NOT LISTED FOR SALE

8045 Newell St, Unit 518 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $464,000 - $490,000

2 Beds
2 Baths
1,214 Sq Ft
$528/mo HOA Fee

Last Sold June 17, 2020

Last sale price $435,000 $358 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,460/month

1 Day on Market

Highlights

  • Fitness Center
  • Gourmet Galley Kitchen
  • City View
  • Hayes Elementary School Rated 9+
  • Gated Community
  • Contemporary Architecture

About This Home

As of June 2020

Welcome to your urban oasis in the heart of downtown Silver Spring: light-filled & very spacious condominium unit, w/gourmet kitchen & a breakfast bar that opens to the living area providing a perfect space for entertaining. Enjoy the fun & convenience of city living in this luxury condo w/large private large balcony & washer/dryer in the unit. Ride the metro or drive & park in building garage. 1 Parking space convey.

Last Agent to Sell the Property

Carmen Fontecilla

(301) 908-6672 carmenhomes@gmail.com Compass Listed on: 06/02/2020

Compass

Last Buyer's Agent

Shelley Gold

(202) 271-5885 Shelley@ShelleyGold.com Compass License #MD921521

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,536

Year Built

  • Built in 2005

Lot Details

  • South Facing Home
  • Property is in good condition

HOA Fees

  • $528 Monthly HOA Fees

Parking

  • Assigned parking located at #56
  • Side Facing Garage
  • Garage Door Opener
  • Parking Space Conveys
  • 1 Assigned Parking Space

Home Design

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

Interior Spaces

  • 1,214 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Insulated Windows
  • Insulated Doors
  • Entrance Foyer
  • Combination Kitchen and Living
  • Dining Room
  • City Views

Kitchen

  • Gourmet Galley Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Front Loading Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Exterior Cameras

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more
  • Level Entry For Accessibility
  • Ramp on the main level

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303519152
  • $214 Front Foot Fee per year

Community Details

Overview

  • Association fees include exterior building maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, insurance, parking fee, reserve funds, trash, water
  • Mid-Rise Condominium
  • 8045 At Silver Spring Metro Condos, Phone Number (301) 563-6105
  • Built by 8045 Newell
  • 8045 At Silver Spring Metro Subdivision
  • Property Manager

Amenities

  • Common Area
  • Community Center
  • Party Room
  • 2 Elevators

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,536

Year Built

Built in 2005

Lot Details

0

HOA Fees

$528 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, 36"+ Wide Halls, Level Entry - Main, Ramp - Main Level
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2005
  • Assigned Parking Space Numbers: 56
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Icemaker, Microwave, Oven/Range - Gas, Refrigerator, Stove, Washer, Water Heater
  • Entry Floor: 5
  • Interior Amenities: Kitchen - Gourmet, Breakfast Area, Combination Kitchen/Living, Kitchen - Galley, Primary Bath(s), Entry Level Bedroom, Upgraded Countertops, Floor Plan - Traditional
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1214
  • Living Area Sq Ft: 1214
  • Price Per Sq Ft: 358.32
  • Above Grade Finished Sq Ft: 1214
  • 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: Combination, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Asphalt
  • Spa: No
  • View: Street, 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: Yes
  • Parking Features: Assigned, Parking Space Conveys
  • Garage Features: Garage - Side Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

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
  • Hot Water: Natural Gas
  • Security: Exterior Cameras, Intercom, Main Entrance Lock, Smoke Detector, Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 528.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 8045 at Silver Spring Metro
  • Condo Co-Op Phone: 301-563-6105
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Gated Community, Party Room, Community Center, Security
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Insurance, Parking Fee, Reserve Funds, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 301000.00
  • Land Assessed Value: 129000.00
  • Property Condition: Good
  • Zoning: CBD1
  • In City Limits: No

Building Info

  • Builder Name: 8045 Newell

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14100798
  • Tax Annual Amount: 4536.00
  • Assessor Parcel Number: 161303519152
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Front Foot Fee: 214.24

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jun 3, 2020
Sold by
Hamm Leslie C and Morales Oscar
Bought by
Clark Daniel James
Seller's Agent
Carmen Fontecilla
Compass
Buyer's Agent
Shelley Gold
Compass
List Price
$435,000
Sold Price
$435,000
Current Estimated Value
$475,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,395
Avg. Annual Appreciation
1.64%
Original Mortgage
$391,500
Outstanding Balance
$346,163
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$129,232

Purchase Details

Closed on
Jul 20, 2006
Sold by
Levy Adam S
Bought by
Hamm Leslie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,400
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Levy Adam S
Bought by
Hamm Leslie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,400
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2006
Sold by
8045 Newell St Llc
Bought by
Levy Adam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,800
Interest Rate
6.17%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 17, 2006
Sold by
8045 Newell St Llc
Bought by
Levy Adam S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,800
Interest Rate
6.17%
Mortgage Type
Stand Alone Second
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
Clark Daniel James $435,000 Counselors Title Llc
Hamm Leslie C $433,000 --
Hamm Leslie C $433,000 --
Levy Adam S $378,200 --
Levy Adam S $378,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Daniel James $391,500
Previous Owner Hamm Leslie C $346,400
Previous Owner Hamm Leslie C $346,400
Previous Owner Levy Adam S $37,800
Previous Owner Levy Adam S $302,550
Previous Owner Levy Adam S $302,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2020 06/17/20 Sold $435,000 0.0% $358 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $435,000 -- $358 / 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 $5,151 $443,333 -- --
2024 $5,151 $435,000 $130,500 $304,500
2023 $5,824 $433,333 $0 $0
2022 $4,209 $431,667 $0 $0
2021 $4,184 $430,000 $129,000 $301,000
2020 $4,016 $415,000 $0 $0
2019 $3,845 $400,000 $0 $0
2018 $4,345 $385,000 $115,500 $269,500
2017 $3,466 $368,333 $0 $0
2016 -- $351,667 $0 $0
2015 $3,695 $335,000 $0 $0
2014 $3,695 $335,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carmen Fontecilla

    Seller's Agent in 2020

    Carmen Fontecilla

    Compass

    (301) 908-6672

    71 in this area

    284 Total Sales

    Carmen Fontecilla
    Section Image
  • Shelley Gold

    Buyer's Agent in 2020

    Shelley Gold

    Compass

    (202) 271-5885

    86 Total Sales

    Shelley Gold
    Section Image
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About This Building

Map

Source: Bright MLS

MLS Number: MDMC706324

Bright MLS

APN: 13-03519152

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

8045 Newell St Unit 518, Silver Spring, MD

Not Listed for Sale

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