NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 400 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $373,000 - $452,000

2 Beds
2 Baths
771 Sq Ft
$427/mo HOA Fee

Last Sold October 04, 2018

Last sale price $387,500 $503 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,025/month

66 Days on Market

Highlights

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

About This Home

As of October 2018

One of the best units in the newest contemporary bldg in downtown Silver Spring! Great layout. Balcony w/view of green space & fountain, Unbelievable storage! Wood floors, quartz counters, ss appliances. Central a/c.Laundry in unit. On site rental pkg incl. Fantastic amenities-fitness ctr, roof deck, rooftop lounge, bike storage, pet friendly & 2 blocks to metro. NEW PRICE!

Last Listed By

Mandy Hursen

RLAH @properties License #SP98363675 Listed on: 05/09/2018

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,607

Year Built

  • Built in 1964

HOA Fees

  • $427 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 1 Level
  • Open Floorplan
  • Combination Kitchen and Living
  • Storage Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Woodlin Elementary School
  • Sligo Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161303772571

Community Details

Overview

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

Amenities

  • Concierge
  • Meeting Room
  • Party Room

Recreation

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,607

Year Built

Built in 1964

Lot Details

0

HOA Fees

$427 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: 2018-05-10
  • Year Built: 1964
  • Remarks Public: One of the best units in the newest contemporary bldg in downtown Silver Spring! Great layout. Balcony w/view of green space & fountain, Unbelievable storage! Wood floors, quartz counters, ss appliances. Central a/c.Laundry in unit. On site rental pkg incl. Fantastic amenities-fitness ctr, roof deck, rooftop lounge, bike storage, pet friendly & 2 blocks to metro. NEW PRICE!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Combination Kitchen/Living, Primary Bath(s), Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Kitchen, Laundry, Storage Room
  • Basement: No
  • Living Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1320

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
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: On-Site - Rent

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: 427.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Fitness Center, Meeting Room, Party Room, Security
  • HOA Condo Co-Op Fee Includes: Water, Trash, Snow Removal, Sewer, Reserve Funds, Insurance, Management, Lawn Maintenance, Ext Bldg Maint, Custodial Services Maintenance
  • HOA Condo Co-Op Rules: Pets - Allowed
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: WOODLIN
  • Middle School: SLIGO
  • School District Key: 121138126809
  • Elementary School: WOODLIN
  • Middle Or Junior School: SLIGO

Lot Info

  • Improvement Assessed Value: 224000.00
  • Land Assessed Value: 96000.00
  • Property Condition: Very Good
  • Year Assessed: 2018

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14125389
  • Assessor Parcel Number: 161303772571
  • Tax Total Finished Sq Ft: 771
  • County Tax Payment Frequency: Annually
  • Close Date: 10/04/2018

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Oct 4, 2018
Sold by
Bowers Clint and Bowers Stephanie
Bought by
Storms Karen A
Seller's Agent
Mandy Hursen
RLAH @properties
Buyer's Agent
Andrew Eisel
Century 21 Redwood Realty
List Price
$425,000
Sold Price
$387,500
Premium/Discount to List
-$37,500
-8.82%
Total Days on Market
66
Current Estimated Value
$399,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,777
Avg. Annual Appreciation
-0.04%
Original Mortgage
$329,375
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2016
Sold by
1320 Residences Llc
Bought by
Bowers Clint and Bowers Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,650
Interest Rate
3.66%
Mortgage Type
New Conventional

Range of Values:

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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
Storms Karen A $387,500 Hutton Patt Title & Escrow L
Bowers Clint $334,400 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Storms Karen A $325,000
Closed Storms Karen A $330,000
Closed Storms Karen A $329,375
Previous Owner Bowers Clint $317,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2018 10/04/18 Sold $387,500 -5.5% $503 / Sq Ft
07/15/2018 07/15/18 Pending -- -- --
06/09/2018 06/09/18 Price Changed $409,900 -3.6% $532 / Sq Ft
05/09/2018 05/09/18 For Sale $425,000 -- $551 / 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
2024 $4,607 $390,000 $117,000 $273,000
2023 $3,898 $388,333 $0 $0
2022 $3,689 $386,667 $0 $0
2021 $7,332 $385,000 $115,500 $269,500
2020 $6,354 $363,333 $0 $0
2019 $3,177 $341,667 $0 $0
2018 $2,939 $320,000 $96,000 $224,000
2017 $3,736 $320,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mandy Hursen

    Seller's Agent in 2018

    Mandy Hursen

    Real Living at Home

    (240) 476-9959

    1 in this area

    174 Total Sales

    Mandy Hursen
    Section Image
  • Andrew Eisel

    Buyer's Agent in 2018

    Andrew Eisel

    Century 21 Redwood Realty

    (301) 437-9943

    13 Total Sales

    Andrew Eisel
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: 1000671154

Bright MLS

APN: 13-03772571

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 400, Silver Spring, MD

Homes for Sale in Silver Spring, MD

This home is located at 1320 Fenwick Ln Unit 400, Silver Spring, MD 20910 since 09 May 2018 and is currently estimated at $399,277, approximately $517 per square foot. This property was built in 1964. 1320 Fenwick Ln Unit 400 is a home located in Montgomery County with nearby schools including Woodlin Elementary School, Sligo Middle School, and Albert Einstein High School.

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