$220,000
●
Condo -
Off Market
3510 FOREST EDGE DR #161A
SILVER SPRING, MD 20906
3 Beds
2 Baths
1,415 Ft²
$221,706
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Located in a 55+ Senior Living Gated Community. This freshly
painted first-floor corner unit condo has 3 bedrooms, 2 full baths,
and a large patio off the living room. 1,415 square feet of living
space with lots of light from windows on all three sides. The table
space kitchen has a recently added refrigerator. Spacious dining
area for entertaining. Condo has numerous spacious closets plus a
full-size Washer and Dryer. Enclosed carport parking with a
separate storage area is included with the purchase. The condo fee
covers all utilities, including Comcast Cable TV and High-Speed
Internet. The Leisure World community offers an 18-hole golf
course, 2 clubhouses, formal and casual restaurants, a fitness
center, tennis courts, and an indoor and outdoor swimming pool.
Enjoy pickle ball, tennis, art and photography clubs, numerous
clubs, and several lovely walking paths. MedStar Health Center is
near the Norbeck Gate entrance across from Club House 2.
Close to the Leisure World community center anchored by the
Giant Grocery store and features an excellent mix of retailers and
restaurants.
Unit Size
1,415 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
Condo
Property Taxes
$198
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 #MDMC2088860)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2023 | Sold | ||
| Sold | |||
| Apr 23, 2023 | In contract | - | |
| In contract | |||
| Apr 15, 2023 | Listed by Compass | $220,000 | |
| Listed by Compass | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Detached Carport
Detached Carport Spaces: 1
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms on Main Level: 3
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: 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
Outdoor Living Structures: Patio(s)
Community Pool
Tidal Water: N
Land Assessed Value: $220,000
Finished Square Feet: 1415
Finished Square Feet Source: 1415
Financial Details
County Tax: $2,317
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $220,000
Tax Year: 2022
Tax Annual Amount: $2,372
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Central
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Electricity, Cable TV, High Speed Internet, Common Area Maintenance, Recreation Facility, Snow Removal, Trash
HOA/Condo/Coop Amenities: Exercise Room, Jog/Walk Path, Party Room, Pool - Outdoor
Condo/Coop Fee: $1,016
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 |
|---|---|---|---|---|---|---|---|
|
12/06/2024
|
2 Bed
|
2 Bath
|
1273 ft²
|
$220,000
2 Bed
2 Bath
1273 ft²
|
$220,000
01/10/2025
|
Marilyn Greggs
Weichert, REALTORS
| |
|
10/01/2024
|
1 Bed
|
2 Bath
|
946 ft²
|
$165,000
1 Bed
2 Bath
946 ft²
|
$165,000
10/28/2024
|
Adrienne Thiry
Weichert, REALTORS
| |
|
12/02/2023
|
3 Bed
|
2 Bath
|
1415 ft²
|
$285,000
3 Bed
2 Bath
1415 ft²
|
$281,000
-1.40%
01/10/2024
|
Sudha Baxter
Weichert, REALTORS
| |
|
04/15/2023
|
3 Bed
|
2 Bath
|
1415 ft²
|
$220,000
3 Bed
2 Bath
1415 ft²
|
$220,000
05/19/2023
|
Jan Brito
Compass
| |
|
08/26/2022
|
2 Bed
|
2 Bath
|
1157 ft²
|
$209,500
2 Bed
2 Bath
1157 ft²
|
$207,000
-1.19%
12/02/2022
|
Manuela Thoms
Weichert, REALTORS
| |
|
01/10/2022
|
3 Bed
|
2 Bath
|
1415 ft²
|
$238,000
3 Bed
2 Bath
1415 ft²
|
$220,000
-7.56%
03/21/2022
|
Barbara Milton
Weichert, REALTORS
| |
|
08/06/2021
|
2 Bed
|
2 Bath
|
1157 ft²
|
$145,000
2 Bed
2 Bath
1157 ft²
|
$130,000
-10.34%
10/08/2021
|
Marilyn E Greggs
Weichert, REALTORS
| |
|
09/23/2021
|
2 Bed
|
2 Bath
|
1157 ft²
|
$199,500
2 Bed
2 Bath
1157 ft²
|
$180,000
-9.77%
11/24/2021
|
Carolyn Simpkins
Weichert, REALTORS
| |
|
08/19/2021
|
2 Bed
|
2 Bath
|
1412 ft²
|
$234,500
2 Bed
2 Bath
1412 ft²
|
$234,500
10/27/2021
|
Muhammad mir
First American Real Estate
| |
|
07/16/2018
| |
2 Bed
|
2 Bath
|
1273 ft²
|
-
2 Bed
2 Bath
1273 ft²
|
-
-
|
-
|
|
09/18/2015
|
1 Bed
|
1 Bath
|
946 ft²
|
$99,999
1 Bed
1 Bath
946 ft²
|
$91,000
-9.00%
10/27/2015
|
John Radcliffe
Weichert, REALTORS
| |
|
05/15/2015
|
3 Bed
|
2 Bath
|
1415 ft²
|
$169,000
3 Bed
2 Bath
1415 ft²
|
$165,000
-2.37%
06/30/2015
|
Sue Heyman
Weichert, REALTORS
|
Building Info
About Rossmoor
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Listed by: Laura Quigley
Compass
Last Updated: 6 hours ago
Data Source: Bright MLS , MLS# MDMC2088860
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: 6 hours ago
Data Source: Bright MLS , MLS# MDMC2088860
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