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$228,000

Beds
2
Baths
2.0
sq ft
1,026

1111 University Blvd W Unit 717, Silver Spring, MD 20902

1111 University Blvd W Unit 717

SILVER SPRING, MD 20902

  • 15 days on market
Charming Condo for Sale. Discover this delightful 1,026 sq. ft. condo located in the heart of Montgomery County, Maryland, within the desirable Kemp Mill neighborhood. With two spacious bedrooms and two full bathrooms, this home offers the perfect blend of comfort and convenience. The condo features elegant hardwood floors and is bathed in natural light, creating a warm and inviting atmosphere. Enjoy the serene environment with picturesque views, and take advantage of nearby amenities, including Brookside Gardens, a beautiful retreat just a few miles away, perfect for relaxation and outdoor enjoyment. This home is conveniently located with easy access to public transportation and major routes, including I-495 and I-270. Shopping and everyday essentials are just minutes away, with Costco, Macy’s, Target, Giant, and more within a 2-mile radius. Additionally, the property is within walking distance of the MVA, pharmacies, and local shops. Outdoor enthusiasts will also appreciate the proximity to Sligo Creek Parkway, ideal for walking, jogging, or simply enjoying nature. The condo fee includes all utilities—electricity, gas, and water— making it an exceptional value! This condo is sold as-is, providing you with an opportunity to add your personal touch. Don’t miss this rare opportunity to own a condo that combines modern convenience, natural beauty, and access to fantastic local amenities. Schedule your visit today!

Details

Property type

Condominium

Est. home value

$198,481

Lot size

Unknown

Price per sq ft

$223

Year built

1967

Annual property taxes

$1,832

HOA

No

Price History

12/11/2024
Bright

Bright #MDMC2158038

Listed
$228,000
+35.09%
12/30/2022
Bright

Bright #MDMC2070414

Sold
$168,780

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

NORTHWOOD

Community features: 

Pool

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$52,596
Asking price
$228,000
Closing costs (~8% of asking)
-$18,240
Est. remaining loan balance
-$157,164
Cash to seller
$52,596

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Heritage Mortgage Llc

Loan start date

December 2022

Original loan amount

$160,341

Est. remaining balance

$157,164

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Melat Ayele and Tensay Alemu

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 8:00 PM

Listing updated: 12/12/2024 at 8:39 PM

Listed by: Mekonnen A Abebe, Samson Properties Phone #: (703) 378-8810

MLS: Bright #MDMC2158038

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