NOT LISTED FOR SALE

Chelsea Towers 7401 Westlake Terrace Unit 501 Bethesda, MD 20817

West Bethesda Neighborhood

Estimated Value: $343,138 - $365,000

3 Beds
2 Baths
1,304 Sq Ft
$788/mo HOA Fee

Last Sold June 18, 2024

Last sale price $320,000 $245 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,953/month

40 Days on Market

Highlights

  • Fitness Center
  • Community Pool
  • Party Room
  • Ashburton Elementary School Rated A
  • Tennis Courts
  • 1 Car Attached Garage

About This Home

As of June 2024

Welcome to the peak of convenient living! A short, peaceful walk away from all the Westfield Montgomery Mall, less than a mile from 270/495, and a plethora of amenities right inside of the Chelsea Towers property! This property offers three bedrooms and two full bathrooms at a price that is hard to find in Bethesda. A corner-unit condo that only shares 1 common wall. If that was not enough to entice you, this property also feeds into some of the most highly rated public schools in Montgomery County! Schedule your tour today, and check out this deal while it lasts!

Last Agent to Sell the Property

Jordan Stouch

(717) 357-4205 jstouch@craigfauver.com Craig Fauver Real Estate Listed on: 04/17/2024

Last Buyer's Agent

Larry Giammo

(301) 213-5678 larry@larrygiammo.com Taylor Properties

Taylor Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,572

Year Built

  • Built in 1979

Lot Details

  • 1 Common Wall
  • Property is in very good condition

HOA Fees

  • $788 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Assigned Parking Space

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,304 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161002318407

Community Details

Overview

  • Association fees include common area maintenance, management, parking fee, pool(s), recreation facility, reserve funds, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Chelsea Towers Codm Community
  • Chelsea Towers Subdivision

Amenities

  • Party Room

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,572

Year Built

Built in 1979

Lot Details

0

HOA Fees

$788 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Inclusions: Refer to Listing Agreement Document
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-04-17
  • Federal Flood Zone: No
  • Year Built: 1979
  • Automatically Close On Close Date: Yes
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1304
  • Living Area Sq Ft: 1304
  • Price Per Sq Ft: 276.07
  • Above Grade Finished Sq Ft: 1304
  • 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, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central, 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: 788.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Exercise Room, Extra Storage, Fitness Center, Party Room, Security, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: 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

Lot Info

  • Property Condition: Very Good
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 3572.00
  • Assessor Parcel Number: 161002318407
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Jun 26, 2024
Sold by
Kaibni Qustandi Q and Kaibni Naheda
Bought by
Butler Ashley Lennie
Seller's Agent
Jordan Stouch
Craig Fauver Real Estate
Buyer's Agent
Larry Giammo
Taylor Properties
List Price
$425,000
Sold Price
$320,000
Premium/Discount to List
-$105,000
-24.71%
Views
341
Current Estimated Value
$351,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,035
Avg. Annual Appreciation
6.59%

Purchase Details

Closed on
Sep 3, 2003
Sold by
Foroozanfar Nooshin
Bought by
Kaibni Questandi Q and Kaibni Naheda
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
Butler Ashley Lennie $320,000 First American Title
Butler Ashley Lennie $320,000 First American Title
Kaibni Questandi Q $265,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $320,000 -11.1% $245 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/17/2024 05/17/24 Price Changed $360,000 -2.7% $276 / Sq Ft
05/07/2024 05/07/24 Price Changed $370,000 -5.1% $284 / Sq Ft
05/01/2024 05/01/24 Price Changed $390,000 -2.5% $299 / Sq Ft
04/23/2024 04/23/24 Price Changed $400,000 -5.9% $307 / Sq Ft
04/17/2024 04/17/24 For Sale $425,000 -- $326 / 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 $3,804 $315,000 $94,500 $220,500
2024 $3,804 $325,000 $0 $0
2023 $2,880 $305,000 $0 $0
2022 $2,297 $285,000 $85,500 $199,500
2021 $2,503 $285,000 $85,500 $199,500
2020 $2,116 $285,000 $85,500 $199,500
2019 $2,497 $285,000 $84,000 $201,000
2018 $2,300 $266,667 $0 $0
2017 $1,997 $248,333 $0 $0
2016 -- $230,000 $0 $0
2015 $2,205 $230,000 $0 $0
2014 $2,205 $230,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Stouch

    Seller's Agent in 2024

    Jordan Stouch

    Craig Fauver Real Estate

    (717) 357-4205

    1 in this area

    11 Total Sales

    Jordan Stouch
    Section Image
  • Larry Giammo

    Buyer's Agent in 2024

    Larry Giammo

    Taylor Properties

    (301) 213-5678

    1 in this area

    29 Total Sales

    Larry Giammo
    Section Image
See All Agents

About Chelsea Towers

Map

Source: Bright MLS

MLS Number: MDMC2126912

Bright MLS

APN: 10-02318407

Maryland Montgomery County Bethesda 20817 West Bethesda

7401 Westlake Terrace Unit 501, Bethesda, MD

Not Listed for Sale

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