NOT LISTED FOR SALE

Estimated Value: $275,000 - $358,000

1 Bed
1 Bath
645 Sq Ft
$297/mo HOA Fee

Last Sold January 04, 2019

Last sale price $248,000 $384 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,119/month

23 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Billiard Room
  • Sligo Creek Elementary School Rated A
  • Upgraded Countertops
  • Breakfast Area or Nook

About This Home

As of January 2019

Wonderful opportunity to own in Downtown Silver Spring! 1 bedroom and 1 bathroom condo located steps away from the Metro, MARC, Bus Lines, Whole Foods, CVS, WSC, Silver Spring Library, theaters, shopping, several restaurants and so much more! The condo has an open floor plan and large windows. The kitchen has granite counter-tops and breakfast bar seating that looks out into the living room and dining room area with its beautiful dark hardwood floors. The secure building features a beautifully remodeled lobby, party room and a spacious fitness center.

Last Agent to Sell the Property

Cornelius Henderson

(202) 258-5627 ch@hendersongroupdc.com RE/MAX Allegiance Listed on: 11/12/2018

RE/MAX Allegiance

Last Buyer's Agent

Jack Wang

(240) 731-9919 jack@rlathome.com RLAH @properties

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,401

Year Built

  • Built in 2006

Lot Details

  • 44

HOA Fees

  • $297 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 645 Sq Ft Home
  • Property has 1 Level
  • Combination Kitchen and Dining Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Additional Features

  • Accessible Elevator Installed
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 161303579612
  • $300 Front Foot Fee per year

Community Details

Overview

  • Association fees include exterior building maintenance, management
  • High-Rise Condominium
  • Crescent Codm Community
  • Downtown Silver Spring Subdivision

Amenities

  • Billiard Room
  • Party Room

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,401

Year Built

Built in 2006

Lot Details

0

HOA Fees

$297 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: 2006
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Washer - Front Loading
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Upgraded Countertops
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 645
  • Living Area Sq Ft: 645
  • Price Per Sq Ft: 387.44
  • Above Grade Finished Sq Ft: 645
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

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: No

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 297.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Billiard Room, Exercise Room, Fitness Center, Party Room
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 147700.00
  • Land Assessed Value: 63300.00
  • Zoning: CBD2
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14105692
  • Tax Annual Amount: 2401.00
  • Assessor Parcel Number: 161303579612
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Front Foot Fee: 300.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2018
Closed on
Jan 4, 2019
Sold by
Gebeyeu Misgana and Gebeyeu Misgana Mestin
Bought by
Perez Nathaly
Seller's Agent
Cornelius Henderson
RE/MAX Allegiance
Buyer's Agent
Jack Wang
RLAH @properties
List Price
$249,900
Sold Price
$248,000
Premium/Discount to List
-$1,900
-0.76%
Current Estimated Value
$301,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,580
Avg. Annual Appreciation
2.83%
Original Mortgage
$198,000
Outstanding Balance
$174,434
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$127,146

Purchase Details

Closed on
May 10, 2017
Sold by
Gebeyehu Misgana Mesfin and Mesfin Misgana
Bought by
Gebeyehu Misgana Mesfin and Belege Abiy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2011
Sold by
Fannie Mae
Bought by
Mesfin Misgana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,791
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2010
Sold by
Nkobena Azocha
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perez Nathaly $248,000 District Title
Gebeyehu Misgana Mesfin -- Kvs Title Llc
Mesfin Misgana $166,000 American Trust Title Llc
Federal National Mortgage Association $144,358 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Nathaly $198,000
Previous Owner Gebeyehu Misgana Mesfin $189,000
Previous Owner Mesfin Misgana $161,791
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2019 01/04/19 Sold $248,000 -0.8% $384 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $249,900 0.0% $387 / Sq Ft
04/19/2014 04/19/14 Rented $1,599 0.0% --
04/19/2014 04/19/14 Under Contract -- -- --
04/01/2014 04/01/14 For Rent $1,599 -- --
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 $2,939 $265,667 -- --
2024 $2,939 $248,000 $74,400 $173,600
2023 $2,248 $248,000 $74,400 $173,600
2022 $2,127 $248,000 $74,400 $173,600
2021 $2,383 $271,000 $81,300 $189,700
2020 $2,158 $251,000 $0 $0
2019 $1,931 $231,000 $0 $0
2018 $2,382 $211,000 $63,300 $147,700
2017 $1,805 $211,000 $0 $0
2016 -- $211,000 $0 $0
2015 $2,279 $216,000 $0 $0
2014 $2,279 $216,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC102522

Bright MLS

APN: 13-03579612