$235,000 - $280,000
RENTED NOV 30, 2024
1 Bed
1 Bath
460 Sq Ft
2016 Built

Last Sold August 09, 2018

Last sale price $245,000 $533 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,630/month

Highlights

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

About This Home

As of November 2024

**ALSO AVAILABLE FOR SALE $249,900 ** Experience city living at its finest in Silver Spring, just blocks from the Silver Spring Metro Station. This stunning home, built in 2016, features wood flooring throughout, sleek quartz countertops, in-unit washer and dryer, and a private balcony perfect for relaxing. The building offers a wealth of amenities, including a fitness room, rooftop terrace, bike storage, sky lounge, concierge services, and a sophisticated lobby with a cozy fireplace. Step outside to enjoy the new Montgomery County Aquatic and Recreation Center across the street or visit the New Mom's Organic Market just two blocks away for fresh, healthy options. With a variety of local restaurants, music venues, and farmers' markets nearby, plus unparalleled convenience in transportation and shopping right at your doorstep, you’ll love calling this vibrant community home. Vouchers Welcome.

Last Agent to Rent the Property

Andrea Alderdice

Long & Foster Real Estate, Inc. License #508237 Listed on: 10/18/2024

Long & Foster Real Estate, Inc.

Last Renter's Agent

Steve Schuck

Long & Foster Real Estate, Inc. License #86098

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,903

Year Built

  • Built in 2016

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Cool or White Roof
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 460 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Sliding Doors
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Exterior Cameras

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Front Loading Dryer
  • Front Loading 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 HVAC
  • Energy-Efficient Lighting

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Additional Features

  • Property is in very good condition

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,700
  • $300 Move-In Fee
  • Tenant pays for cable TV, electricity, gas, heat
  • The owner pays for association fees, common area maintenance, sewer, snow removal, trash collection, water
  • Rent includes additional storage space, common area maintenance, hoa/condo fee, HVAC maint, sewer, snow removal, trash removal, water
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 10/18/24
  • $55 Application Fee
  • Assessor Parcel Number 161303772376

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, trash, snow removal, management, exterior building maintenance
  • Mid-Rise Condominium
  • Octave 1320 Condominiums
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

  • No Pets Allowed

Security

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

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,903

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Date Available: 2024-10-18
  • Application Fee: 55.00
  • Owner Pays: Association Fees, Common Area Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Pets Allowed: No
  • Rent Includes: Additional Storage Space, Common Area Maintenance, Hoa/Condo Fee, Hvac Maint, Sewer, Snow Removal, Trash Removal, Water
  • Security Deposit: 1700.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Electricity, Gas, Heat
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 300.00
  • 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: Contemporary
  • Accessibility Features: Elevator, Doors - Lever Handle(s), Level Entry - Main, 32"+ Wide Doors
  • Inclusions: Storage Included In ListPrice, Storage Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: **ALSO AVAILABLE FOR SALE $249,900 ** Experience city living at its finest in Silver Spring, just blocks from the Silver Spring Metro Station. This stunning home, built in 2016, features wood flooring throughout, sleek quartz countertops, in-unit washer and dryer, and a private balcony perfect for relaxing. The building offers a wealth of amenities, including a fitness room, rooftop terrace, bike storage, sky lounge, concierge services, and a sophisticated lobby with a cozy fireplace. Step outside to enjoy the new Montgomery County Aquatic and Recreation Center across the street or visit the New Mom's Organic Market just two blocks away for fresh, healthy options. With a variety of local restaurants, music venues, and farmers' markets nearby, plus unparalleled convenience in transportation and shopping right at your doorstep, you’ll love calling this vibrant community home. Vouchers Welcome.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Microwave, Oven/Range - Gas, Refrigerator, Washer - Front Loading
  • Entry Floor: 2
  • Flooring Type: Wood
  • Interior Amenities: Combination Kitchen/Dining, Entry Level Bedroom, Wood Floors, Floor Plan - Open, Upgraded Countertops, Bathroom - Tub Shower
  • Fireplace: No
  • Door Features: Sliding Glass
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 460
  • Living Area Sq Ft: 460
  • Price Per Sq Ft: 3.70
  • Above Grade Finished Sq Ft: 460
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1320

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
  • Roof: Cool/White
  • 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

  • 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, Fire Detection System, Main Entrance Lock, Sprinkler System - Indoor, Smoke Detector, 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 Frequency: Monthly
  • Condo Co-Op Name: Octave 1320 Condominiums
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Extra Storage, Party Room
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Trash, Snow Removal, Management, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Lighting

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14
  • In City Limits: No

Tax Info

  • Assessor Parcel Number: 161303772376
  • Close Date: 11/30/2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Aug 9, 2018
Sold by
Hines Shayla A
Bought by
Dorsainvil Natasha
Seller's Agent
Cynthia Marshall-McFarland
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Joseph Olatunde Seriki
TTR Sotheby's International Realty
List Price
$265,900
Sold Price
$245,000
Premium/Discount to List
-$20,900
-7.86%
Current Estimated Value
$251,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,264
Avg. Annual Appreciation
0.36%
Original Mortgage
$232,750
Outstanding Balance
$202,972
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$48,292

Purchase Details

Closed on
Jun 10, 2016
Sold by
1320 Residences Llc
Bought by
Hines Shayla A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,600
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Dorsainvil Natasha $245,000 Premium Title & Escrow Llc
Hines Shayla A $209,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorsainvil Natasha $232,750
Previous Owner Hines Shayla A $203,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2024 11/30/24 Rented $1,700 0.0% --
11/09/2024 11/09/24 Under Contract -- -- --
10/18/2024 10/18/24 For Rent $1,700 0.0% --
08/09/2018 08/09/18 Sold $245,000 -5.4% $533 / Sq Ft
07/10/2018 07/10/18 Pending -- -- --
06/28/2018 06/28/18 Price Changed $258,900 -2.6% $563 / Sq Ft
06/11/2018 06/11/18 For Sale $265,900 -- $578 / 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
2024 $2,903 $245,000 $73,500 $171,500
2023 $2,212 $245,000 $73,500 $171,500
2022 $2,092 $245,000 $73,500 $171,500
2021 $2,089 $245,000 $73,500 $171,500
2020 $1,939 $231,667 $0 $0
2019 $1,787 $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

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Map

Source: Bright MLS

MLS Number: MDMC2152980

Bright MLS

APN: 13-03772376