NOT LISTED FOR SALE

8131 Needwood Rd Unit T104 Derwood, MD 20855

Estimated Value: $293,196 - $336,000

2 Beds
2 Baths
1,084 Sq Ft
$345/mo HOA Fee

Last Sold May 17, 2017

Last sale price $218,000 $201 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,252/month

Highlights

  • Traditional Floor Plan
  • Traditional Architecture
  • Combination Kitchen and Living
  • Candlewood Elementary School Rated A
  • Wood Flooring
  • Party Room

About This Home

As of May 2017

Convenient location. Close to major highway, shopping center and walk to metro. Ground Level. Two bedrooms and two baths. Newly installed Hardwood Floor. Great condition. Better than renting. You don't want to miss this one.The partially interior walls will be painted on this coming Sat. Open Sunday 2-4pm. All offers will be presented on Monday

Last Agent to Sell the Property

Lily Huang

(240) 506-9145 lilywhuang@gmail.com Long & Foster Real Estate, Inc. Listed on: 04/19/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Atwan Kwan

(301) 768-7032 akwanrealtor@gmail.com Taylor Properties

Taylor Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1985

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 132 Assigned Parking Spaces

Home Design

  • Traditional Architecture
  • Brick Front

Interior Spaces

  • 1,084 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Window Treatments
  • Combination Kitchen and Living
  • Dining Area
  • Wood Flooring

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Area or Nook
  • Oven
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Electric Water Heater
  • Public Septic
  • Fiber Optics Available
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 160903463414

Community Details

Overview

  • Association fees include lawn maintenance, insurance, snow removal, trash, water
  • Low-Rise Condominium
  • Needwood Community
  • Park Overlook Subdivision

Amenities

  • Party Room

Recreation

  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,322

Year Built

Built in 1985

Lot Details

0

HOA Fees

$345 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1985
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven - Single, Refrigerator, Stove, Washer
  • Interior Amenities: Kitchen - Country, Dining Area, Breakfast Area, Combination Kitchen/Living, Kitchen - Eat-In, Window Treatments, Primary Bath(s), Wood Floors, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: 1st Floor
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1084
  • Living Area Sq Ft: 1084
  • Price Per Sq Ft: 202.95
  • Above Grade Finished Sq Ft: 1084
  • 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
  • Construction Materials: Brick Front
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 132
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Central
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Utilities: Cable Tv Available, Fiber Optics Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 345.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Jog/Walk Path, Party Room
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Insurance, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Pets - Allowed
  • HOA: No
  • Senior Community: No

Lot Info

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

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14095849
  • Tax Annual Amount: 2322.30
  • Assessor Parcel Number: 160903463414
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 15, 2017
Sold by
Needwood Investments Llc
Bought by
Quon Kwan
Seller's Agent
Lily Huang
Long & Foster Real Estate, Inc.
Buyer's Agent
Atwan Kwan
Taylor Properties
List Price
$219,800
Sold Price
$218,000
Premium/Discount to List
-$1,800
-0.82%
Current Estimated Value
$317,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,049
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Aug 16, 2012
Sold by
Chen Mei Yean
Bought by
Needwood Investments Llc

Purchase Details

Closed on
Feb 11, 2012
Sold by
Chen Charles J
Bought by
Chen Mei Yean

Purchase Details

Closed on
Dec 12, 2005
Sold by
Redline Express & Whm Limited
Bought by
Chen Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2005
Sold by
Redline Express & Whm Limited
Bought by
Chen Charles J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Quon Kwan $218,000 None Available
Needwood Investments Llc -- None Available
Chen Mei Yean -- None Available
Chen Charles J $268,990 --
Chen Charles J $268,990 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Charles J $215,000
Previous Owner Chen Charles J $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2017 05/17/17 Sold $218,000 -0.9% $201 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
04/28/2017 04/28/17 Price Changed $220,000 +0.1% $203 / Sq Ft
04/19/2017 04/19/17 For Sale $219,800 -- $203 / 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 $2,865 $263,333 -- --
2024 $2,865 $241,667 $0 $0
2023 $2,611 $220,000 $66,000 $154,000
2022 $1,733 $215,000 $0 $0
2021 $2,385 $210,000 $0 $0
2020 $2,325 $205,000 $61,500 $143,500
2019 $2,325 $205,000 $61,500 $143,500
2018 $2,265 $205,000 $61,500 $143,500
2017 $2,322 $205,000 $0 $0
2016 -- $196,667 $0 $0
2015 $1,810 $188,333 $0 $0
2014 $1,810 $180,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lily Huang

    Seller's Agent in 2017

    Lily Huang

    Long & Foster

    (240) 506-9145

    34 Total Sales

    Lily Huang
    Section Image
  • Atwan Kwan

    Buyer's Agent in 2017

    Atwan Kwan

    Taylor Properties

    (301) 768-7032

    14 Total Sales

    Atwan Kwan
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002511341

Bright MLS

APN: 09-03463414

Maryland Montgomery County Derwood 20855

8131 Needwood Rd Unit T104, Derwood, MD

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