Archive for the 'Silver Spring Condos' Category
South Silver Spring - The Silverton Real Estate Market Report
July 14th, 2008 Categories: Downtown Silver Spring, Home Sellers, Homebuyer, Real Estate, Real Estate Market, Silver Spring Condos, Silver Spring Neighborhoods, South Silver Spring, silver spring real estate
The Silverton Condos (by JBG Group) on East West Highway was built around the vintage art deco facade of the former Canada Dry bottling plant and has 210 dwelling units.Â
The units were finished in 2006 - 2007Â
The Silverton has Beautifully Appointed Floor Plans, Glass Doors Leading to Private Balconies, Chef-Caliber Kitchens with Maple Cabinets and Granite Countertops, Granite Vanities in Bathrooms and Full-Size Washers and Dryers in the units!
There is a High-Tech Resident E-Lounge, Swimming Pool, Expansive Sundeck and a Cutting-Edge Fitness Center.
The Building is within Walking Distance to Metro and has Easy Access to Washington, DC & I-495 Close to Excellent Shopping, Fine Dining & Entertainment. Â
This market report encompasses All Sales Activity at the SilvertonÂ
Last 6 months ( Jan - July 2008)Â Â Â
3 Active (For Sale) Listings
1)Â 2 Bedroom 2 Bath - 3rd Floor Unit (1,307 sq ft)
    Asking Price - $499,900 Days on Market - 117
2)Â 2 Bedroom 2 Bath - 2nd Floor Corner Unit
    (1,084 sq ft) Asking Price - $395,000Â
    Days on Market - 62
3)Â 1 Bedroom 1 Bath - 2nd Floor Unit (718 sq ft)
    Asking Price - $290,000 Days on Market - 232
1 Listing Under Contract
1)Â 1 Bedroom 1 Bath - 1st Floor Unit (792 sq ft)
     Asking Price - $290,000 Days on Market - 65
3Â Sold Listings
1)  1 Bedroom 2 Bath Special Unit  (955 sq ft)
    Asking Price - $324,900 Sold Price - $324,900
    Days on Market - 25
2)Â 1 Bedroom 2 Bath Special Unit (955 sq ft)
    Asking Price - $324,900 Sold price - $324,900
    Days on Market - 25
3)Â 1 Bedroom 1 Bath 2nd Floor Unit (776 sq ft)
     Asking Price - $295,000 Sold Price - $290,000
    Seller Subsidy $7,700 - Days on Market - 58
Thinking about Selling or Buying a South 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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South Silver Spring - Newell Street Condos Market Report
July 11th, 2008 Categories: Downtown Silver Spring, Home Sellers, Homebuyer, New Construction, Real Estate, Real Estate Market, 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.
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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. Â
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)
4Â Active For Sale Listings
1)  1 Bedroom 1 Bath 2nd Floor
    (820 sq ft) Asking -$285,000Â
    Days on Market - 57
2) 1 Bedroom - 1 Bath 5th Floor Â
    (820 sq ft) Asking - $315,000Â
    Days on Market - 267
3)  1 Bedroom 1 Bath 2nd Floor Â
    (900 sq ft)
    Asking $347,500 Â
    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  Â
    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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More Silver Spring, Md Real Estate Market Reports - Seven Oaks Subdivision and South Silver Spring Condos
November 7th, 2007 Categories: Downtown Silver Spring, Home Sellers, Homebuyer, Houses in Silver Spring, Seven Oaks, Silver Spring Condos, Silver Spring Neighborhoods, South Silver Spring
        New Real Estate Market Activity Reports
Single Family Homes
Seven Oaks Subdivision – 20910 & 20901
Condominiums in South Silver Spring – 20910
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                Aurora Condominiums
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                The Silverton
                 8045 Newell Street Condos
Luxury Town Houses Cameron Hill  – 20910
If you are thinking about Selling Your Silver Spring House, Condo or Townhouse - Call on Debbie Cook and The Silver Spring Team for a No Obligation Market Report on Your Silver Spring Condominium. With our 21 years of Experience and our Enthusiasm for Silver Spring, we know how to get Silver Spring Homes Sold Fast and for Top Dollar in the Current Silver Spring Real Estate Market.
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Click for an Over the Net Comparative Market Analysis (CMA) of your Silver Spring Home
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Silver Spring, Md East Silver Spring Proposed Residential Development
February 12th, 2007 Categories: East Silver Spring, Houses in Silver Spring, New Construction, Real Estate, Real Estate Market, Silver Spring Condos, Silver Spring Neighborhoods
Proposed Condo/Apartment Building at 814 Thayer Avenue – Currently an Office Building (Accross from Silver Spring Towers Apartments) will be a 5 story 52 Unit Residential Building – Units will be 1 or 2 Bedroom – Some will have a mezzanine. Expected Prices are to be less than $450,000. The developers are not sure how many or if any units will be for rent. The designers are considering the location as a “transistional site” between the commercial buildings of Fenton Street Village and the adjoining residential area. The building facade along Thayer Ave. will be pointed, with extensive glass panelling, the building will be set back from the street, and have a small plaza featuring chess tables, plus trees & ornamental plants. The current building on the site was once home to the National Association of the Deaf & the National Association of the Deaf and Blind, to commemorate this the new building will have Braille on the exterior surface, plus other tributes to these associations. There will be only be 37 parking spaces for this Building. This Building design is Conceptual and not Final, at this time. The East Silver Spring Citizens Association heard about this proposed development at their January Meeting.
