RENTED MAR 15, 2025

Octave 1320 1320 Fenwick Ln Unit 406 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $242,000 - $278,000

1 Bed
1 Bath
460 Sq Ft
2016 Built

Last Sold July 26, 2023

Last sale price $251,500 $547 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,590/month

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 March 2025

This modern 1-bedroom, 1-bathroom rental condo offers 460 square feet of beautifully designed living space. Built in 2016, the unit features wood flooring, quartz countertops, in-unit washer and dryer, balcony, and sleek stainless steel appliances. The location is unbeatable, just steps from the Silver Spring Metro Red Line and the upcoming Purple Line, making commuting a breeze. You'll also be only two blocks from the new Mom's Organic Market and directly across the street from the new Montgomery County Aquatic & Recreation Center, which boasts pickleball courts, three pools, hot tubs, and free fitness facilities through 2024. Additionally, you're just one block from Woodside Park, offering tennis courts, a basketball court, a playground, and picnic areas. Building amenities include a lobby/club room with a fireplace and free Wi-Fi, concierge services, a fitness room, separate bike storage, a sky lounge, and a roof deck with stunning western views of downtown Bethesda, the spires of the Mormon Temple, and breathtaking sunsets. An extra storage unit is included for added convenience. Don't miss out on this incredible rental opportunity! Vouchers welcome.

Last Agent to Rent the Property

Andrea Alderdice

(301) 466-5898 andy4homes@gmail.com Long & Foster Real Estate, Inc. License #508237 Listed on: 02/13/2025

Long & Foster Real Estate, Inc.

Last Renter's Agent

Carol Strasfeld

(301) 806-8871 carolstrasfeld@gmail.com Unrepresented Buyer Office

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,021

Year Built

  • Built in 2016

Lot Details

  • Sprinkler System
  • Property is in very good condition

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor
  • Brick Exterior Construction
  • Cool or White Roof
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 460 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Sliding Doors
  • Combination Kitchen and Living
  • Wood Flooring
  • Exterior Cameras

Kitchen

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

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with 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 HVAC
  • Energy-Efficient Lighting

Outdoor Features

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,725
  • $300 Move-In Fee
  • Tenant pays for electricity, gas, heat, cable TV
  • The owner pays for association fees, common area maintenance, management, snow removal, trash collection, water
  • Rent includes HVAC maint, hoa/condo fee, common area maintenance, additional storage space, party room, sewer, snow removal, trash removal, water
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 2/13/25
  • $55 Application Fee
  • Assessor Parcel Number 161303772638

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, snow removal, trash, management, common area maintenance
  • 102 Units
  • Mid-Rise Condominium
  • Octave 1320 Condominiums
  • 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

Est. Annual Taxes

$3,021

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Date Available: 2025-02-13
  • Application Fee: 55.00
  • Owner Pays: Association Fees, Common Area Maintenance, Management, Snow Removal, Trash Collection, Water
  • Pets Allowed: No
  • Rent Includes: Hvac Maint, Hoa/Condo Fee, Common Area Maintenance, Additional Storage Space, Party Room, Sewer, Snow Removal, Trash Removal, Water
  • Security Deposit: 1725.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Gas, Heat, Cable Tv
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 24
  • 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: 32"+ Wide Doors, Elevator, Doors - Lever Handle(s), Level Entry - Main
  • Inclusions: Storage included in List Price, Storage included in Sale Price
  • New Construction: No
  • Story List: Main
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer, Dryer
  • Entry Floor: 4
  • Flooring Type: Wood
  • Interior Amenities: Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Wood Floors, Upgraded Countertops, Sprinkler System, Bathroom - Tub Shower
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Has Laundry
  • Total Sq Ft: 460
  • Living Area Sq Ft: 460
  • Price Per Sq Ft: 3.59
  • Above Grade Finished Sq Ft: 460
  • 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, Aluminum Siding, Stone
  • Roof: Cool/White
  • 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: Carbon Monoxide Detector(s), Desk In Lobby, Fire Detection System, Main Entrance Lock, Resident Manager, Sprinkler System - Indoor, Smoke Detector, Exterior Cameras
  • 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: Octave 1320 Condominiums
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Party Room, Extra Storage
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Snow Removal, Trash, Management, Common Area Maintenance
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Lighting

Lot Info

  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14

Tax Info

  • Assessor Parcel Number: 161303772638

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 26, 2023
Sold by
Schneider Lauren
Bought by
Dobrin Calvin
Seller's Agent
Nathan Dart
RE/MAX Realty Group
Buyer's Agent
Illia Schwarz
Compass
List Price
$250,000
Sold Price
$251,500
Premium/Discount to List
$1,500
0.6%
Views
66
Current Estimated Value
$254,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,609
Avg. Annual Appreciation
0.44%

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 31, 2019
Sold by
Donovan Mark
Bought by
Schneider Lauren
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Nathan Dart
RE/MAX Realty Group
List Price
$257,500
Sold Price
$251,250
Premium/Discount to List
-$6,250
-2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.02%
Original Mortgage
$243,712
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2016
Sold by
1320 Residences Llc
Bought by
Donovan Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.57%
Mortgage Type
Commercial
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
Dobrin Calvin $251,500 Metro Title Partners Llc
Dobrin Calvin $251,500 Metro Title Partners Llc
Schneider Lauren $251,250 Hollman & Flynn Title
Donovan Mark $226,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Lauren $243,712
Previous Owner Donovan Mark $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2025 03/15/25 Rented $1,650 0.0% --
02/28/2025 02/28/25 Under Contract -- -- --
02/13/2025 02/13/25 For Rent $1,650 0.0% --
07/26/2023 07/26/23 Sold $251,500 +0.6% $547 / Sq Ft View Prior Sale
06/28/2023 06/28/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $250,000 -0.5% $543 / Sq Ft
05/31/2019 05/31/19 Sold $251,250 -2.4% $546 / Sq Ft View Prior Sale
04/20/2019 04/20/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $257,500 -- $560 / 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 $245,000 $73,500 $171,500
2024 $3,021 $255,000 $76,500 $178,500
2023 $1,165 $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 $2,592 $228,333 $0 $0
2018 $2,446 $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

  • Andrea Alderdice

    Landlord's Agent in 2025

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    20 in this area

    96 Total Sales

    Andrea Alderdice
    Section Image
  • Carol Strasfeld

    Tenant's Agent in 2025

    Carol Strasfeld

    Unrepresented Buyer Office

    (301) 806-8871

    3 in this area

    8,353 Total Sales

    Carol Strasfeld
    Section Image
  • Nathan Dart

    Seller's Agent in 2023

    Nathan Dart

    Remax Realty Group

    (301) 461-0693

    2 in this area

    513 Total Sales

    Nathan Dart
    Section Image
  • Stuart Kafetz

    Seller Co-Listing Agent in 2023

    Stuart Kafetz

    Real Broker, LLC

    (301) 977-2800

    1 in this area

    67 Total Sales

    Stuart Kafetz
    Section Image
  • Illia Schwarz

    Buyer's Agent in 2023

    Illia Schwarz

    Compass

    (202) 841-7789

    1 in this area

    31 Total Sales

    Illia Schwarz
    Section Image
  • Rebecca Weiner

    Buyer Co-Listing Agent in 2023

    Rebecca Weiner

    Compass

    (202) 213-3314

    1 in this area

    398 Total Sales

    Rebecca Weiner
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2166076

Bright MLS

APN: 13-03772638

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 406, Silver Spring, MD

Not Listed for Sale

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