NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 502 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $385,000 - $453,000

2 Beds
2 Baths
850 Sq Ft
$686/mo HOA Fee

Last Sold June 10, 2022

Last sale price $400,000 $471 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,346/month

5 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 June 2022

Sparkling condo in downtown Silver Spring only steps to the Silver Spring Metro Station! Built in 2016, this 2 bedroom, 2 full bath condo features a living space with dramatic 2 sides of floor-to-ceiling windows, western exposure, quartz countertops, wood floors and full size washer and dryer in unit. The many building amenities include a fitness room, roof terrace, bike storage room, sky lounge, concierge and sophisticated lobby with fireplace. Separate storage unit included and pet friendly! Enjoy Silver Spring’s breweries, farmer’s market, music venues, shops, dining, and the soon to come Montgomery County Aquatic Center and Commas Food Hall all at your doorstep.

Last Agent to Sell the Property

Andrea Alderdice

(301) 466-5898 andy4homes@gmail.com Long & Foster Real Estate, Inc. License #508237 Listed on: 04/28/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Wendy Gadson

(202) 445-0226 Wendy.Gadson@longandfoster.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,259

Year Built

  • Built in 2016

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction
  • Aluminum Siding
  • Stone Siding

Interior Spaces

  • 850 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Wood Flooring
  • Exterior Cameras

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Off-Site Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed
  • Doors are 32 inches wide or more

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Additional Features

  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 161303772720
  • $125 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, snow removal, sewer, trash, water
  • 102 Units
  • Mid-Rise Condominium
  • The Octave 1320 Condominiums, Phone Number (301) 378-8139
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision
  • Property Manager

Amenities

  • Concierge
  • Party Room

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,259

Year Built

Built in 2016

Lot Details

0

HOA Fees

$686 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: 32"+ Wide Doors, Elevator
  • Ownership: Condominium
  • Inclusions: Storage included in ListPrice, Storage included in SalePrice
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-04-28
  • 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, Dryer, Disposal, Dishwasher, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 5
  • Flooring Type: Wood
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Window Treatments, Wood Floors
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 850
  • Living Area Sq Ft: 850
  • Price Per Sq Ft: 488.24
  • Above Grade Finished Sq Ft: 850
  • 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
  • Construction Materials: Aluminum Siding, Brick, Stone
  • 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

  • Refuse: 17.29
  • 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: Desk In Lobby, Exterior Cameras, Fire Detection System, Main Entrance Lock, Resident Manager, Smoke Detector, Sprinkler System - Indoor, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 686.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave 1320 Condominiums
  • Condo Co-Op Phone: (301)-378-8139
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Party Room, Storage Bin
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Snow Removal, Sewer, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Efficiency: Hvac, Appliances, Lighting
  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 329000.00
  • Land Assessed Value: 141000.00
  • Outdoor Living Structures: Balcony, Roof
  • Property Condition: Very Good
  • Zoning: CR-5.0 C-4.0 R-4.75 H-14
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 14125834
  • Tax Annual Amount: 5259.00
  • Assessor Parcel Number: 161303772720
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Front Foot Fee: 125.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 1, 2022
Sold by
Mccarey Daniel A
Bought by
Mosley Kyle E
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Wendy Gadson
Long & Foster Real Estate, Inc.
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$417,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,368
Avg. Annual Appreciation
1.23%
Original Mortgage
$409,200
Outstanding Balance
$389,457
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
$27,911

Purchase Details

Closed on
May 25, 2016
Sold by
1320 Residences Llc
Bought by
Mccarey Daniel A and Mccarey Eve S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,018
Interest Rate
3.25%
Mortgage Type
FHA
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
Mosley Kyle E $400,000 First American Title
Mccarey Daniel A $379,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosley Kyle E $409,200
Previous Owner Mccarey Daniel A $373,018
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $400,000 -3.6% $471 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $415,000 -- $488 / 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 $5,547 $440,000 $132,000 $308,000
2024 $5,547 $470,000 $141,000 $329,000
2023 $6,223 $468,333 $0 $0
2022 $4,591 $466,667 $0 $0
2021 $4,567 $465,000 $139,500 $325,500
2020 $4,212 $433,333 $0 $0
2019 $3,853 $401,667 $0 $0
2018 $3,504 $370,000 $111,000 $259,000
2017 $4,311 $370,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Alderdice

    Seller's Agent in 2022

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    20 in this area

    96 Total Sales

    Andrea Alderdice
    Section Image
  • Wendy Gadson

    Buyer's Agent in 2022

    Wendy Gadson

    Long & Foster

    (202) 445-0226

    1 in this area

    63 Total Sales

    Wendy Gadson
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2047622

Bright MLS

APN: 13-03772720

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 502, Silver Spring, MD

Not Listed for Sale

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