Seller's Agent in 2024
Michael Rankin
TTR Sotheby's International Realty
(202) 271-3344
2 in this area
210 Total Sales
Ritz-Carlton Residences 8551 Connecticut Ave Unit 313 Chevy Chase, MD 20815
Chevy Chase Lake NeighborhoodEstimated Value: $1,739,000 - $1,945,000
2
Beds
2.5
Baths
1,930
Sq Ft
$2,324/mo
HOA Fee
Highlights
- Concierge
- Fitness Center
- Meeting Room
- Rosemary Hills Elementary School Rated A-
- Traditional Architecture
- Assigned Subterranean Space
About This Home
As of April 2024The Ritz-Carlton Residences, Chevy Chase are the epitome of luxurious living. The building offers paralleled services to Ritz hotels worldwide, with exceptionally high standards and modern-day conveniences. The building provides highly desirable Class A amenities including a valet, doorman, 24/7 concierge, porter service, onsite management, onsite building engineer, free building-wide wi-fi, fitness center, multiple club rooms, catering kitchen, and outdoor entertaining spaces with grills, seating areas, and fire pits. No detail was overlooked in the masterful construction of these high-end residences, which include the highest quality fixtures and finishes throughout. Building features such as solid-core doors, solid-wood window and door casings, wide plank white oak floors, and recessed LED lights are found throughout the unit. The residences are also easily accessible to retail, restaurants, the Capital Crescent Trail, and Metro. This spectacular third floor residence is filled with an abundance of natural sunlight from oversized windows throughout. The unit provides over 1,900 square feet of open living space and features two spacious bedrooms, two and half bathrooms, and a den. The entry hall provides easy transition to the main living spaces, including direct access to the well-appointed kitchen. The kitchen features Stevali imported fine Italian solid wood cabinetry, a peninsula with a breakfast bar, and a top-of-the-line Bosch appliance package. The kitchen opens to the living room and dining room, which is graced with a beautifully lit tray ceiling. There is also the added convenience of a nearby powder room. Continue to the den, which can be fully closed off with pocket doors and accesses the private balcony. The luxurious primary bedroom captures beautiful sunlight and has a large walk-in closet with an Econize closet system. There is also a spa-inspired Carrara marble en-suite bathroom with dual vanities with quartz countertops, a frameless glass shower, and a separate tub. There is an additional bedroom with a double door closet and an en-suite bathroom, as well as a laundry room with quartz countertops, shelving, and cabinetry. The unit also includes a storage unit and two parking spaces with EV capacity.
Last Agent to Sell the Property
(202) 271-3344 michael.rankin@sothebysrealty.com TTR Sotheby's International Realty Listed on: 06/14/2023
Co-Listed By
(202) 641-3088 lmackethan@ttrsir.com TTR Sotheby's International Realty License #0225244816
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $19,885
Year Built
- Built in 2022
HOA Fees
- $2,324 Monthly HOA Fees
Parking
- Garage Door Opener
Home Design
- Traditional Architecture
- Entry on the 3rd floor
- Steel Siding
- Masonry
Interior Spaces
- 1,930 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
Accessible Home Design
- Accessible Elevator Installed
Utilities
- Forced Air Heating and Cooling System
- Tankless Water Heater
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 160703867515
Community Details
Overview
- Association fees include common area maintenance, gas, high speed internet, insurance, sewer, trash, water, parking fee
- Mid-Rise Condominium
- Chevy Chase Subdivision
Amenities
- Concierge
- Meeting Room
- Party Room
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2023
Closed on
Apr 19, 2024
Sold by
Dowling Steven Colin and Dowling Nicola Pielenz
Bought by
Carol L Nevins Revocable Trust and Nevins
Seller's Agent
Michael Rankin
TTR Sotheby's International Realty
Buyer's Agent
Elisa Bragale
Coldwell Banker Realty
List Price
$1,966,900
Sold Price
$1,800,000
Premium/Discount to List
-$166,900
-8.49%
Views
237
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,855
Avg. Annual Appreciation
1.53%
Original Mortgage
$1,440,000
Outstanding Balance
$1,410,496
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$434,359
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carol L Nevins Revocable Trust | $1,800,000 | Title Resource Guaranty Compan |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carol L Nevins Revocable Trust | $1,440,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $1,800,000 | -4.0% | $933 / Sq Ft | |
| 11/02/2023 11/02/23 | Price Changed | $1,875,000 | -4.7% | $972 / Sq Ft | |
| 06/14/2023 06/14/23 | For Sale | $1,966,900 | 0.0% | $1,019 / Sq Ft | |
| 09/16/2022 09/16/22 | Sold | $1,966,900 | +3.5% | $1,019 / Sq Ft | View Prior Sale |
| 09/16/2022 09/16/22 | Pending | -- | -- | -- | |
| 09/16/2022 09/16/22 | For Sale | $1,899,900 | -- | $984 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $20,883 | $1,800,000 | $540,000 | $1,260,000 |
| 2024 | $20,883 | $1,800,000 | $540,000 | $1,260,000 |
| 2023 | $20,889 | $1,800,000 | $540,000 | $1,260,000 |
| 2022 | $0 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Rankin
-
LOGAN MACKETHAN
Seller Co-Listing Agent in 2024
LOGAN MACKETHAN
TTR Sotheby's International Realty
(202) 641-3088
1 in this area
12 Total Sales
-
Elisa Bragale
Buyer's Agent in 2024
Elisa Bragale
Coldwell Banker (NRT-Southeast-MidAtlantic)
(301) 922-1333
2 in this area
35 Total Sales
-
AJINDER Mann
Seller's Agent in 2022
AJINDER Mann
McWilliams/Ballard Inc.
(703) 945-6983
24 in this area
73 Total Sales
-
Miriam Fernandez
Seller Co-Listing Agent in 2022
Miriam Fernandez
McWilliams/Ballard Inc.
(703) 850-1159
23 in this area
52 Total Sales
About Ritz-Carlton Residences
Map
Source: Bright MLS
MLS Number: MDMC2096902
APN: 07-03867515
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