For the February meeting the East Silver Spring Citizens Association will hear from the 
Attorney for the developers of the site on the southeast corner of Silver Spring Avenue and Fenton Street. (currently a Parking Lot – Just a block away from the 814 Thayer Ave Site) There is a 94 Unit Residential Project proposed. This project will be either Condominiums or Apartments. Residents in East Silver Spring have some valid concerns about traffic and parking, in and around an already busy, crowded, way too narrow Fenton Street.
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Silver Spring, Md Interesting Happenings, Events and Sweepstakes
January 31st, 2007 Categories: Real Estate, Silver Spring Condos, Silver Spring Neighborhoods, South Silver Spring
The Go Green at Home Takoma Park Green Building Conference is for homeowners and contractors to learn and share information about green building. The conference will be on February 18th from 11 AM to 5 PM. John Spears of Sustainable Design Group, Inc. will be the keynote speaker at 11 AM. There are over twenty additional speakers to choose from and many more topics on subjects ranging from landscaping to finishes. Registration is $5, with an optional $10 for lunch (only for registration prior to Feb. 12) through the Recreation Department. A flier with registration information is attached. For additional information, you may also look at the “Upcoming Events” section of the City website at www.takomaparkmd. gov or call Ilona Blanchard at (301) 891-7205.
On February 23, Brookside Gardens will be hosting a Green Matters symposium on urban trees and forestry. “Green Matters, an annual symposium, concentrates attention on environmental issues with which we are currently faced and over which we have some control. Environmental stewardship is a core value of the Maryland-National Capital Park and Planning Commission (M-NCPPC), Brookside Garden’s parent organization. As such, we strive to provide timely information and viable solutions to environmental challenges, because we feel strongly that green does matter. The 2007 Green Matters Symposium focuses on the topic of trees.”
The South Silver Spring Neighborhood Association has a website. It is in BLOG form that residents can comment on and includes a Community Guide. The site is very innovative with an integrated Event Calander. The Community Guide takes the form of a wiki. This is the only community website of it’s kind that I have seen in our area. The website contains information about local parks, businesses and residences in the community, as well as information about business that provide services to South Silver Spring.
Congratulations to South Silver Spring – I think the new site looks great! And Last but not least, for the ultimate in Home Improvement and Bathroom renovation….. I recieved an email from Roto Rooter, I have used them in my Real Estate business and at home over the last few years. They are great in an emergency and at a reasoanble charge. I was surprised when they sent me this email about giving away a TRICKED OUT TOILET? in their PIMPED Out JOHN sweepstakes. This is for Real? What will they think of next?
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Lots of New Faces Ditching the Burbs and Heading to Urban Condo Frontier
December 13th, 2006 Categories: Homebuyer, New Construction, Real Estate, Real Estate Market, Silver Spring Condos
Are you part of the demographic trend that’s driving the rising cost of condos in recent years? According to the NAR (Nat’l Assoc of Realtors), increases in condo values have recently begun to outstrip those of single family homes for the first time ever. NAR says that between 2001 and 2004, condos appreciated at a whopping 57% to the skimpy 25% of single family homes.Â
Changing Middle class lifestyles and demographics are one factor behind the shift, economists theorize. The Census Bureau reports that there has been a decline in nuclear family households in the US, which was 40% in 1970, to a mere 24% in 2000.
Designing a more streamlined living situation has become increasingly desirable for single parents, divorced individuals and busy retirees, as well as the single professionsals who were drawn to condo life when they first appeared in the early 1980’s. Why tie yourself down to a suburban yard and commute, condo-converts reason, when for some big bucks more, you could live in an urban setting and spend your time doing other things?Â
The good news is that lots of new condos are being built for those willing to pay the price. The potential bad news, warn economists, is the possibility that the rise in condo values may be attracting speculators, who hope to cash in quickly, while the market looks hot. Some markets, like Chicago, are already facing a glut of condos. Not so, here in Silver Spring, MD where our market was HEALTHY - Stats for us are here in a previous post. I am polishing my crystal ball with questions about what will happen with the Silver Spring’s Real Estate Market next year? Anybody have any ideas on the subject?Â
Thumbnail History Lesson: During the late 1980s condo values in some areas, fell by as much as 50%, during which time single family home values dropped by less than half that amount. It took almost a decade for condo prices to go back up. Food for thought.
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Downtown Silver Spring, Md - New Condo Market was Healthy in 2006?!
November 30th, 2006 Categories: New Construction, Real Estate, Real Estate Market, Silver Spring Condos, Silver Spring Neighborhoods
50 New Condominiums were Sold in Downtown Silver Spring, MD from January 2006 to the present. Over 75% of these were Sellers that bought before the Building was started and never moved in. Statistics are taken from the Metropolitan Regional Information Services for Realtors. The MRIS shows only those Sales that went through Real Estate Brokers. The MRIS does not show private sales or all of the Sales that went through the Original Builder.
23 - 1 Bedroom Condos were SOLD - The average List (Asking) Price for a One Bedroom was $327,877 and the Average SOLD Price was $326,586. The average time a one bedroom took to sell was 41 Days (not bad! considering the current market place)
27 - 2 Bedroom Condos were SOLD - The average List (Asking) Price for a two Bedroom was $409,742 and the Average SOLD Price was $404,999 The average time on the market for a Two Bedroom was 35 Days (again, really good considering the market!)
Click Here for Details and Photos of All 50 Condos Sold this Year
Click here to Search all active resale condominiums in Silver Spring Downtown (Inside the beltway - zip 20910)
View a Market Snapshot for Downtown Silver Spring Condos
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