NOT LISTED FOR SALE

8131 Needwood Rd Unit 103 Derwood, MD 20855

Estimated Value: $300,457 - $324,000

2 Beds
2 Baths
1,138 Sq Ft
$452/mo HOA Fee

Last Sold May 31, 2024

Last sale price $292,000 $257 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,342/month

14 Days on Market

Highlights

  • Fitness Center
  • Traditional Architecture
  • Community Basketball Court
  • Candlewood Elementary School Rated A
  • Community Pool
  • Jogging Path

About This Home

As of May 2024

INVESTOR ALERT!! WELL-MAINTAINED CONDO WITH LOW CONDO FEES AND A TENANT UNTIL END OF AUGUST (who is willing stay)!! PRICE ADJUSTED FOR QUICK SALE. If unit doesn't sell now, it will be listed again in August. This is a beautiful condo with many recent upgrades (Washer '23, Refrigerator '21, HVAC replaced '17, Water heater replaced '18, Carpet replaced '17, Toilets replaced '17, Bathroom tub/showers remodeled '15, Circuit breaker box upgraded). The unit boasts a very large living/dining rooms, galley kitchen with stainless appliances and a separate breakfast area overlooking green space. The full-sized washer and dryer are in a designated laundry room. The large main bedroom has an en suite bathroom and walk-in closet. Both the main and second bedrooms have large windows overlooked the woods. There's one assigned parking space and a large storage unit (in another building). The community has an outdoor pool, basketball court, workout room, walking trails and plenty of outdoor green space with benches and barbecues throughout the community. WALK TO METRO AND A BEAUTIFULL LAKE. Everything is close with stores and cafes in King Farm and downtown Rockville. This is a sought-after community where rents range from $1600 to $2000.

Last Agent to Sell the Property

Elizabeth Borissow

Long & Foster Real Estate, Inc. Listed on: 04/25/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Heidi Moore

Omnia Real Estate LLC License #649918

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,611

Year Built

  • Built in 1985

HOA Fees

  • $452 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,138 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160903463460

Community Details

Overview

  • Association fees include common area maintenance, management, pool(s)
  • Low-Rise Condominium
  • Mallard Cove Codm Community
  • Mallard Cove Condominiums Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Community Storage Space

Recreation

  • Community Basketball Court
  • Fitness Center
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,611

Year Built

Built in 1985

Lot Details

0

HOA Fees

$452 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
  • Federal Flood Zone: No
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: INVESTOR ALERT!! WELL-MAINTAINED CONDO WITH LOW CONDO FEES AND A TENANT UNTIL END OF AUGUST (who is willing stay)!! PRICE ADJUSTED FOR QUICK SALE. If unit doesn't sell now, it will be listed again in August. This is a beautiful condo with many recent upgrades (Washer '23, Refrigerator '21, HVAC replaced '17, Water heater replaced '18, Carpet replaced '17, Toilets replaced '17, Bathroom tub/showers remodeled '15, Circuit breaker box upgraded). The unit boasts a very large living/dining rooms, galley kitchen with stainless appliances and a separate breakfast area overlooking green space. The full-sized washer and dryer are in a designated laundry room. The large main bedroom has an en suite bathroom and walk-in closet. Both the main and second bedrooms have large windows overlooked the woods. There's one assigned parking space and a large storage unit (in another building). The community has an outdoor pool, basketball court, workout room, walking trails and plenty of outdoor green space with benches and barbecues throughout the community. WALK TO METRO AND A BEAUTIFULL LAKE. Everything is close with stores and cafes in King Farm and downtown Rockville. This is a sought-after community where rents range from $1600 to $2000.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1138
  • Living Area Sq Ft: 1138
  • Price Per Sq Ft: 259.23
  • Above Grade Finished Sq Ft: 1138
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8131

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: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: 452.23
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Exercise Room, Extra Storage, Jog/Walk Path, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking, Basketball Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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

Lot Info

  • Land Use Code: U
  • Year Assessed: 2023
  • Zoning: PD5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2611.00
  • Assessor Parcel Number: 160903463460
  • Tax Total Finished Sq Ft: 1138
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/31/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
May 31, 2024
Sold by
Markowski Mythili and Markowski Paul Anthony
Bought by
Clarke Timothy A
Seller's Agent
Elizabeth Borissow
Long & Foster Real Estate, Inc.
Buyer's Agent
Heidi Moore
Omnia Real Estate LLC
List Price
$300,000
Sold Price
$292,000
Premium/Discount to List
-$8,000
-2.67%
Views
87
Current Estimated Value
$313,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,114
Avg. Annual Appreciation
5.52%
Original Mortgage
$175,200
Outstanding Balance
$173,028
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$140,086

