New Construction

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South Silver Spring - Newell Street Condos Market Report

July 11th, 2008 Categories: Home Sellers, Homebuyer, New Construction, Silver Spring Condos, Silver Spring Neighborhoods, Silver Spring Real Estate

8045 Newell Street (by Patriot Group) is a five story, 120 unit condominium building. This building was completed and already Sold out in 2006.

This Building offers a Fun, Funky, Hip and Laid Back Urban Lifestyle, in a Small Intimate “Pet Friendly” Building. Located by Historic Acorn Park in the South Silver Spring neighborhood, the Units have Open Floor Plans with High Ceilings, Washers and Dryers in the Units and either a balcony or sunroom.

SAVE your GAS! and Walk everywhere from this building that has a very high Walkabilty Score. Walking Distance to Silver Spring Metro/Red Line, Rock Creek Park hiking biking trails and all the ammenities of Downtown Silver Spring.

This market report is for the last 6 month period begining January 1, through July 6th 2008. All units are resales reported in the Metropolitan Regional Information Service (MRIS)

4 Active For Sale Listings
1)  1 Bedroom 1 Bath 2nd Floor
     (820 sq ft) Asking -$285,000
     Days on Market - 57
2) 1 Bedroom - 1 Bath 5th Floor
    (820 sq ft) Asking - $315,000
     Days on Market - 267
3)  1 Bedroom 1 Bath 2nd Floor
    (900 sq ft)
     Asking $347,500
     Days on Market - 6

1 Listing Under Contract
1) 2 Bedroom - 2 Bath 3rd Floor (1,255 Sq ft) - Asking $410,000 Days on Market - 7

4 Sold Listings
1) 0 Bedroom 1 Bath Efficiency Unit 2nd Floor Unit (569 sq ft)
     Asking Price - $108,746   Sold Price - $108,746 Seller Subsidy -$3,469
     Days on Market - 5
2) 0 Bedroom 1 Bath   Efficiency Unit (569 sq ft) 4th Floor
     Asking Price - $109,658   Sold Price - $109,658   Seller Subsidy $3,498
     Days on Market - 3
3) 1 Bedroom - 1 Bath 5th Floor (820 sq ft)
     Asking Price - $285,000   Sold Price - $285,000   Days on Market - 21
4) 1 Bedroom - 1 Bath and Den (935 sq ft) 3rd Floor Unit
     Asking - $320,000 Sold - $320,00 Seller Subsidy - $10,000 Days on Market - 85

Thinking about Selling or Buying a Silver Spring Condominium? - Contact Debbie Cook (301) 587-3528 for your current, No Obligation Market Report on the Silver Spring Condominium Market.

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Archive for the 'New Construction' Category

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