1405 Farmcrest Way Silver Spring, MD 20905
3
Beds
3
Baths
1,060
Sq Ft
$90/mo
HOA Fee
Highlights
- Colonial Architecture
- Dr. Charles R. Drew Elementary School Rated A
- 90% Forced Air Heating and Cooling System
About This Home
As of September 2024Welcome to 1405 Farmcrest Way in Silver Spring! This 3-bedroom, 1 full and 2 half bathroom townhome with a finished basement is brimming with potential. With a little TLC, this property can truly shine, making it an ideal opportunity for investors or savvy buyers looking to customize and add value. Located in a prime spot, you’ll enjoy easy access to major commuter routes, shopping, dining, and top-rated schools. Don’t miss out on the chance to turn this diamond in the rough into a brilliant investment! * *Newer windows and roof**
Don’t miss out on this prime opportunity—schedule your showing today!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty License #583563 Listed on: 08/09/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,244
Year Built
- Built in 1983
Lot Details
- 1,500 Sq Ft Lot
HOA Fees
- $90 Monthly HOA Fees
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Brick Foundation
- Vinyl Siding
Interior Spaces
- Property has 3 Levels
- Finished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- 90% Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- Oak Springs Subdivision
Listing and Financial Details
- Tax Lot 269
- Assessor Parcel Number 160502258291
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Sep 3, 2024
Sold by
Mead John and Mead Kimberley Ellen
Bought by
Castillo Elmer and Cruz Edith Andrade
Seller's Agent
Helene Zrihen
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Daniel Kotz
Douglas Elliman of Metro DC, LLC - Bethesda
List Price
$300,000
Sold Price
$320,000
Premium/Discount to List
$20,000
6.67%
Total Days on Market
3
Views
268
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
$15,739
Avg. Annual Appreciation
6.27%
Original Mortgage
$256,000
Outstanding Balance
$254,440
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$81,299
Purchase Details
Closed on
Oct 27, 1988
Bought by
Mead John C and C L
Similar Homes in Silver Spring, MD
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $320,000 | First American Title | |
| Deed | $112,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $256,000 | New Conventional | |
| Previous Owner | $66,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2024 09/03/24 | Sold | $320,000 | +6.7% | $302 / Sq Ft |
| 08/14/2024 08/14/24 | Off Market | $300,000 | -- | -- |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | For Sale | $300,000 | -- | $283 / 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 |
|---|---|---|---|---|
| 2024 | $3,568 | $279,000 | $0 | $0 |
| 2023 | $2,552 | $252,500 | $138,000 | $114,500 |
| 2022 | $2,376 | $248,367 | $0 | $0 |
| 2021 | $2,215 | $244,233 | $0 | $0 |
| 2020 | $2,215 | $240,100 | $138,000 | $102,100 |
| 2019 | $2,142 | $234,500 | $0 | $0 |
| 2018 | $2,076 | $228,900 | $0 | $0 |
| 2017 | $2,059 | $223,300 | $0 | $0 |
| 2016 | -- | $209,533 | $0 | $0 |
| 2015 | $2,125 | $195,767 | $0 | $0 |
| 2014 | $2,125 | $182,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Helene Zrihen
Seller's Agent in 2024
Helene Zrihen
BHHS PenFed (actual)
(301) 741-6921
1 in this area
115 Total Sales
-
Daniel Kotz
Buyer's Agent in 2024
Daniel Kotz
Douglas Elliman of Metro DC, LLC - Bethesda
(703) 489-3123
1 in this area
63 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2143166
APN: 05-02258291
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