NOT LISTED FOR SALE

7923 Eastern Ave Unit 506 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $367,000 - $421,000

2 Beds
2 Baths
1,094 Sq Ft
$393/mo HOA Fee

Last Sold September 30, 2020

Last sale price $360,000 $329 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,775/month

3 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • Hayes Elementary School Rated 9+
  • Party Room
  • High-Rise Condominium

About This Home

As of September 2020

This is the one you have been waiting for! Best lay-out of any 2bed/2bath unit in the building with this quiet corner unit with a large kitchen with island and larger master bedroom. The whole unit is light, bright and incredibly open. Granite countertops, wood flooring, stainless steel appliances, and brand new HVAC system. Located in the heart of everything you need in downtown Silver Spring, with convenient access to vibrant Takoma Park, DC. Walk to metro, entertainment, dining, shopping including a newly built Target - you name it. Get ready to see it soon because it will not last. Amenity-rich building with secure entry, club room, elegant lobby, fitness center, and quiet courtyards.

Last Agent to Sell the Property

Lisa Greaves

(240) 388-9383 Lisa.Greaves@Redfin.com Redfin Corp License #SP40002315 Listed on: 08/27/2020

Redfin Corp

Last Buyer's Agent

Isaiah hazward

(240) 778-5983 isaiah@imhomebound.com Coldwell Banker Realty License #SP200200750

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,457

Year Built

  • Built in 1965

Lot Details

  • 44

HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor

Interior Spaces

  • 1,094 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303530387

Community Details

Overview

  • Association fees include custodial services maintenance, gas, lawn maintenance, management, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Aurora Codm Community
  • Arora Hills Subdivision

Amenities

  • Party Room

Recreation

  • Fitness Center

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,457

Year Built

Built in 1965

Lot Details

0

HOA Fees

$393 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-08-27
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1094
  • Living Area Sq Ft: 1094
  • Price Per Sq Ft: 328.98
  • Above Grade Finished Sq Ft: 1094
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 290.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 103.14
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Party Room
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Gas, Lawn Maintenance, Management, Sewer, Snow Removal, Trash, Water
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 227500.00
  • Land Assessed Value: 97500.00
  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101153
  • Tax Annual Amount: 3457.00
  • Assessor Parcel Number: 161303530387
  • 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
Aug 27, 2020
Closed on
Sep 30, 2020
Sold by
Shelton Ashley N
Bought by
Castro Hugo and Castro Jessica
Seller's Agent
Lisa Greaves
Redfin Corp
Buyer's Agent
Isaiah hazward
Coldwell Banker Realty
List Price
$359,900
Sold Price
$360,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$386,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,027
Avg. Annual Appreciation
1.36%
Original Mortgage
$341,586
Outstanding Balance
$303,823
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$82,204

Purchase Details

Listed on
May 19, 2016
Closed on
Jul 25, 2016
Sold by
Olego Fidel and Olego Maria
Bought by
Shelton Ashley Nicole
Seller's Agent
Carmen Fontecilla
Compass
Buyer's Agent
Dina Paxenos
Northgate Realty, LLC
List Price
$326,000
Sold Price
$321,000
Premium/Discount to List
-$5,000
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.77%
Original Mortgage
$311,370
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2006
Sold by
Diamond Farms Associates Llc
Bought by
Olego Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,100
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2006
Sold by
Diamond Farms Associates Llc
Bought by
Olego Fidel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,100
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Castro Hugo $360,000 Rgs Title Llc
Shelton Ashley Nicole $321,000 District Title
Olego Fidel $303,900 --
Olego Fidel $303,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Hugo $341,586
Previous Owner Shelton Ashley Nicole $311,370
Previous Owner Olego Fidel $243,100
Previous Owner Olego Fidel $243,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2020 09/30/20 Sold $360,000 0.0% $329 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $359,900 +12.1% $329 / Sq Ft
07/25/2016 07/25/16 Sold $321,000 -1.5% $293 / Sq Ft View Prior Sale
06/17/2016 06/17/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $326,000 -- $298 / 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 $4,198 $368,333 -- --
2024 $4,198 $355,000 $106,500 $248,500
2023 $3,390 $345,000 $0 $0
2022 $3,109 $335,000 $0 $0
2021 $2,992 $325,000 $97,500 $227,500
2020 $5,761 $315,000 $0 $0
2019 $2,766 $305,000 $0 $0
2018 $2,659 $295,000 $88,500 $206,500
2017 $2,480 $281,667 $0 $0
2016 $2,836 $268,333 $0 $0
2015 $2,836 $255,000 $0 $0
2014 $2,836 $255,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Isaiah hazward

    Buyer's Agent in 2020

    Isaiah hazward

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (240) 778-5983

    111 Total Sales

    Isaiah hazward
    Section Image
  • Carmen Fontecilla

    Seller's Agent in 2016

    Carmen Fontecilla

    Compass

    (301) 908-6672

    70 in this area

    282 Total Sales

    Carmen Fontecilla
    Section Image
  • Dina Paxenos

    Buyer's Agent in 2016

    Dina Paxenos

    Northgate Realty, LLC

    (202) 256-1624

    70 Total Sales

    Dina Paxenos
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC722062

Bright MLS

APN: 13-03530387

Maryland Montgomery County Silver Spring 20012 Downtown Silver Spring

7923 Eastern Ave Unit 506, Silver Spring, MD

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes