Huge Price reduction !!! nnThis lovely 2 bedroom gem is located right in the heart of Silver Spring. Minutes from downtown. Totally renovated condo with fresh paint, Granite counters, ceramic back-splash, stainless steel appliances, custom closets and energy efficient windows. All utilities are included in the condo fee. One assigned parking spot and visitor or street parking for additional vehicles. Walking distance to public transportation. Within minutes to I-495, Colesville RoadnnPurchase vs renting analysis:nSale price: $179,000 with 20% down = $35,800nLoan amount: $143,200 at 3% interest, Monthly mortgage = $604nTaxes and insurance/mo = $199nCondo fees= $823/monnTotal monthly payment to own = $1,626.00nn2 Beds/1bath rent in the area is $1,700 – $1900 per monthnnConclusion: It is much better to purchase. The equity of the house will increase and the interest fees will be tax deductible.nnDisclaimer: The exercise shown above merely for illustration purpose. Accurate figures will be calculate by a lender.