NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 708 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $329,641 - $395,000

2 Beds
2 Baths
744 Sq Ft
1964 Built

Last Sold April 27, 2021

Last sale price $365,000 $491 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,223/month

Highlights

  • Fitness Center
  • Gourmet Kitchen
  • Contemporary Architecture
  • Woodlin Elementary School Rated A-
  • Open Floorplan
  • 4-minute walk to Woodside Urban Park

About This Home

As of April 2023

WELCOME TO THE OCTAVE! This immaculate, light filled unit is conveniently located just blocks away from the Silver Spring Metro Station, downtown Silver Spring shopping & entertainment. Enjoy sweeping skyline views & sunsets on your own private balcony. Building remodeled in 2016, offering contemporary finishes and modern design. 2 Bedrooms, 2 full Baths, floor to ceiling windows, gourmet kitchen with stainless steel appliances, quartz countertops, wood floors, walk in closets and full size WASHER & DRYER. Building amenities include exercise room, concierge, bike storage and a Sky Lounge + large roof deck. Unit comes with storage space. Parking available for rent in garage next door. City living at it's finest with private outdoor space!

Last Agent to Rent the Property

Joseph Bernstein

(301) 367-0507 joseph.bernstein@longandfoster.com Compass License #sp98369004 Listed on: 03/08/2023

Compass

Co-Listed By

Antonina Hatcher

(301) 908-7224 antonina.bernstein@gmail.com Compass

Last Renter's Agent

Joseph Barnes

(443) 413-7319 joseph.barnes@longandfoster.com Long & Foster Real Estate, Inc. License #580588

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,313

Year Built

  • Built in 1964 | Remodeled in 2016

Home Design

  • Contemporary Architecture
  • Entry on the 7th floor

Interior Spaces

  • 744 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Electric Front Loading Dryer
  • Front Loading Washer

Parking

  • Public Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Elevator Installed

Utilities

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

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,200
  • $300 Move-In Fee
  • Tenant pays for utilities - some, heat, minor interior maintenance, electricity, gas
  • Rent includes water, sewer, trash removal, hoa/condo fee
  • No Smoking Allowed
  • 12-Month Min and 36-Month Max Lease Term
  • Available 3/22/23
  • $55 Application Fee
  • Assessor Parcel Number 161303773041

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer, snow removal, trash, water, common area maintenance, exterior building maintenance
  • Mid-Rise Condominium
  • The Octave Codm Community
  • Silver Spring Subdivision

Amenities

  • Party Room
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,313

Year Built

Built in 1964 | Remodeled in 2016

Lot Details

0

Rental Info

  • Date Available: 2023-03-22
  • Application Fee: 55.00
  • Pets Allowed: No
  • Rent Includes: Water, Sewer, Trash Removal, Hoa/Condo Fee
  • Security Deposit: 2200.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Utilities - Some, Heat, Minor Interior Maintenance, Electricity, Gas
  • Vacation Rental: No
  • Max Lease in Months: 36
  • Min Lease in Months: 12
  • Move In Fee: 300.00
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Inclusions: 2 TV mounts
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-03-21
  • Year Built: 1964
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Dryer - Electric, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading
  • Entry Floor: 7
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Elevator, Floor Plan - Open, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 744
  • Living Area Sq Ft: 744
  • Price Per Sq Ft: 2.96
  • 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
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Party Room
  • HOA Condo Co-Op Fee Includes: Sewer, Snow Removal, Trash, Water, Common Area Maintenance, Ext Bldg Maint
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Zoning: CR-6

Tax Info

  • Assessor Parcel Number: 14125244
  • Assessor Parcel Number: 161303773041

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Apr 23, 2021
Sold by
Freeman Andrew
Bought by
Thomas Calvin L
Seller's Agent
Andrea Alderdice
Long & Foster Real Estate, Inc.
Buyer's Agent
Joseph Bernstein
Compass
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Current Estimated Value
$353,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,090
Avg. Annual Appreciation
-0.67%
Original Mortgage
$292,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2016
Sold by
1320 Residences Llc
Bought by
Freeman Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,410
Interest Rate
3.64%
Mortgage Type
New Conventional
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2023 04/04/23 Rented $2,000 -9.1% --
03/08/2023 03/08/23 For Rent $2,200 +12.8% --
03/11/2022 03/11/22 Rented $1,950 0.0% --
03/10/2022 03/10/22 Under Contract -- -- --
03/02/2022 03/02/22 Price Changed $1,950 -13.3% $3 / Sq Ft
12/10/2021 12/10/21 For Rent $2,250 0.0% --
04/27/2021 04/27/21 Sold $365,000 -2.7% $491 / Sq Ft View Prior Sale
03/27/2021 03/27/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $375,000 +2.7% $504 / Sq Ft
12/31/2020 12/31/20 Off Market $365,000 -- --
11/06/2020 11/06/20 For Sale $375,000 -- $504 / 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 $4,313 $340,000 $102,000 $238,000
2024 $4,313 $365,000 $109,500 $255,500
2023 $4,315 $365,000 $109,500 $255,500
2022 $4,137 $365,000 $109,500 $255,500
2021 $4,137 $369,000 $110,700 $258,300
2020 $6,869 $364,333 $0 $0
2019 $3,380 $359,667 $0 $0
2018 $4,007 $355,000 $106,500 $248,500
2017 $4,139 $355,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Bernstein

    Landlord's Agent in 2023

    Joseph Bernstein

    Compass

    (301) 367-0507

    1 in this area

    99 Total Sales

    Joseph Bernstein
    Section Image
  • Antonina Hatcher

    Landlord's Co-Listing Agent in 2023

    Antonina Hatcher

    Compass

    (301) 908-7224

    31 Total Sales

    Antonina Hatcher
    Section Image
  • Joseph Barnes

    Tenant's Agent in 2023

    Joseph Barnes

    Long & Foster

    (443) 413-7319

    58 Total Sales

    Joseph Barnes
    Section Image
  • Zsuzsanna Rainey

    Buyer's Agent in 2022

    Zsuzsanna Rainey

    Taylor Properties

    (410) 533-2943

    124 Total Sales

    Zsuzsanna Rainey
    Section Image
  • Andrea Alderdice

    Seller's Agent in 2021

    Andrea Alderdice

    Long & Foster

    (301) 466-5898

    20 in this area

    96 Total Sales

    Andrea Alderdice
    Section Image
See All Agents

About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2084370

Bright MLS

APN: 13-03773041

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 708, Silver Spring, MD

Not Listed for Sale

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