NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 500 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $374,180

2 Beds
2 Baths
744 Sq Ft
2016 Built

Sale Details

Date Sold: June 24, 2019

Last sale price $370,000 $497 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,953 / mo

5 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Central Air
  • Woodlin Elementary School Rated A-
  • Contemporary Architecture
  • Dogs and Cats Allowed

About This Home

As of June 2019

Experience one of the most stylish, contemporary residences that Silver Spring has to offer! Ideally located just blocks from the Metro and all of the ideal downtown advantages and countless conveniences. Built in 2016, this like new 2 Bedroom | 2 full Bathroom condominium boasts quartz kitchen countertops, espresso wood floors, washer/dryer units, spacious closets, and a lovely balcony overlooking serene green space views. The Octave is home to unparalleled amenities including a concierge, lobby conference spaces, roof terrace, sky lounge reception space, bike room with additional storage units and private parking available for a low fee upon request. This building is also extremely pet friendly!

Last Agent to Sell the Property

Toby Lim

(703) 310-6111 toby.lim@compass.com Compass License #0225218653 Listed on: 05/18/2019

Compass

Co-Listed By

David Lonis

(703) 310-6111 dlonis@kw.com Compass

Last Buyer's Agent

Gail Milazzo

(202) 966-1400 gail.milazzo@lnf.com Long & Foster Real Estate, Inc. License #SP98358030

Long & Foster Real Estate, Inc.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 2016

HOA Fees

  • $516 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture

Interior Spaces

  • 744 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Air
  • Heat Pump System
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 161303772707

Community Details

Overview

  • Association fees include management, exterior building maintenance, trash, water
  • Mid-Rise Community
  • The Octave Condos
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge

Recreation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,744

Year Built

Built in 2016

HOA Fees

$516 per month

Listing Details

  • Standard Status: Closed
  • 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: 2019-05-18
  • Year Built: 2016
  • MLS Status: CLOSED-BRIGHT
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 744
  • Living Area Sq Ft: 744
  • Price Per Sq Ft: 504.03
  • Above Grade Finished Sq Ft: 744
  • Above Grade Finished Area Units: Square Feet

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, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 516.03
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave
  • HOA Condo Co-Op Amenities: Elevator, Concierge, Fitness Center, Extra Storage
  • HOA Condo Co-Op Fee Includes: Management, Ext Bldg Maint, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: 000
  • In City Limits: No

Rental Info

  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3744.00
  • Assessor Parcel Number: 161303772707
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

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
May 18, 2019
Closed on
Jun 24, 2019
Sold by
Grosfeld Sharon M and Katz Russell G
Bought by
Seller's Agent
Toby Lim
Compass
Buyer's Agent
Gail Milazzo
Long & Foster Real Estate, Inc.
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$374,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,180
Avg. Annual Appreciation
0.16%
Original Mortgage
$50,000
Outstanding Balance
$29,622
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$344,558

Purchase Details

Closed on
May 18, 2016
Sold by
1320 Residence Llc
Bought by
Grosfeld Sharon M and Katz Russell G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,100
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

  • Russ Brown Real Estate Agent - Realty One Group Performance, LLC

    Russ Brown

    Realty One Group Performance, LLC

    (240) 839-6555

    63 Total Sales

    1 in Downtown Silver Spring

    $340,000 Price

    Russ Brown
     Section Image
  • Jon Rudick Real Estate Agent - Compass

    Jon Rudick

    Compass

    (844) 331-7230

    55 Total Sales

    2 in Downtown Silver Spring

    $368K - $388K Price Range

    Jon Rudick
     Section Image
  • Temi Akojie Real Estate Agent - Keller Williams Capital Properties

    Temi Akojie

    Keller Williams Capital Properties

    (240) 474-9350

    136 Total Sales

    1 in Downtown Silver Spring

    $315,000 Price

    Temi Akojie
     Section Image
  • Margie Halem Real Estate Agent - Compass

    Margie Halem

    Compass

    (240) 630-5218

    261 Total Sales

    1 in Downtown Silver Spring

    $800,000 Price

    Margie Halem
     Section Image
  • Neil Bacchus Real Estate Agent - EXP Realty, LLC

    Neil Bacchus

    EXP Realty, LLC

    (301) 281-6383

    128 Total Sales

    1 in Downtown Silver Spring

    $304,000 Price

    Neil Bacchus
     Section Image
  • Laura Bacchus Real Estate Agent - EXP Realty, LLC

    Laura Bacchus

    EXP Realty, LLC

    (240) 453-4112

    54 Total Sales

    1 in Downtown Silver Spring

    $304,000 Price

    Laura Bacchus
     Section Image
See All Agents

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
$370,000 Sage Title Group Llc
Grosfeld Sharon M $339,900 Closeline Llc
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 $50,000
Previous Owner Grosfeld Sharon M $305,100
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
06/24/2019 06/24/19 Sold $370,000 -1.3% $497 / Sq Ft
05/18/2019 05/18/19 For Sale $375,000 -- $504 / 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 $3,691 $370,000 $111,000 $259,000
2024 $4,372 $370,000 $111,000 $259,000
2023 $3,682 $370,000 $111,000 $259,000
2022 $3,501 $370,000 $111,000 $259,000
2021 $3,779 $395,000 $118,500 $276,500
2020 $3,536 $373,333 $0 $0
2019 $1,991 $351,667 $0 $0
2018 $3,744 $330,000 $99,000 $231,000
2017 $3,851 $330,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Toby Lim Real Estate Agent - Compass

    Seller's Agent in 2019

    Toby Lim

    Compass

    (703) 479-9479

    214 Total Sales

    Toby Lim
    Section Image

  • DL

    Seller Co-Listing Agent in 2019

    David Lonis

    Compass

    Section Image
  • Gail Milazzo Real Estate Agent - Long & Foster

    Buyer's Agent in 2019

    Gail Milazzo

    Long & Foster

    (301) 814-3710

    10 Total Sales

    Gail Milazzo
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC659570

Bright MLS

APN: 13-03772707

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 500, Silver Spring, MD

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