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2901 S Leisure World Blvd Unit 401, Silver Spring, MD, 20906

3beds
2baths
1,789sqft
$515,000
$288price/sqft
$3,454/moest. monthly cost
$138,160/yrincome needed

About This Home

Welcome to this beautifully situated 3-bedroom, 2-bath home in a desirable 55+ community. Enjoy peaceful living with beautiful views and the added convenience of a rare garage spot, a highly sought-after feature in the community. This home offers comfortable living, a welcoming layout, and an opportunity to enjoy the lifestyle this community has to offer. Don’t miss this special property!

Getting Around

9
WalkingCar-Dependent
36
TransitSome Transit
22
BikeSomewhat Bikeable

Schools

6/10
6/10
Rockville High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 2006

Materials

  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Water Heater
  • Laundry features: In Unit

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: 1,789

Heating & Cooling

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

Interior Area

  • Total structure area: 1,789
  • Total interior livable area: 1,789 sqft

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 161303549513
  • Attached to another structure: Yes
  • Zoning: PRC
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community

Parking

  • Total spaces: 1
  • Parking features: Other,Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 $2,604$31,248
Home Insurance *$129$1,548
Property Taxes $440$5,280
Electricity $281$3,374
Total$3,454$41,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$118,422/yr
40% on housing$103,620/yr
45% on housing$92,106/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

$288This listing

vs Other Active Listings

Avg $/sqft

ZIP 20906$165
Montgomery County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 20906$262
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
2026-08-18Contingent$515,000
2026-07-27Listed for sale$515,000
2023-06-07Sold$470,000
2023-05-07Pending sale$489,000
2023-05-07Contingent$489,000
2023-04-22Listed for sale$489,000

For Sale by Agent

AgentKaren Rollings
BrokerageEXP Realty, LLC

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