Purchase Details

Closed on
Apr 7, 2016
Sold by
Nadella Mythili and Markowski Paul Anthony
Bought by
Markowski Mythili and Markowski Paul Anthony

Purchase Details

Listed on
Aug 8, 2013
Closed on
Jul 21, 2014
Sold by
Groome Marsha J
Bought by
Markowski Paul Anthony and Nadella Mythili
Seller's Agent
Diane Hayes
RE/MAX Premiere Selections
Buyer's Agent
Elizabeth Borissow
Long & Foster Real Estate, Inc.
List Price
$217,850
Sold Price
$215,000
Premium/Discount to List
-$2,850
-1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.42%
Original Mortgage
$204,250
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2005
Sold by
Redline Express&Whm Limited
Bought by
Groome Marsha J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,878
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 2005
Sold by
Redline Express&Whm Limited
Bought by
Groome Marsha J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,878
Interest Rate
5.72%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Clarke Timothy A $292,000 Classic Settlements
Clarke Timothy A $292,000 Classic Settlements
Markowski Mythili -- None Available
Markowski Paul Anthony $215,000 First American Title Ins Co
Groome Marsha J $299,390 --
Groome Marsha J $299,390 --
Groome Marsha J $299,390 --
Groome Marsha J $299,390 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clarke Timothy A $175,200
Closed Clarke Timothy A $175,200
Previous Owner Markowski Maythili $182,400
Previous Owner Markowski Paul Anthony $204,250
Previous Owner Groome Marsha J $59,878
Previous Owner Groome Marsha J $239,512
Previous Owner Groome Marsha J $239,512
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $292,000 -1.0% $257 / Sq Ft
04/30/2024 04/30/24 Price Changed $295,000 -1.7% $259 / Sq Ft
04/25/2024 04/25/24 For Sale $300,000 0.0% $264 / Sq Ft
08/06/2021 08/06/21 Rented $1,600 0.0% --
07/29/2021 07/29/21 For Rent $1,600 -5.9% --
05/31/2019 05/31/19 Rented $1,700 0.0% --
05/16/2019 05/16/19 For Rent $1,700 +3.0% --
06/08/2017 06/08/17 Rented $1,650 -2.9% --
06/08/2017 06/08/17 Under Contract -- -- --
05/01/2017 05/01/17 For Rent $1,700 +21.4% --
10/30/2015 10/30/15 Rented $1,400 -3.4% --
10/28/2015 10/28/15 Under Contract -- -- --
10/26/2015 10/26/15 Price Changed $1,450 -3.3% $1 / Sq Ft
10/13/2015 10/13/15 For Rent $1,500 -9.1% --
07/23/2015 07/23/15 Rented $1,650 0.0% --
07/22/2015 07/22/15 Under Contract -- -- --
06/24/2015 06/24/15 For Rent $1,650 0.0% --
07/21/2014 07/21/14 Sold $215,000 0.0% $189 / Sq Ft
05/17/2014 05/17/14 Price Changed $215,000 -1.3% $189 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
04/25/2014 04/25/14 Price Changed $217,850 0.0% $191 / Sq Ft
04/25/2014 04/25/14 For Sale $217,850 +1.4% $191 / Sq Ft
01/26/2014 01/26/14 Pending -- -- --
01/19/2014 01/19/14 Price Changed $214,850 0.0% $189 / Sq Ft
01/19/2014 01/19/14 For Sale $214,850 +7.5% $189 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
08/09/2013 08/09/13 Price Changed $199,950 +5.3% $176 / Sq Ft
08/08/2013 08/08/13 For Sale $189,900 -- $167 / 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 $2,654 $226,667 -- --
2024 $2,654 $223,333 $0 $0
2023 $2,611 $220,000 $66,000 $154,000
2022 $1,746 $216,667 $0 $0
2021 $2,422 $213,333 $0 $0
2020 $2,383 $210,000 $63,000 $147,000
2019 $2,380 $210,000 $63,000 $147,000
2018 $2,384 $210,000 $63,000 $147,000
2017 $2,380 $210,000 $0 $0
2016 $1,927 $201,667 $0 $0
2015 $1,927 $193,333 $0 $0
2014 $1,927 $185,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2129596

Bright MLS

APN: 09-03463460