NOT LISTED FOR SALE

8101 Needwood Rd Unit T103 Derwood, MD 20855

Estimated Value: $312,556 - $345,000

2 Beds
2 Baths
1,129 Sq Ft
$389/mo HOA Fee

Last Sold August 22, 2022

Last sale price $250,000 $221 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,462/month

29 Days on Market

Highlights

  • Fitness Center
  • Penthouse
  • Clubhouse
  • Candlewood Elementary School Rated A
  • Colonial Architecture
  • Community Pool

About This Home

As of August 2022

Unbelievable price for a condo near metro!! Spacious 2 bedroom 2 bath condo on first level. Eat in kitchen and separate dining room . SGD to patio. Washer and dryer in unit! New carpet and fresh Sherwin Williams paint in agreeable gray. Convenient to metro and dining. Near Lake Needwood. Won’t last long!

Last Agent to Sell the Property

Deborah Gladstein

Berkshire Hathaway HomeServices PenFed Realty Listed on: 06/24/2022

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Ellie Hitt

RE/MAX Realty Centre, Inc. License #0225175586

RE/MAX Realty Centre, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,477

Year Built

  • Built in 1985

HOA Fees

  • $389 Monthly HOA Fees

Home Design

  • Penthouse
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,129 Sq Ft Home
  • Property has 3 Levels

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Off-Street Space
  • Assigned Parking

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160903463788

Community Details

Overview

  • Association fees include snow removal, trash, common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, management, recreation facility, road maintenance
  • Low-Rise Condominium
  • Mallard Cove Codm Community
  • Mallard Cove Condominiums Subdivision

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,477

Year Built

Built in 1985

Lot Details

0

HOA Fees

$389 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Unbelievable price for a condo near metro!! Spacious 2 bedroom 2 bath condo on first level. Eat in kitchen and separate dining room . SGD to patio. Washer and dryer in unit! New carpet and fresh Sherwin Williams paint in agreeable gray. Convenient to metro and dining. Near Lake Needwood. Won’t last long!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 1
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1129
  • Living Area Sq Ft: 1129
  • Price Per Sq Ft: 234.72
  • Above Grade Finished Sq Ft: 1129
  • 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, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • 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: 389.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Club House, Exercise Room, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Snow Removal, Trash, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Management, Recreation Facility, Road Maintenance
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 157500.00
  • Land Assessed Value: 67500.00
  • Land Use Code: U
  • Year Assessed: 2022
  • Zoning: PD5
  • In City Limits: No

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095882
  • Tax Annual Amount: 2477.00
  • Assessor Parcel Number: 160903463788
  • Tax Total Finished Sq Ft: 1129
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/22/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 19, 2022
Sold by
Brodie Kelly David
Bought by
Gibbons Thomas
Seller's Agent
Deborah Gladstein
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Ellie Hitt
RE/MAX Realty Centre, Inc.
List Price
$280,000
Sold Price
$250,000
Premium/Discount to List
-$30,000
-10.71%
Current Estimated Value
$334,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,786
Avg. Annual Appreciation
9.76%
Original Mortgage
$100,000
Outstanding Balance
$96,388
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$233,241

Purchase Details

Closed on
Mar 14, 2011
Sold by
Imedachvili Natalia
Bought by
Kelly David B
Source: Public Records

Range of Values:

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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
Gibbons Thomas $250,000 First American Title
Kelly David B $190,000 --
Kelly David B $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbons Thomas $100,000
Previous Owner Imedachvili Natalia $244,000
Previous Owner Imedachvili Natalia $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $250,000 -5.7% $221 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
07/19/2022 07/19/22 Price Changed $265,000 -1.9% $235 / Sq Ft
07/06/2022 07/06/22 Price Changed $270,000 -3.6% $239 / Sq Ft
06/24/2022 06/24/22 For Sale $280,000 -- $248 / 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 $2,884 $243,333 $0 $0
2023 $1,977 $225,000 $67,500 $157,500
2022 $1,828 $221,667 $0 $0
2021 $3,570 $218,333 $0 $0
2020 $3,487 $215,000 $64,500 $150,500
2019 $3,487 $215,000 $64,500 $150,500
2018 $2,375 $215,000 $64,500 $150,500
2017 $1,745 $215,000 $0 $0
2016 -- $206,667 $0 $0
2015 $1,487 $198,333 $0 $0
2014 $1,487 $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Gladstein

    Seller's Agent in 2022

    Deborah Gladstein

    BHHS PenFed (actual)

    (301) 980-4027

    2 in this area

    28 Total Sales

    Section Image
  • Ellie Hitt

    Buyer's Agent in 2022

    Ellie Hitt

    RE/MAX

    (240) 888-8448

    1 in this area

    181 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2057804

Bright MLS

APN: 09-03463788

Maryland Montgomery County Derwood 20855

8101 Needwood Rd Unit T103, Derwood, MD

This home is located at 8101 Needwood Rd Unit T103, Derwood, MD 20855 since 24 June 2022 and is currently estimated at $326,389, approximately $289 per square foot. This property was built in 1985. 8101 Needwood Rd Unit T103 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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