NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 208 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $339,908 - $401,000

2 Beds
2 Baths
744 Sq Ft
$602/mo HOA Fee

Last Sold July 22, 2022

Last sale price $350,000 $470 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,881/month

9 Days on Market

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 July 2022

Sun-Filled condo in downtown Silver Spring only steps to the Silver Spring Metro Station! Built in 2016, this 2 bedroom, 2 full bath condo features a western exposure, quartz countertops, wood floors and full size washer and dryer in unit. The many building amenities include a fitness room, roof terrace, bike storage room, sky lounge, concierge and sophisticated lobby with fireplace. Separate storage unit included and pet friendly! Enjoy Silver Spring’s breweries, farmer’s market, 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

Dale Mattison

(202) 494-7653 dale@themattisongroup.com Long & Foster Real Estate, Inc. License #0225050156 Listed on: 06/17/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Lupe Rohrer

(301) 938-2499 lupe.rohrer@redfin.com Redfin Corp

Redfin Corp

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,020

Year Built

  • Built in 2016

HOA Fees

  • $602 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 744 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 161303772398
  • $125 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, recreation facility, reserve funds, snow removal, sewer, water
  • 102 Units
  • Mid-Rise Condominium
  • The Octave Condos, Phone Number (301) 378-8139
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,020

Year Built

Built in 2016

Lot Details

0

HOA Fees

$602 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: Elevator
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 2
  • Flooring Type: Hardwood
  • Interior Amenities: Floor Plan - Open
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 744
  • Living Area Sq Ft: 744
  • Price Per Sq Ft: 477.15
  • Above Grade Finished Sq Ft: 744
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

  • Refuse: 17.29
  • Water Sewer Hookup Fee: 125.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 602.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave
  • Condo Co-Op Phone: 301-378-8139
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Extra Storage, Party Room, Fitness Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Recreation Facility, Reserve Funds, Snow Removal, Sewer, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No
  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 255500.00
  • Land Assessed Value: 109500.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 14125811
  • Tax Annual Amount: 4020.00
  • Assessor Parcel Number: 161303772398
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Front Foot Fee: 125.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Merchant Saeeda
Bought by
Johnston Ashton Michael
Current Estimated Value
$364,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,300
Outstanding Balance
$324,188
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$40,289

Purchase Details

Closed on
Oct 20, 2023
Sold by
Shirin Merchant Trust
Bought by
Merchant Saeeda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,300
Outstanding Balance
$324,188
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$40,289

Purchase Details

Closed on
Dec 14, 2022
Sold by
Merchant Rahim
Bought by
Shirin Merchant Trust

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 2, 2022
Sold by
Ashley Brown
Bought by
Merchant Rahim
Seller's Agent
Dale Mattison
Long & Foster Real Estate, Inc.
Buyer's Agent
Lupe Rohrer
Redfin Corp
List Price
$355,000
Sold Price
$350,000
Premium/Discount to List
-$5,000
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.21%

Purchase Details

Listed on
Aug 23, 2018
Closed on
Oct 9, 2018
Sold by
Clobridge Jeannette V
Bought by
Brown Ashley
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Ms. Tolbert
Keller Williams Capital Properties
List Price
$369,000
Sold Price
$369,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.39%
Original Mortgage
$313,650
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2018
Closed on
Oct 1, 2018
Sold by
Ngo Boumso Madeleine A
Bought by
Clobridge Jeannette V
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Ms. Tolbert
Keller Williams Capital Properties
List Price
$369,000
Sold Price
$369,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,650
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2016
Sold by
1320 Residences Llc
Bought by
Clobridge Jeannette V and Ngo Boumso Madeleine A
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
Johnston Ashton Michael $367,000 Old Republic National Title In
Johnston Ashton Michael $367,000 Old Republic National Title In
Merchant Saeeda -- None Listed On Document
Shirin Merchant Trust -- --
Merchant Rahim $350,000 Old Republic National Title
Brown Ashley $369,000 Kvs Title Llc
Clobridge Jeannette V -- None Available
Clobridge Jeannette V $304,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Ashton Michael $330,300
Closed Johnston Ashton Michael $330,300
Previous Owner Brown Ashley $313,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2022 07/22/22 Sold $350,000 -1.4% $470 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $355,000 -3.8% $477 / Sq Ft
10/08/2018 10/08/18 Sold $369,000 0.0% $496 / Sq Ft View Prior Sale
09/14/2018 09/14/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $369,000 0.0% $496 / Sq Ft
08/23/2018 08/23/18 For Sale $369,000 -- $496 / 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 $4,313 $340,000 $102,000 $238,000
2024 $4,313 $365,000 $109,500 $255,500
2023 $4,968 $361,667 $0 $0
2022 $3,370 $358,333 $0 $0
2021 $6,170 $355,000 $106,500 $248,500
2020 $6,170 $333,333 $0 $0
2019 $2,839 $311,667 $0 $0
2018 $2,601 $290,000 $87,000 $203,000
2017 $3,392 $290,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dale Mattison

    Seller's Agent in 2022

    Dale Mattison

    Long & Foster

    (202) 494-7653

    1 in this area

    80 Total Sales

    Dale Mattison
    Section Image
  • Andrea Alderdice

    Seller's Agent in 2018

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    20 in this area

    96 Total Sales

    Andrea Alderdice
    Section Image
  • Ms. Tolbert

    Buyer's Agent in 2018

    Ms. Tolbert

    Keller Williams Capital Properties

    (202) 550-0909

    4 Total Sales

    Ms. Tolbert
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2057016

Bright MLS

APN: 13-03772398

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 208, Silver Spring, MD

Not Listed for Sale

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