NOT LISTED FOR SALE

Eastern Village Cohousing 7981 Eastern Ave Unit 317 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $479,000 - $574,000

2 Beds
2 Baths
1,260 Sq Ft
$613/mo HOA Fee

Last Sold February 22, 2022

Last sale price $485,000 $385 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,801/month

Highlights

  • Fitness Center
  • Gated Community
  • Wood Flooring
  • Hayes Elementary School Rated 9+
  • Contemporary Architecture
  • Game Room

About This Home

As of February 2022

SOLD

Last Agent to Sell the Property

Andrew Essreg

(202) 379-8881 aessreg@gmail.com RLAH @properties License #657002 Listed on: 01/16/2022

RLAH @properties

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,648

Year Built

  • Built in 2005

Lot Details

  • Property is in very good condition

HOA Fees

  • $613 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Vegetated Roof

Interior Spaces

  • 1,260 Sq Ft Home
  • Property has 2 Levels
  • Wood Flooring

Bedrooms and Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

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

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Construction
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Green Energy Flooring

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 161303449628

Community Details

Overview

  • Association fees include common area maintenance, gas, high speed internet, management, reserve funds, snow removal, sewer, trash, water, exterior building maintenance
  • Low-Rise Condominium
  • Eastern Village Co Housing Condominium Condos
  • Eastern Village Cohousing Comm Community
  • Silver Spring Subdivision
  • Property Manager

Amenities

  • Common Area
  • Game Room
  • Meeting Room
  • Community Library
  • Elevator
  • Community Storage Space

Recreation

  • Community Playground
  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,648

Year Built

Built in 2005

Lot Details

0

HOA Fees

$613 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-01-22
  • Federal Flood Zone: No
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Hardwood
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 384.92
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Roof: Vegetated
  • Spa: No
  • 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, Off Site

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Geothermal
  • Cooling Type: Central A/C, Zoned, Geothermal, Heat Pump(s)
  • Heating Fuel: Geo-Thermal
  • Heating Type: Central, Forced Air, Zoned
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 613.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Eastern Village Co-Housing Condominium
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Extra Storage, Fitness Center, Game Room, Gated Community, Library, Meeting Room, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Gas, High Speed Internet, Management, Reserve Funds, Snow Removal, Sewer, Trash, Water, Ext Bldg Maint
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Appliances, Construction, Flooring, Hvac, Lighting
  • Clean Green Assessed: No
  • Green Sustainability: Conserving Materials/Methods, Onsite Recycling Center, Renewable Materials, Recycled Materials
  • Green Water Conservation: Water-Smart Landscaping, Green Infrastructure

Lot Info

  • Improvement Assessed Value: 286700.00
  • Land Assessed Value: 122800.00
  • Property Condition: Very Good
  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14096218
  • Tax Annual Amount: 4648.00
  • Assessor Parcel Number: 161303449628
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2022
Closed on
Feb 22, 2022
Sold by
Thompson Jean M
Bought by
Showalter Thomas and Oyedele Judy
Seller's Agent
Andrew Essreg
RLAH @properties
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$521,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,311
Avg. Annual Appreciation
1.93%
Original Mortgage
$388,000
Outstanding Balance
$361,867
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$159,444

Purchase Details

Closed on
Apr 2, 2020
Sold by
Savole Brian Christopher
Bought by
Thompson Paul M and Thompson Jean M
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
Showalter Thomas $485,000 First American Title
Thompson Paul M $460,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Showalter Thomas $388,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2022 02/22/22 Sold $485,000 0.0% $385 / Sq Ft
01/16/2022 01/16/22 Pending -- -- --
01/16/2022 01/16/22 For Sale $485,000 0.0% $385 / Sq Ft
01/16/2022 01/16/22 Price Changed $485,000 -- $385 / 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 $5,329 $460,000 -- --
2024 $5,329 $450,000 $135,000 $315,000
2023 $5,864 $436,500 $0 $0
2022 $4,114 $423,000 $0 $0
2021 $8,071 $409,500 $122,800 $286,700
2020 $7,768 $403,000 $0 $0
2019 $3,808 $396,500 $0 $0
2018 $4,402 $390,000 $117,000 $273,000
2017 $3,566 $375,000 $0 $0
2016 -- $360,000 $0 $0
2015 $3,660 $345,000 $0 $0
2014 $3,660 $345,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Essreg

    Seller's Agent in 2022

    Andrew Essreg

    Real Living at Home

    (202) 379-8881

    5 in this area

    144 Total Sales

    Andrew Essreg
    Section Image
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About Eastern Village Cohousing

Map

Source: Bright MLS

MLS Number: MDMC2031020

Bright MLS

APN: 13-03449628

Maryland Montgomery County Silver Spring 20012 Downtown Silver Spring

7981 Eastern Ave Unit 317, Silver Spring, MD

Not Listed for Sale

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