614 SLIGO AVE #410, SILVER SPRING, MD 20910 (MLS # MDMC744316)

Price $175,900
Status Active
Beds 2
Baths 1 Bath
Home size 1,083 sqft
Lot Size n/a
Days on Market 17
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 steelappliances, 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 distanceto public transportation. Within minutes to I-495, Colesville Road Purchase vs renting analysis:Sale price: $175,900 with 20% down = $35,200 Loan amount: $140,800 at 3.0% interest, Monthlymortgage = $594 Taxes and insurance/mo = $199 Condo fees= $823/mo TO BUY , Total monthlypayment to own = $1,616.00 - annually = $19,392 TO RENT 2 Beds/1bath in the area is around$1,800 per month - annually $21,600 A saving of $2,208/year when purchase Conclusion: It issmart to purchase instead of renting. The equity of the house will most likely increase and theinterest fees will be tax deductible. Disclaimer: The exercise shown above merely for illustrationpurpose. Accurate figures will be provided by a lender.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 2/11/2021 Tract THE CAROLYN
Year Built 1966 County MONTGOMERY

SCHOOLS

School District MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary School EAST SILVER SPRING
Jr. High School TAKOMA PARK
High School MONTGOMERY BLAIR

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
AMENITIES Air Conditioning, Common Area Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Parking Fee, Trash, Water
APPLIANCES Built-In Microwave, Stainless Steel Appliances
CONSTRUCTION Brick
GARAGE Paved Parking, Permit Included
HEAT Baseboard - Hot Water
HOA DUES 823.00 Monthly
INTERIOR Carpet, Walk-in Closet(s)
SEWER Public Sewer
STORIES 1
STYLE Traditional, Unit/Flat/Apartment
SUBDIVISION THE CAROLYN
TAXES 1772.00
UTILITIES None
WATER None
ZONING R10

Location

 

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