NOT LISTED FOR SALE

8020 Needwood Rd Unit T102 Derwood, MD 20855

Estimated Value: $291,626 - $319,000

2 Beds
2 Baths
1,129 Sq Ft
1985 Built

Sale Details

Date Sold: January 25, 2021

Last sale price $290,000 $257 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,379 / mo

61 Days on Market

Highlights

  • Fitness Center
  • Gourmet Galley Kitchen
  • Clubhouse
  • Candlewood Elementary School Rated A
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of January 2021

INVESTOR OPPORTUNITY ONLY! Condo is leased by an excellent tenant through June 2023. Completely reimagined, this 2 bed/2 bath condo is unlike anything you've seen in Mallard Cove. State-of-the-art custom kitchen with sleek white cabinets, granite counters, high-end stainless appliances & sunlit breakfast area with remote motorized shades. Separate dining area, gleaming wood floors, modern bathrooms to rival any boutique hotel, spacious bedrooms, incredible custom walk-in closet with barn door. New windows, Nest thermostat, Nest smoke/carbon detectors, front loading washer and dryer in unit, and a custom-tiled patio. TWO garages, one additional assigned exterior space, separate secure STORAGE, fitness center, tennis and pool make this a once in a lifetime offering. Outstanding location, walking distance to red line METRO and new Westside at Shady Grove development. Hop, skip and jump to the ICC /200, 270, Starbucks, Safeway, King Farm, Crown and Rio. Great opportunity to buy under $300k and benefit from future growth in the area. *Current Lease amount is $2,050, only one garage included in lease, second garage can be sold or rented out by new owner.*

Last Agent to Sell the Property

Danielle Mannix

(301) 304-8444 agentmannix@gmail.com Compass License #617449 Listed on: 10/09/2020

Compass

Last Buyer's Agent

Norman Walters

(301) 740-9900 norm@normwalters.com Red Maple Realtors Inc. License #90894

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,521

Year Built

  • Built in 1985

HOA Fees

  • $464 Monthly HOA Fees

Parking

  • Assigned parking located at #Space -37; Garage -17 & 19
  • Garage Door Opener
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 1,129 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Replacement Windows
  • Window Treatments
  • Wood Flooring

Kitchen

  • Gourmet Galley Kitchen
  • Breakfast Area or Nook
  • Stove
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160903464008

Community Details

Overview

  • Association fees include common area maintenance, pool(s), trash
  • $150 Other One-Time Fees
  • Low-Rise Community
  • Mallard Cove Cod Community
  • Mallard Cove Condominiums Subdivision

Amenities

  • Common Area
  • Clubhouse
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,521

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$464 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Assigned Parking Space Numbers: Space -37; Garage -17 & 19
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Wood
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Floor Plan - Open, Kitchen - Galley, Kitchen - Gourmet, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors
  • Window Features: Replacement
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1129
  • Living Area Sq Ft: 1129
  • Price Per Sq Ft: 264.84
  • Above Grade Finished Sq Ft: 1129
  • 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: Brick
  • Exterior Features: Secure Storage
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Covered Parking, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 464.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bike Trail, Club House, Common Grounds, Extra Storage, Fitness Center, Jog/Walk Path, Pool - Outdoor, Reserved/Assigned Parking, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Trash
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Other Fees: 150.00
  • Other Fees Frequency: One Time

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 161000.00
  • Land Assessed Value: 69000.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Zoning: PD5
  • In City Limits: No

Rental Info

  • Total Actual Rent: 24600.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095904
  • Tax Annual Amount: 2521.00
  • Assessor Parcel Number: 160903464008
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Jan 25, 2021
Sold by
Scott Stephen
Bought by
Gupta Ranjan
Seller's Agent
Danielle Mannix
Compass
Buyer's Agent
Norman Walters
Red Maple Realtors Inc.
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%
Current Estimated Value
$308,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,885
Avg. Annual Appreciation
0.80%
Original Mortgage
$217,500
Outstanding Balance
$194,530
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$108,127

Purchase Details

Closed on
May 9, 2005
Sold by
Redline Express & Whm Limited
Bought by
Scott Stephen

Purchase Details

Closed on
Apr 29, 2005
Sold by
Redline Express & Whm Limited
Bought by
Scott Stephen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Gupta Ranjan $290,000 Rgs Title Llc
Scott Stephen $282,250 --
Scott Stephen $282,250 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Gupta Ranjan $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2021 01/25/21 Sold $290,000 -3.0% $257 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $299,000 0.0% $265 / Sq Ft
06/04/2018 06/04/18 Rented $1,850 +5.7% --
05/03/2018 05/03/18 Under Contract -- -- --
04/06/2018 04/06/18 For Rent $1,750 +1.4% --
03/15/2017 03/15/17 Rented $1,725 -4.2% --
02/28/2017 02/28/17 Under Contract -- -- --
01/26/2017 01/26/17 For Rent $1,800 -- --
Source: Bright MLS

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 $2,876 $246,667 -- --
2024 $2,876 $243,333 $0 $0
2023 $2,835 $240,000 $72,000 $168,000
2022 $2,678 $236,667 $0 $0
2021 $2,636 $233,333 $0 $0
2020 $3,811 $230,000 $69,000 $161,000
2019 $3,659 $223,333 $0 $0
2018 $1,687 $216,667 $0 $0
2017 $1,683 $210,000 $0 $0
2016 $902 $201,667 $0 $0
2015 $902 $193,333 $0 $0
2014 $902 $185,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Danielle Mannix

    Seller's Agent in 2021

    Danielle Mannix

    Compass

    (301) 370-6505

    1 in this area

    71 Total Sales

    Danielle Mannix
    Section Image

  • N

    Buyer's Agent in 2021

    Norman Walters

    Red Maple Realtors Inc.

    (301) 740-9900

    1 in this area

    15 Total Sales

    Norman Walters
    Section Image

  • H

    Buyer's Agent in 2017

    Helen Warvariv

    Long & Foster

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC728578

Bright MLS

APN: 09-03464008

Maryland Montgomery County Derwood 20855

8020 Needwood Rd Unit T102, Derwood, MD

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