NOT LISTED FOR SALE

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

Silver Spring Park Neighborhood

Estimated Value: $102,000 - $203,000

2 Beds
2 Baths
1,092 Sq Ft
$921/mo HOA Fee

Last Sold October 05, 2012

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

Est. 125% increase in value since last sale

Current estimated payment $1,767/month

Highlights

  • Party Room
  • Balcony
  • Forced Air Heating and Cooling System
  • Montgomery Knolls Elementary School Rated A
  • Intercom
  • 4-minute walk to New Hampshire Estates Neighborhood Park

About This Home

As of March 2024

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!

Last Agent to Rent the Property

Derreese Butler

(301) 351-1220 derreeseb.realtor@gmail.com KW Metro Center License #5006007 Listed on: 10/06/2023

KW Metro Center

Last Renter's Agent

Derreese Butler

(301) 351-1220 derreeseb.realtor@gmail.com KW Metro Center License #5006007 Listed on: 10/06/2023

KW Metro Center

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,671

Year Built

  • Built in 1971

Lot Details

  • 1,002

HOA Fees

  • $921 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 7th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,092 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Dining Area
  • Intercom

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Outdoor Features

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,000
  • The owner pays for all utilities
  • Rent includes air conditioning, electricity, cooking, gas, heat, parking, water
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 10/6/23
  • $50 Application Fee
  • Assessor Parcel Number 161301777344

Community Details

Overview

  • Association fees include air conditioning, electricity, exterior building maintenance, gas, heat, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Pineway Towers Subdivision

Amenities

  • Common Area
  • Party Room
  • Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,671

Year Built

Built in 1971

Lot Details

0

HOA Fees

$921 per month

Rental Info

  • Date Available: 2023-10-06
  • Application Fee: 50.00
  • Owner Pays: All Utilities
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Rent Includes: Air Conditioning, Electricity, Cooking, Gas, Heat, Parking, Water
  • Security Deposit: 3000.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Inclusions: Refrigerator, Dish Washer , Micro Wave, garbage disposal
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1971
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Microwave, Intercom, Oven/Range - Gas, Refrigerator, Stove
  • Entry Floor: 7
  • Interior Amenities: Dining Area, Primary Bath(s), Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 1092
  • Living Area Sq Ft: 1092
  • Price Per Sq Ft: 1.69
  • Above Grade Finished Sq Ft: 1092
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 921.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Party Room
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Electricity, Ext Bldg Maint, Gas, Heat, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Outdoor Living Structures: Balcony
  • Zoning: R10

Tax Info

  • Assessor Parcel Number: 161301777344

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

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
$135,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,105
Avg. Annual Appreciation
6.41%

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
Source: Public Records

Range of Values:

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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
06/02/2012 06/02/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $52,900 -- $48 / 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 $1,671 $141,667 -- --
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

    Landlord's Agent in 2024

    Derreese Butler

    KW Metro Center

    (301) 351-1220

    3 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

    34 Total Sales

    Solomon Laieke
    Section Image
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About Pineway Towers Condominiums

Map

Source: Bright MLS

MLS Number: MDMC2109752

Bright MLS

APN: 13-01777344

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

8830 Piney Branch Rd Unit 706, Silver Spring, MD

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