NOT LISTED FOR SALE

Estimated Value: $391,305 - $475,000

1 Bed
1.5 Baths
1,081 Sq Ft
$515/mo HOA Fee

Last Sold October 01, 2021

Last sale price $387,500 $358 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,053/month

14 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • City View
  • Contemporary Architecture
  • Sligo Creek Elementary School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of October 2021

Exclusive Manhattan-style condo at Lofts24 in the heart of downtown Silver Spring boasting 1108 square feet of light-filled living space including a versatile den space! Sought-after corner unit with 10ft cement ceilings with exposed aluminum ductwork and hardwood flooring! Expansive combination living and dining room provides a bright and airy open-flow floor plan for entertaining family and friends. Prepare delectable meals in the large chef’s kitchen embellished with an oversized center island, granite counters, stainless steel appliances, maple cabinets, and under-cabinet Xenon lighting. Relax and unwind in the primary bedroom hosting plush carpeting, a walk-in closet, and an en-suite bath. The den provides plenty of versatility, turn into a second bedroom or use as an office space. Seven large heavy-duty aluminum framed industrial windows provides an ample amount of natural light, insulation, and with custom Graber insulating blinds. Enjoy the convenience of washer and dryer in unit. All rooms are pre-wired for Phone, Cable TV, and High-Speed Internet. Only 24 units in the building, with each 8 units sharing a private secured entrance and elevator. Enjoy a vast variety of shopping, dining, and entertainment options in Silver Spring, Bethesda, College Park and Rockville. In close proximity to Pure Barre, Safeway, Whole Foods, Starbucks, Cava, and more. Outdoor recreation awaits you at Northwest Branch Park and Wheaton Regional Park. Convenient commuter routes include MD-200, I-95, I-495, and US-29; providing access to Washington DC, Chevy Chase, and more. Two blocks from Silver Spring Red Line Metro Station. An absolute must-see!

Last Agent to Sell the Property

Lee Friedman

(301) 787-8954 leefriedman@northroprealty.com Northrop Realty License #657783 Listed on: 08/05/2021

Northrop Realty

Last Buyer's Agent

Jon Rudick

(202) 406-0011 jon@jonrudickrealtor.com Compass License #648645

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,476

Year Built

  • Built in 2006

Lot Details

  • Property is in excellent condition

HOA Fees

  • $515 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,081 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Beamed Ceilings
  • High Ceiling
  • Double Pane Windows
  • Window Treatments
  • Window Screens
  • Insulated Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Den
  • City Views

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System

Parking

  • Parking Lot
  • Off-Site Parking
  • Parking Fee
  • Unassigned Parking

Schools

  • Westover Elementary School
  • White Oak Middle School
  • Springbrook High School

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303528863

Community Details

Overview

  • Association fees include sewer, trash, water
  • 24 Units
  • Low-Rise Condominium
  • The Lofts 24 Cod Community
  • The Elms At Clarksburg Subdivision

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,476

Year Built

Built in 2006

Lot Details

0

HOA Fees

$515 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-08-06
  • Federal Flood Zone: No
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Special Assessment Payment: Annually
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Icemaker, Oven/Range - Electric, Washer, Built-In Microwave, Freezer, Refrigerator, Stainless Steel Appliances, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Kitchen - Gourmet, Upgraded Countertops, Window Treatments, Floor Plan - Open, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane, Screens
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Beamed Ceilings, Dry Wall, High
  • Foundation Details: Slab
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Den, Foyer
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1081
  • Living Area Sq Ft: 1081
  • Price Per Sq Ft: 370.03
  • Above Grade Finished Sq Ft: 1081
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Brick
  • Roof: Unknown
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Fee, Unassigned
  • Type Of Parking: Off Site, Parking Lot

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Security: Electric Alarm, Intercom, Main Entrance Lock, Sprinkler System - Indoor, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 515.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Security
  • HOA Condo Co-Op Fee Includes: Sewer, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WESTOVER
  • High School: SPRINGBROOK
  • Middle Or Junior School: WHITE OAK

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 220500.00
  • Land Assessed Value: 94500.00
  • Property Condition: Excellent
  • Zoning: CBD1
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101114
  • Tax Annual Amount: 3476.00
  • Assessor Parcel Number: 161303528863
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Oct 1, 2021
Sold by
Khalid Kamran A
Bought by
Clark William Peirce
Seller's Agent
Lee Friedman
Northrop Realty
Buyer's Agent
Jon Rudick
Compass
List Price
$400,000
Sold Price
$387,500
Premium/Discount to List
-$12,500
-3.12%
Current Estimated Value
$417,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,889
Avg. Annual Appreciation
1.97%
Original Mortgage
$364,447
Outstanding Balance
$332,342
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$89,234

Purchase Details

Closed on
May 11, 2021
Sold by
Khalid Nadia C
Bought by
Khalid Kamran A

Purchase Details

Closed on
Apr 5, 2006
Sold by
Mab Llc
Bought by
Khalid Kamran A and Khalid Nadia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark William Peirce $387,500 Kvs Title Llc
Khalid Kamran A -- None Available
Khalid Kamran A $352,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark William Peirce $364,447
Previous Owner Khalid Kamran A $246,500
Previous Owner Khalid Kamran A $88,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $387,500 -3.1% $358 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $400,000 -- $370 / 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 $4,457 $378,333 -- --
2024 $4,457 $375,000 $112,500 $262,500
2023 $4,914 $355,000 $0 $0
2022 $3,822 $335,000 $0 $0
2021 $3,592 $315,000 $94,500 $220,500
2020 $3,535 $310,000 $0 $0
2019 $3,476 $305,000 $0 $0
2018 $3,386 $300,000 $90,000 $210,000
2017 $3,560 $300,000 $0 $0
2016 $3,790 $300,000 $0 $0
2015 $3,790 $300,000 $0 $0
2014 $3,790 $300,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2007856

Bright MLS

APN: 13-03528863