NOT LISTED FOR SALE

Pineway Towers Condominiums 8830 Piney Branch Rd Unit 512 Silver Spring, MD 20903

Silver Spring Park Neighborhood

Estimated Value: $129,000 - $243,000

3 Beds
2 Baths
1,142 Sq Ft
$771/mo HOA Fee

Last Sold December 11, 2018

Last sale price $149,500 $131 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,797/month

Highlights

  • Contemporary Architecture
  • Traditional Floor Plan
  • Combination Kitchen and Living
  • Montgomery Knolls Elementary School Rated A
  • Main Floor Bedroom
  • 4-minute walk to New Hampshire Estates Neighborhood Park

About This Home

As of December 2018

Large, light-filled, spacious 3 bedroom, two bathroom condominium within sight of the proposed purple-line metro station on Piney Branch Rd. Fresh paint throughout. New carpeting. Coat closet has been converted to a laundry room. Includes one garage parking space. Additional parking outside. A/C, electricity, water and heat included in the condo fee.

Last Agent to Sell the Property

Peter Borlo

(443) 240-5324 pborlo@yahoo.com Murray Real Estate Corp. Listed on: 10/15/2018

Last Buyer's Agent

Choon Neoh

(240) 670-5575 desmondbuysell@gmail.com Realty ONE Group Capital License #SP200203923

Realty ONE Group Capital

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,594

Year Built

  • Built in 1971

Lot Details

  • 1,133

HOA Fees

  • $771 Monthly HOA Fees

Parking

  • Parking Space Number Location: 1

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,142 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Combination Kitchen and Living
  • Dining Room
  • Intercom
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Zoned Cooling
  • Electric Air Filter
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 161301777162

Community Details

Overview

  • Association fees include electricity, air conditioning, heat, water, snow removal, management, lawn maintenance
  • High-Rise Condominium
  • Pineway Towers C Community

Amenities

  • Common Area
  • Party Room
  • Laundry Facilities

Recreation

  • Community Playground

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,594

Year Built

Built in 1971

Lot Details

0

HOA Fees

$771 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1971
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Oven/Range - Gas, Range Hood, Refrigerator
  • Interior Amenities: Kitchen - Table Space, Combination Kitchen/Living, Entry Level Bedroom, Primary Bath(s), Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1142
  • Living Area Sq Ft: 1142
  • Price Per Sq Ft: 130.91
  • Above Grade Finished Sq Ft: 1142
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Space Number Assigned: 1

Utilities

  • Refuse: 20.14
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Zoned
  • Heating Fuel: Electric
  • Heating Type: Electric Air Filter
  • Heating: Yes
  • Hot Water: Electric
  • Security: Intercom, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 771.28
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Party Room, Tot Lots/Playground, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Electricity, Air Conditioning, Heat, Water, Snow Removal, Management, Lawn Maintenance
  • HOA Condo Co-Op Rules: Elevator Use
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 98000.00
  • Land Assessed Value: 42000.00
  • Zoning: R10
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14052392
  • Tax Annual Amount: 1593.74
  • Assessor Parcel Number: 161301777162
  • Tax Lot: 1
  • 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
Oct 15, 2018
Closed on
Dec 10, 2018
Sold by
Piney Branch 512 Llc
Bought by
Nega Mesfin D and Gebreyes Anyanelm M
Seller's Agent
Peter Borlo
Murray Real Estate Corp.
Buyer's Agent
Choon Neoh
Realty ONE Group Capital
List Price
$149,500
Sold Price
$149,500
Current Estimated Value
$165,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,355
Avg. Annual Appreciation
1.52%
Original Mortgage
$134,550
Outstanding Balance
$118,778
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$47,077

Purchase Details

Closed on
Dec 19, 2017
Sold by
Aim B Funds Inc
Bought by
Piney Branch 512 Llc

Purchase Details

Closed on
Dec 27, 2013
Sold by
Babu Raju Saravanan
Bought by
Aim B Funds Inc

Purchase Details

Closed on
Feb 10, 2009
Sold by
Ihougan Komlan J
Bought by
Citibank Na Tr

Purchase Details

Closed on
Jul 7, 2006
Sold by
Ihougan Komlan J
Bought by
Ihougan Komlan J and Houkpati Adjoa P

Purchase Details

Closed on
May 10, 2006
Sold by
Jallah Johnson and Jallah Leonora J
Bought by
Ihougan Komlan J and Houkpati Adjoa P

Purchase Details

Closed on
Nov 18, 1999
Sold by
Secretary Of Housing & Urban
Bought by
Jallah Johnson and Jallah Leonora J

Purchase Details

Closed on
Apr 24, 1998
Sold by
Harvey Patricia B
Bought by
Secretary Of Housing & Urban and Development Of Washnigton Dc
Source: Public Records

Range of Values:

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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
Nega Mesfin D $149,500 Eastern Title & Settlemet
Piney Branch 512 Llc -- Rgs Title Llc
Aim B Funds Inc -- None Available
Citibank Na Tr $198,000 --
Ihougan Komlan J -- --
Ihougan Komlan J $240,000 --
Jallah Johnson $50,011 --
Secretary Of Housing & Urban $62,425 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nega Mesfin D $134,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2018 12/11/18 Sold $149,500 0.0% $131 / Sq Ft
10/15/2018 10/15/18 For Sale $149,500 -- $131 / 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 $1,016 $150,000 $0 $0
2021 $958 $145,000 $43,500 $101,500
2020 $1,876 $143,333 $0 $0
2019 $918 $141,667 $0 $0
2018 $1,594 $140,000 $42,000 $98,000
2017 $1,501 $133,333 $0 $0
2016 $1,268 $126,667 $0 $0
2015 $1,268 $120,000 $0 $0
2014 $1,268 $120,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peter Borlo

    Murray Real Estate Corp.

    (443) 240-5324

    15 Total Sales

    Peter Borlo
    Section Image
  • Choon Neoh

    Buyer's Agent in 2018

    Choon Neoh

    Realty ONE Group Capital

    (240) 670-5575

    42 Total Sales

    Choon Neoh
    Section Image
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About Pineway Towers Condominiums

Map

Source: Bright MLS

MLS Number: 1009935168

Bright MLS

APN: 13-01777162

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8830 Piney Branch Rd Unit 512, Silver Spring, MD

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