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5802 Nicholson Ln #2-602, Rockville, MD, 20852

3beds
2baths
1,630sqft
$820,000
$503price/sqft
$5,374/moest. monthly cost
$214,960/yrincome needed

About This Home

Welcome to 2-602 at The Fallswood — an updated 3-bedroom, 2-bathroom condo tucked into the trees of North Bethesda, where 1,630 square feet of single-level living feels every bit like a house. From the moment you open the door of this corner unit, you see a beautiful tree off the large terrace. The updated kitchen, with the area for a table and chairs, really does feel like a single family home kitchen. Brand new flooring runs throughout the entire condo, tying every room together with one clean, cohesive look. The primary suite features a fully renovated, spa-inspired bathroom — a frameless glass walk-in shower and walk-in closet. The second bathroom has also been updated, with a navy vanity, brass fixtures, and a fresh marble-look counter, serving the two additional bedrooms — one of which works just as easily as a home office or guest room. And just off the kitchen, a true walk-in laundry room with a full-size washer and dryer — not a stackable in a tight closet, instantly makes doing laundry easier. The condo also has two parking spaces (tandem) and a storage cage. And the location can only be described as simply: Super Prime. You're one block from Whole Foods, three blocks from Pike & Rose and the North Bethesda Metro — restaurants, shopping, Pinstripes, all walkable. My Organic Market, Trader Joe's, Giant, and Aldi are also all within about a half mile, and the Shriver Aquatic Center (under a massive renovation) sits directly across the street. Plus quick access to the Capital Crescent Trail, Beach Drive, Strathmore Music & Arts Center, and all the major roads. The Fallswood rounds out the picture: a 24-hour front desk, gated security, a seasonal pool, tennis and pickleball court, a fitness room, library, party room, and Amazon lockers. And then there's the building's hidden gem — a massive, landscaped Sun Deck with multiple grills and lounge seating, tucked away enough to feel private, big enough to host. Grab dinner from Whole Foods, fire it up on the grill, and watch the sun go down without ever getting in a car! This is the lifestyle!

Getting Around

85
WalkingVery Walkable
62
TransitGood Transit
63
BikeBikeable

Schools

7/10
8/10
Tilden Middle SchoolGrades 6-80.8 mi
9/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 1985

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Architectural style: Beaux Arts
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Exhaust Fan,Ice Maker,Microwave,Oven/Range - Electric,Refrigerator,Washer,Water Heater
  • Laundry features: Washer/Dryer Hookups Only,Laundry Room,In Unit

Bedroom1

  • Features: Flooring - Carpet
  • Level: Main

Bedroom2

  • Features: Flooring - Carpet
  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Dining Room

  • Features: Flooring - Carpet
  • Level: Main

Features

  • Kitchen - Table Space,Combination Dining/Living,Dining Area,Eat-in Kitchen,Primary Bath(s),Floor Plan - Traditional
  • Window features: Window Treatments
  • Finished area below ground: 0
  • Finished area above ground: 1,630

Foyer

  • Features: Flooring - Tile/Brick
  • Level: Main

Heating & Cooling

  • Heating features: Heat Pump,Zoned,Electric
  • Cooling features: Central Air,Heat Pump,Zoned,Electric

Interior Area

  • Total structure area: 1,630
  • Total interior livable area: 1,630 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Unspecified

Living Room

  • Features: Flooring - Carpet
  • Level: Main

Primary Bedroom

  • Features: Flooring - Carpet
  • Level: Main

Sitting Room

  • Features: Flooring - Carpet
  • Level: Main

Storage Room

  • Level: Unspecified

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 160402545383
  • Attached to another structure: Yes
  • Zoning: TSR
  • Special condition: Standard
  • Other equipment: Intercom

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Community,Private
  • Exterior features: Balcony

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,146$49,752
Home Insurance *$214$2,568
Property Taxes $733$8,796
Electricity $281$3,374
Total$5,374$64,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$184,251/yr
40% on housing$161,220/yr
45% on housing$143,306/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$503This listing

vs Other Active Listings

Avg $/sqft

ZIP 20852$267
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20852$347
Montgomery County$318

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Listed for sale$820,000
2013-07-24Sold$535,000
2013-06-12Pending sale$549,900
2013-05-29Listed for sale$549,900
2013-05-26Pending sale$549,900
2013-05-11Price change$549,900
2013-04-05Listed for sale$558,900

For Sale by Agent

AgentMark Fitzpatrick
BrokerageRLAH @properties

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