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8045 Newell St APT 215, Silver Spring, MD, 20910

1beds
1baths
883sqft
$299,000
$339price/sqft
$2,159/moest. monthly cost
$86,360/yrincome needed

About This Home

Best value in building. Larger sized One Bedroom with Den. Discover downtown Silver Spring at its finest location in 8045 at Silver Spring Metro. You will love how this terrific building is right there so close to everything like Metro but in a quiet area right off of East-West Highway. Terrific amenities abound like a fitness center and a gigantic party room too. This unit is located in the perfect spot with all the main windows facing Northwest to capture light throughout the entire day. The balcony is a joy and feels very private. One bedroom with added den adds just the right amount of space and feels very spacious. The kitchen has granite countertops and plenty of space to create gourmet meals and entertain to your hearts delight. The bathroom sparkles and has plenty of room with washer and dryer too. Parking available next door at Kennet Square Garage is only $95 per month. Come enjoy urban DMV living at its best.

Getting Around

92
WalkingWalker's Paradise
85
TransitExcellent Transit
79
BikeVery Bikeable

Schools

8/10
7/10

Construction

Condition

  • Year built: 2005

Materials

  • Construction materials: Combination

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Washer In Unit,Dryer In Unit,In Unit

Bathroom1

  • Level: Main

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Den

  • Level: Main

Features

  • Finished area above ground: 883

Heating & Cooling

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

Interior Area

  • Total structure area: 883
  • Total interior livable area: 883 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 161303518671
  • Attached to another structure: Yes
  • Zoning: CBD1
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Parking

  • Total spaces: 1
  • Parking features: Permit Required,Parking Fee,Off Site

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 $1,511$18,132
Home Insurance *$65$780
Property Taxes $302$3,624
Electricity $281$3,374
Total$2,159$25,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,022/yr
40% on housing$64,770/yr
45% on housing$57,573/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

$339This listing

vs Other Active Listings

Avg $/sqft

ZIP 20910$285
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20910$346
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
2026-05-12Price change$305,000
2026-03-22Listed for sale$325,000
2026-02-03Listing removed$325,000
2026-01-12Listed for sale$325,000
2026-01-08Contingent$325,000
2025-12-10Price change$325,000
2025-10-22Listed for sale$340,000
2015-01-01Sold$330,000
2012-06-27Listing removed$289,000
2012-03-28Price change$289,000
2012-03-04Listed for sale$295,000
2007-11-20Sold$330,000
2007-05-25Sold$242,000

For Sale by Agent

AgentMarc Infeld
BrokerageLong & Foster Real Estate, Inc.

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