NOT LISTED FOR SALE

Octave 1320 1320 Fenwick Ln Unit 803 Silver Spring, MD 20910

Downtown Silver Spring Neighborhood

Estimated Value: $245,000 - $301,000

1 Bed
1 Bath
483 Sq Ft
$357/mo HOA Fee

Last Sold December 17, 2021

Last sale price $248,000 $513 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,997/month

28 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Meeting Room
  • Woodlin Elementary School Rated A-
  • Contemporary Architecture
  • 4-minute walk to Woodside Urban Park

About This Home

As of December 2021

Open House Sun. 11/21, 2-4 pm! One of the best end units in the newest condo building in downtown Silver Spring! Built in 2016, the top floor unit is just blocks from Silver Spring Metro Station and steps from the shops and restaurants. This home features engineered hardwood floor throughout, quartz countertops, extensive closets for maximum storage space, and a balcony for bright sunlight! The building has many amenities: sky lounge, roof terrace, bike storage room, fitness room, and lobby with a fireplace. Enjoy the convenience of transportation, shopping, and dining all so close by! Pet friendly and a storage unit included.

Last Agent to Sell the Property

Lisa Ma

(301) 938-9268 lishama@gmail.com UnionPlus Realty, Inc. Listed on: 10/23/2021

Last Buyer's Agent

Vincent Ekuban

(301) 343-2181 thehomeguy@exitre.org EXIT Realty Enterprises License #597280

EXIT Realty Enterprises

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,042

Year Built

  • Built in 2016

HOA Fees

  • $357 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 8th floor

Interior Spaces

  • 483 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 161303773121

Community Details

Overview

  • Association fees include exterior building maintenance, management, trash, water, sewer, snow removal
  • Mid-Rise Condominium
  • The Octave Codm Community
  • Downtown Silver Spring Subdivision

Amenities

  • Concierge
  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,042

Year Built

Built in 2016

Lot Details

0

HOA Fees

$357 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-10-23
  • Year Built: 2016
  • Year Renovated: 2016
  • Automatically Close On Close Date: Yes
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 8
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 483
  • Living Area Sq Ft: 483
  • Price Per Sq Ft: 538.30
  • Above Grade Finished Sq Ft: 483
  • 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: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 357.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Meeting Room, Party Room
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management, Trash, Water, Sewer, Snow Removal
  • HOA: No
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 206500.00
  • Land Assessed Value: 88500.00
  • Zoning: CR-5.0
  • In City Limits: Yes

Rental Info

  • Pets: Dogs Ok, Cats Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14125528
  • Tax Annual Amount: 3042.00
  • Assessor Parcel Number: 161303773121
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2021
Closed on
Dec 17, 2021
Sold by
Luo Sha
Bought by
Sebasco Philip
Seller's Agent
Lisa Ma
UnionPlus Realty, Inc.
Buyer's Agent
Vincent Ekuban
EXIT Realty Enterprises
List Price
$260,000
Sold Price
$248,000
Premium/Discount to List
-$12,000
-4.62%
Current Estimated Value
$264,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,944
Avg. Annual Appreciation
1.68%
Original Mortgage
$223,200
Outstanding Balance
$205,230
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$59,714

Purchase Details

Closed on
Dec 15, 2016
Sold by
1320 Residence Llc
Bought by
Luo Sha
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
Sebasco Philip $248,000 Worldwide Settlements Inc
Luo Sha $254,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sebasco Philip $223,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $248,000 -4.6% $513 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
10/23/2021 10/23/21 For Sale $260,000 -- $538 / 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 $2,938 $258,667 -- --
2024 $2,938 $248,000 $74,400 $173,600
2023 $3,631 $248,000 $74,400 $173,600
2022 $2,126 $248,000 $74,400 $173,600
2021 $2,652 $295,000 $88,500 $206,500
2020 $2,503 $281,667 $0 $0
2019 $3,043 $268,333 $0 $0
2018 $2,898 $255,000 $76,500 $178,500
2017 $2,990 $255,000 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lisa Ma

    UnionPlus Realty, Inc.

    (301) 938-9268

    1 in this area

    23 Total Sales

    Lisa Ma
    Section Image
  • Vincent Ekuban

    Buyer's Agent in 2021

    Vincent Ekuban

    EXIT Realty Enterprises

    (301) 343-2181

    1 in this area

    124 Total Sales

    Vincent Ekuban
    Section Image
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About Octave 1320

Map

Source: Bright MLS

MLS Number: MDMC2019104

Bright MLS

APN: 13-03773121

Maryland Montgomery County Silver Spring 20910 Downtown Silver Spring

1320 Fenwick Ln Unit 803, Silver Spring, MD

Not Listed for Sale

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