NOT LISTED FOR SALE

Ritz-Carlton Residences 8551 Connecticut Ave Unit 203 Chevy Chase, MD 20815

Chevy Chase Lake Neighborhood

Estimated Value: $1,299,000 - $1,678,480

2 Beds
2.5 Baths
1,565 Sq Ft
$1,769/mo HOA Fee

Last Sold April 28, 2023

Last sale price $1,299,900 $831 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,211/month

Highlights

  • Concierge
  • Fitness Center
  • Gourmet Kitchen
  • Rosemary Hills Elementary School Rated A-
  • New Construction
  • Open Floorplan

About This Home

As of April 2023

Offering exceptional service and peerless attention to detail, The Ritz-Carlton Residences, Chevy Chase embodies the same legendary standards of hospitality that guests expect from Ritz-Carlton hotels the world over. Onsite services and amenities include Valet, Doorman, 24/7 Concierge, Porter Service, Onsite Management and Building Engineer, 12,000sf Amenitiy Space with Fitness center, multiple Club Rooms, Onsite Catering Kitchen and Outdoor Spaces with BBQ Grills, Fire pits, and free wifi throughout the building. One Bedroom +Den to Three Bedroom homes spanning six floors, each serviced to the world-renowned Ritz-Carlton standards and set atop stylish, ground-level retail. Town Square retail to include grocer, pharmacy, restaurants, wine bar, and retail. Easy access to future Purple Line Metro and Capital Cresent Trail. This is a life, a space, a home created to celebrate what lightens you. Please contact the sales gallery for more information and to schedule a presentation!

Last Agent to Sell the Property

AJINDER Mann

McWilliams/Ballard Inc. Listed on: 03/29/2023

McWilliams/Ballard Inc.

Co-Listed By

Miriam Fernandez

McWilliams/Ballard Inc.

Last Buyer's Agent

Dana Rice

Compass License #SP98374040

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,278

Year Built

  • Built in 2022 | New Construction

HOA Fees

  • $1,769 Monthly HOA Fees

Parking

  • Garage Door Opener

Home Design

  • Penthouse
  • Contemporary Architecture
  • Steel Siding
  • Masonry

Interior Spaces

  • 1,565 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Tray Ceiling
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Wood Flooring
  • Monitored

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Electric Front Loading Dryer
  • Front Loading Washer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Natural Gas Water Heater
  • Public Septic

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Community Details

Overview

  • Association fees include common area maintenance, gas, insurance, trash, sewer, water, high speed internet
  • Mid-Rise Condominium
  • Built by Bozzuto
  • Chevy Chase Subdivision
  • Property Manager

Amenities

  • Concierge
  • Doorman
  • Meeting Room
  • Party Room

Recreation

  • Pool Membership Available

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Front Desk in Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,278

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$1,769 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer - Front Loading, Dryer - Electric, Exhaust Fan, Freezer, Icemaker, Oven/Range - Gas, Refrigerator, Washer - Front Loading, Water Heater - Tankless
  • Entry Floor: 2
  • Flooring Type: Hardwood
  • Interior Amenities: Floor Plan - Open, Kitchen - Gourmet, Walk-In Closet(s), Window Treatments
  • Window Features: Screens, Double Pane, Double Hung
  • Wall Ceiling Types: Tray Ceilings
  • Levels Count: 1
  • Room List: Bedroom 1, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1565
  • Living Area Sq Ft: 1565
  • Price Per Sq Ft: 830.61
  • Above Grade Finished Sq Ft: 1565
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8551

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Masonry, Steel Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Limited Common Elements
  • Garage Features: Underground, Garage Door Opener
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Tankless, Natural Gas
  • Security: Doorman, Desk In Lobby, Monitored, Resident Manager
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1769.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Fitness Center, Meeting Room, Party Room, Concierge, Pool Mem Avail, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Gas, Insurance, Trash, Sewer, Water, High Speed Internet
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Property Condition: Excellent
  • Zoning: 0000
  • In City Limits: No

Building Info

  • Builder Name: Bozzuto

Rental Info

  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 0000
  • Tax Year: 2022
  • Close Date: 04/28/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2023
Closed on
Apr 28, 2023
Sold by
Ba B2 Residential Llc
Bought by
Fralin Kate S and Fralin William S
Seller's Agent
AJINDER Mann
McWilliams/Ballard Inc.
Buyer's Agent
Dana Rice
Compass
List Price
$1,299,900
Sold Price
$1,299,900
Views
1
Current Estimated Value
$1,456,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,970
Avg. Annual Appreciation
5.42%
Original Mortgage
$540,000
Outstanding Balance
$527,832
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$929,038
Source: Public Records

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Range of Values:

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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
Fralin Kate S $1,299,900 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fralin Kate S $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $1,299,900 0.0% $831 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $1,299,900 -- $831 / 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
2024 $16,278 $1,400,000 $420,000 $980,000
2023 $16,281 $1,400,000 $420,000 $980,000
2022 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • AJINDER Mann

    Seller's Agent in 2023

    AJINDER Mann

    McWilliams/Ballard Inc.

    (703) 945-6983

    23 in this area

    75 Total Sales

    AJINDER Mann
    Section Image
  • Miriam Fernandez

    Seller Co-Listing Agent in 2023

    Miriam Fernandez

    McWilliams/Ballard Inc.

    (703) 850-1159

    22 in this area

    57 Total Sales

    Miriam Fernandez
    Section Image
  • Dana Rice

    Buyer's Agent in 2023

    Dana Rice

    Compass

    (202) 669-6908

    1 in this area

    589 Total Sales

    Dana Rice
    Section Image
  • Kate Fralin

    Buyer Co-Listing Agent in 2023

    Kate Fralin

    Compass

    (202) 422-3524

    1 in this area

    40 Total Sales

    Kate Fralin
    Section Image
See All Agents

About Ritz-Carlton Residences

Map

Source: Bright MLS

MLS Number: MDMC2087500

Bright MLS

APN: 07-03867286

Maryland Montgomery County Chevy Chase 20815 Chevy Chase Lake

8551 Connecticut Ave Unit 203, Chevy Chase, MD

This home is located at 8551 Connecticut Ave Unit 203, Chevy Chase, MD 20815 since 29 March 2023 and is currently estimated at $1,456,870, approximately $930 per square foot. This property was built in 2022. 8551 Connecticut Ave Unit 203 is a home located in Montgomery County with nearby schools including Rosemary Hills Elementary School, North Chevy Chase Elementary School, and Silver Creek Middle School.

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