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Sold for $230,000
  • $230,000

    12309 Silvergate Way #908-D, Germantown, MD 20874

    2beds
    858sqft
    Condominium
    Built in 1984
    -- sqft lot
    $231,300 Zestimate®
    $268/sqft
    $1,946 Estimated rent

    Home value

    $231,300

    $213,000 - $252,000

    $1,946/mo

    Zestimate® history
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    What's special

    First-floor accessTrue move-in-ready experienceWell maintainedFunctional layout
    An incredible opportunity at an unbeatable price. This first-floor 2-bedroom, 2-full-bath condo represents one of the best values currently available in Germantown—widely known as one of the most cost-efficient areas in Montgomery County.The condo has been well maintained, offering a true move-in-ready experience. The functional layout provides comfortable living space, two full bathrooms (a rare bonus at this price point), and the convenience of first-floor access. What truly sets this home apart is the value proposition. Whether you’re a first-time homebuyer looking to step into homeownership without overextending, or an investor seeking a strong rental opportunity, this condo checks all the boxes. Based on current market conditions, it presents the potential for immediate enjoyment or income-producing ownership. The location further elevates the appeal. The condo is surrounded by parks and walking trails, with Gunner’s Lake directly across the street—perfect for morning walks or unwinding after a long day. Multiple shopping centers and everyday conveniences, including Walmart, are just minutes away. This is a rare chance to secure exceptional value in a desirable Germantown location. Opportunities like this don’t come around often.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mitch Pollard 301-908-4033,

    RLAH @properties,

    Listing Team: Mogul Realtors

    Bought with:

    Melissa Davey, SP98376814

    Keller Williams Realty Centre

    Source: Bright MLS,MLS#: MDMC2212170MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    • Laundry: In Unit
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 858
    • Total interior livable area: 858 sqft
    • Finished area above ground: 858
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: No Stairs
    Features
    • Levels: One
    • Stories: 1
    • Pool features: Community
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 160902573266
    • Zoning: PD9
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Colonial
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Brick, Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Condo and coop fee: $315 monthly
    • Subdivision: Knolls At North Lake condominium
    HOA
    • Has HOA: No
    • Amenities included: Pool
    • Services included: Water, Trash, Sewer
    Location
    • Region: Germantown

    Financial & listing details

    • Price per square foot: $268/sqft
    • Tax assessed value: $188,333
    • Annual tax amount: $2,264
    • Date on market: 1/5/2026
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Condominium

    Price history

    DateEventPrice
    4/17/2026Sold$230,000-2.1%$268/sqft
    Source: Bright MLS #MDMC2212170 Report a problem
    3/9/2026Contingent$235,000$274/sqft
    Source: Bright MLS #MDMC2212170 Report a problem
    2/16/2026Price change$235,000-1.1%$274/sqft
    Source: Bright MLS #MDMC2212170 Report a problem
    1/22/2026Price change$237,500-1%$277/sqft
    Source: Bright MLS #MDMC2212170 Report a problem
    1/5/2026Listed for sale$240,000+45.5%$280/sqft
    Source: Bright MLS #MDMC2212170 Report a problem
    3/1/2021Sold$165,000$192/sqft
    Source: Public Record Report a problem
    8/28/2020Sold$165,000$192/sqft
    Source: Agent Provided Report a problem
    7/15/2020Listed for sale$165,000-5.7%$192/sqft
    Source: Pearson Smith Realty, LLC #MDMC714136 Report a problem
    4/1/2020Listing removed$175,000$204/sqft
    Source: Pearson Smith Realty, LLC #MDMC701020 Report a problem
    3/25/2020Listed for sale$175,000+66.7%$204/sqft
    Source: Pearson Smith Realty, LLC #MDMC701020 Report a problem
    6/4/2010Sold$105,000+28.8%$122/sqft
    Source: Public Record Report a problem
    4/29/2002Sold$81,500+8.7%$95/sqft
    Source: Public Record Report a problem
    9/13/1993Sold$75,000$87/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,264 +14.5%$188,333 +9.7%
    2024$1,976 +10.7%$171,667 +10.8%
    2023$1,786 +12.9%$155,000 +8.1%
    2022$1,582 +9%$143,333 +8.9%
    2021$1,452 +9.7%$131,667 +9.7%
    2020$1,324 +0%$120,000
    2019$1,323 -0.2%$120,000
    2018$1,326 -6%$120,000
    2017$1,410 +25.5%$120,000 +9.1%
    2016$1,123 $110,000 +10%
    2015$1,123 $100,000 +11.1%
    2014$1,123 $90,000
    2013-- $90,000
    2012-- $90,000 -45.5%
    2011-- $165,000
    2010-- $165,000
    2009-- $165,000 -17.5%
    2008-- $200,000 +25.1%
    2007-- $159,832 +33.6%
    2006-- $119,666 +50.5%
    2005-- $79,500 +7.4%
    2004-- $74,000
    2003-- $74,000 +17.5%
    2002-- $63,000
    2001-- $63,000
    Find assessor info on the county website

    Neighborhood: 20874

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Montgomery County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $231,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $231,300