NOT LISTED FOR SALE

1501 Korth Place Silver Spring, MD 20902

Estimated Value: $590,000 - $677,270

5 Beds
3 Baths
1,832 Sq Ft
$343/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $545,000 $297 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,871/month

9 Days on Market

Highlights

  • 1 Fireplace
  • 1 Car Attached Garage
  • Central Heating and Cooling System
  • No HOA
  • Bungalow

About This Home

As of March 2022

Location, location, location, this single family home is located just off University Blvd W and features 5 bedrooms, 3 full bathrooms and 2 kitchens! Nice corner lot. Hurry and see, it won't last long. Please note, there are currently tenants in the home, they will vacate before settlement. The home has hardwood flooring to upper level, Kitchen has space for a kitchen table

Last Agent to Sell the Property

Jeanette Spicer

Keller Williams Preferred Properties Listed on: 03/10/2022

Keller Williams Preferred Properties

Last Buyer's Agent

Carlos Espinoza

Jason Mitchell Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,705

Year Built

  • Built in 1958

Lot Details

  • 10,547 Sq Ft Lot
  • Property is zoned R90

Parking

  • 1 Car Attached Garage
  • 3 Driveway Spaces
  • Front Facing Garage

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Natural lighting in basement

Bedrooms and Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Parkway Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 161301368417

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,705

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-03-10
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Remarks Public: Location, location, location, this single family home is located just off University Blvd W and features 5 bedrooms, 3 full bathrooms and 2 kitchens! Nice corner lot. Hurry and see, it won't last long. Please note, there are currently tenants in the home, they will vacate before settlement. The home has hardwood flooring to upper level, Kitchen has space for a kitchen table
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 2464
  • Living Area Sq Ft: 1832
  • Price Per Sq Ft: 405.84
  • Above Grade Finished Sq Ft: 1232
  • Below Grade Finished Sq Ft: 600
  • Below Grade Sq Ft: 632
  • Total Below Grade Sq Ft: 1232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1501

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 177100.00
  • Land Assessed Value: 205400.00
  • Land Use Code: R
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10547.00
  • Year Assessed: 2022
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14039164
  • Tax Annual Amount: 4705.00
  • Assessor Parcel Number: 161301368417
  • Tax Lot: 11
  • Tax Total Finished Sq Ft: 1832
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 03/31/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2006
Sold by
Shelton Olga
Bought by
Luke Shelto and Luke Miller
Current Estimated Value
$611,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Outstanding Balance
$112,622
Interest Rate
2.3%
Mortgage Type
Stand Alone Second
Estimated Equity
$496,050

Purchase Details

Closed on
Sep 15, 2006
Sold by
Shelton Olga
Bought by
Luke Shelto and Luke Miller

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
2.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 19, 2004
Sold by
Shelton Olga
Bought by
Shelton Olga

Purchase Details

Closed on
Aug 5, 1994
Sold by
Weiland Louissa L
Bought by
Shelton Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,050
Interest Rate
8.4%
Source: Public Records

Range of Values:

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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
Luke Shelto -- --
Luke Shelto -- --
Shelton Olga -- --
Shelton Olga -- --
Shelton Olga $194,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luke Shelto $173,000
Previous Owner Luke Shelto $173,000
Previous Owner Shelton Olga $175,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $545,000 +9.0% $297 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $500,000 -- $273 / 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
2024 $6,253 $479,633 $0 $0
2023 $5,670 $431,067 $0 $0
2022 $4,874 $382,500 $205,400 $177,100
2021 $9,410 $373,100 $0 $0
2020 $8,855 $363,700 $0 $0
2019 $4,428 $354,300 $195,300 $159,000
2018 $3,862 $349,567 $0 $0
2017 $4,380 $344,833 $0 $0
2016 -- $340,100 $0 $0
2015 $4,081 $339,967 $0 $0
2014 $4,081 $339,833 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeanette Spicer

    Seller's Agent in 2022

    Jeanette Spicer

    Keller Williams Preferred Properties

    (240) 449-7374

    1 in this area

    43 Total Sales

    Section Image
  • Carlos Espinoza

    Buyer's Agent in 2022

    Carlos Espinoza

    Jason Mitchell Group

    (240) 426-8627

    2 in this area

    266 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2040674

Bright MLS

APN: 13-01368417

Maryland Montgomery County Silver Spring 20902

1501 Korth Place, Silver Spring, MD

This home is located at 1501 Korth Place, Silver Spring, MD 20902 since 10 March 2022 and is currently estimated at $628,568, approximately $343 per square foot. This property was built in 1958. 1501 Korth Place is a home located in Montgomery County with nearby schools including Arcola Elementary School, Odessa Shannon Middle School, and Northwood High School.

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