$255,000
SOLD APR 10, 2025
1 Bed
1 Bath
549 Sq Ft
$557/mo HOA Fee

Recently Sold

$464 Per Sq Ft

2% Below List Price

252 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • City View
  • Woodlin Elementary School Rated A-
  • 24-Hour Security
  • 4-minute walk to Woodside Urban Park

About This Home

As of April 2025

New Year! New Home! This beautiful one-bedroom and one full-bathroom condo has everything you want in Silver Spring, and it is close to the downtown and Silver Spring Metro station. It's only a year young condo, fairly new. The unit has a balcony and laundry in your unit and many more amenities. You will love the urban life.

Last Agent to Sell the Property

Helen Han

(301) 385-3570 helenhan29@gmail.com REMAX Platinum Realty License #517163 Listed on: 07/08/2024

REMAX Platinum Realty

Last Buyer's Agent

Jenn Schneider

(410) 802-1190 jenn.schneider@nacared.com Neighborhood Assistance Corporation of America License #657256-MD

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 2016

Lot Details

  • Property is in excellent condition

HOA Fees

  • $557 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 549 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Sliding Doors
  • Living Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Doors are 32 inches wide or more

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303772560

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, reserve funds, sewer, trash, water, snow removal
  • 102 Units
  • Mid-Rise Condominium
  • Octave 1320 Condos
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room
  • 2 Elevators

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,256

Year Built

Built in 2016

Lot Details

0

HOA Fees

$557 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, 32"+ Wide Doors, Doors - Lever Handle(s)
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Balcony. Storage Included.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: New Year! New Home! This beautiful one-bedroom and one full-bathroom condo has everything you want in Silver Spring, and it is close to the downtown and Silver Spring Metro station. It's only a year young condo, fairly new. The unit has a balcony and laundry in your unit and many more amenities. You will love the urban life.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Washer/Dryer Stacked, Oven/Range - Gas
  • Entry Floor: 3
  • Flooring Type: Wood
  • Interior Amenities: Floor Plan - Open, Wood Floors
  • Fireplace: No
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Bedroom 1, Full Bath
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 549
  • Living Area Sq Ft: 549
  • Price Per Sq Ft: 464.30
  • Above Grade Finished Sq Ft: 549
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1320

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: Combination, Brick, Stone, Aluminum Siding
  • Exterior Features: Exterior Lighting, Street Lights, Secure Storage
  • 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: 17.29
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Natural Gas, Central
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Desk In Lobby
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 556.69
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: OCTAVE 1320
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Extra Storage, Party Room, Fitness Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Reserve Funds, Sewer, Trash, Water, Snow Removal
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Land Use Code: U
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: 011
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: Yes
  • Pets: Dogs Ok, Cats Ok, Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3256.00
  • Assessor Parcel Number: 161303772560
  • Tax Total Finished Sq Ft: 549
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 04/10/2025

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Apr 10, 2025
Sold by
Hoang Kathleen T
Bought by
Collins Casey
Seller's Agent
Helen Han
REMAX Platinum Realty
Buyer's Agent
Jenn Schneider
Neighborhood Assistance Corporation of America
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%
Views
304
Current Estimated Value
$249,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,136
Avg. Annual Appreciation
-4.15%
Original Mortgage
$247,350
Outstanding Balance
$246,275
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$3,589

Purchase Details

Closed on
Aug 5, 2016
Sold by
1320 Residences Llc
Bought by
Hoang Kathleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
3.41%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $255,000 None Listed On Document
Deed $255,000 None Listed On Document
Deed $252,500 Closeline Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,350 New Conventional
Closed $247,350 New Conventional
Previous Owner $202,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Sold $255,000 0.0% $464 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
11/01/2024 11/01/24 Price Changed $254,900 -1.9% $464 / Sq Ft
07/08/2024 07/08/24 For Sale $259,900 -- $473 / 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 $3,256 $220,000 $66,000 $154,000
2024 $3,256 $275,000 $82,500 $192,500
2023 $3,949 $275,000 $82,500 $192,500
2022 $2,217 $275,000 $82,500 $192,500
2021 $2,483 $280,000 $84,000 $196,000
2020 $16 $266,667 $0 $0
2019 $2,182 $253,333 $0 $0
2018 $2,036 $240,000 $72,000 $168,000
2017 $2,817 $240,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2138322

Bright MLS

APN: 13-03772560