NOT LISTED FOR SALE

8101 Needwood Rd Unit 201 Derwood, MD 20855

Estimated Value: $307,280 - $354,000

2 Beds
2 Baths
1,083 Sq Ft
$309/mo HOA Fee

Last Sold October 26, 2016

Last sale price $232,000 $214 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,331/month

19 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Traditional Architecture
  • Candlewood Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of October 2016

Short Walk to Metro! This renovated 2bd/2ba top floor former model unit offers 1,130SF of bright & open living space w/ wood floors, large eat-in kit w/ skylights, two well-sized bd's & baths,plus sep laundry rm. 2 parking spots are included, an additional climate controlled 10x10 storage, and access to community amenities incl gym,pool,&party room. Low condo fee $315/Mo. Home Warranty Included!

Last Agent to Sell the Property

Aaron Jeweler

Compass Listed on: 08/04/2016

Compass

Last Buyer's Agent

Nick Dunstan

Coldwell Banker Realty - Washington

Coldwell Banker Realty - Washington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,151

Year Built

  • Built in 1985 | Remodeled in 2006

Lot Details

  • Property is in very good condition

HOA Fees

  • $309 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,083 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • Surface Parking
  • 2 Assigned Parking Spaces

Schools

  • Candlewood Elementary School
  • Shady Grove Middle School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160903463835

Community Details

Overview

  • Association fees include exterior building maintenance, lawn maintenance, management, insurance, pool(s), snow removal, trash
  • Low-Rise Condominium
  • Park Overlook Community
  • Park Overlook Subdivision

Amenities

  • Clubhouse
  • Community Center
  • Party Room

Recreation

  • Community Basketball Court
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,151

Year Built

Built in 1985 | Remodeled in 2006

Lot Details

0

HOA Fees

$309 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Year Renovated: 2006
  • Remarks Public: Short Walk to Metro! This renovated 2bd/2ba top floor former model unit offers 1,130SF of bright & open living space w/ wood floors, large eat-in kit w/ skylights, two well-sized bd's & baths,plus sep laundry rm. 2 parking spots are included, an additional climate controlled 10x10 storage, and access to community amenities incl gym,pool,&party room. Low condo fee $315/Mo. Home Warranty Included!
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Breakfast Area, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Primary Bath(s), Upgraded Countertops, Window Treatments, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Top Floor
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1083
  • Living Area Sq Ft: 1083
  • Price Per Sq Ft: 226.22
  • Above Grade Finished Sq Ft: 1083
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8101

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: Combination, Brick
  • 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: 2
  • Garage: No
  • Parking Features: Surface, Assigned

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 309.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Basketball Courts, Club House, Exercise Room, Fitness Center, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Community Center
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Lawn Maintenance, Management, Insurance, Pool(s), Snow Removal, Trash
  • HOA Condo Co-Op Rules: Pets - Allowed
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CANDLEWOOD
  • Middle School: SHADY GROVE
  • School District Key: 121138126809
  • Elementary School: CANDLEWOOD
  • Middle Or Junior School: SHADY GROVE

Lot Info

  • Improvement Assessed Value: 143500.00
  • Land Assessed Value: 61500.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2016
  • Zoning: PD5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095887
  • Tax Annual Amount: 2150.51
  • Assessor Parcel Number: 160903463835
  • Tax Total Finished Sq Ft: 1084
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 10/26/2016

Multi Family

  • Metering: Fully Separate

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2016
Closed on
Oct 25, 2016
Sold by
Neches Michael and Neches Randi
Bought by
Heisler Sarah
Seller's Agent
Aaron Jeweler
Compass
Buyer's Agent
Nick Dunstan
Coldwell Banker Realty - Washington
List Price
$245,000
Sold Price
$232,000
Premium/Discount to List
-$13,000
-5.31%
Current Estimated Value
$326,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,584
Avg. Annual Appreciation
3.80%
Original Mortgage
$185,600
Outstanding Balance
$150,990
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$171,244

Purchase Details

Closed on
Mar 17, 2006
Sold by
Redline Express&Whm Limited
Bought by
Neches Michael and Neches Randi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Heisler Sarah $232,000 None Available
Neches Michael $302,000 --
Neches Michael $302,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heisler Sarah $185,600
Previous Owner Neches Michael $220,000
Previous Owner Neches Michael $241,600
Previous Owner Neches Michael $30,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2016 10/26/16 Sold $232,000 -5.3% $214 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $245,000 -- $226 / 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
2024 $2,807 $236,667 $0 $0
2023 $3,303 $220,000 $66,000 $154,000
2022 $1,733 $215,000 $0 $0
2021 $1,693 $210,000 $0 $0
2020 $3,272 $205,000 $61,500 $143,500
2019 $1,633 $205,000 $61,500 $143,500
2018 $1,637 $205,000 $61,500 $143,500
2017 $2,322 $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

  • Aaron Jeweler

    Seller's Agent in 2016

    Aaron Jeweler

    Compass

    (301) 325-8569

    97 Total Sales

    Section Image
  • Nick Dunstan

    Buyer's Agent in 2016

    Nick Dunstan

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (240) 731-5562

    2 in this area

    57 Total Sales

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Map

Source: Bright MLS

MLS Number: 1002450565

Bright MLS

APN: 09-03463835

Maryland Montgomery County Derwood 20855

8101 Needwood Rd Unit 201, Derwood, MD

This home is located at 8101 Needwood Rd Unit 201, Derwood, MD 20855 since 04 August 2016 and is currently estimated at $329,070, approximately $303 per square foot. This property was built in 1985. 8101 Needwood Rd Unit 201 is a home located in Montgomery County with nearby schools including Candlewood Elementary School, Shady Grove Middle School, and Col. Zadok Magruder High School.

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