NOT LISTED FOR SALE

7923 Eastern Ave Unit 702 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $364,000 - $381,000

2 Beds
2 Baths
1,103 Sq Ft
$375/mo HOA Fee

Last Sold March 31, 2017

Last sale price $262,000 $238 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,670/month

43 Days on Market

Highlights

  • Traditional Floor Plan
  • Traditional Architecture
  • Combination Kitchen and Dining Room
  • Hayes Elementary School Rated 9+
  • 90% Forced Air Heating and Cooling System
  • 60+ Gallon Tank

About This Home

As of March 2017

This property is now under auction terms. All offers to include pre-auction offers must be submitted at hudsonandmarshall. This property is subject to a $2,000 buyer s premium pursuant to the Auction Terms & Conditions. Bank of America, N.A. employees and employees household members and HTS business partners of the Bank, are prohibited from purchasing this property, whether directly or indirectly

Last Agent to Sell the Property

Paul Sliwka

(202) 232-0600 paul@sliwkagroup.com Central Properties, LLC Listed on: 12/29/2016

Last Buyer's Agent

Keith Easton

(240) 601-3892 keasto2@gmail.com Fairfax Realty Premier License #87010

Fairfax Realty Premier

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,289

Year Built

  • Built in 2006

Lot Details

  • 44

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,103 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Combination Kitchen and Dining Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • 90% Forced Air Heating and Cooling System
  • 60+ Gallon Tank
  • Public Septic

Community Details

  • Association fees include lawn maintenance, insurance
  • High-Rise Condominium
  • Aurora Codm Community
  • Arora Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161303530467

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,289

Year Built

Built in 2006

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Historic: No
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 2006
  • Year Renovated: 2006
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Combination Kitchen/Dining, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1103
  • Living Area Sq Ft: 1103
  • Price Per Sq Ft: 271.89
  • Above Grade Finished Sq Ft: 1103
  • 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
  • Construction Materials: Brick
  • Construction Completed: No
  • 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: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 374.97
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Insurance
  • HOA: No
  • Senior Community: No

Lot Info

  • Improvement Assessed Value: 185500.00
  • Land Assessed Value: 79500.00
  • Zoning: CBD1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101161
  • Tax Annual Amount: 3288.99
  • Assessor Parcel Number: 161303530467
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2016
Closed on
Mar 30, 2017
Sold by
Bank Of America Na
Bought by
Luncheon Kim and Luncheon Frank
Seller's Agent
Paul Sliwka
Central Properties, LLC
Buyer's Agent
Keith Easton
Fairfax Realty Premier
List Price
$299,900
Sold Price
$262,000
Premium/Discount to List
-$37,900
-12.64%
Current Estimated Value
$371,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,191
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Dec 13, 2016
Sold by
Montgomery County
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 21, 2006
Sold by
Diamond Farms Associates Llc
Bought by
Beyene Mesafint

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,200
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2006
Sold by
Diamond Farms Associates Llc
Bought by
Beyene Mesafint

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,200
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Luncheon Kim $262,000 Title365
Bank Of America Na $238,500 None Available
Beyene Mesafint $335,900 --
Beyene Mesafint $335,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beyene Mesafint $318,200
Previous Owner Beyene Mesafint $318,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $262,000 -12.6% $238 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
02/03/2017 02/03/17 Price Changed $299,900 0.0% $272 / Sq Ft
02/03/2017 02/03/17 For Sale $299,900 +14.5% $272 / Sq Ft
01/04/2017 01/04/17 Off Market $262,000 -- --
01/04/2017 01/04/17 For Sale $314,900 0.0% $285 / Sq Ft
12/29/2016 12/29/16 For Sale $314,900 -- $285 / 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 $4,080 $358,333 -- --
2024 $4,080 $345,000 $103,500 $241,500
2023 $0 $341,667 $0 $0
2022 $2,727 $338,333 $0 $0
2021 $0 $335,000 $100,500 $234,500
2020 $3,570 $325,000 $0 $0
2019 $3,570 $315,000 $0 $0
2018 $2,885 $305,000 $91,500 $213,500
2017 $2,597 $291,667 $0 $0
2016 -- $278,333 $0 $0
2015 $2,961 $265,000 $0 $0
2014 $2,961 $265,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Sliwka

    Seller's Agent in 2017

    Paul Sliwka

    Central Properties, LLC

    (202) 232-0600

    65 Total Sales

    Paul Sliwka
    Section Image

  • K

    Buyer's Agent in 2017

    Keith Easton

    Fairfax Realty Premier

    (240) 601-3892

    15 Total Sales

    Keith Easton
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002510076

Bright MLS

APN: 13-03530467

Maryland Montgomery County Silver Spring 20012 Downtown Silver Spring

7923 Eastern Ave Unit 702, Silver Spring, MD

Not Listed for Sale

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