NOT LISTED FOR SALE

Pineway Towers Condominiums 8830 Piney Branch Rd Unit 502 Silver Spring, MD 20903

Silver Spring Park Neighborhood

Estimated Value: $155,000 - $158,000

3 Beds
2 Baths
1,442 Sq Ft
$1,259/mo HOA Fee

Last Sold April 30, 2024

Last sale price $155,000 $107 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,252/month

62 Days on Market

Highlights

  • Concierge
  • Traditional Floor Plan
  • Combination Dining and Living Room
  • Montgomery Knolls Elementary School Rated A
  • Convector
  • 4-minute walk to New Hampshire Estates Neighborhood Park

About This Home

As of April 2024

Welcome to this bright and spacious 3 bedroom condo. The living room is generous with plenty of design options including room for a dining table or desk. Large windows allow for plenty of natural light. Through the living room is the kitchen which also boasts excellent space, storage, and stainless steel appliances. There is full bathroom in the hallway towards the bedrooms. All the bedrooms are similar in size and style. The 3rd bedroom has its own ensuite bathroom.This quiet and established neighborhood is surrounded by trees, chirping birds, and fresh greenery. Take a run at Sligo Creek Trail, get your grocery shopping done at Trader Joe's or Giant, grab some coffee and a pastry at Veronica's Bakery & Cafe, catch a show at the Fillmore Silver Spring or AFI Silver Theatre, enjoy a gourmet meal at Mandalay Restaurant or Hen Quarter, play a round of golf at Sligo Creek Golf Course, or spend a Saturday shopping at downtown Takoma Park. Steps to Cresthaven Elementary School, Francis Scott Key Middle School, and the FDA. Easy public transportation access via RideOn and easy beltway access for commuting around Metro DC. It is a also a quick drive to the Silver Spring Metro station!

Last Agent to Sell the Property

Ray Minarcik

(202) 421-1378 rminarcik@nomadicrealestate.com Nomadic Real Estate Broker Services License #SP40002465 Listed on: 02/12/2024

Co-Listed By

Joseph Rieling

(202) 821-8644 jrieling@nomadicrealestate.com Nomadic Real Estate Broker Services

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1971

Lot Details

  • 1,133

HOA Fees

  • $1,259 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space

Home Design

  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,442 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Convector
  • Convector Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 161301777060

Community Details

Overview

  • Association fees include water, trash, sewer, electricity, gas, snow removal
  • High-Rise Condominium
  • Pineway Towers Condos
  • Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,533

Year Built

Built in 1971

Lot Details

0

HOA Fees

$1,259 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this bright and spacious 3 bedroom condo. The living room is generous with plenty of design options including room for a dining table or desk. Large windows allow for plenty of natural light. Through the living room is the kitchen which also boasts excellent space, storage, and stainless steel appliances. There is full bathroom in the hallway towards the bedrooms. All the bedrooms are similar in size and style. The 3rd bedroom has its own ensuite bathroom. This quiet and established neighborhood is surrounded by trees, chirping birds, and fresh greenery. Take a run at Sligo Creek Trail, get your grocery shopping done at Trader Joe's or Giant, grab some coffee and a pastry at Veronica's Bakery & Cafe, catch a show at the Fillmore Silver Spring or AFI Silver Theatre, enjoy a gourmet meal at Mandalay Restaurant or Hen Quarter, play a round of golf at Sligo Creek Golf Course, or spend a Saturday shopping at downtown Takoma Park. Steps to Cresthaven Elementary School, Francis Scott Key Middle School, and the FDA. Easy public transportation access via RideOn and easy beltway access for commuting around Metro DC. It is a also a quick drive to the Silver Spring Metro station!
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Refrigerator
  • Entry Floor: 5
  • Interior Amenities: Combination Dining/Living, Floor Plan - Traditional, Ceiling Fan(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1442
  • Living Area Sq Ft: 1442
  • Price Per Sq Ft: 107.49
  • Above Grade Finished Sq Ft: 1442
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8830

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 21.83
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Convector
  • Heating Fuel: Natural Gas
  • Heating Type: Convector
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1258.66
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Pineway Towers
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Water, Trash, Sewer, Electricity, Gas, Snow Removal
  • HOA: No
  • Senior Community: 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: R10
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 2533.00
  • Assessor Parcel Number: 161301777060
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 1442
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/30/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Apr 30, 2024
Sold by
Berman Seth
Bought by
Dcosta Paul Sukumar and Corraya Lina Laticia
Seller's Agent
Ray Minarcik
Nomadic Real Estate Broker Services
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$155,000
Sold Price
$155,000
Views
305
Current Estimated Value
$156,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,920
Avg. Annual Appreciation
0.86%
Original Mortgage
$125,000
Outstanding Balance
$123,244
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$33,676

