Seller's Agent in 2024
Joseph Wathen
RE/MAX
(410) 707-4994
4 in this area
71 Total Sales
8511 Falls Run Rd Unit H Ellicott City, MD 21043
Estimated Value: $252,000 - $274,271
2
Beds
2
Baths
943
Sq Ft
$355/mo
HOA Fee
Highlights
- Open Floorplan
- Community Pool
- Balcony
- Ilchester Elementary School Rated A
- Formal Dining Room
- Galley Kitchen
About This Home
As of December 2024Great opportunity to become a landlord or expand your portfolio. ***Owner Financing with lower rate at 3%*** Seller is only interested in holding financing for the first 5 to 7 years with balloon for tax reasons. No cash offers please. **BRING OFFERS**
Fully leased 2BR, 2BA, mid level condo, lease is $1650/mo and tenant has been excellent, never late, has been here since 2019 and lease is good through June 2025. Call listing agent for details on the owner financing, and lease details. Please 24 hours notice. Seller financing for 5 or 7 year balloon at 3% for qualified buyers with 20-30% down payment. Contact listing agent today for more details! Best to send a text to Listing Agent for fastest response and to get disclosures.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,390
Year Built
- Built in 1988
Lot Details
- 0.55
HOA Fees
- $355 Monthly HOA Fees
Home Design
- Vinyl Siding
Interior Spaces
- 943 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Double Pane Windows
- Sliding Doors
- Living Room
- Formal Dining Room
- Intercom
Kitchen
- Galley Kitchen
- Electric Oven or Range
- Range Hood
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- Parking Lot
- Assigned Parking
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Additional Features
- Balcony
- Property is in good condition
Listing and Financial Details
- Tax Lot UN H
- Assessor Parcel Number 1401221167
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, pest control, pool(s), reserve funds, road maintenance, snow removal, trash, water
- Low-Rise Condominium
- Village Of Montgomery Run Subdivision
- Property Manager
Recreation
- Community Playground
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Additional Features
- Common Area
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2024
Closed on
Dec 13, 2024
Sold by
Mammen Daniel K and Mammen Molly Daniel
Bought by
Salseth Jonathan P and Salseth Masae T
Seller's Agent
Joseph Wathen
RE/MAX Advantage Realty
Buyer's Agent
Tanya Salseth Lambreton
KW United
List Price
$285,000
Sold Price
$249,000
Premium/Discount to List
-$36,000
-12.63%
Total Days on Market
192
Views
774
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,568
Avg. Annual Appreciation
9.74%
Original Mortgage
$170,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2021
Sold by
Daniel K Mammen
Bought by
Daniel Molly and Mammen Daniel K
Purchase Details
Closed on
Oct 21, 1996
Sold by
Travancore Limited Partnership
Bought by
Daniel K Mammen
Purchase Details
Closed on
Apr 20, 1989
Sold by
Newmiss Limited Partnership
Bought by
Travancore Limited Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,950
Interest Rate
11.11%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salseth Jonathan P | $250,000 | Pruitt Title | |
| Salseth Jonathan P | $250,000 | Pruitt Title | |
| Daniel Molly | -- | The Title Company | |
| Daniel K Mammen | $80,000 | -- | |
| Travancore Limited Partnership | $77,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Salseth Jonathan P | $170,000 | |
| Previous Owner | Travancore Limited Partnership | $56,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $249,000 | -7.8% | $264 / Sq Ft |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- |
| 06/05/2024 06/05/24 | Price Changed | $270,000 | -5.3% | $286 / Sq Ft |
| 05/24/2024 05/24/24 | For Sale | $285,000 | -- | $302 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,364 | $205,200 | $0 | $0 |
| 2023 | $3,033 | $185,700 | $55,700 | $130,000 |
| 2022 | $2,990 | $185,467 | $0 | $0 |
| 2021 | $2,987 | $185,233 | $0 | $0 |
| 2020 | $2,778 | $185,000 | $50,000 | $135,000 |
| 2019 | $2,644 | $183,333 | $0 | $0 |
| 2018 | $2,752 | $181,667 | $0 | $0 |
| 2017 | $2,755 | $180,000 | $0 | $0 |
| 2016 | -- | $180,000 | $0 | $0 |
| 2015 | -- | $180,000 | $0 | $0 |
| 2014 | -- | $182,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Wathen
-
Tanya Salseth Lambreton
Buyer's Agent in 2024
Tanya Salseth Lambreton
KW United
(202) 823-9864
1 in this area
222 Total Sales
Map
Similar Homes in Ellicott City, MD
Source: Bright MLS
MLS Number: MDHW2040144
APN: 01-221167
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