NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 301 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $371,000 - $392,000

2 Beds
2 Baths
804 Sq Ft
$767/mo HOA Fee

Last Sold August 10, 2023

Last sale price $399,000 $496 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,197/month

53 Days on Market

Highlights

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

About This Home

As of August 2023

Spectacular in Silver Spring! This incredibly open, spacious, and bright 2 bedroom, 2 full bath condo in The Octave has it all! Ideally located only steps from the Metro, this pet-friendly corner unit boasts incredible floor-to-ceiling windows, a sleek, contemporary kitchen with quartz countertops & stainless steel appliances, wood floors throughout, and an in-unit washer and dryer. Amenities galore include professional concierge, fabulous roof deck with amazing skyline views, sky lounge, fitness center, bike room, and extra storage! Easily walkable to Woodside Urban Park, Whole Foods, restaurants, farmers' market, & record stores, with monthly parking available for rent at the neighboring public garage.

Last Agent to Sell the Property

Richard Newcomb

(240) 672-5008 richard.newcomb@wfp.com Washington Fine Properties Listed on: 06/01/2023

Washington Fine Properties

Last Buyer's Agent

Nurit Coombe

(202) 318-3428 nurit@teamnurit.com The Agency DC License #533175

The Agency DC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,832

Year Built

  • Built in 2016

HOA Fees

  • $767 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Metal Siding
  • Stone Siding

Interior Spaces

  • 804 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Combination Dining and Living Room
  • Engineered Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Front Loading Dryer
  • Front Loading Washer

Home Security

  • Home Security System
  • Exterior Cameras

Parking

  • Off-Site Parking
  • Rented or Permit Required

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Accessible Elevator Installed
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 161303772456

Community Details

Overview

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

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

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

Security

  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,832

Year Built

Built in 2016

Lot Details

0

HOA Fees

$767 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
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-06-02
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Oven/Range - Gas, Dishwasher, Disposal, Washer - Front Loading, Dryer - Front Loading
  • Entry Floor: 3
  • Flooring Type: Engineered Wood
  • Interior Amenities: Floor Plan - Open, Combination Dining/Living, Kitchen - Gourmet, Upgraded Countertops, Primary Bath(s), Tub Shower, Window Treatments, Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 804
  • Living Area Sq Ft: 804
  • Price Per Sq Ft: 496.89
  • Above Grade Finished Sq Ft: 804
  • 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: Glass, Brick, Stone, Metal Siding
  • 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

  • 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
  • Security: Security System, Main Entrance Lock, Desk In Lobby, Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 767.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave 1320 Condominiums
  • HOA Condo Co-Op Amenities: Concierge, Fitness Center, Party Room, Extra Storage, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Trash, Sewer, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Appliances, Lighting

Lot Info

  • Outdoor Living Structures: Roof, Deck(s)
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14
  • In City Limits: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 4832.00
  • Assessor Parcel Number: 161303772456
  • 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
Jun 1, 2023
Closed on
Aug 10, 2023
Sold by
Colvin Crista M
Bought by
Akotonou Ep Edou Debora Zinwh and Edou Raphael
Seller's Agent
Richard Newcomb
Washington Fine Properties
Buyer's Agent
Nurit Coombe
The Agency DC
List Price
$408,000
Sold Price
$399,000
Premium/Discount to List
-$9,000
-2.21%
Views
209
Current Estimated Value
$381,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,829
Avg. Annual Appreciation
-1.97%
Original Mortgage
$387,030
Outstanding Balance
$378,162
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$3,009

Purchase Details

Closed on
May 13, 2016
Sold by
1320 Residences Llc
Bought by
Colvin Crista M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,920
Interest Rate
3.58%
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
Akotonou Ep Edou Debora Zinwh $399,000 Stewart Title Guaranty Company
Colvin Crista M $339,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akotonou Ep Edou Debora Zinwh $387,030
Previous Owner Colvin Crista M $271,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2023 08/10/23 Sold $399,000 -0.1% $496 / Sq Ft
07/20/2023 07/20/23 Price Changed $399,500 -2.1% $497 / Sq Ft
06/01/2023 06/01/23 For Sale $408,000 -- $507 / 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 $5,077 $360,000 $108,000 $252,000
2024 $5,077 $430,000 $129,000 $301,000
2023 $4,368 $428,333 $0 $0
2022 $3,439 $426,667 $0 $0
2021 $4,117 $425,000 $127,500 $297,500
2020 $16 $393,333 $0 $0
2019 $3,402 $361,667 $0 $0
2018 $1,823 $330,000 $99,000 $231,000
2017 $3,851 $330,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Newcomb

    Seller's Agent in 2023

    Richard Newcomb

    Washington Fine Properties

    (240) 672-5008

    1 in this area

    49 Total Sales

    Richard Newcomb
    Section Image
  • Nurit Coombe

    Buyer's Agent in 2023

    Nurit Coombe

    The Agency DC

    (202) 318-3428

    1 in this area

    731 Total Sales

    Nurit Coombe
    Section Image
  • Mr. Amar

    Buyer Co-Listing Agent in 2023

    Mr. Amar

    Compass

    (240) 643-1417

    1 in this area

    85 Total Sales

    Mr. Amar
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2094676

Bright MLS

APN: 13-03772456

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 301, Silver Spring, MD

Not Listed for Sale

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