NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 5 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $257,698

1 Bed
1 Bath
500 Sq Ft
1964 Built

Sale Details

Date Sold: September 25, 2020

Last sale price $262,000 $524 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,998 / mo

2 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Forced Air Heating and Cooling System
  • Woodlin Elementary School Rated A-
  • Party Room
  • Community Storage Space

About This Home

As of September 2020

Urban Living that's an IDEAL set up for posh pandemic living too! No need to wait for an empty elevator here & squeeze in with others... just one short flight of steps from the building door to your door. HUGE, VERY PRIVATE PATIO that boasts plenty of space to safely entertain or enjoy a cup of coffee in your PJs. Beautiful, luxurious finishes throughout this turn-key home that offers just the right amount of space, in all the right places & an awesome layout. Plenty of storage here too. There's even a full-size in-unit washer and dryer. VERY LIGHTLY LIVED IN & CLEAN home ready for you to move right in to enjoy today and tomorrow with all that's simply steps from your new home in downtown Silver Spring. Easy parking next door in an affordable county parking lot that offers monthly parking rental and tons of parking for guests. Silver Spring METRO ONE BLOCK AWAY as well as just about everything else you could need or want within blocks. The Octave offers a concierge, additional storage, secure bike storage, a gym on the same floor as this unit, an AMAZING rooftop SKY LOUNGE with space for parties indoors, and an open outdoor lounge space with an impressive view. Don't wait to see this one... it'll be gone!

Last Agent to Sell the Property

Amanda Crowley-Lasko

(301) 516-1212 amanda.lasko@elliman.com TTR Sotheby's International Realty Listed on: 08/28/2020

TTR Sotheby's International Realty

Last Buyer's Agent

Simone Velvel

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC

Real Broker, LLC

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,535

Year Built

  • Built in 1964

HOA Fees

  • $368 Monthly HOA Fees

Interior Spaces

  • 500 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 161303772228

Community Details

Overview

  • Association fees include water
  • High-Rise Community
  • The Octave Community
  • Downtown Silver Spring Subdivision

Amenities

  • Concierge
  • Party Room

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,535

Year Built

Built in 1964

HOA Fees

$368 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-08-28
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Washer, Dryer, Disposal, Oven/Range - Gas, Refrigerator
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 500
  • Living Area Sq Ft: 500
  • Price Per Sq Ft: 509.80
  • Above Grade Finished Sq Ft: 500
  • 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
  • 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: On Street

Utilities

  • Refuse: 16.06
  • 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
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 367.97
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Party Room, Concierge, Extra Storage, Exercise Room, Fitness Center
  • HOA Condo Co-Op Fee Includes: Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 175000.00
  • Land Assessed Value: 75000.00
  • Zoning: U
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14125554
  • Tax Annual Amount: 2535.00
  • Assessor Parcel Number: 161303772228
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Sep 25, 2020
Sold by
Maru Hiwot K
Bought by
Seller's Agent
Amanda Crowley-Lasko
TTR Sotheby's International Realty
Buyer's Agent
Simone Velvel
Real Broker, LLC
List Price
$254,900
Sold Price
$262,000
Premium/Discount to List
$7,100
2.79%
Current Estimated Value
$257,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,302
Avg. Annual Appreciation
-0.28%
Original Mortgage
$245,157
Outstanding Balance
$212,098
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$45,600

Purchase Details

Closed on
May 18, 2016
Sold by
1320 Residences Llc
Bought by
Maru Hiwot K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
3.59%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Silver Spring, MD

  • Troy Patterson Real Estate Agent - TTR Sotheby's International Realty

    Troy Patterson

    Responds Quickly

    TTR Sotheby's International Realty

    (202) 952-4507

    68 Total Sales

    1 in Downtown Silver Spring

    $290,000 Price

    Troy Patterson
     Section Image
  • Suzanne Parmet Real Estate Agent - Compass

    Suzanne Parmet

    Compass

    (202) 902-8519

    84 Total Sales

    1 in Downtown Silver Spring

    $500,000 Price

    Suzanne Parmet
     Section Image
  • Karen Kennard Real Estate Agent - EXP Realty, LLC

    Karen Kennard

    EXP Realty, LLC

    (469) 599-4639

    47 Total Sales

    1 in Downtown Silver Spring

    $350,000 Price

    Karen Kennard
     Section Image
  • David Goldberg Real Estate Agent - Goldberg Group Real Estate

    David Goldberg

    Goldberg Group Real Estate

    (202) 791-4607

    107 Total Sales

    1 in Downtown Silver Spring

    $334,000 Price

    David Goldberg
     Section Image
  • Russell Carter Real Estate Agent - Keller Williams Capital Properties

    Russell Carter

    Keller Williams Capital Properties

    (202) 856-9138

    182 Total Sales

    2 in Downtown Silver Spring

    $315K - $540K Price Range

    Russell Carter
     Section Image
  • John Peters Real Estate Agent - Compass

    John Peters

    Compass

    (877) 813-1859

    60 Total Sales

    1 in Downtown Silver Spring

    $315,000 Price

    John Peters
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$262,000 Harvest Title & Escrow Llc
Maru Hiwot K $214,900 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $245,157
Previous Owner Maru Hiwot K $145,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/25/2020 09/25/20 Sold $262,000 +2.8% $524 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $254,900 -- $510 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,105 $235,000 $70,500 $164,500
2024 $2,962 $250,000 $75,000 $175,000
2023 $2,271 $250,000 $75,000 $175,000
2022 $2,148 $250,000 $75,000 $175,000
2021 $2,145 $250,000 $75,000 $175,000
2020 $2,687 $236,667 $0 $0
2019 $2,536 $223,333 $0 $0
2018 $1,698 $210,000 $63,000 $147,000
2017 $2,473 $210,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amanda Crowley-Lasko Real Estate Agent - TTR Sotheby's International Realty

    Seller's Agent in 2020

    Amanda Crowley-Lasko

    TTR Sotheby's International Realty

    (202) 255-7996

    76 Total Sales

    Amanda Crowley-Lasko
    Section Image
  • Simone Velvel Real Estate Agent - Real Broker, LLC

    Buyer's Agent in 2020

    Simone Velvel

    Real Broker, LLC

    (703) 507-7614

    1 in this area

    57 Total Sales

    Simone Velvel
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC723022

Bright MLS

APN: 13-03772228

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 5, Silver Spring, MD

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