NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 511 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $251,000 - $308,000

1 Bed
1 Bath
549 Sq Ft
$392/mo HOA Fee

Last Sold June 15, 2021

Last sale price $275,000 $501 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,067/month

64 Days on Market

Highlights

  • Fitness Center
  • City View
  • Traditional Architecture
  • Woodlin Elementary School Rated A-
  • Open Floorplan
  • 4-minute walk to Woodside Urban Park

About This Home

As of June 2021

Urban living at its finest! This modern day condo contains an open floor plan including a spacious living room, the bedroom area separated by a frosted glass sliders, a full bath and a gorgeous kitchen containing cherry wood cabinets, stainless steel appliances(dishwasher, gas stove, large refrigerator and built-in microwave) and quartz countertops! Common areas include a beautiful rooftop terrace (perfect for celebrating the end of COVID times), gym, entertainment rooms with tables, couches and televisions as well as a coffee bar and more! There are professional administrative assistants on staff to greet guest and collect the deliveries for the residents of this building. Available to residents in this building is additional storage rooms(for a fee) plus bicycle storage units. Retail stores, dining options, bars, specialty stores and a weekend Farmers market are all within minutes of your new home. Recharge and Re-energize during your off time by spending some time in nature at Sligo Creek Trail and Rock Creek Park (both short walks). The SS metro station is a four minute walk. Check out this gorgeous condo before it's too late!

Last Agent to Sell the Property

Gregory Bennett Jr.

(301) 904-8312 Greg@exithererealty.com Five Star Real Estate License #633532 Listed on: 02/23/2021

Last Buyer's Agent

Alida Zuniga

(301) 252-8974 alidazu18@gmail.com Douglas Realty

Douglas Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,099

Year Built

  • Built in 1964

Lot Details

  • Downtown Location
  • Property is in very good condition

HOA Fees

  • $392 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 5th floor

Interior Spaces

  • 549 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Living Room
  • Vinyl Flooring

Kitchen

  • Galley Kitchen
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303772811

Community Details

Overview

  • Association fees include lawn maintenance, health club, common area maintenance
  • High-Rise Condominium
  • The Octave Condos

Amenities

  • Picnic Area
  • Common Area
  • Elevator

Recreation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,099

Year Built

Built in 1964

Lot Details

0

HOA Fees

$392 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-02-25
  • Federal Flood Zone: No
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 5
  • Flooring Type: Vinyl
  • Interior Amenities: Combination Kitchen/Living, Combination Dining/Living, Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Laundry, Bathroom 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry
  • Total Sq Ft: 549
  • Living Area Sq Ft: 549
  • Price Per Sq Ft: 509.84
  • Above Grade Finished Sq Ft: 549
  • 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: Mixed
  • Roof: Unknown
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 16.06
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 392.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Octave
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Picnic Area
  • HOA Condo Co-Op Fee Includes: Lawn Maintenance, Health Club, Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 210000.00
  • Land Assessed Value: 90000.00
  • Property Condition: Very Good
  • Zoning: RC
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14125399
  • Tax Annual Amount: 3099.00
  • Assessor Parcel Number: 161303772811
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2021
Closed on
Jun 15, 2021
Sold by
Cross Jake A
Bought by
Medal Lionel
Seller's Agent
Gregory Bennett Jr.
Five Star Real Estate
Buyer's Agent
Alida Zuniga
Douglas Realty
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%
Current Estimated Value
$268,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,640
Avg. Annual Appreciation
-0.55%
Original Mortgage
$261,250
Outstanding Balance
$236,529
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$31,831

Purchase Details

Closed on
May 19, 2016
Sold by
1320 Residence Llc
Bought by
Cross Jake A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,920
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Medal Lionel $275,000 Rgs Title Llc
Cross Jake A $274,900 Closeline Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medal Lionel $261,250
Previous Owner Cross Jake A $269,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2021 06/15/21 Sold $275,000 -1.8% $501 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/27/2021 04/27/21 Price Changed $279,900 -3.4% $510 / Sq Ft
04/13/2021 04/13/21 Price Changed $289,900 -1.7% $528 / Sq Ft
03/25/2021 03/25/21 Price Changed $294,900 -1.7% $537 / Sq Ft
03/10/2021 03/10/21 For Sale $299,900 +9.1% $546 / Sq Ft
02/23/2021 02/23/21 Off Market $275,000 -- --
08/14/2019 08/14/19 Rented $1,600 0.0% --
08/02/2019 08/02/19 For Rent $1,600 -- --
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 $3,138 $240,000 $72,000 $168,000
2024 $3,138 $265,000 $79,500 $185,500
2023 $2,447 $265,000 $79,500 $185,500
2022 $2,317 $265,000 $79,500 $185,500
2021 $3,400 $300,000 $90,000 $210,000
2020 $6,502 $286,667 $0 $0
2019 $2,407 $273,333 $0 $0
2018 $2,262 $260,000 $78,000 $182,000
2017 $3,047 $260,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gregory Bennett Jr.

    Seller's Agent in 2021

    Gregory Bennett Jr.

    Five Star Real Estate

    (301) 904-8312

    1 in this area

    42 Total Sales

    Gregory Bennett Jr.
    Section Image

  • A

    Buyer's Agent in 2021

    Alida Zuniga

    Douglas Realty

    (301) 252-8974

    1 in this area

    2 Total Sales

    Alida Zuniga
    Section Image

  • D

    Seller's Agent in 2019

    David Getson

    Compass

    (202) 705-8800

    1 in this area

    118 Total Sales

    David Getson
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Mandy Mills

    Compass

    (202) 425-6417

    72 Total Sales

    Mandy Mills
    Section Image
  • Ara Arabian

    Buyer's Agent in 2019

    Ara Arabian

    Engel & Völkers Washington, DC

    (301) 651-4323

    47 Total Sales

    Ara Arabian
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC743536

Bright MLS

APN: 13-03772811

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 511, Silver Spring, MD

Not Listed for Sale

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