NOT LISTED FOR SALE

Estimated Value: $230,404 - $274,000

1 Bed
1 Bath
549 Sq Ft
$525/mo HOA Fee

Last Sold August 16, 2023

Last sale price $247,000 $450 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,120/month

10 Days on Market

Highlights

  • Open Floorplan
  • Stainless Steel Appliances
  • Central Heating and Cooling System
  • Woodlin Elementary School Rated A-
  • Recessed Lighting
  • 4-minute walk to Woodside Urban Park

About This Home

As of August 2023

Welcome to the Octave Condominium! This fabulous one bedroom condo in downtown Silver Spring, is filled with tons of natural light and only steps from the Silver Spring Metro Station. 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. There is in-unit washer and dryer and two oversized closets for storage. As a bonus this unit comes with a separate storage unit in the building as well. The building’s amenities include a concierge, secure main entrance, fitness center, and the SkyLounge next to the rooftop with sweeping 360-degree views of the cityscape. Enjoy Silver Spring's breweries, farmer's markets, music venues, shops, dining, and more! Do not miss this gem in the heart of it all!

Last Agent to Sell the Property

Jamie Smart

(240) 460-2914 smart.jamie@outlook.com Redfin Corp License #SP200203303 Listed on: 07/13/2023

Redfin Corp

Last Buyer's Agent

Ken Fant

(301) 602-0234 kenfant@comcast.net HomeSmart License #85064

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,009

Year Built

  • Built in 1964

HOA Fees

  • $525 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 549 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Combination Dining and Living Room
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303772423

Community Details

Overview

  • Association fees include trash, exterior building maintenance, snow removal, common area maintenance, lawn maintenance, recreation facility
  • Octave Condominiums HOA
  • High-Rise Condominium
  • The Octave Codm Community

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,009

Year Built

Built in 1964

Lot Details

0

HOA Fees

$525 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-13
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Stainless Steel Appliances, Refrigerator, Built-In Microwave, Stove, Dishwasher, Washer/Dryer Stacked
  • Entry Floor: 2
  • Interior Amenities: Recessed Lighting, Combination Dining/Living, Floor Plan - Open
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 549
  • Living Area Sq Ft: 549
  • Price Per Sq Ft: 449.91
  • Above Grade Finished Sq Ft: 549
  • 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
  • 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
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 525.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Trash, Ext Bldg Maint, Snow Removal, Common Area Maintenance, Lawn Maintenance, Recreation Facility
  • HOA Name: OCTAVE CONDOMINIUMS
  • HOA: Yes
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3009.00
  • Assessor Parcel Number: 161303772423
  • 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
Jul 13, 2023
Closed on
Aug 16, 2023
Sold by
Voorhees Megan E
Bought by
Bernard Miranda
Seller's Agent
Jamie Smart
Redfin Corp
Buyer's Agent
Ken Fant
HomeSmart
List Price
$247,000
Sold Price
$247,000
Views
71
Current Estimated Value
$253,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,101
Avg. Annual Appreciation
1.07%
Original Mortgage
$197,600
Outstanding Balance
$193,097
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$60,004

Purchase Details

Closed on
May 26, 2016
Sold by
1320 Residences Llc
Bought by
Voorhees Megan E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bernard Miranda $247,000 Commonwealth Land Title
Miranda Bernard $247,000 Commonwealth Land Title
Voorhees Megan E $209,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miranda Bernard $197,600
Closed Miranda Bernard $197,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2023 08/16/23 Sold $247,000 0.0% $450 / Sq Ft
07/13/2023 07/13/23 For Sale $247,000 -- $450 / 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 $3,138 $210,000 $63,000 $147,000
2024 $3,138 $265,000 $79,500 $185,500
2023 $3,139 $265,000 $79,500 $185,500
2022 $2,136 $265,000 $79,500 $185,500
2021 $3,062 $270,000 $81,000 $189,000
2020 $2,913 $256,667 $0 $0
2019 $2,761 $243,333 $0 $0
2018 $1,923 $230,000 $69,000 $161,000
2017 $2,702 $230,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2099452

Bright MLS

APN: 13-03772423