




506 Pickwick Village Way, Silver Spring, MD, 20901
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
Schools
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
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,149 | $25,788 |
| Home Insurance * | $105 | $1,260 |
| Property Taxes | $386 | $4,632 |
| Electricity | $281 | $3,374 |
| Total | $2,921 | $35,052 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-08 | Price change | $409,999 |
| 2026-07-01 | Listed for sale | $425,000 |
