NOT LISTED FOR SALE

8040 Needwood Rd Unit 201 Derwood, MD 20855

Estimated Value: $291,330 - $338,000

2 Beds
2 Baths
1,084 Sq Ft
1985 Built

Last Sold January 13, 2021

Last sale price $253,000 $233 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,915/month

Highlights

  • Fitness Center
  • Clubhouse
  • Contemporary Architecture
  • Candlewood Elementary School Rated A
  • Deck
  • No HOA

About This Home

As of January 2024

This top-floor condo in Mallard Cove combines privacy and convenience in a prime Derwood location, boasting excellent schools and a short walk to Shady Grove Metro. The open floor plan includes an eat-in kitchen with floor-to-ceiling windows, skylights, a breakfast nook, and stainless steel appliances, leading to a large deck. Features include a living room, separate dining room, in-unit laundry, a master suite with a full bath and walk-in closet, and a comfortable second bedroom with an adjacent full bath. Included are a 1-car garage and an assigned parking spot (Spot #21, Garage #35), along with extra storage. Guest parking is ample, near the clubhouse. The pet-friendly community offers amenities like a jogging path, fitness center, sports courts, and an outdoor pool. It's within walking distance to Blueberry Hill Park, close to Lake Needwood Park, Montgomery College, King Farm shops, and more. Easy access to I-270/370. The condo is freshly painted with new carpet, ready for its new owner. Professionally managed. Online application. Excellent credit required. $50 application fee. One application per adult occupant

Last Agent to Rent the Property

Caleb Prater

(678) 665-0535 caleb.prater@longandfoster.com EQCO Real Estate Inc. Listed on: 12/11/2023

Co-Listed By

Edward Quach

(301) 938-0807 edward@eqcorealestate.com EQCO Real Estate Inc.

Last Renter's Agent

Caleb Prater

(678) 665-0535 caleb.prater@longandfoster.com EQCO Real Estate Inc. Listed on: 12/11/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,915

Year Built

  • Built in 1985

Lot Details

  • Southwest Facing Home

Parking

  • Assigned parking located at #21
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Parking Lot
  • 1 Assigned Parking Space

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,084 Sq Ft Home
  • Property has 1 Level
  • Skylights
  • Combination Dining and Living Room
  • Breakfast Area or Nook
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

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

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,000
  • Tenant pays for electricity, HVAC maintenance, insurance, minor interior maintenance, light bulbs/filters/fuses/alarm care
  • Rent includes water, sewer, trash removal, hoa/condo fee
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 11/29/23
  • Assessor Parcel Number 160903464316

Community Details

Overview

  • No Home Owners Association
  • Association fees include water, common area maintenance, snow removal, lawn maintenance
  • Low-Rise Condominium
  • Mallard Cove Codm Community
  • Mallard Cove Condominiums Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500
  • $50 Monthly Pet Rent

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,915

Year Built

Built in 1985

Lot Details

0

Parking

1

Rental Info

  • Date Available: 2023-11-29
  • Monthly Pet Rent: 50.00
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Rent Includes: Water, Sewer, Trash Removal, Hoa/Condo Fee
  • Security Deposit: 2000.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Hvac Maintenance, Insurance, Minor Interior Maintenance, Light Bulbs/Filters/Fuses/Alarm Care
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Assigned Parking Space Numbers: 21
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 3
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Skylight(s), Walk-In Closet(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1084
  • Living Area Sq Ft: 1084
  • Price Per Sq Ft: 1.85
  • Above Grade Finished Sq Ft: 1084
  • 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
  • Other Structures List: Garage(s), Storage Barn/Shed
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Garage Door Opener, Covered Parking, Additional Storage Area
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Detached Garage
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Jog/Walk Path, Picnic Area, Tot Lots/Playground, Swimming Pool, Club House, Fitness Center, Tennis Courts, Basketball Courts
  • HOA Condo Co-Op Fee Includes: Water, Common Area Maintenance, Snow Removal, Lawn Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Outdoor Living Structures: Deck(s)
  • Zoning: PD5

Tax Info

  • Assessor Parcel Number: 160903464316

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2020
Closed on
Jan 13, 2021
Sold by
Wang Chia Sheng
Bought by
Mooney Kevin R
Seller's Agent
Elisa Fritsch
RE/MAX Realty Centre, Inc.
Buyer's Agent
Shelby Warner
RE/MAX Leading Edge
List Price
$260,000
Sold Price
$253,000
Premium/Discount to List
-$7,000
-2.69%
Current Estimated Value
$317,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,833
Avg. Annual Appreciation
4.88%
Original Mortgage
$258,819
Outstanding Balance
$230,548
Interest Rate
2.6%
Mortgage Type
VA
Estimated Equity
$87,285

Purchase Details

Closed on
Nov 30, 2005
Sold by
Redline Express&Whm Limited
Bought by
Wang Chi
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mooney Kevin R $253,000 Universal Title
Wang Chi $314,260 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mooney Kevin R $258,819
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2024 01/15/24 Rented $2,050 +2.5% --
12/11/2023 12/11/23 For Rent $2,000 0.0% --
01/13/2021 01/13/21 Sold $253,000 -2.7% $233 / Sq Ft View Prior Sale
01/11/2021 01/11/21 Price Changed $260,000 0.0% $240 / Sq Ft
01/06/2021 01/06/21 Price Changed $260,000 0.0% $240 / Sq Ft
12/28/2020 12/28/20 Price Changed $260,000 0.0% $240 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $260,000 -- $240 / 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 $2,915 $263,333 -- --
2024 $2,915 $246,667 $0 $0
2023 $3,412 $230,000 $69,000 $161,000
2022 $1,858 $225,000 $0 $0
2021 $1,797 $220,000 $0 $0
2020 $3,480 $215,000 $64,500 $150,500
2019 $1,701 $211,667 $0 $0
2018 $1,668 $208,333 $0 $0
2017 $1,625 $205,000 $0 $0
2016 $1,870 $196,667 $0 $0
2015 $1,870 $188,333 $0 $0
2014 $1,870 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Caleb Prater

    Landlord's Agent in 2024

    Caleb Prater

    EQCO Real Estate Inc.

    (678) 665-0535

    36 Total Sales

    Caleb Prater
    Section Image
  • Edward Quach

    Landlord's Co-Listing Agent in 2024

    Edward Quach

    EQCO Real Estate Inc.

    (301) 938-0807

    2 in this area

    56 Total Sales

    Edward Quach
    Section Image
  • Elisa Fritsch

    Seller's Agent in 2021

    Elisa Fritsch

    RE/MAX

    (410) 369-8516

    1 in this area

    5 Total Sales

    Elisa Fritsch
    Section Image
  • Shelby Warner

    Buyer's Agent in 2021

    Shelby Warner

    RE/MAX

    (540) 238-9176

    1 in this area

    82 Total Sales

    Shelby Warner
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2114428

Bright MLS

APN: 09-03464316

Maryland Montgomery County Derwood 20855

8040 Needwood Rd Unit 201, Derwood, MD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes