NOT LISTED FOR SALE

3501 Forest Edge Dr Silver Spring, MD 20906

Estimated Value: $245,000 - $276,061

3 Beds
2 Baths
1,415 Sq Ft
$698/mo HOA Fee

Last Sold May 18, 2015

Last sale price $170,300 $120 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,366/month

27 Days on Market

Highlights

  • Golf Club
  • Transportation Service
  • Gated Community
  • Fitness Center
  • Senior Living
  • Open Floorplan

About This Home

As of May 2015

Age 55+ community. Spacious 3 BR condo on second floor. New carpet, freshly painted, some light fixtures replaced, stainless steel stove, refrigerator, D/W. FP in living room, sliding glass door to an enclosed balcony with peaceful view. Extra storage, assigned covered parking. Move in condition.

Last Agent to Sell the Property

Slavka Novakova

Long & Foster Real Estate, Inc. License #MRIS:75982 Listed on: 05/19/2014

Last Buyer's Agent

Maryellen Adams

Weichert, REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,630

Year Built

  • Built in 1977

Lot Details

  • 3,006

HOA Fees

  • $698 Monthly HOA Fees

Parking

  • 1 Assigned Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,415 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • 1 Fireplace
  • Dining Area

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161301749893

Community Details

Overview

  • Senior Living
  • Association fees include electricity, exterior building maintenance, heat, lawn maintenance, management, insurance, reserve funds, water
  • Senior Community | Residents must be 55 or older
  • Low-Rise Condominium
  • Capri
  • Mutual 14 At Lwmc Community
  • The community has rules related to moving in times

Amenities

  • Transportation Service
  • Clubhouse
  • Community Center

Recreation

  • Golf Club
  • Tennis Courts
  • Fitness Center
  • Community Indoor Pool
  • Jogging Path

Pet Policy

  • Pet Size Limit

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,630

Year Built

Built in 1977

Lot Details

0

HOA Fees

$698 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: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1415
  • Living Area Sq Ft: 1415
  • Price Per Sq Ft: 116.61
  • 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
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 16.73
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • 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: 698.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Club House, Community Center, Exercise Room, Gated Community, Golf Club, Jog/Walk Path, Pool - Indoor, Pool - Outdoor, Tennis Courts, Transportation Service
  • HOA Condo Co-Op Fee Includes: Electricity, Ext Bldg Maint, Heat, Lawn Maintenance, Management, Insurance, Reserve Funds, Water
  • HOA Condo Co-Op Rules: Moving In Times, Pets - Size Restrict
  • HOA: Yes
  • Senior Community Age Requirement: 55
  • Senior Community: Yes
  • Community Pool Features: Indoor

Lot Info

  • Improvement Assessed Value: 98000.00
  • Land Assessed Value: 42000.00
  • Year Assessed: 2014
  • Zoning: PRC

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14052030
  • Tax Annual Amount: 1629.92
  • Assessor Parcel Number: 161301749893
  • Tax Total Finished Sq Ft: 1415
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 05/18/2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
May 18, 2015
Sold by
Steliac Marta
Bought by
Leber Katrine G and Leber Gary K
Seller's Agent
Slavka Novakova
Long & Foster Real Estate, Inc.
Buyer's Agent
Maryellen Adams
Weichert, REALTORS
List Price
$165,000
Sold Price
$170,300
Premium/Discount to List
$5,300
3.21%
Current Estimated Value
$263,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,124
Avg. Annual Appreciation
4.44%
Original Mortgage
$100,000
Outstanding Balance
$78,279
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$187,321

Purchase Details

Closed on
Mar 12, 2015
Sold by
Kerda Ann P
Bought by
Steliac Marta and The Estate Of Claudia M Corbet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2004
Sold by
Corbett Claudia M
Bought by
Corbett Claudia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 20, 1999
Sold by
Lee
Bought by
Corbett Claudia M
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
Leber Katrine G $170,300 First American Title Ins Co
Steliac Marta -- Attorney
Corbett Claudia M -- --
Corbett Claudia M -- --
Corbett Claudia M $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leber Katrine G $100,000
Previous Owner Steliac Marta $100,000
Previous Owner Corbett Claudia M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2015 05/18/15 Sold $170,300 +3.2% $120 / Sq Ft
06/15/2014 06/15/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $165,000 -- $117 / 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 $2,709 $230,000 $69,000 $161,000
2023 $3,284 $220,000 $0 $0
2022 $1,693 $210,000 $0 $0
2021 $1,565 $200,000 $60,000 $140,000
2020 $817 $186,667 $0 $0
2019 $1,267 $173,333 $0 $0
2018 $2,882 $160,000 $48,000 $112,000
2017 $1,231 $153,333 $0 $0
2016 $1,767 $146,667 $0 $0
2015 $1,767 $140,000 $0 $0
2014 $1,767 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Slavka Novakova

    Long & Foster

    Section Image

  • M

    Buyer's Agent in 2015

    Maryellen Adams

    Weichert Corporate

See All Agents

Map

Source: Bright MLS

MLS Number: 1002993770

Bright MLS

APN: 13-01749893

Maryland Montgomery County Silver Spring 20906

3501 Forest Edge Dr, Silver Spring, MD

This home is located at 3501 Forest Edge Dr, Silver Spring, MD 20906 since 19 May 2014 and is currently estimated at $264,765, approximately $187 per square foot. This property was built in 1977. 3501 Forest Edge Dr is a home located in Montgomery County with nearby schools including Flower Valley Elementary School, Earle B. Wood Middle School, and Rockville High School.

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