NOT LISTED FOR SALE

101 Ritchie Ave Silver Spring, MD 20910

Estimated Value: $1,005,274 - $1,327,000

4 Beds
3.5 Baths
2,625 Sq Ft
$441/Sq Ft Est. Value

Last Sold July 25, 2020

Last sale price $984,000 $375 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,426/month

83 Days on Market

Highlights

  • Built in 1966 | Remodeled in 2020
  • Beaux Arts Architecture
  • Central Heating and Cooling System
  • Takoma Park Elementary School Rated A-
  • No HOA
  • 2-minute walk to Heffner Park

About This Home

As of July 2020

Gorgeous New Construction in the heart of Downtown Silver Spring/Takoma Park. Over 3 levels with 4 Bedrooms and 3.5 Bathroom Home is an opportunity not to miss. Soaring ceilings 9 ft on the first level, recessed lighting, oversized windows, hardwood floors. The wide open living room features room to stretch out and leads into the large dining area and well appointed kitchen. Granite countertops with stainless steel appliances. On the second floor, you will find 3 spacious bedrooms, each flooded with natural light. The Master bedroom has its own bathroom and generous custom closet space. A private outdoor balcony looks out over the front yard. The Third floor has plenty of room for a bedroom or a play area. Two zoned central system lets you save on energy bills. Off Street Parking. Private lot - with quiet serene woods. Only 4 blocks from the D.C. Border - less then 1 mile to either Silver Spring or Takoma Park Metros. Wholefoodsmarket, Takoma Food Co-Op, all the restaurants and entertainment of Downtown Silver Spring at your fingertips. Live in the heart of it all at your doorstep.

Last Agent to Sell the Property

Jacob Manevich

(240) 606-7436 jmanevich@nrdretail.com NRD REALTY LLC Listed on: 04/09/2020

Last Buyer's Agent

Kimberly Cestari

(202) 253-8757 KimberlyC@lnf.com Long & Foster Real Estate, Inc. License #SP98364172

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,593

Year Built

  • Built in 1966 | Remodeled in 2020

Lot Details

  • 10,634 Sq Ft Lot
  • Property is zoned R60

Parking

  • Driveway

Home Design

  • Beaux Arts Architecture

Interior Spaces

  • 2,625 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Takoma Park Subdivision

Listing and Financial Details

  • Tax Lot P13
  • Assessor Parcel Number 161301064611

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,593

Year Built

Built in 1966 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Beaux Arts
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1966
  • Year Renovated: 2020
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2625
  • Living Area Sq Ft: 2625
  • Price Per Sq Ft: 419.05
  • Above Grade Finished Sq Ft: 2625
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 20.97
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 37100.00
  • Land Assessed Value: 364800.00
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10634.00
  • Zoning: R60
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14010342
  • Tax Annual Amount: 6593.00
  • Assessor Parcel Number: 161301064611
  • Tax Lot: P13
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jul 28, 2020
Sold by
101 Ritchie Llc
Bought by
Patnaik Sanjay and Gupta Charu
Seller's Agent
Jacob Manevich
NRD REALTY LLC
Buyer's Agent
Kimberly Cestari
Long & Foster Real Estate, Inc.
List Price
$1,100,000
Sold Price
$984,000
Premium/Discount to List
-$116,000
-10.55%
Current Estimated Value
$1,158,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,319
Avg. Annual Appreciation
3.05%
Original Mortgage
$787,200
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2017
Closed on
Jul 10, 2017
Sold by
The Bank Of New York Mello N
Bought by
101 Ritchie Llc
Seller's Agent
Emerick Peace
Keller Williams Preferred Properties
Buyer's Agent
Jacob Manevich
NRD REALTY LLC
List Price
$309,900
Sold Price
$340,000
Premium/Discount to List
$30,100
9.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.54%
Original Mortgage
$238,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2017
Sold by
Sanchez Degutierrez Carmen and Estate Of Virginia Sanchez De
Bought by
Bank Of New York Mellon and Bank Of New York

Purchase Details

Closed on
Feb 13, 2013
Sold by
Encinas Sanchez Jorge Felix and Estate Of Virginia Sanchez De
Bought by
Sanchez Degutierrez Carmen

Purchase Details

Closed on
May 18, 2007
Sold by
Terrazas Mario
Bought by
Sanchez Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2001
Sold by
Ernst Jerome
Bought by
Terrazas Mario
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patnaik Sanjay $984,000 Federal Title & Escrow Co
101 Ritchie Llc $340,000 None Available
Bank Of New York Mellon $264,000 None Available
Sanchez Degutierrez Carmen -- None Available
Sanchez Virginia $300,000 --
Terrazas Mario $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patnaik Sanjay $787,200
Previous Owner 101 Ritchie Llc $238,000
Previous Owner Sanchez Virginia $240,000
Previous Owner Sanchez Virginia $29,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2020 07/25/20 Sold $984,000 -10.5% $375 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $1,100,000 +223.5% $419 / Sq Ft
08/18/2017 08/18/17 Sold $340,000 +9.7% $569 / Sq Ft View Prior Sale
03/14/2017 03/14/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $309,900 -- $518 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,295 $797,000 $364,800 $432,200
2024 $16,295 $947,400 $364,800 $582,600
2023 $15,403 $854,433 $0 $0
2022 $11,986 $761,467 $0 $0
2021 $10,424 $668,500 $364,800 $303,700
2020 $6,666 $398,233 $0 $0
2019 $6,593 $394,567 $0 $0
2018 $6,609 $390,900 $364,800 $26,100
2017 $5,617 $356,600 $0 $0
2016 $5,061 $322,300 $0 $0
2015 $5,061 $288,000 $0 $0
2014 $5,061 $288,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC703228

Bright MLS

APN: 13-01064611