NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 303 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $244,000 - $295,000

1 Bed
1 Bath
483 Sq Ft
$357/mo HOA Fee

Last Sold February 08, 2022

Last sale price $249,900 $517 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,968/month

68 Days on Market

Highlights

  • Fitness Center
  • Colonial Architecture
  • Central Heating and Cooling System
  • Woodlin Elementary School Rated A-
  • Party Room
  • 4-minute walk to Woodside Urban Park

About This Home

As of February 2022

Wonderful find in The Octave Condominium, one of Downtown Silver Spring's most desirable buildings! This gorgeous building was completely renovated and converted in 2015/2016 and provides loads of modern features and amenities. You'll love the modern and trendy decor along with a terrific fitness room, roof top lounge and exterior terrace deck, bicycle storage room, additional storage room & more! This junior 1BR unit includes many upgrades including engineered hardwoods throughout, 42" kitchen cabinets, quartz kitchen and bath counter tops, stainless steel appliances, glass tile backsplash, designer bath tile, 9 foot ceilings, desirable shaker style moldings and doors, and a washer/dryer in the unit! Enjoy the western exposure from the living room balcony! This unit also comes with a coveted private parking space in the lot next to the building at a cost of $110 per month (not associated with the condo association)! All this plus the incredible location within a short walk to the Metro, movies, the world renown Fillmore Concert Hall, shops, spectacular restaurants, breweries, entertainment & so much more! Don't miss out!

Last Agent to Sell the Property

Corey Savelson

(301) 602-7073 csavelson@lnf.com Long & Foster Real Estate, Inc. License #304278 Listed on: 10/28/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Erin Jones

(703) 249-9833 erinkjones@kw.com KW Metro Center License #SP98379874

KW Metro Center

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,893

Year Built

  • Built in 1964 | Remodeled in 2016

HOA Fees

  • $357 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 483 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • Private Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303772478

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, reserve funds, sewer, snow removal, trash, water
  • High-Rise Condominium
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision

Amenities

  • Party Room

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,893

Year Built

Built in 1964 | Remodeled in 2016

Lot Details

0

HOA Fees

$357 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Colonial
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1964
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 483
  • Living Area Sq Ft: 483
  • Price Per Sq Ft: 517.39
  • Above Grade Finished Sq Ft: 483
  • 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: Brick, Combination, Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Private, Rented/Permit Required

Utilities

  • Refuse: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 357.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Extra Storage, Fitness Center, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 178500.00
  • Land Assessed Value: 76500.00
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

  • Pets: Size/Weight Restriction, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14125106
  • Tax Annual Amount: 2893.00
  • Assessor Parcel Number: 161303772478
  • 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

Closed on
Jun 6, 2016
Sold by
1320 Residences Llc
Bought by
Kovalcik Anna T
Current Estimated Value
$258,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,910
Outstanding Balance
$150,547
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$107,542
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kovalcik Anna T $209,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kovalcik Anna T $188,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2022 02/08/22 Sold $249,900 0.0% $517 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
11/09/2021 11/09/21 Price Changed $249,900 -3.9% $517 / Sq Ft
10/28/2021 10/28/21 For Sale $260,000 -- $538 / 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 $3,021 $240,000 $72,000 $168,000
2024 $3,021 $255,000 $76,500 $178,500
2023 $2,329 $255,000 $76,500 $178,500
2022 $2,205 $255,000 $76,500 $178,500
2021 $2,202 $255,000 $76,500 $178,500
2020 $2,052 $241,667 $0 $0
2019 $1,900 $228,333 $0 $0
2018 $1,754 $215,000 $64,500 $150,500
2017 $2,530 $215,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Savelson

    Seller's Agent in 2022

    Corey Savelson

    Long & Foster

    (301) 602-7073

    1 in this area

    147 Total Sales

    Corey Savelson
    Section Image
  • Erin Jones

    Buyer's Agent in 2022

    Erin Jones

    KW Metro Center

    (703) 249-9833

    1 in this area

    401 Total Sales

    Erin Jones
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2020962

Bright MLS

APN: 13-03772478

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 303, Silver Spring, MD

Not Listed for Sale

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