Originally Built in the 1960's as a rental apartment building, the MICA was converted to condominium ownership in 2006.  There are 151 Units in the Mica Building

Features include floor to ceiling windows with great views of Downtown Silver Spring looking towards Rock Creek Park, private balconies, maple cabinets, granite countertops, stainless steel appliances and ceramic tile baths.  Square footage of these units is Spacious, ranging from 817 to over 1700 square feet.  There is a Swimming Pool with sun deck, a full media center and state-of-the-art fitness center.  All units have garage parking and the Building is located 2 Blocks from the Silver Spring Metro Station in Downtown Silver Spring.

2008 Sales in the MICA

11 Sold Listings

8 were 1 Bedroom 1 Bath Units
1 was a 2 Bedroom 1 Bath Unit
2 were 3 Bedroom 2 1/2 Bath Units

Average List/Asking Price - 340,300
Average Sold Price - 336,918
Average Seller Subsidy/Concessions - $9,247
Average Days on Market - 59

Lowest Price was for a 860 sq ft 1 Bedroom Unit - $268,900
Highest Price was for a 1,718 sq ft 3 Bedroom 2 1/2 Bath Unit - $539,900

2009 Sales in the MICA

3 Sold Listings

1 Bedroom 1 Bath - (848 sq ft) 1st Floor - Asking Price - $242,137 Sold - $240,000
   $9,000 Seller Subsidy - 29 Days on Market
2 Bedroom 1 Bath - (1,020 sq ft) 11th Floor - Asking Price - $365,000 Sold - $340,000
   $10,000 Seller Subsidy - 131 Days on Market
3 Bedroom 2 1/2 Bath - (1,665 sq ft) 12th Floor - Asking Price - $530,000 Sold - $533,000
   7 Days on Market
 

Chart market activity with current up-to-the-minute homes in your area, including such data as sold homes, properties for sale, inventory counts and even days-on-market at Silver Spring Market Snapshot

Interested in a condominium in Downtown Silver Spring? 

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Call Debbie Cook - Silver Spring Realtor (301) 587-3528 for experienced help in navigating the Current Real Estate Market