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$130,000

Beds
1
Baths
1.0
sq ft
704

8601 Manchester Rd Unit 513, Silver Spring, MD 20901

8601 Manchester Rd Unit 513

SILVER SPRING, MD 20901

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Details

Property type

Condominium

Est. home value

$157,339

Lot size

Unknown

Price per sq ft

$185

Year built

1958

Annual property taxes

$1,495

HOA

No

Price History

03/31/2022
Bright

Bright #MDMC2038284

Sold
$125,000

Schools & Community

Elementary school: 

OAK VIEW

Middle school: 

EASTERN

High school: 

MONTGOMERY BLAIR

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

$6,919
Asking price
$130,000
Closing costs (~8% of asking)
-$10,400
Est. remaining loan balance
-$112,681
Cash to seller
$6,919

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

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

March 2022

Original loan amount

$118,750

Est. remaining balance

$112,681

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Cynthia Nannette Morrison

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: Coming Soon

Tomo last checked: 12/22/2024 at 11:40 AM

Listing updated: 12/17/2024 at 3:14 PM

Listed by: Brandon S. Hargreaves, The KW Collective Phone #: (443) 574-1600

MLS: Bright #MDMC2158598

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