NOT LISTED FOR SALE

8045 Newell St, Unit 415 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $341,000 - $425,000

1 Bed
1 Bath
883 Sq Ft
$428/mo HOA Fee

Last Sold July 29, 2021

Last sale price $348,000 $394 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,690/month

Highlights

  • Gated Community
  • Open Floorplan
  • Main Floor Bedroom
  • Hayes Elementary School Rated 9+
  • Wood Burning Stove
  • Upgraded Countertops

About This Home

As of July 2021

Welcome to this stylish and light-filled condo located at the heart of Downtown Silver Spring! This home offers an amazing lifestyle and convenience! Enjoy the easy access to stores, restaurants, Metro, MARC, and entertainment in Downtown Silver Spring as well as access to trails, parks and so much more. This one-bedroom home boasts hardwood floors, trendy fixtures, a welcoming foyer that leads to the open floorplan kitchen with granite counters, tons of cabinetry, counter space and updated appliances, and a washer and dryer in the unit. There is a spacious master bedroom with an attached bath and walk-in closet. Take in views of trees and nature from the balcony. This home is updated, freshly painted, and move-in ready. 8045 Newell is a secure and smoke-free building that is pet-friendly with a keyless entry, extensive hardscaped area, lounge, and fitness center. Don't miss this fantastic condo unit in Silver Spring! Includes 1 garage parking space. If you love to walk, this is your place - within walking distance of Silver Spring Metro, plenty of shops and restaurants, and the DC border. Close proximity to I-495, the Rock Creek Trail, and other local parks too.

Last Agent to Sell the Property

Mandy Kaur

(571) 278-8008 mandy.kaur@redfin.com Redfin Corp License #SP98360618 Listed on: 06/29/2021

Redfin Corp

Last Buyer's Agent

Laurette Farmer

(202) 413-2708 laurette.farmer@compass.com Compass License #668524

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,353

Year Built

  • Built in 2005

Lot Details

  • 44

HOA Fees

  • $428 Monthly HOA Fees

Parking

  • Assigned parking located at #61
  • Garage Door Opener

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 883 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Bar
  • Recessed Lighting
  • Wood Burning Stove
  • Window Treatments
  • Entrance Foyer
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Schools

  • East Silver Spring Elementary School
  • Takoma Park Middle School
  • Montgomery Blair High School

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 161303518693

Community Details

Overview

  • Association fees include common area maintenance, insurance, lawn care front, lawn care rear, lawn care side, management, reserve funds, trash, water
  • Mid-Rise Condominium
  • 8045 At Silver Spring Metro Subdivision
  • Property Manager

Amenities

  • Common Area
  • Community Center
  • Party Room

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,353

Year Built

Built in 2005

Lot Details

0

HOA Fees

$428 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-06-29
  • Year Built: 2005
  • Assigned Parking Space Numbers: 61
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Interior Amenities: Bar, Built-Ins, Combination Dining/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Stove - Wood, Window Treatments, Walk-In Closet(s), Upgraded Countertops, Tub Shower, Sprinkler System, Recessed Lighting, Primary Bath(s), Pantry
  • Levels Count: 1
  • Room List: Family Room, Foyer
  • Basement: No
  • Total Sq Ft: 883
  • Living Area Sq Ft: 883
  • Price Per Sq Ft: 390.71
  • Above Grade Finished Sq Ft: 883
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Garage Door Opener, Inside Access
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 428.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Community Center, Gated Community, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Management, Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: EAST SILVER SPRING
  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 220500.00
  • Land Assessed Value: 94500.00
  • Zoning: CBD1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14100752
  • Tax Annual Amount: 3353.00
  • Assessor Parcel Number: 161303518693
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Jul 29, 2021
Sold by
Parker Lisa
Bought by
Pinto Caroline
Seller's Agent
Mandy Kaur
Redfin Corp
Buyer's Agent
Laurette Farmer
Compass
List Price
$345,000
Sold Price
$348,000
Premium/Discount to List
$3,000
0.87%
Current Estimated Value
$365,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,732
Avg. Annual Appreciation
1.15%
Original Mortgage
$278,400
Outstanding Balance
$253,152
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$112,580

Purchase Details

Listed on
Nov 23, 2020
Closed on
Dec 30, 2020
Sold by
Yi John H and Yi Julia J
Bought by
Parker Lisa
Seller's Agent
Yun Seo
New Star 1st Realty, LLC
Buyer's Agent
Michael Gray
Samson Properties
List Price
$339,000
Sold Price
$345,000
Premium/Discount to List
$6,000
1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.50%
Original Mortgage
$352,935
Interest Rate
2.6%
Mortgage Type
VA

Purchase Details

Closed on
Jul 16, 2010
Sold by
Yi Julia J
Bought by
Yi John H and Yi Julia J

Purchase Details

Closed on
Aug 10, 2006
Sold by
Sigal Marcia J
Bought by
Yi Julia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2006
Sold by
Sigal Marcia J
Bought by
Yi Julia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
8045 Newell St Llc
Bought by
Sigal Marcia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,680
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2006
Sold by
8045 Newell St Llc
Bought by
Sigal Marcia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,680
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
Pinto Caroline $348,000 Kvs Title Llc
Parker Lisa $345,000 Cardinal Title Group Llc
Yi John H -- --
Yi Julia J $330,000 --
Yi Julia J $330,000 --
Sigal Marcia J $271,680 --
Sigal Marcia J $271,680 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinto Caroline $278,400
Previous Owner Parker Lisa $352,935
Previous Owner Yi Julia J $200,000
Previous Owner Yi Julia J $200,000
Previous Owner Sigal Marcia J $271,680
Previous Owner Sigal Marcia J $271,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2021 07/29/21 Sold $348,000 +0.9% $394 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $345,000 0.0% $391 / Sq Ft
12/31/2020 12/31/20 Sold $345,000 +1.8% $391 / Sq Ft View Prior Sale
11/26/2020 11/26/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $339,000 -- $384 / 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 $4,035 $348,333 -- --
2024 $4,035 $340,000 $102,000 $238,000
2023 $3,244 $331,667 $0 $0
2022 $2,987 $323,333 $0 $0
2021 $5,876 $315,000 $94,500 $220,500
2020 $3,468 $305,000 $0 $0
2019 $3,354 $295,000 $0 $0
2018 $3,217 $285,000 $85,500 $199,500
2017 $3,179 $276,667 $0 $0
2016 -- $268,333 $0 $0
2015 $3,322 $260,000 $0 $0
2014 $3,322 $260,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mandy Kaur

    Redfin Corp

    Mandy Kaur
    Section Image
  • Laurette Farmer

    Buyer's Agent in 2021

    Laurette Farmer

    Compass

    (202) 413-2708

    3 in this area

    13 Total Sales

    Laurette Farmer
    Section Image

  • Y

    Seller's Agent in 2020

    Yun Seo

    New Star 1st Realty, LLC

    (443) 310-6325

    1 in this area

    6 Total Sales

    Yun Seo
    Section Image
  • Michael Gray

    Buyer's Agent in 2020

    Michael Gray

    Samson Properties

    (240) 765-9030

    1 in this area

    55 Total Sales

    Michael Gray
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: MDMC2002186

Bright MLS

APN: 13-03518693

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

8045 Newell St Unit 415, Silver Spring, MD

Not Listed for Sale

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