NOT LISTED FOR SALE

7425 Democracy Blvd Unit 306 Bethesda, MD 20817

West Bethesda Neighborhood

Estimated Value: $268,114 - $315,000

1 Bed
1 Bath
930 Sq Ft
$486/mo HOA Fee

Last Sold January 12, 2023

Last sale price $270,000 $290 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,237/month

17 Days on Market

Highlights

  • Lake Privileges
  • Community Lake
  • Engineered Wood Flooring
  • Ashburton Elementary School Rated A
  • Art Deco Architecture
  • Heated Community Pool

About This Home

As of January 2023

This extraordinary, well located, recently updated large 1 bedroom 1 bathroom top floor condo is a rare opportunity to live in the popular smaller and quiet Westlake community, close to Montgomery Mall, Cabin John Park, and I-270 with easy access to DC, Virginia, and I- 495. Enjoy a morning coffee or an afternoon glass of wine off the beautiful balcony overlooking the tennis/pickleball court and trees or take a swim in the easily accessible community pool overlooking the lake, a unique waterfront feature in the DC area. Updates include: professional painting and upgraded waterproof vinyl wood flooring throughout; new white kitchen cabinets and hardware; upgraded stainless steel LG appliances, including the new LG Wash Dryer Tower; new granite countertops in the kitchen and bathroom; new bathroom vanity and lighting; upgraded toilet; and, new ceiling lighting, door hardware, and faucets. The unit features a large walk-in closet, linen closet, kitchen pantry, and extra private storage off of the third floor hallway. Truly Washington Metropolitan Area Living at its Finest

Last Agent to Sell the Property

Teresa Craig

(301) 961-6000 terecraig@aol.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 11/18/2022

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Leyla Torres

(301) 728-5088 leylatorres.realtor@gmail.com Samson Properties License #0225235854

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,281

Year Built

  • Built in 1975

Lot Details

  • 2,439

HOA Fees

  • $486 Monthly HOA Fees

Home Design

  • Art Deco Architecture
  • Entry on the 3rd floor
  • Flat Roof Shape
  • Brick Front

Interior Spaces

  • 930 Sq Ft Home
  • Property has 4 Levels
  • Engineered Wood Flooring

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • Handicap Parking
  • Free Parking
  • Paved Parking
  • Parking Lot
  • Parking Permit Included
  • Unassigned Parking

Outdoor Features

  • Lake Privileges
  • Balcony
  • Exterior Lighting

Schools

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

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 161001700044

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), road maintenance, sewer, snow removal, trash, water
  • Low-Rise Condominium
  • Abaris Realty Condos, Phone Number (301) 468-8919
  • Westlake Park Bldg B Cod,Westlake Park Bl Community
  • Westlake Terrace Subdivision
  • Community Lake

Amenities

  • Common Area
  • Meeting Room
  • Party Room
  • Community Library
  • 2 Elevators

Recreation

  • Tennis Courts
  • Racquetball
  • Heated Community Pool
  • Lap or Exercise Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,281

Year Built

Built in 1975

Lot Details

0

HOA Fees

$486 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Art Deco
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Engineered Wood
  • Fireplace: No
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 930
  • Living Area Sq Ft: 930
  • Price Per Sq Ft: 290.32
  • Above Grade Finished Sq Ft: 930
  • 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: Block, Brick Front
  • Exterior Features: Exterior Lighting, Tennis Court(s)
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Free, Handicap Parking, Paved Parking, Paved Driveway, Permit Included, Unassigned
  • 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: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Water Available, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 486.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Abaris Realty
  • Condo Co-Op Phone: 301-468-8919
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Lake, Library, Meeting Room, Party Room, Pool - Outdoor, Racquet Ball, Swimming Pool, Tennis Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Road Maintenance, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Filtered, Fenced, Concrete, Heated, In Ground, Lap/Exercise

Fee Information

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

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • 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: 140000.00
  • Land Assessed Value: 60000.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Zoning: 011
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13986759
  • Tax Annual Amount: 2281.00
  • Assessor Parcel Number: 161001700044
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Jan 10, 2023
Sold by
Roberts C Shannon
Bought by
Hashemi Narges
Seller's Agent
Teresa Craig
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Leyla Torres
Samson Properties
List Price
$310,000
Sold Price
$270,000
Premium/Discount to List
-$40,000
-12.9%
Views
12
Current Estimated Value
$291,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,029
Avg. Annual Appreciation
2.63%
Original Mortgage
$234,740
Outstanding Balance
$227,034
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$63,995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hashemi Narges $270,000 Capitol Title
Hashemi Narges $270,000 Capitol Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hashemi Narges $234,740
Closed Hashemi Narges $234,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $270,000 0.0% $290 / Sq Ft
01/01/2023 01/01/23 Off Market $270,000 -- --
12/05/2022 12/05/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $310,000 -- $333 / 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 $2,616 $230,000 $69,000 $161,000
2024 $2,616 $220,000 $0 $0
2023 $2,497 $210,000 $0 $0
2022 $1,612 $200,000 $60,000 $140,000
2021 $2,239 $196,667 $0 $0
2020 $2,200 $193,333 $0 $0
2019 $2,141 $190,000 $57,000 $133,000
2018 $2,145 $190,000 $57,000 $133,000
2017 $2,459 $190,000 $0 $0
2016 -- $210,000 $0 $0
2015 $2,284 $210,000 $0 $0
2014 $2,284 $210,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Teresa Craig

    Seller's Agent in 2023

    Teresa Craig

    BHHS PenFed (actual)

    (301) 961-6000

    7 in this area

    29 Total Sales

    Teresa Craig
    Section Image
  • Leyla Torres

    Buyer's Agent in 2023

    Leyla Torres

    Samson Properties

    (301) 728-5088

    2 in this area

    125 Total Sales

    Leyla Torres
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2075196

Bright MLS

APN: 10-01700044

Maryland Montgomery County Bethesda 20817 West Bethesda

7425 Democracy Blvd Unit 306, Bethesda, MD

Not Listed for Sale

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