NOT LISTED FOR SALE

Eastern Village Cohousing 7981 Eastern Ave Unit 201 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $386,000 - $432,000

2 Beds
2 Baths
860 Sq Ft
$311/mo HOA Fee

Last Sold May 22, 2012

Last sale price $250,000 $291 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,762/month

201 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Traditional Floor Plan
  • Hayes Elementary School Rated 9+
  • Contemporary Architecture
  • Day Care Facility

About This Home

As of May 2012

FIRST YEAR CONDO DUES PAID BY SELLER! 2 BEDROOM, 2 BATH UNIT IN DESIRABLE CO-HOUSING. TONS OF NATURAL LIGHT, AMPLE CLOSETS, ROOFTOP DECK & GARDENS & GREEN COURTYARD. LOW UTILITY COSTS & CONDO FEES. PET FRIENDLY AND NEIGHBORS THAT HELP EACH OTHER OUT- A VERY SPECIAL COMMUNITY. GARAGE PKG NEXT DOOR, 10 MINUTE WALK TO METRO & DOWNTOWN SILVER SPRING.

Last Agent to Sell the Property

Cynthia Holland

(301) 452-1075 cindy.holland@lnf.com Long & Foster Real Estate, Inc. License #SP98359524 Listed on: 09/09/2011

Long & Foster Real Estate, Inc.

Co-Listed By

Peggy Speaker

Peggy.Speaker@LNF.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,653

Year Built

  • Built in 2004

Lot Details

  • 44

HOA Fees

  • $311 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Vegetated Roof

Interior Spaces

  • 860 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Site Parking for Rent
  • On-Street Parking

Utilities

  • Geothermal Heating and Cooling
  • Satellite Dish

Additional Features

  • Accessible Elevator Installed
  • Playground
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161303449333

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, gas, high speed internet, management, insurance, reserve funds, sewer, snow removal, trash, water
  • 56 Units
  • Low-Rise Condominium
  • Eastern Village Co Housing Community
  • Silver Spring Subdivision
  • The community has rules related to renting

Amenities

  • Day Care Facility
  • Picnic Area
  • Common Area
  • Clubhouse
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room
  • Community Dining Room
  • Community Library
  • Guest Suites
  • Elevator

Recreation

  • Community Playground
  • Fitness Center

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,653

Year Built

Built in 2004

Lot Details

0

HOA Fees

$311 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2004
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Kitchen - Galley, Breakfast Area, Elevator, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 860
  • Living Area Sq Ft: 860
  • Price Per Sq Ft: 319.77
  • Above Grade Finished Sq Ft: 860
  • 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
  • Exterior Features: Play Area
  • Roof: Vegetated
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: On-Site - Rent
  • Type Of Parking: On Street

Utilities

  • Refuse: 16.42
  • Central Air Conditioning: No
  • Cooling Fuel: Geothermal
  • Cooling Type: Geothermal
  • Heating Fuel: Geo-Thermal
  • Heating Type: Geothermal Heat Pump
  • Heating: Yes
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 311.38
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Billiard Room, Club House, Common Grounds, Community Center, Day Care, Dining Rooms, Elevator, Exercise Room, Guest Suites, Library, Meeting Room, Party Room, Picnic Area, Satellite Tv, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, High Speed Internet, Management, Insurance, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA Condo Co-Op Rules: Pets - Allowed, Renting
  • HOA: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 210000.00
  • Land Assessed Value: 90000.00
  • Outdoor Living Structures: Roof
  • Property Condition: Very Good
  • Zoning: CBD1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14096189
  • Tax Annual Amount: 3652.56
  • Assessor Parcel Number: 161303449333
  • County Tax Payment Frequency: Annually
  • Tax Year: 2010

Multi Family

  • Metering: Fully Separate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2011
Closed on
May 1, 2012
Sold by
Heltzel David A and Bandaranayake Ilian
Bought by
Posner David Alexander
Seller's Agent
Cynthia Holland
Long & Foster Real Estate, Inc.
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
$401,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,697
Avg. Annual Appreciation
3.56%
Original Mortgage
$100,000
Outstanding Balance
$69,285
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$332,412

Purchase Details

Closed on
May 13, 2005
Sold by
Stephens Lottie
Bought by
Heltzel David A
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
Posner David Alexander $250,000 First American Title Insuran
Heltzel David A $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Posner David Alexander $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2012 05/22/12 Sold $250,000 -9.1% $291 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
09/09/2011 09/09/11 For Sale $275,000 -- $320 / 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 $4,037 $356,667 -- --
2024 $4,037 $340,000 $102,000 $238,000
2023 $3,247 $331,667 $0 $0
2022 $2,606 $323,333 $0 $0
2021 $2,892 $315,000 $94,500 $220,500
2020 $2,836 $310,000 $0 $0
2019 $2,777 $305,000 $0 $0
2018 $2,727 $300,000 $90,000 $210,000
2017 $2,470 $283,333 $0 $0
2016 -- $266,667 $0 $0
2015 $3,097 $250,000 $0 $0
2014 $3,097 $250,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Cynthia Holland

    Long & Foster

    Section Image

  • P

    Seller Co-Listing Agent in 2012

    Peggy Speaker

    Long & Foster

    Section Image

  • N

    Buyer's Agent in 2012

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

About Eastern Village Cohousing

Map

Source: Bright MLS

MLS Number: 1004580736

Bright MLS

APN: 13-03449333

Maryland Montgomery County Silver Spring 20012 Downtown Silver Spring

7981 Eastern Ave Unit 201, Silver Spring, MD

Not Listed for Sale

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