NOT LISTED FOR SALE

1013 Orchard Way Silver Spring, MD 20904

Estimated Value: $683,532 - $885,000

4 Beds
2 Baths
2,820 Sq Ft
$275/Sq Ft Est. Value

Last Sold January 24, 2013

Last sale price $340,000 $121 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $4,584/month

41 Days on Market

Highlights

  • 1.01 Acre Lot
  • Cape Cod Architecture
  • Wooded Lot
  • Dr. Charles R. Drew Elementary School Rated A
  • Private Lot
  • 2 Fireplaces

About This Home

As of January 2013

Fantastic opportunity! Home is situated on a serene and secluded 1+ acre lot! Many possibilities for the existing home & structure or potentially other uses for this GREAT ACRE of special property. Finished 1st level w/2 fireplaces! Upper level mostly unfinished but awaiting final touches. Mature trees & plantings all over - Rhododendrons, Azaleas, Beauty Berry & more! CUL-DE-SAC! NO OUTLET!

Last Agent to Sell the Property

Paul Schwiesow

(301) 652-0400 dcmdrealtor@gmail.com Weichert, REALTORS License #463588125 Listed on: 10/12/2012

Weichert, REALTORS

Co-Listed By

Nancy Schwiesow

(301) 652-0400 fortunatenancy@gmail.com RE/MAX Realty Services License #MRIS:5164

Last Buyer's Agent

Tumi Demuren

(240) 286-4530 tdemuren@ttrsir.com TTR Sotheby's International Realty License #0225266207

TTR Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,860

Year Built

  • Built in 1951

Lot Details

  • 1.01 Acre Lot
  • Cul-De-Sac
  • Private Lot
  • Secluded Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Property is in below average condition
  • Property is zoned RE1

Parking

  • Off-Street Parking

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Window Unit Cooling System
  • Radiator
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Colesville Farm Estates Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 160500310582

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,860

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1951
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Combination Dining/Living
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Brick, Combination
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 213.76
  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 74200.00
  • Land Assessed Value: 278900.00
  • Lot Features: Backs To Trees, Cul-De-Sac, Trees/Wooded, Secluded, Private
  • Lot Size Acres: 1.01
  • Lot Size Area: 43806
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43806.00
  • Property Condition: Below Average
  • Zoning: RE1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13838461
  • Tax Annual Amount: 4859.68
  • Assessor Parcel Number: 160500310582
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2012
Closed on
Jan 22, 2013
Sold by
Grimm William F and Grimm Stephen M
Bought by
Zerihun Benyam and Redda Gerbriela
Seller's Agent
Paul Schwiesow
Weichert, REALTORS
Buyer's Agent
Tumi Demuren
TTR Sotheby's International Realty
List Price
$369,900
Sold Price
$340,000
Premium/Discount to List
-$29,900
-8.08%
Current Estimated Value
$774,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,383
Avg. Annual Appreciation
6.63%
Original Mortgage
$363,298
Outstanding Balance
$257,044
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$517,339

Purchase Details

Closed on
Feb 17, 2009
Sold by
Grimm Arthur P
Bought by
Grimm William F Tr
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
Zerihun Benyam $340,000 Citizens Title Group Llc
Grimm William F Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zerihun Benyam $363,298
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2013 01/24/13 Sold $340,000 -8.1% $121 / Sq Ft
11/22/2012 11/22/12 Pending -- -- --
10/12/2012 10/12/12 For Sale $369,900 -- $131 / 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 $6,084 $499,400 -- --
2024 $6,084 $452,000 $0 $0
2023 $6,185 $404,600 $315,700 $88,900
2022 $3,261 $404,600 $315,700 $88,900
2021 $4,691 $404,600 $315,700 $88,900
2020 $9,382 $428,800 $315,700 $113,100
2019 $4,617 $425,167 $0 $0
2018 $4,455 $421,533 $0 $0
2017 $4,331 $417,900 $0 $0
2016 $4,168 $396,300 $0 $0
2015 $4,168 $374,700 $0 $0
2014 $4,168 $353,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004198370

Bright MLS

APN: 05-00310582