3301 Hewitt Ave #403 · Aspen Hill, MD 20906

$145,000

3 bd · 2.0 ba · 981 sqft · Condo public records · 17 Days on market

Built 1973 $148/sqft · 7% below area Est $156k · 7% under $650/mo HOA · 28% of rent

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.5/30.0
• ARV discount +10.6/15.0
• 1% rule +10.0/10.0
• DSCR +7.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

Key facts

• New floors
• Fully remodeled
• New kitchen

Tags

• FULLY REMODELED
• NEW ELEVATOR
• NEW KITCHEN
• NEW WASHER DRYER
• NEW BATHROOMS
• NEW FLOORS

Property features AI

Finance

• Other: Lease not considered
• HOA & community: Condo fee of $650 monthly; Condo fee covers common area maintenance, gas, lawn maintenance, snow removal, and water; Building has an elevator

Exterior

• Parking: One assigned parking space in a parking lot
• Utilities: Public water; Public sewer; Electric cooling; Natural gas for heating and hot water
• Home design: Mid-rise building (5–8 floors); Unit/flat; Entry on floor 4; Fee simple ownership; Pets allowed on a case-by-case basis; Major remodel or update in 2023 (estimated)
• Construction: Year built estimated; Above-grade construction
• Exterior features: Not in a federal flood zone; Above-grade other structures

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: 90% forced air heating; Natural gas heating and hot water; Central air conditioning (electric)
• Interior features: Estimated living area; No basement
• Laundry & utility: Washer/dryer hook up in unit

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $205 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.6% in Aspen Hill — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#168 in MD) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A-, commute B; Watch: health & safety C-, crime D+, schools F.
• Montgomery County Public Schools (suburban): math 27% / reading 45% proficiency, ranked #3 of 24 in MD (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 244 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,880 units permitted in Montgomery County in 2024 (2,054 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Montgomery County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $125k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 28% of rent.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,825 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.62% ✓
• Cap rate: 8.54%
• Cash-on-cash: 8.02%
• DSCR: 1.36
• GRM: 5.1

CMA / ARV

• ARV (median comp): $155,884
• List price: $145,000
• Delta: -7.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.24% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.60×
• Total profit: $-16,353
• Equity at exit: $21,620

10-year hold

• IRR: -10.1%
• Equity multiple: 0.50×
• Total profit: $-20,317
• Equity at exit: $12,537

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 20906

• Rents YoY: 0.2%
• Active inventory: 244
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,350 high
• Mortgage (P&I): −$760
• Tax from tax record: −$114 /mo · $1,369/yr
• Insurance: −$60
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$650
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $205

Break-even live

Break-even rent $2,090

Max offer price $145,000

Occupancy floor 86%

Sensitivity live

Price	-10% $287	-5% $246	+0% $205	+5% $164	+10% $123
Rent	-10% $19	-5% $112	+0% $205	+5% $298	+10% $391
Rate	-1.0pp $278	-0.5pp $242	base $205	+0.5pp $167	+1.0pp $129

