NOT LISTED FOR SALE

8141 Needwood Rd Unit T102 Derwood, MD 20855

Estimated Value: $304,862 - $335,000

2 Beds
2 Baths
1,129 Sq Ft
$363/mo HOA Fee

Last Sold December 18, 2019

Last sale price $230,000 $204 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,342/month

44 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Forced Air Heating and Cooling System
  • Candlewood Elementary School Rated A
  • Community Pool
  • Bike Trail

About This Home

As of December 2019

Beautiful, well-kept condo at Mallard Cove! The kitchen has stainless steel appliances. First-floor location, walk out to the green space with easy access.Full-size washer/dryer. Close proximity to Shady Grove Metro. Great community amenities include an outdoor pool, playground, basketball court, fitness center, walking trails and clubhouse.

Last Agent to Sell the Property

Henry Oh

Fairfax Realty Premier License #584623 Listed on: 10/02/2019

Fairfax Realty Premier

Last Buyer's Agent

ABEER ABOU ELMAKAREM

Long & Foster Real Estate, Inc. License #336775

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,380

Year Built

  • Built in 1985

Lot Details

  • Property is in very good condition

HOA Fees

  • $363 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,129 Sq Ft Home
  • Property has 1 Level

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 160903463287

Community Details

Overview

  • Association fees include water, snow removal, sewer, pool(s), health club
  • Low-Rise Condominium
  • Comsource Management Condos, Phone Number (301) 924-7355
  • Mallard Cove Cod Community
  • Mallard Cove Condominiums Subdivision
  • Property Manager

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,380

Year Built

Built in 1985

Lot Details

0

HOA Fees

$363 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Remarks Public: Beautiful, well-kept condo at Mallard Cove! The kitchen has stainless steel appliances. First-floor location, walk out to the green space with easy access.Full-size washer/dryer. Close proximity to Shady Grove Metro. Great community amenities include an outdoor pool, playground, basketball court, fitness center, walking trails and clubhouse.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Icemaker, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Fireplace: No
  • Floors In Unit Count: 3
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1129
  • Living Area Sq Ft: 1129
  • Price Per Sq Ft: 212.58
  • Above Grade Finished Sq Ft: 1129
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8141

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
  • Spa: 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: Assigned
  • Type Of Parking: Parking Lot, Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 363.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: ComSource Management
  • Condo Co-Op Phone: 301-924-7355
  • HOA Condo Co-Op Amenities: Bike Trail, Club House, Common Grounds, Exercise Room, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Water, Snow Removal, Sewer, Pool(s), Health Club
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 147000.00
  • Land Assessed Value: 63000.00
  • Land Use Code: 011
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: PD5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14095836
  • Tax Annual Amount: 2380.00
  • Assessor Parcel Number: 160903463287
  • Tax Total Finished Sq Ft: 1129
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 12/18/2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2019
Closed on
Dec 18, 2019
Sold by
Kimnach Kimberly Anne and Snell Kimberly
Bought by
Sharaf Hazem M
Seller's Agent
Henry Oh
Fairfax Realty Premier
Buyer's Agent
ABEER ABOU ELMAKAREM
Long & Foster Real Estate, Inc.
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Current Estimated Value
$321,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,134
Avg. Annual Appreciation
5.95%
Original Mortgage
$218,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Redline Express & Whm Limited
Bought by
Snell Kimberly
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
Sharaf Hazem M $230,000 Rgs Title Llc
Snell Kimberly $287,890 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharaf Hazem M $215,999
Previous Owner Sharaf Hazem M $218,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2019 12/18/19 Sold $230,000 -4.2% $204 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
10/20/2019 10/20/19 Price Changed $240,000 -4.0% $213 / Sq Ft
10/02/2019 10/02/19 For Sale $250,000 0.0% $221 / Sq Ft
12/30/2013 12/30/13 Off Market $1,650 -- --
12/29/2013 12/29/13 Rented $1,600 -3.0% --
12/27/2013 12/27/13 Under Contract -- -- --
12/14/2013 12/14/13 For Rent $1,650 +10.0% --
08/30/2013 08/30/13 Rented $1,500 -6.3% --
08/28/2013 08/28/13 Under Contract -- -- --
06/29/2013 06/29/13 For Rent $1,600 -- --
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 $2,654 $223,333 $0 $0
2023 $1,919 $220,000 $66,000 $154,000
2022 $1,772 $216,667 $0 $0
2021 $1,730 $213,333 $0 $0
2020 $1,691 $210,000 $63,000 $147,000
2019 $3,376 $210,000 $63,000 $147,000
2018 $2,320 $210,000 $63,000 $147,000
2017 $1,688 $210,000 $0 $0
2016 -- $201,667 $0 $0
2015 $2,768 $193,333 $0 $0
2014 $2,768 $185,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC681772

Bright MLS

APN: 09-03463287