NOT LISTED FOR SALE

8045 Newell St, Unit 504 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $345,000 - $455,000

1 Bed
1 Bath
935 Sq Ft
$399/mo HOA Fee

Last Sold July 09, 2020

Last sale price $342,000 $366 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,710/month

7 Days on Market

Highlights

  • Fitness Center
  • City View
  • Wood Flooring
  • Hayes Elementary School Rated 9+
  • Contemporary Architecture
  • Party Room

About This Home

As of July 2020

Enjoy the convenience of city Living with walking distance to Metro, restaurants and shopping. Largest 1 bedroom PLUS DEN perfect for a home office or optional 2nd bedroom. Kitchen with granite counters, hardwood floors throughout, washer and dryer in unit. Building offers fitness room, court yard & resident lounge. Assigned Garage Parking Space conveys. Pets Allowed. FHA/VA Approved.

Last Agent to Sell the Property

Chris Boone

(703) 405-6303 chris.boone@vylla.com Vylla Home License #0225069916 Listed on: 05/31/2020

Vylla Home

Last Buyer's Agent

Carmen Fontecilla

(301) 908-6672 carmenhomes@gmail.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,409

Year Built

  • Built in 2005

Lot Details

  • 44

HOA Fees

  • $399 Monthly HOA Fees

Parking

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 935 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • City Views

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Additional Features

  • Accessible Elevator Installed
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 161303518658

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, reserve funds, sewer, snow removal, trash, water, lawn maintenance
  • Mid-Rise Condominium
  • 8045 At Silver Spring Metro Subdivision
  • Property Manager

Amenities

  • Common Area
  • Party Room

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,409

Year Built

Built in 2005

Lot Details

0

HOA Fees

$399 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2005
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Interior Amenities: Wood Floors
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 935
  • Living Area Sq Ft: 935
  • Price Per Sq Ft: 384.92
  • Above Grade Finished Sq Ft: 935
  • 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: Brick, Concrete
  • View: City
  • 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: Covered Parking
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 398.96
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Exercise Room, Party Room, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water, Lawn Maintenance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 224000.00
  • Land Assessed Value: 96000.00
  • Outdoor Living Structures: Balcony
  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14100748
  • Tax Annual Amount: 3409.00
  • Assessor Parcel Number: 161303518658
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2020
Closed on
Jul 9, 2020
Sold by
Bortey Ishmael
Bought by
Austin Charles Graham and Austin Annaliese Laurel
Seller's Agent
Chris Boone
Vylla Home
Buyer's Agent
Carmen Fontecilla
Compass
List Price
$359,900
Sold Price
$342,000
Premium/Discount to List
-$17,900
-4.97%
Current Estimated Value
$378,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,689
Avg. Annual Appreciation
1.92%
Original Mortgage
$273,600
Outstanding Balance
$242,156
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$136,533

Purchase Details

Closed on
Jul 11, 2006
Sold by
Akuete Nii and Akuete Ama
Bought by
Bortey Ishmael

Purchase Details

Closed on
Mar 28, 2006
Sold by
8045 Newell St Llc
Bought by
Ni Akuete

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,892
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Austin Charles Graham $342,000 Commonwealth Land Ttl Ins Co
Bortey Ishmael $382,000 --
Ni Akuete $285,150 --
Ni Akuete $285,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Charles Graham $273,600
Previous Owner Ni Akuete $270,892
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2020 07/09/20 Sold $342,000 -5.0% $366 / Sq Ft
06/09/2020 06/09/20 For Sale $359,900 0.0% $385 / Sq Ft
06/07/2020 06/07/20 Pending -- -- --
05/31/2020 05/31/20 For Sale $359,900 -- $385 / 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 $3,799 $326,667 -- --
2024 $3,799 $320,000 $96,000 $224,000
2023 $3,107 $320,000 $96,000 $224,000
2022 $2,950 $320,000 $96,000 $224,000
2021 $2,945 $320,000 $96,000 $224,000
2020 $2,833 $310,000 $0 $0
2019 $2,718 $300,000 $0 $0
2018 $3,273 $290,000 $87,000 $203,000
2017 $2,546 $281,667 $0 $0
2016 $2,692 $273,333 $0 $0
2015 $2,692 $265,000 $0 $0
2014 $2,692 $265,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Boone

    Seller's Agent in 2020

    Chris Boone

    Vylla Home

    (703) 405-6303

    77 Total Sales

    Chris Boone
    Section Image
  • Carmen Fontecilla

    Buyer's Agent in 2020

    Carmen Fontecilla

    Compass

    (301) 908-6672

    71 in this area

    284 Total Sales

    Carmen Fontecilla
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: MDMC709342

Bright MLS

APN: 13-03518658

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

8045 Newell St Unit 504, Silver Spring, MD

Not Listed for Sale

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