NOT LISTED FOR SALE

Pineway Towers Condominiums 8830 Piney Branch Rd Unit 706 Silver Spring, MD 20903

Silver Spring Park Neighborhood

Estimated Value: $118,197 - $142,000

2 Beds
2 Baths
1,092 Sq Ft
$119/Sq Ft Est. Value

Last Sold October 05, 2012

Last sale price $60,000 $55 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,785/month

About This Home

As of October 2012

Back on the Market! Buyer financing fell through!
Location is Key! Welcome to Piney Branch Condominiums. This bright and beautifully kept Condo is located just 2 exits from 495S going into Silver Spring , MD. Once you get off the exit you immediately run into restaurants, shopping and grocery stores. This condo provides you with 2 bedrooms and 2 full bathrooms, has 1092 sq ft so it's very spacious , located on 7th floor for some amazing views and directly across from the metro stop. Your Washer/ Dryer is located on each floor of the building. Schedule your showing today! This rental will not last long!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2012
Closed on
Oct 5, 2012
Sold by
Bedada Getahun and Agonafir Hilina
Bought by
Bekele Muluberhan
Seller's Agent
Samuel Kumi
Fairfax Realty Premier
Buyer's Agent
Solomon Laieke
Samson Properties
List Price
$52,900
Sold Price
$60,000
Premium/Discount to List
$7,100
13.42%
Current Estimated Value
$130,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,049
Avg. Annual Appreciation
6.30%

Purchase Details

Closed on
Feb 8, 2006
Sold by
Rhones Hermione H and Rhones R F
Bought by
Bedada Getahun and Bedada Hilina Agonafir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1997
Sold by
Sec Of Housing & Urban Dev
Bought by
R Hermione H and R Rhones F

Purchase Details

Closed on
Oct 7, 1997
Sold by
James C C and James Baker T
Bought by
Sec Of Housing & Urban Dev

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Bekele Muluberhan $60,000 First American Title Ins Co
Bedada Getahun $167,500 --
R Hermione H $60,000 --
Sec Of Housing & Urban Dev $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bedada Getahun $134,000
Previous Owner Bedada Getahun $16,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2024 03/03/24 Rented $1,850 0.0% --
01/29/2024 01/29/24 For Rent $1,850 0.0% --
12/19/2023 12/19/23 Under Contract -- -- --
11/20/2023 11/20/23 For Rent $1,850 0.0% --
11/02/2023 11/02/23 Under Contract -- -- --
10/06/2023 10/06/23 For Rent $1,850 0.0% --
10/05/2012 10/05/12 Sold $60,000 +13.4% $55 / Sq Ft
06/02/2012 06/02/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $52,900 -- $48 / Sq Ft

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 $1,671 $140,000 $42,000 $98,000
2023 $1,611 $135,000 $0 $0
2022 $1,048 $130,000 $0 $0
2021 $1,429 $125,000 $37,500 $87,500
2020 $1,391 $121,667 $0 $0
2019 $1,352 $118,333 $0 $0
2018 $626 $115,000 $34,500 $80,500
2017 $560 $110,000 $0 $0
2016 -- $105,000 $0 $0
2015 $1,639 $100,000 $0 $0
2014 $1,639 $100,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Derreese Butler

    Seller's Agent in 2024

    Derreese Butler

    KW Metro Center

    (301) 351-1220

    2 Total Sales

    Derreese Butler
    Section Image

  • S

    Seller's Agent in 2012

    Samuel Kumi

    Fairfax Realty Premier

    (202) 674-5762

    3 Total Sales

    Samuel Kumi
    Section Image
  • Solomon Laieke

    Buyer's Agent in 2012

    Solomon Laieke

    Samson Properties

    (301) 460-1433

    28 Total Sales

    Solomon Laieke
    Section Image
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About Pineway Towers Condominiums

Map

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8830 Piney Branch Rd Unit 706, Silver Spring, MD

Homes for Sale in Silver Spring, MD

This home is located at 8830 Piney Branch Rd Unit 706, Silver Spring, MD 20903 and is currently estimated at $130,049, approximately $119 per square foot. 8830 Piney Branch Rd Unit 706 is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Eastern Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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