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3331 Hewitt Ave Unit 1 Silver Spring, MD	2.0–3.0	1.5–2.0	1175	$2,550	$2.17	17d	8	0.04mi
3340 Hewitt Ave Unit 65 Aspen Hill, MD	2.0	1.5	982	$2,100	$2.14	44d	1	0.08mi
3214 Hewitt Ave Aspen Hill, MD	2.0–3.0	1.0–1.5	985	$2,635	$2.68	0d	1	0.10mi
13515 Georgia Ave Silver Spring, MD	1.0–3.0	1.0–1.5	912	$2,345	$2.57	3d	20	0.25mi
14120 Weeping Willow Dr Silver Spring, MD	1.0–3.0	1.0–2.0	1030	$2,350	$2.28	0d	154	0.62mi
14120 Grand Pre Rd Aspen Hill, MD	1.0–2.0	1.0–2.0	905	$1,959	$2.16	0d	3	0.69mi
3004 Bel Pre Rd Aspen Hill, MD	1.0–2.0	1.0–2.0	945	$2,200	$2.33	3d	14	0.73mi
14207 Grand Pre Rd Unit 101 Silver Spring, MD	1.0–2.0	1.0–2.0	872	$1,975	$2.26	13d	19	0.75mi
14229 Grand Pre Rd #304 Aspen Hill, MD	2.0	2.0	1000	$1,925	$1.93	25d	1	0.77mi
14207 Grand Pre Rd #201 Silver Spring, MD	2.0	2.0	1000	$1,800	$1.80	6d	1	0.80mi
14207 Grand Pre Rd #203 Silver Spring, MD	2.0	2.0	1000	$1,625	$1.62	6d	1	0.80mi
14207 Grand Pre Rd #102 Silver Spring, MD	2.0	2.0	1000	$1,925	$1.93	0d	1	0.80mi
14225 Grand Pre Rd Unit A3 Aspen Hill, MD	2.0	2.0	1000	$1,700	$1.70	6d	1	0.81mi
4101 Postgate Ter Silver Spring, MD	1.0–2.0	1.0–2.0	855	$2,498	$2.92	0d	11	0.85mi
14301 Georgia Ave Silver Spring, MD	1.0–3.0	1.0–2.5	935	$2,767	$2.96	0d	50	0.99mi
4106 Elizabeth St Rockville, MD	3.0	2.0	1056	$3,100	$2.94	44d	1	1.00mi
12633 Georgia Ave Silver Spring, MD	1.0–3.0	1.0–2.0	987	$2,410	$2.44	0d	17	1.24mi
2511 Glenallan Ave Silver Spring, MD	1.0–2.0	1.0–2.0	873	$2,704	$3.10	0d	15	1.27mi

HOA detail condo

• Monthly dues: $650 · $7,800/yr
• Likely covers: watersewertrashparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-06-21
   days on market $145,000 Active 17 DOM
2. 2026-06-18
   days on market $145,000 Active 14 DOM
3. 2026-06-17
   days on market $145,000 Active 13 DOM
4. 2026-06-16
   days on market $145,000 Active 12 DOM
5. 2026-06-15
   days on market $145,000 Active 11 DOM
6. 2026-06-13
   days on market $145,000 Active 9 DOM
7. 2026-06-09
   days on market $145,000 Active 5 DOM
8. 2026-06-08
   days on market $145,000 Active 4 DOM
9. 2026-06-07
   statusdays on market $145,000 Active 3 DOM
10. 2026-06-03
    statusdays on market $145,000 Active Under Contract 2 DOM
11. 2026-06-02
    pricedays on marketlisting id $145,000 Active 1 DOM
12. 2026-05-31
    days on market $144,900 Active 154 DOM
13. 2026-05-12
    price $144,900 717-char remark
14. 2026-04-27
    status Active 717-char remark
15. 2026-04-17
    historical Active Under Contract 717-char remark
16. 2026-02-04
    price $149,000 717-char remark
17. 2026-01-23
    price $155,000 717-char remark
18. 2025-12-18
    listed $165,000 Active 717-char remark
19. 2023-03-17
    soldstatus $125,000
20. 2023-03-16
    soldstatus $125,000 Closed 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

21. 2023-03-03
    status Pending 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

22. 2023-02-28
    status Active 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

23. 2023-02-21
    status Pending 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

24. 2023-02-17
    listed $115,000 Active 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

25. 2023-02-16
    historical $115,000 627-char remark

    Show marketing remark (627 chars)

    Hello Silver Spring! Great Value in Montgomery County!! Well kept, move-in ready condo. Amazing opportunity to own in convenient and beautiful Aspen Hill neighborhood! Three bedrooms, two full bathrooms, ample living area, in unit washer and dryer. The condo fee includes all water, sewer and garbage pickup, and more. The unit has 2 parking spaces; one assigned parking and one unassigned and visitors spaces available. Ride-On bus picks you up at your doorstop for short trip to Glenmont Metro station located 1 mi away. Walk to Metro bus, shopping, restaurants, houses of worship, Matthew Henson State Park Trail and more!

