Checking out Rockville condos?
If so, you’ll want to keep reading.
This article attempts to rank Rockville condos by price.
Two weeks ago we did a similar analysis of North Bethesda (which we consider to be the 20852 zip code) condos.
Today, we’ll stay focused on 20850 and 20853 – just a little further north
We did not include any townhouse condominium communities in this round-up.
Ranking the Rockville Condos – Methodology
As we mentioned in our previous article, attempting to rank condos by price can create a multitude of problems – each building will have its own costs that the owner must cover on a monthly basis.
In addition to greatly varying costs, these fees can include – or exclude – many different things (electricity, water, cable/internet, etc.).
Most buildings do not have straight comparables (for example, some have three-bedroom units while others do not).
And of course, limited data sets can greatly skew results.
Ultimately, we created our rankings using the three-year median price for what any two-bedroom unit sold for in each building.
We’ve noted how many of those units were sold in that three-year period, as well as the median for days on market.
The result is an approximation – and we can’t stress that enough – of the “cheapest” to “most expensive” condos in the Rockville area (data collected on 9/25/16).
To achieve the true market value of any particular unit, each condo should be evaluated on an individualized basis – feel free to contact us to help.
Three-Year 2BR Median Sales Price: $178,000
Number of Units Sold: 9
Median Days on Market: 19
If you drove by Park Terrace, it’s more than likely you would think you are already out of Rockville.
This garden-style condo is directly off of Veirs Meir road.
The buildings are a bit older and the location isn’t in high-demand, making it the most economical selection on the list.
Learn more about living at Park Terrace.
Three-Year 2BR Median Sales Price: $189,500
Number of Units Sold: 31
Median Days on Market: 36
Unlike King Farm (a few spots down), it’s definitely possible you live in the Rockville/North Bethesda area but have never heard of North Creek.
These garden-style condos are older and not as luxurious as many of the newer buildings.
However, it’s a quiet community nestled close to Rock Creek Park and an especially great option for those who don’t need to head downtown for work/don’t want to be near busy nightlife.
Learn more about living at North Creek.
Three-Year 2BR Median Sales Price: $199,000
Number of Units Sold: 14
Median Days on Market: 33
If you’re looking buy near Montgomery College, you’ll want to check out Plymouth Gardens.
The buildings are older and there is no in-unit washer and dryer in many units.
But the cozy neighborhood and low costs make it a good choice for many.
Learn more about living at Plymouth Gardens.
Three-Year 2BR Median Sales Price: $250,000
Number of Units Sold: 18
Median Days on Market: 28
They do represent a phenomenal value for anyone looking to get close to Downtown Crown without paying new real estate prices.
Decoverly IV condos are of the garden-style variety and just a super quick walk down the street from the shops and restaurants of Crown.
There is quite a bit of wooded area and green around them; a far cry from the urbanization feel of other options.
Learn more about living at Decoverly IV.
Three-Year 2BR Median Sales Price: $262,500
Number of Units Sold: 10
Median Days on Market: 20
Just across the street from Decoverly IV, you likely wouldn’t know it had its own condominium association unless you worked in real estate.
These garden-style units are almost the spitting image of their neighbor in terms of offerings.
No covered parking of any kind here, but again, a great economical option for a relatively new unit (built in the 90’s) and close to the Downtown Crown excitement.
Learn more about living at Key West.
Three-Year 2BR Median Sales Price: $265,500
Number of Units Sold: 30
Median Days on Market: 24
This is likely to be your best value if you’d like to live in a high-rise near Rockvile Town Square.
People at Americana Centre laud its friendly residents as well as its proximity to the metro (right across the street).
The condo fees include all utilities except cable but they are a bit pricey.
The high-rises (Hamilton House and Adams House) do not have washers and dryers in the unit; however, they are located on the same floor and the cost of usage is also included in the condo fees.
Garden-style units lining the courtyard may have a washer and dryer inside.
Learn more about living at Americana Centre.
Three-Year 2BR Median Sales Price: $331,000
Number of Units Sold: 22
Median Days on Market: 19
Learn more about living at The Fitz.
Three-Year 2BR Median Sales Price: $350,000
Number of Units Sold: 19
Median Days on Market: 42
This community was constructed in the 2000’s near the high of the market.
In addition to garden-style condos, it includes townhomes, single-family homes, and apartment buildings as well; it’s also an easy stroll to its namesake shopping center (Fallsgrove), which maintains a Safeway, Chipotle, and Panera Bread among other options.
Learn more about living at Fallsgrove.
Three-Year 2BR Median Sales Price: $370,000
Number of Units Sold: 5
Median Days on Market: 83
That being said, the location here can’t be beat.
Learn more about living at The Victoria.
Three-Year 2BR Median Sales Price: $390,000
Number of Units Sold: 41
Median Days on Market: 61
If you’ve never heard of King Farm, you’re probably extremely new to the area or you haven’t moved here yet.
Unlike Fallsgrove, King Farm is walkable to the metro; that’s probably the main difference.
King Farm is comprised of quite a few different condo associations, townhomes, single-family homes, and apartment buildings – but they all fall under the King Farm community umbrella.
Learn more about living at King Farm.
Three-Year 2BR Median Sales Price: $500,000
Number of Units Sold: 5
Median Days on Market: 14
All units are going to come with garage parking as a result.
It’s considered a luxury high-rise – which is reflected by its prices – and shares a pool with its luxury apartment neighbor, The Fenestra.
Learn more about living at The Palladian.
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