NOT LISTED FOR SALE

1111 Fairland Rd Silver Spring, MD 20904

Estimated Value: $547,000 - $583,000

3 Beds
1 Bath
1,196 Sq Ft
$475/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $400,000 $334 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,438/month

4 Days on Market

Highlights

  • 1.03 Acre Lot
  • Deck
  • 1 Fireplace
  • William Tyler Page Elementary School Rated A-
  • Rambler Architecture
  • No HOA

About This Home

As of November 2019

Great value in this 1+ acre lot with potential for up to 4 separate dwellings (See attached site plan). This brick rambler home has 2 levels with lots of space. Basement has been waterproofed by owner. The home is tenant occupied and currently rents for $1900 per month.

Last Agent to Sell the Property

Mark Riley

(301) 792-3638 markriley1951@gmail.com Realty 1, Inc. Listed on: 10/12/2019

Co-Listed By

Leonard Wallace

(301) 675-9036 leonardwallace@gmail.com Realty 1, Inc.

Last Buyer's Agent

Juan Flores

(301) 219-6112 flores.juanc@yahoo.com Fairfax Realty Premier License #580702

Fairfax Realty Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,553

Year Built

  • Built in 1960

Lot Details

  • 1.03 Acre Lot
  • Property is zoned R90

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,196 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Electric Oven or Range
  • Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil

Community Details

  • No Home Owners Association
  • Fairmont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160500264930

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,553

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
  • Fireplaces Count: 1
  • Levels Count: 1
  • Basement: Yes
  • Total Sq Ft: 1196
  • Living Area Sq Ft: 1196
  • Price Per Sq Ft: 309.28
  • Above Grade Finished Sq Ft: 1196
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Block
  • 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, Driveway

Utilities

  • Refuse: 308.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 1.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44866.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Total Actual Rent: 22800.00
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4553.00
  • Assessor Parcel Number: 160500264930
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Nov 22, 2019
Sold by
Pettit John V
Bought by
Orellana Juan Carlos Rojas
Seller's Agent
Mark Riley
Realty 1, Inc.
Buyer's Agent
Juan Flores
Fairfax Realty Premier
List Price
$369,900
Sold Price
$400,000
Premium/Discount to List
$30,100
8.14%
Current Estimated Value
$567,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,898
Avg. Annual Appreciation
5.89%
Original Mortgage
$380,000
Outstanding Balance
$334,965
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$232,933

Purchase Details

Closed on
Apr 16, 1998
Sold by
P Edward H and P Johnson E
Bought by
Pettit John V
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
Orellana Juan Carlos Rojas $400,000 Four Seasons Title
Pettit John V $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orellana Juan Carlos Rojas $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2019 11/22/19 Sold $400,000 +8.1% $334 / Sq Ft
10/12/2019 10/12/19 For Sale $369,900 -- $309 / 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 $5,653 $470,300 -- --
2024 $5,653 $432,400 $0 $0
2023 $5,880 $394,500 $277,200 $117,300
2022 $4,183 $387,900 $0 $0
2021 $4,044 $381,300 $0 $0
2020 $3,933 $374,700 $277,200 $97,500
2019 $4,553 $370,800 $0 $0
2018 $4,053 $366,900 $0 $0
2017 $4,514 $363,000 $0 $0
2016 -- $356,133 $0 $0
2015 $4,751 $349,267 $0 $0
2014 $4,751 $342,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC682958

Bright MLS

APN: 05-00264930