NOT LISTED FOR SALE

3501 Forest Edge Dr Silver Spring, MD 20906

Estimated Value: $155,000 - $169,000

1 Bed
1.5 Baths
946 Sq Ft
2,352 Sq Ft Lot

Last Sold July 24, 2019

Last sale price $102,000 $108 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,004/month

Highlights

  • Senior Living
  • Traditional Architecture
  • 1 Detached Carport Space
  • Traditional Floor Plan
  • Living Room
  • Central Air

About This Home

As of December 2021

Great one bedroom, updated with fresh paint, new wall to wall carpeting, ALL utilities, including electric cable and internet included in monthly rent. Carp[ort parking # 2F with storage locker.
Available for immediate occupancy

Last Agent to Rent the Property

John Radcliffe

Weichert, REALTORS Listed on: 10/01/2021

Weichert, REALTORS

Last Renter's Agent

John Radcliffe

Weichert, REALTORS Listed on: 10/01/2021

Weichert, REALTORS

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,270

Year Built

  • Built in 1977

Lot Details

  • Property is in excellent condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 946 Sq Ft Home
  • Property has 3 Levels
  • Traditional Floor Plan
  • Window Treatments
  • Living Room
  • Dining Room
  • Carpet
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Parking

  • 1 Parking Space
  • 1 Detached Carport Space

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,750
  • 12-Month Min and 36-Month Max Lease Term
  • Available 10/1/21
  • $25 Application Fee
  • Assessor Parcel Number 161301750048

Community Details

Overview

  • Senior Living
  • Property has a Home Owners Association
  • Association fees include a/c unit(s), air conditioning, appliance maintenance, cable TV, common area maintenance, custodial services maintenance, electricity, exterior building maintenance, health club, heat, high speed internet, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, parking fee, pool(s), recreation facility, road maintenance, security gate, sewer, snow removal, taxes, trash, water
  • Senior Community | Residents must be 55 or older
  • Low-Rise Condominium
  • Leisure World Subdivision

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,270

Year Built

Built in 1977

Lot Details

0

Rental Info

  • Date Available: 2021-10-01
  • Application Fee: 25.00
  • Pets Allowed: No
  • Security Deposit: 1750.00
  • Vacation Rental: No
  • Max Lease in Months: 36
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-10-01
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Remarks Public: Great one bedroom, updated with fresh paint, new wall to wall carpeting, ALL utilities, including electric cable and internet included in monthly rent. Carp[ort parking # 2F with storage locker. Available for immediate occupancy
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Carpet, Elevator, Floor Plan - Traditional, Window Treatments
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Bathroom 1
  • Basement: No
  • Total Sq Ft: 946
  • Living Area Sq Ft: 946
  • Price Per Sq Ft: 1.79
  • Above Grade Finished Sq Ft: 946
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3501

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Number Of Detached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Carport

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: A/C Unit(s), Air Conditioning, Appliance Maintenance, Cable Tv, Common Area Maintenance, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Health Club, Heat, High Speed Internet, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Parking Fee, Pool(s), Recreation Facility, Road Maintenance, Security Gate, Sewer, Snow Removal, Taxes, Trash, Water
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 011
  • Property Condition: Excellent
  • Zoning: PRC

Tax Info

  • Assessor Parcel Number: 14052044
  • Assessor Parcel Number: 161301750048
  • Tax Total Finished Sq Ft: 946
  • Tax Data Updated: No
  • Close Date: 12/17/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2019
Closed on
Jul 24, 2019
Sold by
Jones David C and Freeman Margaret H
Bought by
Wolfunit Llc
Seller's Agent
John Radcliffe
Weichert, REALTORS
Buyer's Agent
John Radcliffe
Weichert, REALTORS
List Price
$115,000
Sold Price
$102,000
Premium/Discount to List
-$13,000
-11.3%
Current Estimated Value
$164,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,091
Avg. Annual Appreciation
7.87%

Purchase Details

Listed on
Feb 27, 2013
Closed on
Jul 12, 2013
Sold by
Cohen Peter R and Cohen Susan I
Bought by
Jones David C
Seller's Agent
Vivian Kirshenbaum
Weichert, REALTORS
Buyer's Agent
D. Lynn Pugh
Weichert, REALTORS
List Price
$75,000
Sold Price
$67,000
Premium/Discount to List
-$8,000
-10.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%

Purchase Details

Closed on
Sep 24, 1993
Sold by
Ragsdale Trust
Bought by
Lederman Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
7.1%
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
Wolfunit Llc $102,000 Main Street Settlements Inc
Jones David C $67,000 First American Title Ins Co
Lederman Abraham $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones David C $50,000
Previous Owner Lederman Abraham $73,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Rented $1,695 0.0% --
12/14/2021 12/14/21 Under Contract -- -- --
11/03/2021 11/03/21 Price Changed $1,695 -3.1% $2 / Sq Ft
10/01/2021 10/01/21 For Rent $1,750 0.0% --
07/24/2019 07/24/19 Sold $102,000 -11.3% $108 / Sq Ft
06/22/2019 06/22/19 Pending -- -- --
06/22/2019 06/22/19 For Sale $115,000 +71.6% $122 / Sq Ft
07/12/2013 07/12/13 Sold $67,000 -2.9% $71 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
05/27/2013 05/27/13 Price Changed $69,000 -4.8% $73 / Sq Ft
04/16/2013 04/16/13 Price Changed $72,500 -3.3% $77 / Sq Ft
03/08/2013 03/08/13 For Sale $75,000 0.0% $79 / Sq Ft
03/06/2013 03/06/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $75,000 -- $79 / 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
2024 $1,270 $105,000 $31,500 $73,500
2023 $1,247 $103,333 $0 $0
2022 $1,176 $101,667 $0 $0
2021 $0 $100,000 $30,000 $70,000
2020 $1,060 $91,667 $0 $0
2019 $958 $83,333 $0 $0
2018 $876 $75,000 $22,500 $52,500
2017 $118 $70,000 $0 $0
2016 -- $65,000 $0 $0
2015 $1,017 $60,000 $0 $0
2014 $1,017 $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2018066

Bright MLS

APN: 13-01750048