26. 2022-09-11
    historical
27. 2022-06-22
    price $115,000
28. 2022-05-26
    listed $125,000 Active
29. 2008-10-17
    soldstatus $139,500
30. 2008-09-24
    soldstatus $139,500 Sold
31. 2008-08-25
    historical
32. 2008-07-30
    price $149,900
33. 2008-07-03
    price $159,000
34. 2008-06-13
    listed $169,000
35. 2008-03-31
    soldstatus $96,000 Sold
36. 2008-03-13
    historical
37. 2008-03-10
    listed $99,900
38. 1985-07-10
    soldstatus $43,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $1,369 · $114/mo
• Projected year-2 tax: $1,475 · $123/mo
• Expected delta: +$106/yr (+$9/mo · 7.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,199
• − Mortgage interest: −$8,122
• − Property taxes: −$1,369
• − Insurance: −$1,522
• − Repairs & maintenance: −$2,256
• − Management: −$2,256
• − HOA: −$7,800
• − Depreciation: −$4,218
• Taxable income: $655
• Est. tax owed @ 24.0%: −$157
• After-tax cash flow: $2,303/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Montgomery County Public Schools
• NCES district ID: 2400480
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 45% ▼ -10.00%
• Median HH income: $97,191
• Composite: 35.62/100
• National rank: #4889
• State rank: #3 of 24 in MD

Livability — Aspen Hill

• Score: 70/100
• State rank: #168
• US rank: #7559

Category grades

Amenities D- Commute B Cost of living F Crime D+ Employment A+ Housing A- Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aspen Hill, MD
• County: Montgomery County · 961,106 people
• City population: 102,654
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 70,595
• Household income: $97,521
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 2967.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 1,173,231 people
• By 2030: 1,237,402 · +5.5%
• By 2040: 1,365,115 · +16.4%
• By 2050: 1,491,592 · +27.1%
• By 2075: 1,803,893 · +53.8%
• By 2100: 2,035,619 · +73.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.76)
• Race & ethnicity: Hispanic / Latino 32% White 26% Black 25% Asian 11% Two or more races 10%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Estonian 2% Romanian 2% Scotch-Irish 1%
• Foreign-born: 42% · Canada, South Korea, Vietnam
• Languages at home: 46% English-only · Spanish 30% Other Indo-European 6% French/Haitian/Cajun 2%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+53.3) · D 75.2% · R 21.9% · Other 2.9%
• 2008→2024 swing: +8.7pp toward D · 2008: 44.6pp · 2024: 53.3pp
• All cycles: 2024: D+53.3 2020: D+59.6 2016: D+55.5 2012: D+43.4 2008: D+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -366.58%
• Current HPI: 256.9059
• Rent YoY: ▲ 0.24%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+237.2% since first listed

30 events — show timeline

• 2026-06-06 Relisted — BRIGHT MLS
• 2026-06-03 Contingent — BRIGHT MLS
• 2026-06-01 Listed $145,000 BRIGHT MLS
• 2026-05-31 Listing Removed — BRIGHT MLS
• 2026-05-12 Price Changed $144,900 BRIGHT MLS
• 2026-04-27 Relisted — BRIGHT MLS
• 2026-04-17 Contingent — BRIGHT MLS
• 2026-02-04 Price Changed $149,000 BRIGHT MLS
• 2026-01-23 Price Changed $155,000 BRIGHT MLS
• 2025-12-18 Listed $165,000 BRIGHT MLS
• 2023-03-17 Sold (Public Records) $125,000 Public Records
• 2023-03-16 Sold (MLS) $125,000 BRIGHT MLS
• 2023-03-03 Pending — BRIGHT MLS
• 2023-02-28 Relisted — BRIGHT MLS
• 2023-02-21 Pending — BRIGHT MLS
• 2023-02-17 Listed $115,000 BRIGHT MLS
• 2023-02-16 Coming Soon $115,000 BRIGHT MLS
• 2022-09-11 Listing Removed — BRIGHT MLS
• 2022-06-22 Price Changed $115,000 BRIGHT MLS
• 2022-05-26 Listed $125,000 BRIGHT MLS
• 2008-10-17 Sold (Public Records) $139,500 Public Records
• 2008-09-24 Sold (MLS) $139,500 MRIS
• 2008-08-25 Delisted — MRIS
• 2008-07-30 Price Changed $149,900 MRIS
• 2008-07-03 Price Changed $159,000 MRIS
• 2008-06-13 Listed $169,000 MRIS
• 2008-03-31 Sold (MLS) $96,000 MRIS
• 2008-03-13 Delisted — MRIS
• 2008-03-10 Listed $99,900 MRIS
• 1985-07-10 Sold (Public Records) $43,000 Public Records

Property tax history

-0.8%/yr

Latest (2025): $1,369 · +7.1% YoY. Source: county tax records.