$405,000
●
Condo -
Off Market
15000 PENNFIELD CIR #307
SILVER SPRING, MD 20906
2 Beds
2 Baths
1,538 Ft²
$438,085
RealtyHop Estimate
0.71%
Since May 1, 2023
DC-Washington
Primary Model
About This Property
Large two bedroom one den condo, on the third floor of the newest
Villa Cortese Building. This unit features beautiful hardwood
floors, spacious tiled balcony, separate laundry room with a big
size washer and dryer, high ceilings, updated showers with marble
tiles and exceptional views of the community landscape.
Conveniently located close to the Leisure World Plaza shopping
center, the main gate, Clubhouse 1 and Admin bldg. Guest suite
available for resident's visitors. Parking spaces are deeded
separately and might be available for rent in private arrangement.
This property qualifies for a reverse mortgage loan as well.
Unit Size
1,538 Ft²
Days on Market
-
Land Size
-
Price per sqft
$283
Property Type
Condo
Property Taxes
$429
HOA Dues
-
Year Built
-
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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: 4 years ago (Bright MLS #MDMC2082396)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2023 | Sold | ||
| Sold | |||
| Mar 26, 2023 | In contract | - | |
| In contract | |||
| Feb 11, 2023 | Listed by Weichert, REALTORS | $435,000 | |
| Listed by Weichert, REALTORS | |||
Property Highlights
Parking Available
Air Conditioning
Elevator
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms on Main Level: 2
Living Area Square Feet Source: Assessor
Exterior Details
Ownership Interest: Condominium
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Concrete
Unit Building Type: Garden 1 - 4 Floors
Community Pool
Tidal Water: N
Land Assessed Value: $460,000
Finished Square Feet: 1538
Finished Square Feet Source: 1538
Financial Details
County Tax: $5,076
County Tax Payment Frequency: Annually
Tax Assessed Value: $460,000
Tax Year: 2023
Tax Annual Amount: $5,150
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: 60+ Gallon Tank
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance, Cable TV, Management, Trash, Water, Bus Service, High Speed Internet, Lawn Maintenance, Recreation Facility, Road Maintenance, Security Gate, Sewer, Snow Removal
HOA/Condo/Coop Amenities: Club House, Pool - Indoor, Pool - Outdoor, Security, Transportation Service, Bank / Banking On-site, Billiard Room, Community Center, Common Grounds, Elevator, Fitness Center, Gated Community, Golf Course Membership Available, Library, Party Room, Tennis Courts
Condo/Coop Fee: $1,064
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 |
|---|---|---|---|---|---|---|---|
|
10/04/2025
|
2 Bed
|
2 Bath
|
1123 ft²
|
$275,000
2 Bed
2 Bath
1123 ft²
|
$275,000
11/10/2025
|
Carolyn Simpkins
Weichert, REALTORS
| |
|
08/29/2025
|
2 Bed
|
2 Bath
|
1540 ft²
|
$405,000
2 Bed
2 Bath
1540 ft²
|
$410,000
+1.23%
10/28/2025
|
Marilyn Greggs
Weichert, REALTORS
| |
|
06/12/2025
|
2 Bed
|
2 Bath
|
1321 ft²
|
$385,000
2 Bed
2 Bath
1321 ft²
|
$386,600
+0.42%
07/16/2025
|
Karen Ranallo
Weichert, REALTORS
| |
|
03/23/2024
|
2 Bed
|
2 Bath
|
1547 ft²
|
$550,000
2 Bed
2 Bath
1547 ft²
|
$470,000
-14.55%
06/04/2024
|
Kimberly Jones
RLAH Real Estate
| |
|
07/04/2023
|
2 Bed
|
2 Bath
|
1131 ft²
|
$319,000
2 Bed
2 Bath
1131 ft²
|
$300,000
-5.96%
08/29/2023
|
Neil Bacchus
EXP Realty, LLC
| |
|
04/12/2023
|
2 Bed
|
3 Bath
|
1817 ft²
|
$655,000
2 Bed
3 Bath
1817 ft²
|
$627,000
-4.27%
08/24/2023
|
Patrick Smith
Turning Point Real Estate
| |
|
02/11/2023
|
2 Bed
|
2 Bath
|
1538 ft²
|
$435,000
2 Bed
2 Bath
1538 ft²
|
$405,000
-6.90%
04/19/2023
|
LEDIO BABOCI
Weichert, REALTORS
| |
|
03/03/2022
| |
2 Bed
|
2 Bath
|
-
|
$399,995
2 Bed
2 Bath
|
-
-
|
Jennifer T. Chow
Potomac Village
|
|
11/18/2021
|
2 Bed
|
2 Bath
|
1543 ft²
|
$449,950
2 Bed
2 Bath
1543 ft²
|
$435,000
-3.32%
12/29/2021
|
Susan Cohen
Weichert, REALTORS
| |
|
07/15/2021
| |
2 Bed
|
2 Bath
|
-
|
$449,000
2 Bed
2 Bath
|
-
-
|
Jennifer T. Chow
Potomac Village
|
|
02/21/2020
|
1 Bed
|
1 Bath
|
716 ft²
|
$129,900
1 Bed
1 Bath
716 ft²
|
-
-
|
-
| |
|
07/17/2019
|
2 Bed
|
2 Bath
|
1574 ft²
|
$450,000
2 Bed
2 Bath
1574 ft²
|
$440,000
-2.22%
12/03/2019
|
Sue Heyman
Weichert, REALTORS
| |
|
05/02/2019
|
3 Bed
|
2 Bath
|
1563 ft²
|
$499,999
3 Bed
2 Bath
1563 ft²
|
$485,000
-3.00%
09/03/2019
|
Richard Winkler
Southern Maryland Real Estate
| |
|
08/21/2018
|
2 Bed
|
2 Bath
|
1538 ft²
|
-
2 Bed
2 Bath
1538 ft²
|
-
-
|
-
| |
|
08/21/2018
|
1 Bed
|
1 Bath
|
705 ft²
|
-
1 Bed
1 Bath
705 ft²
|
-
-
|
-
| |
|
07/29/2017
| |
1 Bed
|
1 Bath
|
705 ft²
|
-
1 Bed
1 Bath
705 ft²
|
-
-
|
-
|
|
04/17/2015
|
2 Bed
|
2 Bath
|
1298 ft²
|
$298,000
2 Bed
2 Bath
1298 ft²
|
$275,000
-7.72%
06/01/2015
|
Sue Heyman
Weichert, REALTORS
|
Building Info
About Rossmoor
Similar Homes for Sale
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$2,250 /mo
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Listed by: LEDIO BABOCI
Weichert, REALTORS
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDMC2082396
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.
Weichert, REALTORS
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDMC2082396
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