$172,500
●
Condo -
Off Market
13705 MODRAD WAY #9A14
SILVER SPRING, MD 20904
1 Bed
1 Bath
875 Ft²
$933
Est. Monthly
About This Property
OPPORTUNITY COMES BUT ONCE. INVESTOR ALERT, A RARE UNIT WHICH HAS
TENANTS ALREADY WHERE THE UNIT BRINGS $1,500.00 RENT FROM DAY 1. 1
BR AND 1 FB, A KITCHEN DINING/LIVING COMBO, A MINOR REMODELING WAS
DONE TO FACILITATE FOR 2ND PERSON FOR LIVING, IF THE NEW BUYER
DOES'NT LIKE THE SELLER WILL BRING IT TO THE ORIGINAL CONDITION.
THE UNIT NEEDS SOME MINOR TOUCH UPS, THE SELLER COUD'NT FIX DUE TO
SOME PERSONNEL REASONS BUT WILLING TO CREDIT AT SETTLEMENT FOR
BUYER TO FIX THEMSELVES TO THEIR TASTE. BEAUTIFUL RETIREMENT UNIT
WITH NO STEPS AND IS CLOSE FOR TRANSPORTATION, SHOPPING AND ETC.
HURRY BEFORE IT'S GONE. TIME IS OF THE ESSENCE, FIRST COME FIRST
SERVE. CALL THE LISTING AGENT FOR MORE INFORMATION. HURRY! HURRY!
HURRY! PLEASE DO NOT LET THE DOGS OUT. 3 SMALL SIZE DOGS NOT
HARMFUL AT ALL. CALL AGENT FOR COMBO.
Unit Size
875 Ft²
Days on Market
-
Land Size
-
Price per sqft
$217
Property Type
Condo
Property Taxes
$204
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #MDMC2120746)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Feb 16, 2024 | Listed by Bekkam Real Estate | $190,000 | |
| Listed by Bekkam Real Estate | |||
| Mar 31, 2017 | Sold | ||
| Sold | |||
| Jun 16, 2016 | Listed by RE/MAX Realty Group | $100,000 | |
| Listed by RE/MAX Realty Group | |||
   | |||
|
Investor Sale only - Tenant in place for 12 months - Enjoy this beautiful and spacious 1BR condo located near shopping and public transportation. Galley kitchen with breakfast bar and separate dining room. Built-in book shelves in living room, HARDWOOD FLOORING, with fireplace. Extra storage, community room, and pool included!
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms on Main Level: 1
Living Area Square Feet Source: Assessor
Exterior Details
Property Manager Present
Front Foot Fee: $0
Front Foot Fee Payment Frequency: Annually
Ownership Interest: Condominium
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Brick
Unit Building Type: Garden 1 - 4 Floors
Building Name: THE VINEYARDS CODM
Community Pool
Tidal Water: N
Land Assessed Value: $147,000
Finished Square Feet: 875
Finished Square Feet Source: Assessor
Financial Details
County Tax: $1,694
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $147,000
Tax Year: 2023
Tax Annual Amount: $2,451
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Air Conditioning, Electricity, Heat, Lawn Maintenance, Parking Fee, Snow Removal, Water
HOA/Condo/Coop Amenities: Other
Condo/Coop Fee: $369
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/16/2024
|
1 Bed
|
1 Bath
|
875 ft²
|
$190,000
1 Bed
1 Bath
875 ft²
|
$172,500
-9.21%
04/05/2024
|
Sambasiua Bekkam
Bekkam Real Estate
| |
|
12/01/2022
|
2 Bed
|
2 Bath
|
950 ft²
|
$208,000
2 Bed
2 Bath
950 ft²
|
$220,000
+5.77%
01/04/2023
|
Danielle Mannix
Compass
| |
|
01/09/2022
|
1 Bed
|
1 Bath
|
864 ft²
|
$180,000
1 Bed
1 Bath
864 ft²
|
-
-
|
Colleen Lee
Gerlach real estate, inc.
| |
|
08/23/2018
|
2 Bed
|
2 Bath
|
949 ft²
|
-
2 Bed
2 Bath
949 ft²
|
-
-
|
-
| |
|
06/16/2016
|
1 Bed
|
1 Bath
|
-
|
$100,000
1 Bed
1 Bath
|
$101,000
+1.00%
03/31/2017
|
David Goldberg
Goldberg Group Real Estate
|
Building Info
About Fairland
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Listed by: Sambasiua Bekkam
Bekkam Real Estate
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# MDMC2120746
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Bekkam Real Estate
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# MDMC2120746
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