NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 302 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $360,000 - $419,000

2 Beds
2 Baths
850 Sq Ft
2016 Built

Last Sold July 09, 2021

Last sale price $398,000 $468 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,426/month

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 May 2022

Spectacular furnished condo ideally situated just blocks to the Silver Spring Metro Station. Built in 2016, this 2BR/2BA features dramatic 2 sides of floor-to-ceiling windows, quartz countertops, wood floors & full size w/d in unit. Furnishings include a king size mattress in the owner's suite, night stands, 2 sofas, coffee table, tv and stand, dining table with chairs, queen size mattress in the 2nd bedroom, desk and chair. (Linens and throw pillows are not included) Enjoy the western exposure for sunsets and convenience to shopping, dining, and entertainment all at your doorstep. Highly amenitized building with contemporary finishes, lobby/club room with fireplace, fitness room, sky lounge, roof terrace, bike storage room, and concierge. Includes separate storage space.

Last Agent to Rent the Property

Andrea Alderdice

(301) 466-5898 andy4homes@gmail.com Long & Foster Real Estate, Inc. License #508237 Listed on: 05/13/2022

Long & Foster Real Estate, Inc.

Last Renter's Agent

Damian Buckley

(202) 438-6080 damian@thebuckleygroup.com Compass License #0225067852

Compass

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2016

Lot Details

  • Property is in very good condition

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Cool or White Roof
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 850 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Recessed Lighting
  • Window Treatments
  • Sliding Doors
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Exterior Cameras

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

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

Parking

  • Off-Site Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Doors are 32 inches wide or more
  • Level Entry For Accessibility

Eco-Friendly Details

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

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,400
  • $300 Move-In Fee
  • Tenant pays for electricity, gas, heat
  • The owner pays for association fees, water, trash collection, snow removal, sewer
  • Rent includes additional storage space, hoa/condo fee, HVAC maint, sewer, trash removal, water, furnished
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 5/13/22
  • $55 Application Fee
  • Assessor Parcel Number 161303772467

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, trash, snow removal, management, exterior building maintenance, common area maintenance
  • 102 Units
  • Mid-Rise Condominium
  • The Octave 1320 Condominiums, Phone Number (301) 378-8139
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Date Available: 2022-05-13
  • Application Fee: 55.00
  • Furnished: Yes
  • Owner Pays: Association Fees, Water, Trash Collection, Snow Removal, Sewer
  • Pets Allowed: No
  • Rent Includes: Additional Storage Space, Hoa/Condo Fee, Hvac Maint, Sewer, Trash Removal, Water, Furnished
  • Security Deposit: 2400.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Gas, Heat
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 300.00
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator, Doors - Lever Handle(s), Level Entry - Main, 32"+ Wide Doors
  • Inclusions: Storage Included In ListPrice, Storage Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-05-13
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Washer - Front Loading, Built-In Microwave, Stainless Steel Appliances
  • Entry Floor: 3
  • Flooring Type: Wood
  • Interior Amenities: Combination Kitchen/Dining, Primary Bath(s), Entry Level Bedroom, Wood Floors, Floor Plan - Open, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Window Treatments
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 850
  • Living Area Sq Ft: 850
  • Price Per Sq Ft: 2.82
  • Above Grade Finished Sq Ft: 850
  • 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, Aluminum Siding, Stone
  • Roof: Cool/White
  • View: City
  • 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

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Fire Detection System, Main Entrance Lock, Sprinkler System - Indoor, Smoke Detector, Carbon Monoxide Detector(s), Exterior Cameras, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave 1320 Condominiums
  • 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: Water, Sewer, Trash, Snow Removal, Management, Ext Bldg Maint, Common Area Maintenance
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Lighting, Appliances

Lot Info

  • Horses: No
  • Outdoor Living Structures: Roof
  • Property Condition: Very Good
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14
  • In City Limits: No

Tax Info

  • Assessor Parcel Number: 14125961
  • Assessor Parcel Number: 161303772467

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 8, 2021
Sold by
Sunnam Sriram and Chittimoju Sanjita B
Bought by
Taylor Brandon L
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Chukwuemeka Mokwunye
Compass
List Price
$395,000
Sold Price
$398,000
Premium/Discount to List
$3,000
0.76%
Current Estimated Value
$391,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,228
Avg. Annual Appreciation
-0.35%
Original Mortgage
$412,328
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Closed on
May 19, 2016
Sold by
1320 Residences Llc
Bought by
Sunnam Sriram and Chittimoju Sanjita B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,910
Interest Rate
3.59%
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
Taylor Brandon L $398,000 Gpn Title Inc
Sunnam Sriram $359,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Brandon L $412,328
Previous Owner Sunnam Sriram $323,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2022 05/23/22 Rented $2,400 0.0% --
05/13/2022 05/13/22 For Rent $2,400 0.0% --
07/09/2021 07/09/21 Sold $398,000 +0.8% $468 / Sq Ft View Prior Sale
06/14/2021 06/14/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $395,000 -- $465 / 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 $4,701 $405,333 -- --
2024 $4,701 $398,000 $119,400 $278,600
2023 $4,703 $398,000 $119,400 $278,600
2022 $4,509 $398,000 $119,400 $278,600
2020 $9,357 $413,333 $0 $0
2019 $4,320 $381,667 $0 $0
2018 $3,278 $350,000 $105,000 $245,000
2017 $4,081 $350,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Alderdice

    Landlord's Agent in 2022

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    19 in this area

    96 Total Sales

    Andrea Alderdice
    Section Image
  • Damian Buckley

    Tenant's Agent in 2022

    Damian Buckley

    Compass

    (202) 438-6080

    60 Total Sales

    Damian Buckley
    Section Image
  • Chukwuemeka Mokwunye

    Buyer's Agent in 2021

    Chukwuemeka Mokwunye

    Compass

    (202) 415-0271

    1 in this area

    26 Total Sales

    Chukwuemeka Mokwunye
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2050804

Bright MLS

APN: 13-03772467

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 302, Silver Spring, MD

Not Listed for Sale

Condos

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