NOT LISTED FOR SALE

4023 Chesterwood Dr Silver Spring, MD 20906

Estimated Value: $351,000 - $387,000

3 Beds
2.5 Baths
1,338 Sq Ft
$272/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $280,000 $209 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,460/month

5 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Community Playground
  • Bel Pre Elementary School Rated A-
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

Gated Community. Spacious two level condo. Open floor plan with lots of natural light. Kitchen with granite counters and Stainless Steel appliances. Living room features 2 sets of french doors that lead to the balcony. Hardwood flooring. New paint. Upper level features 3 spacious bedrooms and 2 full baths. Great location! Close to major roadways, public transportation, and shopping. This home is waiting for your buyer!!

Last Agent to Sell the Property

Judy Martin

(301) 379-1700 judymartinsells@gmail.com Century 21 Redwood Realty License #0225208197 Listed on: 07/02/2020

Century 21 Redwood Realty

Last Buyer's Agent

John Falana

(443) 515-7555 john@centerpeacehomes.com EXP Realty, LLC License #678247

EXP Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,636

Year Built

  • Built in 1983

HOA Fees

  • $280 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,338 Sq Ft Home
  • Property has 2 Levels
  • Laundry on upper level

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Assigned parking located at #4023
  • Paved Parking
  • Parking Lot
  • Parking Space Conveys
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303493251

Community Details

Overview

  • Association fees include sewer, trash, common area maintenance, exterior building maintenance, management, pool(s), snow removal
  • Montgomery Chase Condominiums, Phone Number (301) 924-7355
  • Montgomery Chase Community
  • Montgomery Chase Codm Subdivision

Recreation

  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Common Area
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,636

Year Built

Built in 1983

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: Curtains
  • Historic: No
  • Home Warranty: No
  • Inclusions: Stove, Refrigerator, Dishwasher, Microwave, Washer and Dryer, Blinds
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1983
  • Assigned Parking Space Numbers: 4023
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1338
  • Living Area Sq Ft: 1338
  • Price Per Sq Ft: 213.00
  • Above Grade Finished Sq Ft: 1338
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Combination
  • Spa: 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, Parking Space Conveys, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 20.32
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 280.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Montgomery Chase Condominiums
  • Condo Co-Op Phone: 301-924-7355
  • HOA Condo Co-Op Amenities: Common Grounds, Gated Community, Pool - Outdoor, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Sewer, Trash, Common Area Maintenance, Ext Bldg Maint, Management, Pool(s), Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 175000.00
  • Land Assessed Value: 75000.00
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 14098323
  • Tax Annual Amount: 2636.00
  • Assessor Parcel Number: 161303493251
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 26, 2020
Sold by
Berhane Alazar and Berhane Manna
Bought by
Ogunbajo Adedoyin
Seller's Agent
Judy Martin
Century 21 Redwood Realty
Buyer's Agent
John Falana
EXP Realty, LLC
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%
Current Estimated Value
$363,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,466
Avg. Annual Appreciation
5.08%
Original Mortgage
$274,928
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2015
Sold by
Berhane Manna and Beyene Manna
Bought by
Berhane Alazar and Berhane Manna

Purchase Details

Closed on
Jun 29, 2011
Sold by
Salman Raya Mounir and Elkhatib Raya Salman
Bought by
Beyene Manna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Ridgewood I Townhomes Llc
Bought by
Elkhatib Raya Salman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,915
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2005
Sold by
Ridgewood I Townhomes Llc
Bought by
Elkhatib Raya Salman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,915
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
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
Ogunbajo Adedoyin $280,000 Jacquies Title Group
Berhane Alazar -- None Available
Beyene Manna $180,000 Atg
Elkhatib Raya Salman $359,900 --
Elkhatib Raya Salman $359,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ogunbajo Adedoyin $274,928
Previous Owner Beyene Manna $171,000
Previous Owner Elkhatib Raya Salman $305,915
Previous Owner Elkhatib Raya Salman $305,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $280,000 -1.8% $209 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $285,000 -- $213 / 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 $3,188 $290,000 -- --
2024 $3,188 $270,000 $81,000 $189,000
2023 $3,800 $263,333 $0 $0
2022 $2,212 $256,667 $0 $0
2021 $2,133 $250,000 $75,000 $175,000
2020 $4,078 $241,667 $0 $0
2019 $1,944 $233,333 $0 $0
2018 $1,856 $225,000 $67,500 $157,500
2017 $1,686 $213,333 $0 $0
2016 $2,244 $201,667 $0 $0
2015 $2,244 $190,000 $0 $0
2014 $2,244 $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC714438

Bright MLS

APN: 13-03493251