NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 105 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $243,740 - $299,000

1 Bed
1 Bath
500 Sq Ft
$505/mo HOA Fee

Last Sold June 25, 2021

Last sale price $245,000 $490 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,127/month

Highlights

  • Fitness Center
  • Open Floorplan
  • Main Floor Bedroom
  • Woodlin Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Woodside Urban Park

About This Home

As of August 2024

Fantastic opportunity to rent a modern, first level condo featuring an open concept floor plan! A sense of spaciousness is in the living room, that’s perfect for both relaxation and entertaining. Sleek stainless-steel appliances are a highlight of the contemporary kitchen. Open or close the versatile sliding doors to the bedroom, affording privacy or open space in an instant. Bright lighting highlights the vanity area in a sizeable bathroom. Trendy subway tiles line the walk-in shower. Enjoy the convenience of having your own full-size washer and dryer in your home! There is also a small balcony and extra storage available. Water is included in the monthly rent. Vouchers welcome. Community amenities abound! The building has a concierge, rooftop Sky Lounge, outdoor rooftop terrace, bike storage room and gym. There’s plenty of shopping and dining in Silver Spring. Get a workout in at the new Silver Spring Recreation and Aquatic Center. Attend a concert at The Fillmore or take in a culture film at AFI Silver Theater. Experience all kinds of events at Fountain Plaza. The building is only two blocks from the Silver Spring Transit Center, offering access to Metro red line train, MARC train and buses all around the Washington D.C. area. Take advantage of these benefits, today!

Last Agent to Rent the Property

Sarah Dye

(703) 380-7468 Sarah.Dye@LongandFoster.com Long & Foster Real Estate, Inc. License #SP200203307 Listed on: 06/19/2024

Long & Foster Real Estate, Inc.

Last Renter's Agent

Madeleine White

(443) 652-0126 madeleine.white@longandfoster.com Long & Foster Real Estate, Inc. License #5013543

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,962

Year Built

  • Built in 1964 | Remodeled in 2016

Lot Details

  • Two or More Common Walls
  • East Facing Home
  • Property is in good condition

HOA Fees

  • $505 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 500 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Combination Kitchen and Living
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Front Loading Dryer
  • Front Loading Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Suburban Location

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,850
  • $500 Move-In Fee
  • Tenant pays for cable TV, electricity, gas, insurance, light bulbs/filters/fuses/alarm care, minor interior maintenance
  • The owner pays for association fees, insurance, management, sewer, personal property taxes, trash collection, water
  • Rent includes sewer, trash removal, water
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 7/1/24
  • $55 Application Fee
  • Assessor Parcel Number 161303772263

Community Details

Overview

  • Association fees include common area maintenance, management, snow removal, trash, water
  • Mid-Rise Condominium
  • The Octave Condos
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision

Amenities

  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $500
  • Dogs Allowed

Security

  • Front Desk in Lobby
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,962

Year Built

Built in 1964 | Remodeled in 2016

Lot Details

0

HOA Fees

$505 per month

Rental Info

  • Date Available: 2024-07-01
  • Application Fee: 55.00
  • Owner Pays: Association Fees, Insurance, Management, Sewer, Taxes - Personal Property, Trash Collection, Water
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis, Dogs Ok, Number Limit, Pet Addendum/Deposit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Rent Includes: Sewer, Trash Removal, Water
  • Security Deposit: 1850.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Electricity, Gas, Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Minor Interior Maintenance
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Move In Fee: 500.00
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1964
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer - Front Loading
  • Entry Floor: 1
  • Flooring Type: Wood
  • Interior Amenities: Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Window Treatments, Wood Floors
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 500
  • Living Area Sq Ft: 500
  • Price Per Sq Ft: 3.70
  • Above Grade Finished Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • 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: Aluminum Siding, Brick, Stone
  • Spa: 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: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Previous Twelve Months Electric Expense: 360.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector, Desk In Lobby
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 505.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Meeting Room, Party Room, Extra Storage
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Good
  • Zoning: CR

Tax Info

  • Assessor Parcel Number: 161303772263

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 25, 2021
Sold by
Butler Joshua and Vicks Jessica Leah
Bought by
Flores Alison
Seller's Agent
Jeremy Rosenthal
Long & Foster Real Estate, Inc.
Buyer's Agent
Sarah Dye
Long & Foster Real Estate, Inc.
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Current Estimated Value
$261,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,185
Avg. Annual Appreciation
1.45%
Original Mortgage
$237,650
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2016
Sold by
1320 Residences Llc
Bought by
Butler Joshua and Butler Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,541
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flores Alison $245,000 Sage Title Group Llc
Butler Joshua $218,500 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Alison $237,650
Previous Owner Butler Joshua $214,541
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2024 08/06/24 Rented $1,850 0.0% --
07/30/2024 07/30/24 Under Contract -- -- --
07/24/2024 07/24/24 Price Changed $1,850 -2.6% $4 / Sq Ft
07/10/2024 07/10/24 Price Changed $1,900 -5.0% $4 / Sq Ft
06/19/2024 06/19/24 For Rent $2,000 0.0% --
06/25/2021 06/25/21 Sold $245,000 -2.0% $490 / Sq Ft View Prior Sale
05/30/2021 05/30/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $250,000 -- $500 / 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 $2,962 $235,000 $70,500 $164,500
2024 $2,962 $250,000 $75,000 $175,000
2023 $3,655 $250,000 $75,000 $175,000
2022 $2,148 $250,000 $75,000 $175,000
2021 $2,145 $250,000 $75,000 $175,000
2020 $998 $236,667 $0 $0
2019 $1,844 $223,333 $0 $0
2018 $1,698 $210,000 $63,000 $147,000
2017 $2,473 $210,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2024

    Sarah Dye

    Long & Foster

    (703) 380-7468

    1 in this area

    48 Total Sales

    Sarah Dye
    Section Image
  • Madeleine White

    Tenant's Agent in 2024

    Madeleine White

    Long & Foster

    (443) 652-0126

    1 Total Sale

    Madeleine White
    Section Image
  • Jeremy Rosenthal

    Seller's Agent in 2021

    Jeremy Rosenthal

    Long & Foster

    (301) 461-5630

    2 in this area

    122 Total Sales

    Jeremy Rosenthal
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2137078

Bright MLS

APN: 13-03772263

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 105, Silver Spring, MD

Not Listed for Sale

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