NOT LISTED FOR SALE

Estimated Value: $303,300 - $310,000

1 Bed
1 Bath
541 Sq Ft
$152/mo HOA Fee

Last Sold October 28, 2022

Last sale price $275,000 $508 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,104/month

51 Days on Market

Highlights

  • Built in 1981 | Remodeled in 2021
  • Open Floorplan
  • Upgraded Countertops
  • Sligo Creek Elementary School Rated A
  • Contemporary Architecture
  • 3-minute walk to Ellsworth Urban Park

About This Home

As of October 2022

Location, location, location! Tucked away, in the heart of Downtown Silver Spring, you'll find a perfect balance at 700 Roeder. In our 35 unit building, this 1-bedroom is one-of-a-kind.

700 Roeder is designed to reflect the most important elements of your life these homes feature luxury vinyl plank flooring, stainless steel appliances, quartz countertops, porcelain tile in the bathrooms, W/D, large living spaces and views of downtown Silver Spring and Spring St. The building features private conference rooms optimal for meetings and working from home as well additional storage available.

With a walk score of 95 and a transit score of 85 Elan is within close proximity to Whole Foods, the Silver Spring Metro (Red Line),The Fillmore, AFI and a variety of restaurants and breweries. 700 Roeder is Silver Spring's newest condominium, with 35 units total and over 80% sold.

*Contact sales team for updated incentives*

Last Agent to Sell the Property

Aaron Cartier

(518) 578-3104 cartier@lnf.com Long & Foster Real Estate, Inc. License #SP40000256 Listed on: 08/02/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Lisa Frazier

(301) 922-7888 lfrazier@urbanpace.com Urban Pace

Last Buyer's Agent

robert scott

(301) 252-0618 robert@scottteamint.com Long & Foster Real Estate, Inc. License #5004192

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981 | Remodeled in 2021

Lot Details

  • West Facing Home
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $152 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Studio

Interior Spaces

  • 541 Sq Ft Home
  • Open Floorplan
  • Window Treatments
  • Sliding Windows
  • Casement Windows
  • Combination Kitchen and Dining Room
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Kitchen in Efficiency Studio
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Appliances

Utilities

  • Central Heating and Cooling System
  • High-Efficiency Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 161303865323

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, reserve funds, trash
  • 35 Units
  • Mid-Rise Condominium
  • Downtown Silver Spring Subdivision
  • Property Manager
  • Property has 6 Levels

Amenities

  • Meeting Room
  • 1 Elevator

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Year Built

Built in 1981 | Remodeled in 2021

Lot Details

0

HOA Fees

$152 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1981
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Disposal, Dishwasher, Dryer - Front Loading, Energy Efficient Appliances, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked, Water Heater - High-Efficiency
  • Entry Floor: 1
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Combination Kitchen/Dining, Floor Plan - Open, Sprinkler System, Studio, Upgraded Countertops, Window Treatments, Kitchen - Efficiency
  • Window Features: Casement, Sliding
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 6
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 541
  • Living Area Sq Ft: 541
  • Price Per Sq Ft: 545.10
  • Above Grade Finished Sq Ft: 541
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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: 152.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Meeting Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Property Condition: Excellent
  • Zoning: CR
  • Zoning Description: Mixed use
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 25251837
  • Assessor Parcel Number: 161303865323
  • 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, 2022
Closed on
Oct 28, 2022
Sold by
Roeder Road Llc
Bought by
Tekle Nahom Tewodros
Seller's Agent
Aaron Cartier
Long & Foster Real Estate, Inc.
Buyer's Agent
robert scott
Long & Foster Real Estate, Inc.
List Price
$294,900
Sold Price
$275,000
Premium/Discount to List
-$19,900
-6.75%
Views
28
Current Estimated Value
$307,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,325
Avg. Annual Appreciation
3.55%
Original Mortgage
$266,750
Outstanding Balance
$258,433
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$48,892
Source: Public Records
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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
Tekle Nahom Tewodros $275,000 District Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tekle Nahom Tewodros $266,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $275,000 -6.7% $508 / Sq Ft
08/02/2022 08/02/22 For Sale $294,900 -- $545 / 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 $4,140 $325,000 $97,500 $227,500
2024 $4,140 $350,000 $105,000 $245,000
2023 $4,005 $338,333 $0 $0
2022 $2,633 $326,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2063774

Bright MLS

APN: 13-03865152