NEW PRICE — NOW $409,999! A NEW VALUE OPPORTUNITY IN SILVER SPRING. Whether you are looking for a home to personalize, an opportunity to purchase below recent nearby sales, or an investor searching for a property with strong upside potential, 506 Pickwick Village Way deserves another look. Originally offered at $425,000, this townhome has received a $15,001 price improvement, creating a significantly more compelling entry point into Silver Spring. This 3-bedroom, 2-full-bath home features 1,020 finished square feet, central air, natural-gas heat, public water, and public sewer. The new price becomes particularly noteworthy when compared to recent sales on the very same block, where two nearby properties recently closed at $425,000 and $435,000. Positioned $15,001 to $25,001 below those recent benchmarks, the revised pricing explicitly reflects the home’s current condition. For investors, this spread—combined with a high-demand 3-bed/2-bath layout—offers a clear opportunity to evaluate potential rental returns or resale value following targeted improvements. Beyond the walls of the home, the location remains one of its absolute greatest strengths. Tucked into a mature, highly connected pocket of Silver Spring, the neighborhood places incredible recreation, everyday amenities, and seamless transit options right at your doorstep. Homeowners or tenants will love being just minutes from Long Branch Local Park with its playground, tennis and basketball courts, and ball fields. The Long Branch Community Recreation Center and outdoor swimming pool add endless seasonal fun, while the scenic trails of nearby Sligo Creek Parkway offer miles of green space for walking, running, and cycling. Everyday conveniences could not be simpler. The seven-day-a-week Long Branch Library—featuring free parking and digital resources—is practically around the corner. Grocery stores, neighborhood dining, and daily shopping are steps away along the Piney Branch Road and University Boulevard corridors. When you want to step out for the evening, vibrant Downtown Silver Spring is roughly a mile away, putting premier entertainment destinations like the AFI Silver Theatre, The Fillmore, and an array of acclaimed restaurants within quick reach. Commuters will find the location exceptionally strategic. Multiple bus routes along University Boulevard and Piney Branch Road connect directly toward the Silver Spring Transit Center and the Takoma Metrorail Station (Red Line), providing effortless transit across Montgomery County and the greater D.C. region. The price has changed, but the incredible location and outstanding potential remain. Whether you plan to buy and personalize or hold as an investment, this new pricing provides a substantially different starting point. If you have looked at this home before, take another look today; if you are seeing it for the first time, schedule your private showing and explore what this Silver Spring property can become!
For sale
Price cut: $15K (8/8)
$409,999
506 Pickwick Village Way, Silver Spring, MD 20901
3beds
1,020sqft
Townhouse
Built in 1986
1,307 Square Feet Lot
$407,700 Zestimate®
$402/sqft
$110/mo HOA
What's special
Natural-gas heatCentral air
- 58 days
- 428
- 15
Zillow last checked:
Listing updated:
Listed by:
John Agim 240-743-0330,
Samson Properties 3018500255
Source: Bright MLS,MLS#: MDMC2243600
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,020
- Total interior livable area: 1,020 sqft
- Finished area above ground: 1,020
- Finished area below ground: 0
Property
Parking
- Parking features: On Street, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,307 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 161302474343
- Zoning: RT12.
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Frame, Brick, Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pickwick Village
HOA
- Has HOA: Yes
- HOA fee: $330 quarterly
Location
- Region: Silver Spring
Financial & listing details
- Price per square foot: $402/sqft
- Tax assessed value: $331,533
- Annual tax amount: $4,061
- Date on market: 7/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,FHA,FHA 203(b),FHLMC,FMHA,FNMA,VA Loan
- Ownership: Fee Simple
Estimated market value
$407,700
$387,000 - $428,000
$2,884/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Price change | $409,999-3.5%$402/sqft |
Source: | ||
| 7/1/2026 | Listed for sale | $425,000$417/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,369 -1.6% | $314,467 +5.7% |
| 2024 | $3,424 +0.7% | $297,400 +0.8% |
| 2023 | $3,401 +5.2% | $295,167 +0.8% |
| 2022 | $3,233 +0.9% | $292,933 +0.8% |
| 2021 | $3,205 +2.3% | $290,700 +2.4% |
| 2020 | $3,132 +5.1% | $283,933 +5% |
| 2019 | $2,982 -0.2% | $270,400 |
| 2018 | $2,987 +1.2% | $270,400 +5.2% |
| 2017 | $2,951 +45.3% | $256,967 +5.5% |
| 2016 | $2,030 | $243,533 +5.8% |
| 2015 | $2,030 | $230,100 |
| 2014 | $2,030 | $230,100 |
| 2013 | -- | $230,100 -0.7% |
| 2012 | -- | $231,700 |
| 2011 | -- | $231,700 |
| 2010 | -- | $231,700 -30.3% |
| 2009 | -- | $332,410 +15.8% |
| 2008 | -- | $287,032 +18.8% |
| 2007 | -- | $241,656 +23.1% |
| 2006 | -- | $196,280 +13% |
| 2005 | -- | $173,642 +15% |
| 2004 | -- | $151,006 +17.6% |
| 2003 | -- | $128,370 +2.5% |
| 2002 | -- | $125,182 |
| 2001 | -- | $125,182 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Pickwick Village
Nearby schools
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.




