Description
Huge Price reduction !!! This lovely 2 bedroom gem is located right in the heart of Silver Spring. Minutes from downtown. Totally renovated condo with fresh paint, Granite counters, ceramic back-splash, stainless steel appliances, custom closets and energy efficient windows. All utilities are included in the condo fee. One assigned parking spot and visitor or street parking for additional vehicles. Walking distance to public transportation. Within minutes to I-495, Colesville RoadPurchase vs renting analysis:Sale price: $179,000 with 20% down = $35,800Loan amount: $143,200 at 3% interest, Monthly mortgage = $604Taxes and insurance/mo = $199Condo fees= $823/moTotal monthly payment to own = $1,626.002 Beds/1bath rent in the area is $1,700 - $1900 per monthConclusion: It is much better to purchase. The equity of the house will increase and the interest fees will be tax deductible.Disclaimer: The exercise shown above merely for illustration purpose. Accurate figures will be calculate by a lender.
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2BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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1,083SQFT
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$163$/SQFT
School Information
Description
Huge Price reduction !!! This lovely 2 bedroom gem is located right in the heart of Silver Spring. Minutes from downtown. Totally renovated condo with fresh paint, Granite counters, ceramic back-splash, stainless steel appliances, custom closets and energy efficient windows. All utilities are included in the condo fee. One assigned parking spot and visitor or street parking for additional vehicles. Walking distance to public transportation. Within minutes to I-495, Colesville RoadPurchase vs renting analysis:Sale price: $179,000 with 20% down = $35,800Loan amount: $143,200 at 3% interest, Monthly mortgage = $604Taxes and insurance/mo = $199Condo fees= $823/moTotal monthly payment to own = $1,626.002 Beds/1bath rent in the area is $1,700 - $1900 per monthConclusion: It is much better to purchase. The equity of the house will increase and the interest fees will be tax deductible.Disclaimer: The exercise shown above merely for illustration purpose. Accurate figures will be calculate by a lender.
©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dart Homes | Re/Max Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-01-18T10:53:17.387.