Silverspringism

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.


2008 Sales for 8045 @Silver Spring Metro

8 Listings SOLD in 2008

1)  1 Bedroom 1 Bath  2nd Floor
     (820 sq ft)  Asking - $245,000
     Sold Price - 245,000 
     Days on Market - 222
2)  1 Bedroom - 1 Bath 5th Floor  
     (820 sq ft) Asking - $285,000
     Sold for - $285,000 
     Days on Market - 21
3)  1 Bedroom - 1 Bath 4th Floor
     (820 sq ft) with Gar. Parking Space
     List Price - $299,000
     Sold Price - $284,000
     Days on Market - 8
4)  1 Bedroom 1 Bath with Den 3rd Floor  
     (935 sq ft) - with Garage Parking
     Asking - $320,000
     Sold Price - $320,000
     Seller Subsidy $10,000 
     Days on Market - 85
5) 1 Bedroom 1 Bath with Den 2nd Floor
     (900 Sq ft) with Gar. Parking
     Asking Price  $347,500
     Sold Price - $335,000
     Days on Market - 11
6) 2 Bedroom 2 Bath 2nd Floor 
     (1,221 sq ft) No Parking space
     Asking Price - $324,000 
     Sold Price  - $324,000
     Days on Market - 6
7) 2 Bedroom 2 Bath 1st Floor
     (1,177 sq ft) with Garage Parking  
     Asking Price - $389,000 
     Sold Price - $375,000  
     Days on Market - 44
8)  2 Bedroom - 2 Bath 3rd Floor
     (820 sq ft) with Garage Parking
     Asking Price - $410,000 
     Sold Price - $401,000
     Days on Market - 7

2009 Sales Activity in 8045 Newell Street @ Silver Spring Metro - 9 Units were SOLD

5 - 1 Bedroom 1 Bath Units Sold were Sold - Average List Price - $255,857
      Average Sold Price $253,800   Average Days on Market - 111

1 - 1 Bedroom 1 Bath Plus Den Sold in 2009 - List Price - $299,000   
      Sold Price 280,000   Days on Market - 7

3 - 2 Bedroom 2 Bath Units Sold in 2009 - Average List Price - $388,233 
      Average Sold Price - $382,467     Average Days on Market - 73


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Originally Built in the 1960's as a rental apartment building, the MICA was converted to condominium ownership in 2006.  There are 151 Units in the Mica Building

Features include floor to ceiling windows with great views of Downtown Silver Spring looking towards Rock Creek Park, private balconies, maple cabinets, granite countertops, stainless steel appliances and ceramic tile baths.  Square footage of these units is Spacious, ranging from 817 to over 1700 square feet.  There is a Swimming Pool with sun deck, a full media center and state-of-the-art fitness center.  All units have garage parking and the Building is located 2 Blocks from the Silver Spring Metro Station in Downtown Silver Spring.

2008 Sales in the MICA

11 Sold Listings

8 were 1 Bedroom 1 Bath Units
1 was a 2 Bedroom 1 Bath Unit
2 were 3 Bedroom 2 1/2 Bath Units

Average List/Asking Price - 340,300
Average Sold Price - 336,918
Average Seller Subsidy/Concessions - $9,247
Average Days on Market - 59

Lowest Price was for a 860 sq ft 1 Bedroom Unit - $268,900
Highest Price was for a 1,718 sq ft 3 Bedroom 2 1/2 Bath Unit - $539,900

2009 Sales in the MICA

3 Sold Listings

1 Bedroom 1 Bath - (848 sq ft) 1st Floor - Asking Price - $242,137 Sold - $240,000
   $9,000 Seller Subsidy - 29 Days on Market
2 Bedroom 1 Bath - (1,020 sq ft) 11th Floor - Asking Price - $365,000 Sold - $340,000
   $10,000 Seller Subsidy - 131 Days on Market
3 Bedroom 2 1/2 Bath - (1,665 sq ft) 12th Floor - Asking Price - $530,000 Sold - $533,000
   7 Days on Market
 

Chart market activity with current up-to-the-minute homes in your area, including such data as sold homes, properties for sale, inventory counts and even days-on-market at Silver Spring Market Snapshot

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Call Debbie Cook - Silver Spring Realtor (301) 587-3528 for experienced help in navigating the Current Real Estate Market