NOT LISTED FOR SALE

8040 Needwood Rd Unit 101 Derwood, MD 20855

Estimated Value: $294,779 - $338,000

2 Beds
2 Baths
1,087 Sq Ft
$344/mo HOA Fee

Last Sold August 08, 2018

Last sale price $215,000 $198 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,235/month

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Traditional Architecture
  • Candlewood Elementary School Rated A
  • Traditional Floor Plan
  • Community Pool

About This Home

As of August 2018

Don't miss this amazing opportunity to own a 2BR/2BA turn key condo in Derwood! Conveniently located within walking distance of Shady Grove Metro Station, minutes away from 355, 270, and the ICC. Featuring updated kitchen w/ stainless steel appliances, new windows, new 5 yr old HVAC, new carpet, washer/dryer in-unit, large walk in closet, balcony, pool permits and access to the fitness center

Last Agent to Sell the Property

Brian Lumpkin

(301) 520-5818 brian.w.lumpkin@gmail.com RLAH @properties Listed on: 12/09/2017

RLAH @properties

Last Buyer's Agent

Evguenia Mathur

(301) 674-0398 janess87@gmail.com Samson Properties

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,365

Year Built

  • Built in 1985

Lot Details

  • Property is in very good condition

HOA Fees

  • $344 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Front

Interior Spaces

  • 1,087 Sq Ft Home
  • Traditional Floor Plan

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Space Number Location: 23
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 160903464271

Community Details

Overview

  • Low-Rise Condominium
  • Mallard Cove Cod Community
  • Mallard Cove Condominiums Subdivision

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Pool Membership Available
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,365

Year Built

Built in 1985

Lot Details

0

HOA Fees

$344 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2017-12-09
  • Year Built: 1985
  • Remarks Public: Don't miss this amazing opportunity to own a 2BR/2BA turn key condo in Derwood! Conveniently located within walking distance of Shady Grove Metro Station, minutes away from 355, 270, and the ICC. Featuring updated kitchen w/ stainless steel appliances, new windows, new 5 yr old HVAC, new carpet, washer/dryer in-unit, large walk in closet, balcony, pool permits and access to the fitness center
  • Special Assessment Payment: Annually
  • Special Features: 12
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Cooktop, Exhaust Fan, Freezer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Kitchen - Gourmet, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1087
  • Living Area Sq Ft: 1087
  • Price Per Sq Ft: 211.59
  • Above Grade Finished Sq Ft: 1087
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8040

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 Front
  • Pool Private: No
  • 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: Assigned
  • Parking Space Number Assigned: 23

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 344.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bike Trail, Common Grounds, Exercise Room, Fitness Center, Jog/Walk Path, Picnic Area, Pool - Outdoor, Pool Mem Avail, Reserved/Assigned Parking, Swimming Pool, Tot Lots/Playground
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 143500.00
  • Land Assessed Value: 61500.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2017
  • Zoning: PD5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095931
  • Tax Annual Amount: 2364.78
  • Assessor Parcel Number: 160903464271
  • Tax Total Finished Sq Ft: 1087
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 08/08/2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2017
Closed on
Aug 8, 2018
Sold by
Colbert Lourdes Diaz and Diaz Lourdes A
Bought by
Mamonau Aliaksandr A
Seller's Agent
Brian Lumpkin
RLAH @properties
Buyer's Agent
Evguenia Mathur
Samson Properties
List Price
$230,000
Sold Price
$215,000
Premium/Discount to List
-$15,000
-6.52%
Current Estimated Value
$314,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,195
Avg. Annual Appreciation
5.40%
Original Mortgage
$203,300
Outstanding Balance
$176,558
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$137,637

Purchase Details

Closed on
Aug 23, 2005
Sold by
Redline Express&Whm Limited
Bought by
Diaz Lourdes A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,450
Interest Rate
5.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 22, 2005
Sold by
Redline Express&Whm Limited
Bought by
Diaz Lourdes A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,450
Interest Rate
5.81%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Mamonau Aliaksandr A $214,000 First American Title Ins Co
Diaz Lourdes A $287,260 --
Diaz Lourdes A $287,260 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mamonau Aliaksandr A $203,300
Previous Owner Diaz Lourdes A $57,450
Previous Owner Diaz Lourdes A $229,805
Previous Owner Diaz Lourdes A $229,805
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $215,000 -6.5% $198 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $230,000 +7.0% $212 / Sq Ft
12/11/2017 12/11/17 Off Market $215,000 -- --
12/09/2017 12/09/17 For Sale $230,000 -- $212 / 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 $2,857 $263,333 -- --
2024 $2,857 $241,667 $0 $0
2023 $956 $220,000 $66,000 $154,000
2022 $1,747 $215,000 $0 $0
2021 $1,687 $210,000 $0 $0
2020 $1,740 $205,000 $61,500 $143,500
2019 $3,255 $205,000 $61,500 $143,500
2018 $2,323 $205,000 $61,500 $143,500
2017 $2,317 $205,000 $0 $0
2016 -- $196,667 $0 $0
2015 -- $188,333 $0 $0
2014 -- $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Lumpkin

    Seller's Agent in 2018

    Brian Lumpkin

    Real Living at Home

    (301) 520-5818

    68 Total Sales

    Brian Lumpkin
    Section Image
  • Evguenia Mathur

    Buyer's Agent in 2018

    Evguenia Mathur

    Samson Properties

    (301) 674-0398

    37 Total Sales

    Evguenia Mathur
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004279261

Bright MLS

APN: 09-03464271

Maryland Montgomery County Derwood 20855

8040 Needwood Rd Unit 101, Derwood, MD

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