NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 300 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $340,935 - $395,000

2 Beds
2 Baths
744 Sq Ft
$552/mo HOA Fee

Last Sold March 12, 2021

Last sale price $380,000 $511 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,833/month

128 Days on Market

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 2021

WELCOME HOME TO THIS AMAZING 2 BEDROOM AND 2 FULL BATH CONDO IN DOWNTOWN SILVER SPRING. THIS IS EXCELLENT DOWNTOWN SILVER SPRING LIVING. WALK SCORE IS 96. ONE OF THE BEST LOCATIONS WITH NEARBY THEATERS, CULTURE CENTER, RESTAURANTS, SHOPPING, WHOLE FOODS, SAFEWAY, AND FUTURE MOM'S. YOU'LL FIND SOME OF YOUR FAVORITE THINGS TO DO IN THE AREA. INSIDE THE BELTWAY WITH EASY ACCESS TO BELTWAY AND MAJOR ROUTES AND MINUTES FROM D.C. METRO IS JUST A COUPLE BLOCKS AWAY ... AND FUTURE PURPLE LINE, TOO! THIS SPACIOUS CONDO WITH 9 FOOT CEILINGS FEATURES AN OPEN FLOOR PLAN, KITCHEN WITH AN ISLAND, STAINLESS STEEL APPLIANCES, SHAKER KITCHEN CABINETS, GLASS BACK-SPLASH, AND QUARTZ COUNTER-TOPS. FLOORS ARE ALL HARDWOOD WITH TILE IN BATHROOMS. FLOOR TO CEILING WINDOWS BRINGS THE SUNLIGHT IN. YOU'LL ALSO LOVE THE CONVENIENCE OF FULL SIZE WASHER/DRYER. CLOSETS OFFER GOOD SPACE WITH ONE WALK-IN CLOSE, THE OTHER CUSTOM BUILT. WHEN YOU ENTER THIS SECURED BUILDING, YOU ARE MET WITH A CONCIERGE AND A BEAUTIFUL STATE OF THE ART STYLISH LOBBY AREA WITH FIREPLACE, COUCHES, CHAIRS AND TABLES TO MEET UP WITH YOUR FRIENDS OR FAMILY. LOBBY ALSO HAS WORKSTATION AREAS TO PLUG-IN. BONUS -- A ROOFTOP-- ENJOY THE SCENERY. ENTERTAIN YOUR FRIENDS AT THE SKY LOUNGE WHICH HAS A TV AND FULL KITCHEN AREA WITH COUCHES AND CHAIRS. CONDO COMES WITH A STORAGE UNIT. LIKE TO WORKOUT? THERE IS A FITNESS CENTER AND A BIKE ROOM FOR YOUR CONVENIENCE. WELCOME HOME ..... YOU ARE GOING TO LOVE LIVING HERE!

Last Agent to Sell the Property

Deborah Davidson

(301) 509-8105 sellwithdeborah@gmail.com Samson Properties License #SP98371284 Listed on: 09/22/2020

Samson Properties

Last Buyer's Agent

Andy Rubin

(301) 385-1524 remaxandyrubin@gmail.com RE/MAX Realty Centre, Inc. License #653678

RE/MAX Realty Centre, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 2016

Lot Details

  • Downtown Location
  • Property is in excellent condition

HOA Fees

  • $552 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 744 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Window Treatments
  • Casement Windows
  • Combination Kitchen and Living
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors with lever handles
  • Energy-Efficient Appliances

Listing and Financial Details

  • Assessor Parcel Number 161303772445

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, lawn maintenance, management, trash, common area maintenance, water, reserve funds, snow removal
  • 2 Elevators
  • High-Rise Condominium
  • The Octave Condos
  • The Octave 1320 Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Community Center
  • Party Room

Recreation

Pet Policy

  • Dogs and Cats Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,756

Year Built

Built in 2016

Lot Details

0

HOA Fees

$552 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Doors - Lever Handle(s)
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-01
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 3
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Floor Plan - Open, Kitchen - Island, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors, Recessed Lighting
  • Window Features: Casement, Double Pane
  • Fireplace: No
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • 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: 516.13
  • 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: Combination
  • Spa: No
  • View: City
  • 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: 16.06
  • 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
  • Utilities: Natural Gas Available, Electric Available, Phone Available, Sewer Available, Water Available, Cable Tv Available, Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 552.32
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Extra Storage, Fitness Center, Party Room, Concierge
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Trash, Common Area Maintenance, Water, Reserve Funds, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 262500.00
  • Land Assessed Value: 112500.00
  • Outdoor Living Structures: Balcony, Roof
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 14125397
  • Tax Annual Amount: 3756.00
  • Assessor Parcel Number: 161303772445
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Mar 12, 2021
Sold by
Davidson Dana M
Bought by
Khoury Fouad
Seller's Agent
Deborah Davidson
Samson Properties
Buyer's Agent
Andy Rubin
RE/MAX Realty Centre, Inc.
List Price
$394,000
Sold Price
$380,000
Premium/Discount to List
-$14,000
-3.55%
Current Estimated Value
$363,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,766
Avg. Annual Appreciation
-0.95%
Original Mortgage
$344,770
Outstanding Balance
$310,099
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$53,135

Purchase Details

Closed on
Jul 15, 2016
Sold by
1320 Residences Llc
Bought by
Davidson Dana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,303
Interest Rate
3.54%
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
Khoury Fouad $380,000 First Title & Escrow Inc
Davidson Dana M $319,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khoury Fouad $344,770
Previous Owner Davidson Dana M $3,000
Previous Owner Davidson Dana M $310,303
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $380,000 -1.0% $511 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/05/2021 01/05/21 Price Changed $384,000 -2.5% $516 / Sq Ft
01/01/2021 01/01/21 For Sale $394,000 +3.7% $530 / Sq Ft
12/31/2020 12/31/20 Off Market $380,000 -- --
11/18/2020 11/18/20 Price Changed $394,000 -1.5% $530 / Sq Ft
10/12/2020 10/12/20 Price Changed $399,900 -4.1% $538 / Sq Ft
09/22/2020 09/22/20 For Sale $416,990 -- $560 / 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 $4,431 $350,000 $105,000 $245,000
2024 $4,431 $375,000 $112,500 $262,500
2023 $5,125 $375,000 $112,500 $262,500
2022 $3,558 $375,000 $112,500 $262,500
2021 $3,553 $375,000 $112,500 $262,500
2020 $3,310 $353,333 $0 $0
2019 $3,064 $331,667 $0 $0
2018 $2,826 $310,000 $93,000 $217,000
2017 $3,622 $310,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Davidson

    Seller's Agent in 2021

    Deborah Davidson

    Samson Properties

    (301) 509-8105

    1 in this area

    12 Total Sales

    Deborah Davidson
    Section Image
  • Andy Rubin

    Buyer's Agent in 2021

    Andy Rubin

    RE/MAX

    (301) 385-1524

    2 in this area

    96 Total Sales

    Andy Rubin
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC725266

Bright MLS

APN: 13-03772445

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 300, Silver Spring, MD

Not Listed for Sale

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