Purchase Details

Listed on
Jul 7, 2016
Closed on
Jan 31, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Berman Seth
Seller's Agent
Larry Daniels
Daniels Realty, LLC
Buyer's Agent
Kellie Plucinski
Long & Foster Real Estate, Inc.
List Price
$125,550
Sold Price
$110,000
Premium/Discount to List
-$15,550
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$88,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2016
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jan 7, 2016
Sold by
Anderson Dewayne and Anderson Phyllis
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 8, 2001
Sold by
Baker Elizabeth A
Bought by
Anderson Dwayne and Anderson Phyllis W
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
Dcosta Paul Sukumar $155,000 Ktl Title
Dcosta Paul Sukumar $155,000 Ktl Title
Berman Seth $110,000 District Title
Secretary Of Housing & Urban Development -- Attorney
Wells Fargo Bank Na $73,541 Attorney
Anderson Dwayne $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dcosta Paul Sukumar $125,000
Closed Dcosta Paul Sukumar $125,000
Previous Owner Berman Seth $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2024 04/30/24 Sold $155,000 0.0% $107 / Sq Ft
02/12/2024 02/12/24 For Sale $155,000 +40.9% $107 / Sq Ft
01/31/2017 01/31/17 Sold $110,000 0.0% $76 / Sq Ft View Prior Sale
12/22/2016 12/22/16 Pending -- -- --
12/05/2016 12/05/16 Off Market $110,000 -- --
11/30/2016 11/30/16 For Sale $125,550 +14.1% $87 / Sq Ft
11/24/2016 11/24/16 Off Market $110,000 -- --
11/23/2016 11/23/16 For Sale $125,550 +14.1% $87 / Sq Ft
11/04/2016 11/04/16 Off Market $110,000 -- --
10/18/2016 10/18/16 Pending -- -- --
10/11/2016 10/11/16 Off Market $110,000 -- --
10/07/2016 10/07/16 Price Changed $125,550 -10.0% $87 / Sq Ft
09/23/2016 09/23/16 For Sale $139,500 +26.8% $97 / Sq Ft
09/21/2016 09/21/16 Off Market $110,000 -- --
08/25/2016 08/25/16 Price Changed $139,500 -10.0% $97 / Sq Ft
07/07/2016 07/07/16 For Sale $155,000 -- $107 / 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 $1,901 $150,000 $45,000 $105,000
2024 $1,901 $160,000 $48,000 $112,000
2023 $2,533 $155,000 $0 $0
2022 $1,209 $150,000 $0 $0
2021 $958 $145,000 $43,500 $101,500
2020 $938 $143,333 $0 $0
2019 $918 $141,667 $0 $0
2018 $902 $140,000 $42,000 $98,000
2017 $1,501 $133,333 $0 $0
2016 -- $126,667 $0 $0
2015 $881 $120,000 $0 $0
2014 $881 $120,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ray Minarcik

    Nomadic Real Estate Broker Services

    (202) 421-1378

    1 in this area

    15 Total Sales

    Ray Minarcik
    Section Image
  • Joseph Rieling

    Seller Co-Listing Agent in 2024

    Joseph Rieling

    Nomadic Real Estate Broker Services

    (202) 821-8644

    2 in this area

    58 Total Sales

    Joseph Rieling
    Section Image
  • Larry Daniels

    Seller's Agent in 2017

    Larry Daniels

    Daniels Realty, LLC

    (202) 491-6866

    1 in this area

    25 Total Sales

    Larry Daniels
    Section Image
  • Kellie Plucinski

    Buyer's Agent in 2017

    Kellie Plucinski

    Long & Foster

    (240) 997-1497

    158 Total Sales

    Kellie Plucinski
    Section Image
See All Agents

About Pineway Towers Condominiums

Map

Source: Bright MLS

MLS Number: MDMC2117320

Bright MLS

APN: 13-01777060

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8830 Piney Branch Rd Unit 502, Silver Spring, MD

This home is located at 8830 Piney Branch Rd Unit 502, Silver Spring, MD 20903 since 12 February 2024 and is currently estimated at $156,920, approximately $108 per square foot. This property was built in 1971. 8830 Piney Branch Rd Unit 502 is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Eastern Middle School.

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