NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 205 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $244,427 - $290,000

1 Bed
1 Bath
460 Sq Ft
$433/mo HOA Fee

Last Sold March 29, 2023

Last sale price $257,000 $559 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,045/month

Highlights

  • Concierge
  • Fitness Center
  • Open Floorplan
  • Woodlin Elementary School Rated A-
  • City View
  • 4-minute walk to Woodside Urban Park

About This Home

As of March 2023

OPEN HOUSE CANCELED. Spring on this fabulous 1 bedroom condo in downtown Silver Spring only steps to the Silver Spring Metro Station and upcoming Purple Line! Built in 2016, this home features quartz countertops, sliding opaque glass barn doors, 9'ceilings, engineered hardwood flooring throughout, stainless steel appliances, and private balcony. The many building amenities include a fitness room, roof terrace with tree top views to Downtown Bethesda and the Mormon Temple, secured bike storage room, sky lounge, concierge and spacious lobby with fireplace. Separate storage unit included and pet friendly! Enjoy Silver Spring's breweries, farmer's markets, music venues, shops, dining, and the soon to come Montgomery County Aquatic Center and Commas Food Hall all at your doorstep.

Last Agent to Sell the Property

Andrea Alderdice

(301) 466-5898 andy4homes@gmail.com Long & Foster Real Estate, Inc. License #508237 Listed on: 03/02/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Claudia MacDonald

(240) 801-5782 homes4ubyclaudia@gmail.com Redfin Corp License #667164

Redfin Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,784

Year Built

  • Built in 2016

HOA Fees

  • $433 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Cool or White Roof
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 460 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Sliding Doors
  • Combination Dining and Living Room
  • Wood Flooring
  • Exterior Cameras

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Off-Site Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Doors are 32 inches wide or more
  • Level Entry For Accessibility

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Additional Features

  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161303772365

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, sewer, snow removal, trash, water
  • 102 Units
  • Mid-Rise Condominium
  • The Octave 1320 Condominiums, Phone Number (301) 378-8139
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,784

Year Built

Built in 2016

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, Doors - Lever Handle(s), Elevator, Level Entry - Main
  • Ownership: Condominium
  • Inclusions: Storage included in List Price, Storage included in Sale Price
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-03-02
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Disposal
  • Entry Floor: 2
  • Flooring Type: Wood
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Tub Shower, Wood Floors, Upgraded Countertops
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 460
  • Living Area Sq Ft: 460
  • Price Per Sq Ft: 536.96
  • Above Grade Finished Sq Ft: 460
  • 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: Brick, Aluminum Siding, Stone
  • Exterior Features: Sidewalks
  • Roof: Cool/White
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: Off Site

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Main Entrance Lock, Fire Detection System, Resident Manager, Sprinkler System - Indoor, Carbon Monoxide Detector(s), Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 433.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave 1320 Condominiums
  • Condo Co-Op Phone: (301)-378-8139
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Extra Storage, Fitness Center, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Lighting, Appliances
  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 171500.00
  • Land Assessed Value: 73500.00
  • Outdoor Living Structures: Balcony, Roof
  • Property Condition: Very Good
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14125522
  • Tax Annual Amount: 2784.00
  • Assessor Parcel Number: 161303772365
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 29, 2023
Sold by
James Jessica E
Bought by
Marquez Diego Felipe Mende
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Claudia MacDonald
Redfin Corp
List Price
$247,000
Sold Price
$257,000
Premium/Discount to List
$10,000
4.05%
Views
28
Current Estimated Value
$260,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,107
Avg. Annual Appreciation
0.45%
Original Mortgage
$249,290
Outstanding Balance
$241,999
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$18,108

Purchase Details

Closed on
Jun 6, 2016
Sold by
1320 Residences Llc
Bought by
James Jessica E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,094
Interest Rate
3.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marquez Diego Felipe Mende $257,000 --
James Jessica E $209,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquez Diego Felipe Mende $249,290
Previous Owner James Jessica E $206,094
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $257,000 +4.0% $559 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $247,000 -- $537 / 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 $2,903 $235,000 $70,500 $164,500
2024 $2,903 $245,000 $73,500 $171,500
2023 $3,596 $245,000 $73,500 $171,500
2022 $1,975 $245,000 $73,500 $171,500
2021 $2,089 $245,000 $73,500 $171,500
2020 $16 $231,667 $0 $0
2019 $2,813 $218,333 $0 $0
2018 $1,641 $205,000 $61,500 $143,500
2017 $2,415 $205,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Alderdice

    Seller's Agent in 2023

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    20 in this area

    96 Total Sales

    Andrea Alderdice
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2083964

Bright MLS

APN: 13-03772365

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 205, Silver Spring, MD

Not Listed for Sale

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