virginia R $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lovely Mary M $199,200
Closed Lovely Mary M $199,200
Previous Owner Nixon Deborah S $148,146
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $249,000 -6.0% $176 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $265,000 0.0% $187 / Sq Ft
06/20/2017 06/20/17 Rented $1,950 0.0% --
06/20/2017 06/20/17 Under Contract -- -- --
06/01/2017 06/01/17 For Rent $1,950 +2.6% --
06/21/2016 06/21/16 Rented $1,900 0.0% --
06/21/2016 06/21/16 Under Contract -- -- --
06/01/2016 06/01/16 For Rent $1,900 0.0% --
05/23/2016 05/23/16 Sold $149,000 -6.9% $105 / Sq Ft View Prior Sale
04/19/2016 04/19/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $160,000 -- $113 / 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 $2,592 $220,000 $0 $0
2022 $2,372 $210,000 $0 $0
2021 $2,257 $200,000 $60,000 $140,000
2020 $1,959 $186,667 $0 $0
2019 $1,959 $173,333 $0 $0
2018 $1,768 $160,000 $48,000 $112,000
2017 $1,732 $153,333 $0 $0
2016 -- $146,667 $0 $0
2015 $1,105 $140,000 $0 $0
2014 $1,105 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2101070

Bright MLS

APN: 13-01750298