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506 Pickwick Village Way, Silver Spring, MD, 20901

3beds
2baths
1,020sqft
$425,000
$417price/sqft
$2,921/moest. monthly cost
$116,840/yrincome needed

About This Home

NEW PRICE — NOW $409,999! A NEW VALUE OPPORTUNITY IN SILVER SPRING. Whether you are looking for a home to personalize, an opportunity to purchase below recent nearby sales, or an investor searching for a property with strong upside potential, 506 Pickwick Village Way deserves another look. Originally offered at $425,000, this townhome has received a $15,001 price improvement, creating a significantly more compelling entry point into Silver Spring. This 3-bedroom, 2-full-bath home features 1,020 finished square feet, central air, natural-gas heat, public water, and public sewer. The new price becomes particularly noteworthy when compared to recent sales on the very same block, where two nearby properties recently closed at $425,000 and $435,000. Positioned $15,001 to $25,001 below those recent benchmarks, the revised pricing explicitly reflects the home’s current condition. For investors, this spread—combined with a high-demand 3-bed/2-bath layout—offers a clear opportunity to evaluate potential rental returns or resale value following targeted improvements. Beyond the walls of the home, the location remains one of its absolute greatest strengths. Tucked into a mature, highly connected pocket of Silver Spring, the neighborhood places incredible recreation, everyday amenities, and seamless transit options right at your doorstep. Homeowners or tenants will love being just minutes from Long Branch Local Park with its playground, tennis and basketball courts, and ball fields. The Long Branch Community Recreation Center and outdoor swimming pool add endless seasonal fun, while the scenic trails of nearby Sligo Creek Parkway offer miles of green space for walking, running, and cycling. Everyday conveniences could not be simpler. The seven-day-a-week Long Branch Library—featuring free parking and digital resources—is practically around the corner. Grocery stores, neighborhood dining, and daily shopping are steps away along the Piney Branch Road and University Boulevard corridors. When you want to step out for the evening, vibrant Downtown Silver Spring is roughly a mile away, putting premier entertainment destinations like the AFI Silver Theatre, The Fillmore, and an array of acclaimed restaurants within quick reach. Commuters will find the location exceptionally strategic. Multiple bus routes along University Boulevard and Piney Branch Road connect directly toward the Silver Spring Transit Center and the Takoma Metrorail Station (Red Line), providing effortless transit across Montgomery County and the greater D.C. region. The price has changed, but the incredible location and outstanding potential remain. Whether you plan to buy and personalize or hold as an investment, this new pricing provides a substantially different starting point. If you have looked at this home before, take another look today; if you are seeing it for the first time, schedule your private showing and explore what this Silver Spring property can become!

Getting Around

67
WalkingSomewhat Walkable
56
TransitGood Transit
65
BikeBikeable

Schools

5/10
Eastern Middle SchoolGrades 6-80.6 mi
7/10

Construction

Condition

  • Year built: 1986

Materials

  • Foundation: Slab
  • Construction materials: Frame,Brick,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,020

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,020
  • Total interior livable area: 1,020 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 161302474343
  • Zoning: RT12.
  • Special condition: Standard

Features

  • Levels: Three
  • Stories: 3
  • Pool features: None

Lot

  • Lot size: 1,307 sqft

Parking

  • Parking features: On Street,Off Street
  • Has uncovered spaces: Yes

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

  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Winter Weather

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 $2,149$25,788
Home Insurance *$105$1,260
Property Taxes $386$4,632
Electricity $281$3,374
Total$2,921$35,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,148/yr
40% on housing$87,630/yr
45% on housing$77,893/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

$417This listing

vs Other Active Listings

Avg $/sqft

ZIP 20901$277
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20901$329
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
2026-08-08Price change$409,999
2026-07-01Listed for sale$425,000

For Sale by Agent

AgentJohn Agim
BrokerageSamson Properties

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