NOT LISTED FOR SALE

3501 Forest Edge Dr Silver Spring, MD 20906

Estimated Value: $202,290 - $217,000

2 Beds
2 Baths
1,157 Sq Ft
$718/mo HOA Fee

Last Sold August 31, 2021

Last sale price $173,000 $150 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,993/month

19 Days on Market

Highlights

  • Fitness Center
  • Active Adult
  • Open Floorplan
  • Transportation Service
  • Gated Community
  • Main Floor Bedroom

About This Home

As of August 2021

55+ Senior Living at an affordable price. 2 BR 2 FB Monte Carlo model on ground level with enclosed patio. Carport space and extra storage. Convenient location - midway between the clubhouses. Condo Fee included Utilities. Full size washer and dryer. Open space living and dining room. Generous closet space. Enjoy all the amenities of Leisure World - 2 club houses, indoor and outdoor pools, golf, tennis, library, restaurants, meeting rooms, computer center, walking paths, clubs for every interest, and so much more.

Last Agent to Sell the Property

Janice Fife

(301) 254-5825 janicefife46@gmail.com Weichert, REALTORS License #98003 Listed on: 06/13/2021

Weichert, REALTORS

Last Buyer's Agent

Sarit Driscoll

(410) 371-5141 saritdriscoll@gmail.com Long & Foster Real Estate, Inc. License #677208

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1977

Lot Details

  • Property is in very good condition

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 1,157 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Bar
  • Ceiling Fan
  • Carpet

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • Assigned Parking

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • Level Entry For Accessibility

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Electric Baseboard Heater
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 161301749916

Community Details

Overview

  • Active Adult
  • $2 Capital Contribution Fee
  • Association fees include cable TV, common area maintenance, electricity, exterior building maintenance, high speed internet, lawn maintenance, management, recreation facility, reserve funds, road maintenance, security gate, sewer, snow removal, trash, water
  • $350 Other One-Time Fees
  • Active Adult | Residents must be 55 or older
  • Low-Rise Condominium
  • Mutual 14 Condos, Phone Number (301) 598-1031
  • Built by IDI
  • Leisure World Subdivision, Monte Carlo Floorplan

Amenities

  • Transportation Service
  • Picnic Area
  • Common Area
  • Bank or Banking On-Site
  • Billiard Room
  • Meeting Room
  • Art Studio
  • Community Library

Recreation

  • Golf Course Membership Available
  • Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,352

Year Built

Built in 1977

Lot Details

0

HOA Fees

$718 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: Doors - Swing In, Level Entry - Main, No Stairs
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stove, Washer
  • Entry Floor: 1
  • Interior Amenities: Bar, Carpet, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Open, Primary Bath(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1157
  • Living Area Sq Ft: 1157
  • Price Per Sq Ft: 155.14
  • Above Grade Finished Sq Ft: 1157
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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, Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • 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

  • Refuse: 16.06
  • 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: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 718.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: MUTUAL 14
  • Condo Co-Op Phone: 301-598-1031
  • HOA Condo Co-Op Amenities: Art Studio, Bank / Banking On-Site, Bike Trail, Billiard Room, Cable, Common Grounds, Fitness Center, Gated Community, Golf Course Membership Available, Library, Meeting Room, Picnic Area, Pool - Indoor, Pool - Outdoor, Reserved/Assigned Parking, Security, Tennis Courts, Transportation Service
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Electricity, Ext Bldg Maint, High Speed Internet, Lawn Maintenance, Management, Recreation Facility, Reserve Funds, Road Maintenance, Security Gate, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community Age Requirement: 55
  • Senior Community: Yes
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually
  • Other Fees: 350.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 2.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 87500.00
  • Land Assessed Value: 37500.00
  • Property Condition: Very Good
  • Zoning: PRC
  • In City Limits: No

Building Info

  • Builder Name: IDI

Rental Info

  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14052032
  • Tax Annual Amount: 1352.00
  • Assessor Parcel Number: 161301749916
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2021
Closed on
Aug 31, 2021
Sold by
Moffson Stanley R and Cohen Jeffrey P
Bought by
Eller Rosemary S and Eller Richard D
Seller's Agent
Janice Fife
Weichert, REALTORS
Buyer's Agent
Sarit Driscoll
Long & Foster Real Estate, Inc.
List Price
$179,500
Sold Price
$173,000
Premium/Discount to List
-$6,500
-3.62%
Current Estimated Value
$210,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,823
Avg. Annual Appreciation
4.65%
Original Mortgage
$129,750
Outstanding Balance
$118,063
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$92,760

Purchase Details

Closed on
Oct 25, 2002
Sold by
Gomez Nicholas L
Bought by
Moffson Stanley R

Purchase Details

Closed on
Oct 17, 1995
Sold by
Morton Violet M
Bought by
Gomez Nicholas L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eller Rosemary S $173,000 First American Title Ins Co
Moffson Stanley R $136,000 --
Gomez Nicholas L $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eller Rosemary S $129,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $173,000 -3.6% $150 / Sq Ft
06/13/2021 06/13/21 For Sale $179,500 0.0% $155 / Sq Ft
05/01/2014 05/01/14 Rented $1,500 0.0% --
04/12/2014 04/12/14 Under Contract -- -- --
03/16/2014 03/16/14 For Rent $1,500 -- --
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 $2,076 $181,667 -- --
2024 $2,076 $175,000 $52,500 $122,500
2023 $2,573 $158,333 $0 $0
2022 $926 $141,667 $0 $0
2021 $1,430 $125,000 $37,500 $87,500
2020 $1,353 $121,667 $0 $0
2019 $1,353 $118,333 $0 $0
2018 $1,270 $115,000 $34,500 $80,500
2017 $1,176 $106,667 $0 $0
2016 -- $98,333 $0 $0
2015 $1,124 $90,000 $0 $0
2014 $1,124 $90,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Janice Fife

    Seller's Agent in 2021

    Janice Fife

    Weichert Corporate

    (301) 254-5825

    72 in this area

    84 Total Sales

    Janice Fife
    Section Image

  • S

    Buyer's Agent in 2021

    Sarit Driscoll

    Long & Foster

    (410) 371-5141

    1 in this area

    3 Total Sales

    Sarit Driscoll
    Section Image
  • Coley Reed

    Buyer Co-Listing Agent in 2021

    Coley Reed

    Long & Foster

    (301) 674-2829

    9 in this area

    571 Total Sales

    Coley Reed
    Section Image

  • S

    Seller's Agent in 2014

    Stan Moffson

    Weichert Corporate

  • J

    Buyer's Agent in 2014

    Jesse Harris

    Weichert Corporate

    (301) 633-6483

    10 in this area

    12 Total Sales

    Jesse Harris
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC763656

Bright MLS

APN: 13-01749916

Maryland Montgomery County Silver Spring 20906

3501 Forest Edge Dr, Silver Spring, MD

Not Listed for Sale

Condos

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