NOT LISTED FOR SALE

Chelsea Towers 7401 Westlake Terrace Unit 1205 Bethesda, MD 20817

West Bethesda Neighborhood

Estimated Value: $243,847 - $257,000

1 Bed
1 Bath
841 Sq Ft
$488/mo HOA Fee

Last Sold May 03, 2023

Last sale price $227,000 $270 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,003/month

Highlights

  • Fitness Center
  • 24-Hour Security
  • Multiple Balconies
  • Ashburton Elementary School Rated A
  • Community Pool
  • Eat-In Kitchen

About This Home

As of May 2023

Location! Location! Location! Welcome to 7401 Westlake Terrace, Unit 1205. This spectacular 1 bedroom, 1 bathroom condo is located in the highly desirable Chelsea Towers, behind Montgomery Mall. The home has a large combo living and dining room area with two sliding doors leading the balcony. The dining room boasts custom wainscot throughout. The home's kitchen has been updated with newer countertops and stainless steel appliances. The entire unit has gleaming Pergo wood floors. The bedroom is bright and roomy. The bedroom contains a walk-in closet and a private entrance to the unit's full bath. The updated full bath completes this unit. Multiple laundry facilities are located on each floor.

Additional highlights: 1 assigned covered parking space and assigned storage unit. The HVAC is just 5 years old and the lobby has been completely remolded. The building's amenities include: gym, outdoor pool, two tennis courts, community room, huge party room and 24 hour concierge!

Last Agent to Sell the Property

Kevin Conto

(301) 233-0433 kevin.conto@lnf.com Redfin Corp License #0225275530 Listed on: 04/05/2023

Redfin Corp

Last Buyer's Agent

Sobeida Scherif

(202) 800-8827 sobeida@realestatebyscherif.com RE/MAX Excellence Realty License #SP40002798

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,152

Year Built

  • Built in 1979

Lot Details

  • 784

HOA Fees

  • $488 Monthly HOA Fees

Home Design

  • Entry on the 12th floor
  • Brick Exterior Construction

Interior Spaces

  • 841 Sq Ft Home
  • Open Floorplan
  • Laundry on lower level

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Assigned parking located at #3
  • Private Parking
  • Parking Lot
  • 1 Assigned Parking Space

Schools

  • Ashburton Elementary School
  • North Bethesda Middle School
  • Walter Johnson High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in good condition

Listing and Financial Details

  • Assessor Parcel Number 161002319071

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, pool(s), water
  • High-Rise Condominium
  • Legum & Norman Condos, Phone Number (703) 600-6000
  • Chelsea Towers Codm Community
  • Chelsea Towers Subdivision
  • Property has 7 Levels

Amenities

  • Laundry Facilities

Recreation

Pet Policy

  • No Pets Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,152

Year Built

Built in 1979

Lot Details

0

HOA Fees

$488 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerator, Microwave, Dishwasher, Stove
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-04-05
  • Federal Flood Zone: No
  • Year Built: 1979
  • Assigned Parking Space Numbers: 3
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Water Heater, Refrigerator
  • Entry Floor: 12
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 7
  • Basement: No
  • Laundry Type: Common, Upper Floor, Main Floor, Lower Floor
  • Total Sq Ft: 841
  • Living Area Sq Ft: 841
  • Price Per Sq Ft: 261.00
  • Above Grade Finished Sq Ft: 841
  • 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: Brick, Combination
  • Exterior Features: Tennis Court(s)
  • 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: Private, Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 488.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Legum & Norman
  • Condo Co-Op Phone: 703-600-6000
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Exercise Room, Laundry Facilities, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pool(s), Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: ASHBURTON
  • High School: WALTER JOHNSON
  • Middle Or Junior School: NORTH BETHESDA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 143500.00
  • Land Assessed Value: 61500.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Good
  • Zoning: R
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13989934
  • Tax Annual Amount: 2152.00
  • Assessor Parcel Number: 161002319071
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 2, 2023
Sold by
Girmay Eyerusalem Abraha
Bought by
Stempien Richard and Mulder Evelyn Toni
Seller's Agent
Kevin Conto
Redfin Corp
Buyer's Agent
Sobeida Scherif
RE/MAX Excellence Realty
List Price
$219,500
Sold Price
$227,000
Premium/Discount to List
$7,500
3.42%
Views
38
Current Estimated Value
$250,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,212
Avg. Annual Appreciation
3.85%
Original Mortgage
$181,600
Outstanding Balance
$176,578
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$73,634

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jul 13, 2022
Sold by
Bismut Noemie A
Bought by
Girmay Eyerusalem Abraha
Seller's Agent
Charles Gilroy
REMAX Platinum Realty
Buyer's Agent
Long Ngo
Redfin Corp
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.59%

Purchase Details

Closed on
Aug 11, 2011
Sold by
Sun Alexander T
Bought by
Bismut Noemie A and Harlev Sarah

Purchase Details

Closed on
Apr 24, 2002
Sold by
Fan Dah & Nien & F F & T Rev Tr
Bought by
Sun Alexander T
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
Stempien Richard $227,000 Fidelity National Title
Stempien Richard $227,000 Fidelity National Title
Girmay Eyerusalem Abraha $205,000 Title Forward
Abraha Girmay Eyerusalem $205,000 Title Forward
Bismut Noemie A $170,000 First American Title Ins Co
Sun Alexander T $138,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stempien Richard $181,600
Closed Stempien Richard $181,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2023 05/03/23 Sold $227,000 +3.4% $270 / Sq Ft
04/05/2023 04/05/23 For Sale $219,500 +7.1% $261 / Sq Ft
07/15/2022 07/15/22 Sold $205,000 +2.6% $244 / Sq Ft View Prior Sale
07/01/2022 07/01/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $199,900 -- $238 / 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 $2,365 $205,000 $61,500 $143,500
2024 $2,365 $200,000 $0 $0
2023 $2,305 $195,000 $0 $0
2022 $2,152 $190,000 $57,000 $133,000
2021 $2,093 $185,000 $0 $0
2020 $1,976 $180,000 $0 $0
2019 $1,976 $175,000 $51,000 $124,000
2018 $1,878 $170,000 $0 $0
2017 $1,884 $165,000 $0 $0
2016 -- $160,000 $0 $0
2015 $1,090 $160,000 $0 $0
2014 $1,090 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sobeida Scherif

    Buyer's Agent in 2023

    Sobeida Scherif

    RE/MAX

    (202) 800-8827

    2 in this area

    56 Total Sales

    Sobeida Scherif
    Section Image

  • L

    Buyer's Agent in 2022

    Long Ngo

    Redfin Corp

    Long Ngo
    Section Image
See All Agents

About Chelsea Towers

Map

Source: Bright MLS

MLS Number: MDMC2087190

Bright MLS

APN: 10-02319071

Maryland Montgomery County Bethesda 20817 West Bethesda

7401 Westlake Terrace Unit 1205, Bethesda, MD

Not Listed for Sale

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