$320,000
●
Condo -
Off Market
14801 PENNFIELD CIR #312
SILVER SPRING, MD 20906
2 Beds
2 Baths
1,361 Ft²
$2,605
Est. Monthly
$1,033
HOA / Fees
4.20%
Cap Rate
About This Property
**OPEN HOUSE Saturday, 8/3 from 2-4pm.**** I know you will be
impressed with this condo in The Villa Cortese section of Leisure
World. This 2 bedroom, 2 bath condo has a floor-to-ceiling
sunroom to bring in all the natural light from the peaceful and
private view of the grounds. The entire unit has been
freshly painted and new carpet throughout. Enjoy the eat-in
kitchen, huge primary bedroom with walk-in closet and private bath
with separate soaking tub and shower. Washer and dryer in the
unit and storage unit in basement of building. Enjoy the
indoor or outdoor pool, tennis court, golf, clubhouse, walking
trails, etc. The building is one of the closest sections to
the main entrance of Leisure World where you can easily get to
Giant, the Post Office and all of the great restaurants.
**The purchaser(s) agree(s) to pay Leisure World of Maryland Corp. at the time of settlement the following fees: $350.00 Membership Transfer Fee and 3.0% of the Gross Sale Price as a contribution to the Resale Improvement Fund. **** Please note that the HOA Fee is included in the monthly Condo Fee.
**The purchaser(s) agree(s) to pay Leisure World of Maryland Corp. at the time of settlement the following fees: $350.00 Membership Transfer Fee and 3.0% of the Gross Sale Price as a contribution to the Resale Improvement Fund. **** Please note that the HOA Fee is included in the monthly Condo Fee.
Unit Size
1,361 Ft²
Days on Market
25 days
Land Size
-
Price per sqft
$235
Property Type
Condo
Property Taxes
$290
HOA Dues
$1,033
Year Built
1995
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Cap Rate Calculator
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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 #MDMC2140782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Relisted | $320,000 | |
| Relisted | |||
| Aug 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 25, 2024 | Listed by Compass | $320,000 | |
| Listed by Compass | |||
Show More
Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
With View
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms on Main Level: 2
Interior Features: Kitchen - Table Space, Floor Plan - Traditional
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Washer/Dryer Stacked
Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
Living Area Square Feet Source: Assessor
Laundry Type: Washer In Unit, Dryer In Unit
Exterior Details
Front Foot Fee: $0
Front Foot Fee Payment Frequency: Unknown
Ownership Interest: Condominium
Property Condition: Very Good
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Combination
Unit Building Type: Mid-Rise 5 - 8 Floors
Building Name: VILLA CORTEZ COD
Community Pool
Tidal Water: N
Land Assessed Value: $295,000
Finished Square Feet: 1361
Finished Square Feet Source: Assessor
Financial Details
County Tax: $3,399
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $295,000
Tax Year: 2024
Tax Annual Amount: $3,476
Year Assessed: 2024
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Central
Cooling Fuel: Natural Gas
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Cable TV, Sewer, Trash, Water, Security Gate
HOA/Condo/Coop Amenities: Club House, Community Center, Exercise Room, Gated Community, Golf Club, Golf Course Membership Available, Jog/Walk Path, Pool - Outdoor, Putting Green, Retirement Community, Swimming Pool, Tennis Courts, Common Grounds, Transportation Service
HOA Fee: $0
HOA Fee Frequency: Unknown
Condo/Coop Fee: $1,033
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 |
|---|---|---|---|---|---|---|---|
|
01/21/2026
|
2 Bed
|
2 Bath
|
1361 ft²
|
$365,000
2 Bed
2 Bath
1361 ft²
|
$347,000
-4.93%
05/28/2026
|
Richard Winkler
Southern Maryland Real Estate
| |
|
11/06/2025
|
3 Bed
|
2 Bath
|
1633 ft²
|
$435,000
3 Bed
2 Bath
1633 ft²
|
$430,000
-1.15%
12/31/2025
|
Joseph Petruccelli
Weichert, REALTORS
| |
|
10/07/2025
|
2 Bed
|
2 Bath
|
1361 ft²
|
$349,900
2 Bed
2 Bath
1361 ft²
|
$345,000
-1.40%
12/01/2025
|
Carl Stein
RE/MAX Pros
| |
|
08/23/2025
|
3 Bed
|
2 Bath
|
1633 ft²
|
$435,000
3 Bed
2 Bath
1633 ft²
|
$435,000
09/19/2025
|
Janice Fife
Weichert, REALTORS
| |
|
07/09/2025
|
2 Bed
|
2 Bath
|
1131 ft²
|
$285,000
2 Bed
2 Bath
1131 ft²
|
$285,000
07/31/2025
|
LEDIO BABOCI
Weichert, REALTORS
| |
|
04/03/2025
|
2 Bed
|
2 Bath
|
1312 ft²
|
$279,000
2 Bed
2 Bath
1312 ft²
|
$279,000
05/13/2025
|
Richard Winkler
Southern Maryland Real Estate
| |
|
12/05/2024
|
2 Bed
|
2 Bath
|
1131 ft²
|
$269,000
2 Bed
2 Bath
1131 ft²
|
$262,000
-2.60%
06/23/2025
|
Kelly Bohi
Compass
| |
|
07/25/2024
|
2 Bed
|
2 Bath
|
1361 ft²
|
$320,000
2 Bed
2 Bath
1361 ft²
|
$320,000
09/09/2024
|
Nikki Cooper
Compass
| |
|
02/08/2024
|
2 Bed
|
2 Bath
|
1361 ft²
|
$339,000
2 Bed
2 Bath
1361 ft²
|
$339,000
03/14/2024
|
Eve Marinik
Douglas Realty
| |
|
09/08/2023
|
2 Bed
|
2 Bath
|
1361 ft²
|
$349,900
2 Bed
2 Bath
1361 ft²
|
$290,000
-17.12%
11/02/2023
|
Susan Hartman
O'Conor, Mooney & Fitzgerald
| |
|
01/09/2023
|
2 Bed
|
2 Bath
|
1158 ft²
|
$269,900
2 Bed
2 Bath
1158 ft²
|
$264,000
-2.19%
04/27/2023
|
Thomas Riley
TTR Sotheby's International Realty
| |
|
10/11/2022
|
2 Bed
|
2 Bath
|
1158 ft²
|
$255,000
2 Bed
2 Bath
1158 ft²
|
$254,400
-0.24%
03/13/2023
|
Gregory Hangemanole
Long & Foster Real Estate, Inc.
