Seller's Agent in 2024
Marquis McCrimmon
Bennett Realty Solutions
(301) 246-2323
1 in this area
42 Total Sales
Octave 1320 1320 Fenwick Ln Unit 612 Silver Spring, MD 20910
Downtown Silver Spring NeighborhoodEstimated Value: $249,000 - $254,000
1
Bed
1
Bath
549
Sq Ft
$557/mo
HOA Fee
Highlights
- Concierge
- Community Center
- Resident Manager or Management On Site
- Woodlin Elementary School Rated A-
- Intercom
- 4-minute walk to Woodside Urban Park
About This Home
As of April 2024Welcome to this stunning 1 bed, 1 bath condo at “ The Octave 1320” in Downtown Silver Spring.
Octave 1320 was designed by BKV Group and developed by ProMark Real Estate Services out of a repurposed office building. Built 1964 but renovated in 2016 into condos, this building has 8 floors and a number of amenities. There is an enclosed rooftop lounge which can be reserved for private parties (used by residents and guests but privately reserved for a fee) and a roof deck which has views of the Silver Spring skyline. The first-floor lounge features tables that you can work from home without actually working from home, and a bike storage room and separate storage room. The fitness center is located in the lower level of the building. The concierge works 7 days a week and will store your packages in a secure package storage room. This condo features a modern open concept living space. The kitchen offers espresso cabinets, a gas stove, a built-in microwave, stainless appliances and dishwasher. The Juliette balcony adds that extra pop of charm. This condo is in the heart of Downtown Silver Spring with everything that entails – restaurants, shops, movie theatre, the Silver Spring Library, Fillmore, etc. Walk to the metro for the Silver Spring red line and the Purple Line which will be opening in a few years. You are also very conveniently located with just a short walk to the local breweries. Condo fee includes: Amenities – rooftop lounge, roof deck, first floor lounge, bike storage room, storage unit, fitness center, maintenance of the building, building utilities, water, property manager on-site. Wow! Up to 6-Months Parking included with Full price offer!
Last Agent to Sell the Property
(301) 246-2323 marquis@mhometeam.com Bennett Realty Solutions Listed on: 03/03/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,573
Year Built
- Built in 1964
HOA Fees
- $557 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
Interior Spaces
- 549 Sq Ft Home
- Property has 1 Level
- Intercom
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- Public Parking
- On-Street Parking
Utilities
- Central Heating and Cooling System
- Programmable Thermostat
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Property is in very good condition
Listing and Financial Details
- Assessor Parcel Number 161303772957
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, management, sewer, trash, water
- Mid-Rise Condominium
- The Octave Codm Community
- Silver Spring Subdivision
Amenities
- Concierge
- Community Center
- Meeting Room
Pet Policy
- Pet Size Limit
- Dogs and Cats Allowed
- Breed Restrictions
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2024
Closed on
Apr 19, 2024
Sold by
Griffin Charles D and Griffin Kimberly R
Bought by
Zgambo Wanangwa
Seller's Agent
Marquis McCrimmon
Bennett Realty Solutions
Buyer's Agent
Marina Sorbie
RLAH @properties
List Price
$249,990
Sold Price
$242,000
Premium/Discount to List
-$7,990
-3.2%
Views
51
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,550
Avg. Annual Appreciation
2.70%
Original Mortgage
$225,060
Outstanding Balance
$221,607
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$30,943
Purchase Details
Closed on
Oct 6, 2016
Sold by
1320 Residences Llc
Bought by
Griffin Charles D and Griffin Kimberly R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,175
Interest Rate
4.2%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zgambo Wanangwa | $242,000 | Fidelity National Title | |
| Zgambo Wanangwa | $242,000 | Fidelity National Title | |
| Griffin Charles D | $286,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zgambo Wanangwa | $225,060 | |
| Closed | Zgambo Wanangwa | $225,060 | |
| Previous Owner | Griffin Charles D | $215,175 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2024 04/22/24 | Sold | $242,000 | -3.2% | $441 / Sq Ft |
| 03/09/2024 03/09/24 | Pending | -- | -- | -- |
| 03/03/2024 03/03/24 | For Sale | $249,990 | -- | $455 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,726 | $260,000 | $78,000 | $182,000 |
| 2024 | $3,726 | $315,000 | $94,500 | $220,500 |
| 2023 | $3,727 | $315,000 | $94,500 | $220,500 |
| 2022 | $2,539 | $315,000 | $94,500 | $220,500 |
| 2021 | $3,626 | $320,000 | $96,000 | $224,000 |
| 2020 | $3,476 | $306,667 | $0 | $0 |
| 2019 | $3,324 | $293,333 | $0 | $0 |
| 2018 | $3,180 | $280,000 | $84,000 | $196,000 |
| 2017 | $3,277 | $280,000 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marquis McCrimmon
-
Marina Sorbie
Buyer's Agent in 2024
Marina Sorbie
Real Living at Home
(202) 320-0176
1 in this area
43 Total Sales
About Octave 1320
Map
Source: Bright MLS
MLS Number: MDMC2122260
APN: 13-03772957
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