NOT LISTED FOR SALE

Pineway Towers Condominiums 8830 Piney Branch Rd Unit 410 Silver Spring, MD 20903

Silver Spring Park Neighborhood

Estimated Value: $99,000 - $159,000

2 Beds
1 Bath
825 Sq Ft
$450/mo HOA Fee

Last Sold August 31, 2022

Last sale price $137,500 $167 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,205/month

75 Days on Market

Highlights

  • Community Center
  • Balcony
  • Resident Manager or Management On Site
  • Montgomery Knolls Elementary School Rated A
  • Intercom
  • 4-minute walk to New Hampshire Estates Neighborhood Park

About This Home

As of August 2022

=Buyer Financing Fell Through **CASH ONLY=

LOCATION LOCATION LOCATION and ALL UTILITIES included with this condo and just across the street from the new Piney Branch Purple Line stop.

This sun-filled condo is a rare 2-bedroom 1-bathroom unit with hardwood floors throughout. This two-
bedroom condo generates excellent cash flow and has plenty of parking. The oversized balcony is
excellent for entertaining guests, getting work done, or simply relaxing. This building is a transportation
oasis and close to DC, Downtown Silver Spring, shopping, metro bus, and schools. This is a great
investment property or a nice starter home.

Buyer Financing Fell Through **CASH ONLY

Last Agent to Sell the Property

Yony Kifle

(703) 405-5182 homes.yourdmvteam@gmail.com EXP Realty, LLC Listed on: 05/25/2022

EXP Realty, LLC

Co-Listed By

Mr. Dag Alemayehu

(202) 222-5704 dag.yourdmvteam@gmail.com Samson Properties License #SP200201930

Last Buyer's Agent

Angel Ribulotta

(301) 370-0487 guiyer@aol.com Aguilar & Associates, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $933

Year Built

  • Built in 1971

Lot Details

  • 784

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 825 Sq Ft Home
  • Property has 1 Level
  • Intercom

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Playground

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 161301777025

Community Details

Overview

  • Association fees include electricity, sewer, heat, air conditioning, water, gas
  • High-Rise Condominium
  • Pineway Towers Subdivision

Amenities

  • Community Center

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$933

Year Built

Built in 1971

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Stove, Microwave, Dishwasher
  • Entry Floor: 1
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 825
  • Living Area Sq Ft: 825
  • Price Per Sq Ft: 169.58
  • Above Grade Finished Sq Ft: 825
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Play Area
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 21.83
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Intercom, Main Entrance Lock, Resident Manager, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 450.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Community Center
  • HOA Condo Co-Op Fee Includes: Electricity, Sewer, Heat, Air Conditioning, Water, Gas
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Outdoor Living Structures: Balcony
  • Zoning: R10
  • In City Limits: Yes

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 933.00
  • Assessor Parcel Number: 161301777025
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2005
Sold by
Jones Penny
Bought by
Bezabeh Ayalew
Current Estimated Value
$124,891

Purchase Details

Closed on
Apr 29, 2005
Sold by
Jones Penny
Bought by
Bezabeh Ayalew

Purchase Details

Closed on
Aug 1, 1997
Sold by
Sec Of Housing & Urb Dev
Bought by
Jones Penny

Purchase Details

Closed on
Jan 15, 1997
Sold by
Ryan S Anita
Bought by
Sec Of Housing & Urb Dev
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
Bezabeh Ayalew $140,000 --
Bezabeh Ayalew $140,000 --
Jones Penny $36,100 --
Sec Of Housing & Urb Dev $54,600 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $137,500 -1.7% $167 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $139,900 +1.7% $170 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
06/03/2022 06/03/22 Off Market $137,500 -- --
05/25/2022 05/25/22 For Sale $139,900 0.0% $170 / Sq Ft
04/17/2020 04/17/20 Rented $1,400 -3.4% --
03/21/2020 03/21/20 For Rent $1,450 -- --
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 $1,210 $108,333 -- --
2024 $1,210 $100,000 $30,000 $70,000
2023 $1,131 $93,333 $0 $0
2022 $699 $86,667 $0 $0
2021 $483 $80,000 $24,000 $56,000
2020 $931 $80,000 $24,000 $56,000
2019 $930 $80,000 $24,000 $56,000
2018 $931 $80,000 $24,000 $56,000
2017 $273 $80,000 $0 $0
2016 -- $80,000 $0 $0
2015 $754 $90,000 $0 $0
2014 $754 $90,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Yony Kifle

    Seller's Agent in 2022

    Yony Kifle

    EXP Realty, LLC

    (703) 405-5182

    6 in this area

    470 Total Sales

    Yony Kifle
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Mr. Dag Alemayehu

    Samson Properties

    (202) 222-5704

    2 in this area

    43 Total Sales

    Mr. Dag Alemayehu
    Section Image

  • A

    Buyer's Agent in 2022

    Angel Ribulotta

    Aguilar & Associates, Inc.

    (301) 370-0487

    1 in this area

    59 Total Sales

    Angel Ribulotta
    Section Image
  • Solomon Laieke

    Seller's Agent in 2020

    Solomon Laieke

    Samson Properties

    (301) 460-1433

    34 Total Sales

    Solomon Laieke
    Section Image
See All Agents

About Pineway Towers Condominiums

Map

Source: Bright MLS

MLS Number: MDMC2051054

Bright MLS

APN: 13-01777025

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8830 Piney Branch Rd Unit 410, Silver Spring, MD

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