Condominium with Garage
For Sale
$299,899
14805 PENNFIELD CIRCLE Unit 312, Silver Spring, MD 20906
The two-bedroom residence has an enclosed balcony, in-unit laundry, and a dedicated garage space.
Property Size1,354 SF
Price / SF$221.49
Days on Market55
Property Features for 14805 PENNFIELD CIRCLE Unit 312
General Information
Standard status
Active
Size
1,354 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,667
Amenities
spacious glass enclosed balcony
updated table space kitchen with stainless appliances
luxury vinyl floors
walk-in closet
laundry room
primary bath with tub and separate shower stall
biweekly newspaper
18-hole golf course
woodworking shop
train club
book clubs
art center
camera club
speakers and musicians
Building Details
Building Size
1,354 SF
Year Built
1995
Listing Agency:
Samson Properties
Listed By:
Alecia R Scott · License #533254
(301) 252-2177
Source:
Signaturemoverealestate
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 31 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Samson Properties
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Investment Insights
Based on property information with market context.
This 1,288-square-foot condominium was built in 1995 and contains two bedrooms and two bathrooms. The living and dining areas connect in an open layout, with access to a glass-enclosed balcony overlooking green space. The kitchen has stainless steel appliances, and the home features luxury vinyl flooring throughout. Laundry and additional storage are located inside the unit. A walk-in closet and a second closet serve the primary bedroom, and its bathroom includes both a tub and a separate shower. One garage parking space is assigned to the unit, with access from the lobby exit.
Leisure World offers residents a community bus, an 18-hole golf course, clubs, and activity spaces including a woodworking shop and an art center.
Leisure World offers residents a community bus, an 18-hole golf course, clubs, and activity spaces including a woodworking shop and an art center.
Key Highlights
- 1,288‑square‑foot condominium with two bedrooms and two bathrooms
- One assigned garage parking space, accessible from the lobby exit
- Glass‑enclosed balcony with a view over green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,356
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,120
$447.1K
Cap Rate 7%
$319,371
$319.4K
Cap Rate 9%
$248,400
$248.4K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$43.7K $32.28/SF
− Vacancy
−$3.1K −$2.26/SF
EGI
$40.6K $30.02/SF
− OpEx
−$18.3K −$13.51/SF
NOI
$22.4K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,120
Cap Rate 7%
$319,371
Cap Rate 9%
$248,400
Alternative Uses
Best Use
Apartment 5plus
$319.4K
$279.5K – $372.6K
NOI $22,356 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
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Business Placement
Demographics for 20906, MD
71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence has an enclosed balcony, in-unit laundry, and a dedicated garage space.
Where is this residential income property located?
The property is located at 14805 PENNFIELD CIRCLE Unit 312 Silver Spring, MD.
What is the asking price?
The asking price for this property is $299,899.
What are key features of this property?
This property features: 1,288‑square‑foot condominium with two bedrooms and two bathrooms; One assigned garage parking space, accessible from the lobby exit; Glass‑enclosed balcony with a view over green space