| |
|
05/20/2022
| |
2 Bed
|
2 Bath
|
-
|
$275,000
2 Bed
2 Bath
|
-
-
|
Charmaine Prusak
Greater Silver Spring
|
|
07/14/2022
|
2 Bed
|
2 Bath
|
1361 ft²
|
$329,000
2 Bed
2 Bath
1361 ft²
|
$329,000
11/02/2022
|
Gregory Hangemanole
Long & Foster Real Estate, Inc.
| |
|
05/20/2022
|
2 Bed
|
2 Bath
|
1084 ft²
|
$239,000
2 Bed
2 Bath
1084 ft²
|
$239,000
11/04/2022
|
Charmaine Prusak
Greater Silver Spring
| |
|
01/19/2022
|
2 Bed
|
2 Bath
|
1312 ft²
|
$319,000
2 Bed
2 Bath
1312 ft²
|
-
-
|
Eve Marinik
Douglas Realty
| |
|
07/29/2021
|
3 Bed
|
3 Bath
|
1633 ft²
|
$415,000
3 Bed
3 Bath
1633 ft²
|
-
-
|
Troy Laur
Corner House Realty
| |
|
09/18/2019
| |
3 Bed
|
3 Bath
|
-
|
$405,000
3 Bed
3 Bath
|
-
-
|
-
|
|
03/20/2020
|
3 Bed
|
3 Bath
|
1633 ft²
|
$419,000
3 Bed
3 Bath
1633 ft²
|
-
-
|
-
| |
|
08/19/2019
|
2 Bed
|
2 Bath
|
1361 ft²
|
$285,000
2 Bed
2 Bath
1361 ft²
|
$285,000
09/12/2019
|
Roberta Campbell
Weichert, REALTORS
| |
|
06/21/2019
|
2 Bed
|
2 Bath
|
1312 ft²
|
$275,000
2 Bed
2 Bath
1312 ft²
|
$275,000
08/16/2019
|
Maria Kolick
RE/MAX Realty Centre, Inc.
| |
|
12/04/2018
|
2 Bed
|
2 Bath
|
1550 ft²
|
$349,900
2 Bed
2 Bath
1550 ft²
|
$349,900
03/15/2019
|
Christine Sherrod
Weichert, REALTORS
| |
|
08/15/2018
|
1 Bed
|
2 Bath
|
945 ft²
|
-
1 Bed
2 Bath
945 ft²
|
-
-
|
-
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1490 ft²
|
-
2 Bed
2 Bath
1490 ft²
|
-
-
|
-
|
|
08/16/2016
|
2 Bed
|
2 Bath
|
1361 ft²
|
$255,000
2 Bed
2 Bath
1361 ft²
|
$255,000
09/29/2016
|
Judy Duggan
Weichert, REALTORS
| |
|
04/07/2016
|
1 Bed
|
1 Bath
|
945 ft²
|
$165,000
1 Bed
1 Bath
945 ft²
|
$160,000
-3.03%
05/31/2016
|
Sharon Ledbetter
Weichert, REALTORS
| |
|
03/01/2016
|
2 Bed
|
2 Bath
|
1606 ft²
|
$289,000
2 Bed
2 Bath
1606 ft²
|
$279,500
-3.29%
03/01/2016
|
Sue Heyman
Weichert, REALTORS
| |
|
11/18/2014
|
2 Bed
|
2 Bath
|
1158 ft²
|
$167,500
2 Bed
2 Bath
1158 ft²
|
$142,500
-14.93%
09/29/2015
|
Corliss Wood
EXIT Right Realty
| |
|
05/23/2012
|
2 Bed
|
2 Bath
|
1361 ft²
|
$235,000
2 Bed
2 Bath
1361 ft²
|
$229,000
-2.55%
09/14/2012
|
Sue Heyman
Weichert, REALTORS
|
Building Info
14801 Pennfield Circle
14801 Pennfield Circle, Silver Spring, MD 20906
- 2 Units for Sale
About Rossmoor
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Listed by: Nikki Cooper
Compass
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDMC2140782
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Compass
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDMC2140782
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