NOT LISTED FOR SALE

8020 Needwood Rd Derwood, MD 20855

Estimated Value: $284,000 - $321,000

2 Beds
2 Baths
1,143 Sq Ft
$424/ mo HOA Fee

Last Sold July 12, 2022

Last sale price $288,500 $252 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,259/month

19 Days on Market

Highlights

  • Fitness Center
  • View of Trees or Woods
  • Deck
  • Candlewood Elementary School Rated A
  • Clubhouse
  • Contemporary Architecture

About This Home

As of July 2022

Ready for you to move in! Top floor with skylight & cathedral ceiling! Two bedrooms, two full bathrooms with green and pool views in a convenient and attractive community near the Shady Grove Metro Station (red line), bus stops, and Rt. 355.

Enter into the bright and open living room and shared dining area with a sliding door leading to the cozy concrete balcony overlooking the greens. A small storage room is on the balcony. The dining area comfortably seats 6. The kitchen leads to a breakfast area with a floor-to-ceiling scene window and two skylight windows right to the balcony through a second sliding door.
On the other side of the hallway are the utility and the laundry room with a full-size washer and dryer. Then, you can find the first
bedroom and the hallway bathroom. Further down is the spacious main bedroom/suite which includes a closet, separate vanity, and bathtub. The community is located within walking distance of the Shady Grove Metro Station and Rt. 355 which has many retailers. The community features a pool, party/exercise room, playgroup, etc. It is also near Needwood Golf Course, Rt. 270, and the Montgomery College, Rock Creek Park, Blueberry Hill park, etc. It is among business, retails, transportation and parks.

Last Agent to Sell the Property

Vivian Hsieh

(301) 738-7900 myrealtorteam@gmail.com United Realty, Inc. License #317481 Listed on: 05/20/2022

Co-Listed By

Austin Hsu

(301) 738-7900 austin7h@gmail.com United Realty, Inc. License #520968

Last Buyer's Agent

Phil Reding

(301) 658-6186 phil.reding@redfin.com Redfin Corp License #5008663

Redfin Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1985

Lot Details

  • Property is in good condition

HOA Fees

  • $424 Monthly HOA Fees

Property Views

  • Woods
  • Garden

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Asphalt Roof
  • Asphalt

Interior Spaces

  • 1,143 Sq Ft Home
  • Property has 4 Levels
  • Skylights
  • Window Treatments
  • Bay Window
  • Sliding Windows
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer

Parking

  • Assigned parking located at #47
  • Lighted Parking
  • Driveway
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Sport Court
  • Deck
  • Screened Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • 120/240V
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 160903464087

Community Details

Overview

  • Association fees include lawn care rear, lawn care side, lawn maintenance, management, parking fee, pool(s), road maintenance, sewer, snow removal, trash
  • Mallard Cove Condominiums
  • Mallard Cove Condominiums Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Community Center

Recreation

  • Fitness Center
  • Fenced Community Pool
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,416

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$424 per month

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-05-19
  • Federal Flood Zone: No
  • Year Built: 1985
  • Assigned Parking Space Numbers: 47
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Dryer - Electric, Oven - Single, Oven/Range - Electric, Refrigerator, Microwave
  • Entry Floor: 2
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Skylight(s), Window Treatments
  • Window Features: Skylights, Sliding, Bay/Bow
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1143
  • Living Area Sq Ft: 1143
  • Price Per Sq Ft: 253.63
  • Above Grade Finished Sq Ft: 1143
  • 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: Asphalt, Combination
  • Exterior Features: Exterior Lighting, Sidewalks, Sport Court, Street Lights, Tennis Court(s)
  • Roof: Asphalt
  • Spa: No
  • View: Garden/Lawn, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Lighted Parking, Asphalt Driveway, Paved Driveway, Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Phone Available, Under Ground, Water Available, Other
  • Water Source: Public
  • Internet Services: Cable, Other

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 424.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Mallard Cove Condominiums
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Community Center, Exercise Room, Picnic Area, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Parking Fee, Pool(s), Road Maintenance, Sewer, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete, Fenced, Filtered, In Ground, Permits

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 154000.00
  • Land Assessed Value: 66000.00
  • Outdoor Living Structures: Deck(s), Patio(s), Screened
  • Property Condition: Good
  • Zoning: PD5
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095912
  • Tax Annual Amount: 2416.00
  • Assessor Parcel Number: 160903464087
  • 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
May 20, 2022
Closed on
Jul 12, 2022
Sold by
Wu Hanchang and Wu Ling
Bought by
Morton Julie Ann
Seller's Agent
Vivian Hsieh
United Realty, Inc.
Buyer's Agent
Phil Reding
Redfin Corp
List Price
$289,900
Sold Price
$288,500
Premium/Discount to List
-$1,400
-0.48%
Current Estimated Value
$303,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,233
Avg. Annual Appreciation
1.40%
Original Mortgage
$8,498
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2006
Sold by
Hsieh Piin
Bought by
Wu Hanchang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2006
Sold by
Hsieh Piin
Bought by
Wu Hanchang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2005
Sold by
Hsieh Piin
Bought by
Hsieh Pii and Austin Hsu
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

Date Buyer Sale Price Title Company
Morton Julie Ann $288,500 Stewart Title Guaranty Company
Morton Julie Ann $288,500 Stewart Title Guaranty Company
Wu Hanchang $290,000 --
Wu Hanchang $290,000 --
Hsieh Pii -- --
Hsieh Pii $275,999 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morton Julie Ann $8,498
Previous Owner Morton Julie Ann $283,274
Previous Owner Wu Hanchang $232,000
Previous Owner Wu Hanchang $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2022 07/12/22 Sold $288,500 -0.5% $252 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $289,900 0.0% $254 / Sq Ft
05/18/2019 05/18/19 Rented $1,690 0.0% --
04/22/2019 04/22/19 Price Changed $1,690 -3.4% $1 / Sq Ft
04/20/2019 04/20/19 For Rent $1,750 +16.7% --
04/08/2015 04/08/15 Rented $1,500 -3.2% --
04/08/2015 04/08/15 Under Contract -- -- --
11/17/2014 11/17/14 For Rent $1,550 -- --
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 $2,857 $263,333 -- --
2024 $2,857 $241,667 $0 $0
2023 $1,912 $220,000 $66,000 $154,000
2022 $2,458 $216,667 $0 $0
2021 $2,416 $213,333 $0 $0
2020 $2,377 $210,000 $63,000 $147,000
2019 $2,374 $210,000 $63,000 $147,000
2018 $2,379 $210,000 $63,000 $147,000
2017 $2,375 $210,000 $0 $0
2016 $2,660 $201,667 $0 $0
2015 $2,660 $193,333 $0 $0
2014 $2,660 $185,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2051374

Bright MLS

APN: 09-03464087

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