NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 209 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $247,963 - $258,000

1 Bed
1 Bath
569 Sq Ft
$535/mo HOA Fee

Last Sold June 13, 2024

Last sale price $250,000 $439 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,129/month

105 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Stainless Steel Appliances
  • Woodlin Elementary School Rated A-
  • Community Center
  • 4-minute walk to Woodside Urban Park

About This Home

As of June 2024

CHECK OUT THIS RECENTLY PRICE-REDUCED CONDO!!!! Experience spectacular living at The Octave Condominium in the heart of Silver Spring, within walking distance to Metro, favorite local breweries, restaurants, music venues, farmer's markets, and shopping. This bright 1BR 1BA unit with hardwood flooring throughout offers an open-floor concept that bathes in natural light and is inviting and relaxing. The modern kitchen features stainless steel appliances, quartz countertops and quick access to the balcony and in-unit washer/dryer. Updated and fresh, you can move right in!

SELLER IS INCLUDING 1 YEAR OF PREPAID PARKING in the public lot next to the building for a quick walk home. Becoming a resident of this community gives you access to numerous amenities. Enjoy the breathtaking 360-degree view from the rooftop. Take advantage of the enclosed Sky Lounge which you can reserve for private entertaining (a small fee applies). The elegant lobby, with floor-to-ceiling windows and on-site concierge, is welcoming and convenient. Other amenities include a fitness center, a secure main entrance, rental parking, bike storage, and a separate storage area.

Last Agent to Sell the Property

Donna Kerr

(301) 325-2253 donna@donnakerrgroup.com Donna Kerr Group License #517121 Listed on: 01/04/2024

Last Buyer's Agent

Samuel Medvene

(703) 314-5833 sammedvenerealtor@gmail.com Century 21 Redwood Realty License #SP98379587

Century 21 Redwood Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,953

Year Built

  • Built in 1964

HOA Fees

  • $535 Monthly HOA Fees

Parking

  • Prepaid Parking
  • Assigned Parking Garage Space
  • Rented or Permit Required

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Metal Siding
  • Stone Siding

Interior Spaces

  • 569 Sq Ft Home
  • Property has 1 Level
  • Entrance Foyer
  • Living Room

Kitchen

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

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Woodlin Elementary School
  • Sligo Middle School
  • Albert Einstein High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 161303772401

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, recreation facility, reserve funds, sewer, trash
  • Mid-Rise Condominium
  • Octave 1320 Condos
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Community Center
  • Meeting Room
  • Party Room

Recreation

Pet Policy

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,953

Year Built

Built in 1964

Lot Details

0

HOA Fees

$535 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-04
  • Federal Flood Zone: No
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Stainless Steel Appliances, Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Water Heater, Washer, Refrigerator
  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Foyer, Bedroom 1
  • Basement: No
  • Total Sq Ft: 569
  • Living Area Sq Ft: 569
  • Price Per Sq Ft: 439.37
  • Above Grade Finished Sq Ft: 569
  • 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: Glass, Metal Siding, Stone
  • Roof: Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Prepaid, Rented/Permit Required
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 535.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Octave 1320
  • HOA Condo Co-Op Amenities: Community Center, Concierge, Elevator, Exercise Room, Extra Storage, Meeting Room, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Recreation Facility, Reserve Funds, Sewer, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WOODLIN
  • High School: ALBERT EINSTEIN
  • Middle Or Junior School: SLIGO

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Zoning: COMMERCIAL
  • In City Limits: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 2953.00
  • Assessor Parcel Number: 161303772401
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jun 12, 2024
Sold by
Pilgrim Virginia and Pilgrim-Hovey Virginia Gail
Bought by
Mcdonald Monique Victoria
Seller's Agent
Donna Kerr
Donna Kerr Group
Buyer's Agent
Samuel Medvene
Century 21 Redwood Realty
List Price
$269,000
Sold Price
$250,000
Premium/Discount to List
-$19,000
-7.06%
Views
496
Current Estimated Value
$253,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,991
Avg. Annual Appreciation
1.10%
Original Mortgage
$250,000
Outstanding Balance
$246,810
Interest Rate
7.02%
Mortgage Type
VA
Estimated Equity
$7,181

Purchase Details

Closed on
Jun 13, 2016
Sold by
1320 Residences Llc
Bought by
Pilgrim Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,900
Interest Rate
3.57%
Mortgage Type
New Conventional
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
Mcdonald Monique Victoria $250,000 Old Republic National Title In
Mcdonald Monique Victoria $250,000 Old Republic National Title In
Pilgrim Virginia $229,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Monique Victoria $250,000
Closed Mcdonald Monique Victoria $250,000
Previous Owner Pilgrim Virginia $183,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $250,000 0.0% $439 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/09/2024 04/09/24 Price Changed $250,000 -3.8% $439 / Sq Ft
02/26/2024 02/26/24 Price Changed $259,900 -3.4% $457 / Sq Ft
01/04/2024 01/04/24 For Sale $269,000 0.0% $473 / Sq Ft
07/08/2021 07/08/21 Rented $1,525 0.0% --
05/17/2021 05/17/21 Price Changed $1,525 -4.7% --
05/10/2021 05/10/21 For Rent $1,600 +5.3% --
06/25/2019 06/25/19 Rented $1,520 0.0% --
06/25/2019 06/25/19 Under Contract -- -- --
06/03/2019 06/03/19 For Rent $1,520 -- --
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 $3,079 $245,000 $73,500 $171,500
2024 $3,079 $260,000 $78,000 $182,000
2023 $3,080 $260,000 $78,000 $182,000
2022 $2,096 $260,000 $78,000 $182,000
2021 $2,950 $260,000 $78,000 $182,000
2020 $2,800 $246,667 $0 $0
2019 $1,956 $233,333 $0 $0
2018 $1,810 $220,000 $66,000 $154,000
2017 $2,588 $220,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Kerr

    Seller's Agent in 2024

    Donna Kerr

    Donna Kerr Group

    (301) 325-2253

    1 in this area

    71 Total Sales

    Donna Kerr
    Section Image
  • Samuel Medvene

    Buyer's Agent in 2024

    Samuel Medvene

    Century 21 Redwood Realty

    (703) 314-5833

    1 in this area

    212 Total Sales

    Samuel Medvene
    Section Image

  • L

    Seller's Agent in 2021

    Lauren Mitchum

    Streamline Management, LLC.

    (301) 404-5791

    Lauren Mitchum
    Section Image
  • Maria McLean

    Buyer's Agent in 2021

    Maria McLean

    EXP Realty, LLC

    (240) 681-2052

    2 Total Sales

    Maria McLean
    Section Image
  • Jinean L. Carter

    Buyer's Agent in 2019

    Jinean L. Carter

    Compass

    (202) 251-1111

    32 Total Sales

    Jinean L. Carter
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2114808

Bright MLS

APN: 13-03772401

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 209, Silver Spring, MD

Not Listed for Sale

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