$425,000
SOLD NOV 19, 2021

1514 Gridley Ln Silver Spring, MD 20902

4 Beds
2 Baths
1,248 Sq Ft
5,400 Sq Ft Lot

Recently Sold

$341 Per Sq Ft

6% Above List Price

8 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • 1 Fireplace
  • Traditional Floor Plan
  • Main Floor Bedroom
  • No HOA

About This Home

As of August 2022

This property has so much potential and is a great opportunity either as a place to make your own very comfortable home or as an investment/income property amazing rents in the area. This great house needs some love both inside and out, but there are some great head starts. There is the newer kitchen that connects to a gorgeous, large 3 season back porch! Newer thermal windows, newer roof, newer central AC, newer Radon mitigation system. Upper level has a large full bath, 2 bedrooms and extra storage space.. Central air and forced air heat on main level , upper level is equipped with electric heat.

Last Agent to Sell the Property

Joseph Stanton

Long & Foster Real Estate, Inc. License #0225202654 Listed on: 10/06/2021

Long & Foster Real Estate, Inc.

Co-Listed By

Ted Duncan

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Edgar Coello

Fairfax Realty Premier

Fairfax Realty Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,763

Year Built

  • Built in 1951

Lot Details

  • 5,400 Sq Ft Lot
  • Infill Lot
  • Chain Link Fence
  • Property is in good condition
  • Property is zoned R60

Parking

  • 1 Parking Space

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Active Radon Mitigation

Interior Spaces

  • 1,248 Sq Ft Home
  • Property has 1.5 Levels
  • Traditional Floor Plan
  • 1 Fireplace
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring
  • Storm Doors
  • Gas Dryer

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Stove
  • Range Hood
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

Partially Finished Basement

  • Walk-Up Access
  • Connecting Stairway
  • Exterior Basement Entry
  • Shelving
  • Laundry in Basement
  • Basement Windows

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Space Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Chestnut Ridge Manor Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 161301224006

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,763

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Clothes Dryer, Clothes Washer, Dishwasher, Disposer, Refrigerator, Stove
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-10-07
  • Federal Flood Zone: No
  • Year Built: 1951
  • Automatically Close On Close Date: No
  • Remarks Public: This property has so much potential and is a great opportunity either as a place to make your own very comfortable home or as an investment/income property amazing rents in the area. This great house needs some love both inside and out, but there are some great head starts. There is the newer kitchen that connects to a gorgeous, large 3 season back porch! Newer thermal windows, newer roof, newer central AC, newer Radon mitigation system. Upper level has a large full bath, 2 bedrooms and extra storage space.. Central air and forced air heat on main level , upper level is equipped with electric heat.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Gas, Microwave, Range Hood, Refrigerator, Stove, Oven - Self Cleaning, Oven/Range - Electric
  • Interior Amenities: Combination Dining/Living, Window Treatments, Entry Level Bedroom, Upgraded Countertops, Wood Floors, Floor Plan - Traditional
  • Window Features: Double Pane
  • Fireplace Features: Equipment
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Active Radon Mitigation, Block
  • Levels Count: 1.5
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Partially Finished, Shelving, Walkout Stairs, Windows
  • Laundry Type: Basement
  • Total Sq Ft: 1248
  • Living Area Sq Ft: 1248
  • Price Per Sq Ft: 320.50
  • Above Grade Finished Sq Ft: 1248
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1514

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Space Heater
  • 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

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Fencing: Chain Link
  • Improvement Assessed Value: 183800.00
  • Land Assessed Value: 176500.00
  • Land Use Code: 011
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5400.00
  • Outdoor Living Structures: Enclosed, Porch(es)
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: R60
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 14025213
  • Tax Annual Amount: 4763.00
  • Assessor Parcel Number: 161301224006
  • Tax Lot: 7
  • Tax Total Finished Sq Ft: 1248
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/19/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 30, 2022
Sold by
Edward Coello Charles
Bought by
Blumensche1n Nicholas and Low Karly
Seller's Agent
Edgar Coello
Fairfax Realty Premier
Buyer's Agent
Andres Serafini
Realty of America LLC
List Price
$665,000
Sold Price
$650,000
Premium/Discount to List
-$15,000
-2.26%
Views
5
Current Estimated Value
$676,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,873
Avg. Annual Appreciation
1.23%
Original Mortgage
$617,500
Outstanding Balance
$592,960
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$79,794

Purchase Details

Listed on
Oct 6, 2021
Closed on
Nov 17, 2021
Sold by
Bennett Thomas Lawrence and Thomas Lawrence Bennett Trust
Bought by
Coello Charles Edward
Seller's Agent
Joseph Stanton
Long & Foster Real Estate, Inc.
Buyer's Agent
Edgar Coello
Fairfax Realty Premier
List Price
$399,987
Sold Price
$425,000
Premium/Discount to List
$25,013
6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.41%
Original Mortgage
$382,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2012
Closed on
Jun 12, 2013
Sold by
Polletto John M and Polletto Kathryn R
Bought by
Bennett Thomas Lawrence and The Thomas Lawrence Bennett Tr
Seller's Agent
Barbara Ciment
Perennial Real Estate
Buyer's Agent
Matthew Rowland
Samson Properties
List Price
$379,000
Sold Price
$375,000
Premium/Discount to List
-$4,000
-1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.49%
Original Mortgage
$300,000
Interest Rate
3.51%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $650,000 Westcor Land Title
Deed $425,000 Realty Title Services Inc
Deed $375,000 Title Resources Guaranty Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $617,500 New Conventional
Previous Owner $382,500 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $650,000 -2.3% $313 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $665,000 +56.5% $320 / Sq Ft
11/19/2021 11/19/21 Sold $425,000 +6.3% $341 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $399,987 +6.7% $321 / Sq Ft
06/12/2013 06/12/13 Sold $375,000 -1.1% $300 / Sq Ft
04/22/2013 04/22/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $379,000 0.0% $304 / Sq Ft
03/15/2013 03/15/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $379,000 0.0% $304 / Sq Ft
02/08/2013 02/08/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $379,000 +1.1% $304 / Sq Ft
10/16/2012 10/16/12 Off Market $375,000 -- --
10/16/2012 10/16/12 For Sale $379,000 -- $304 / 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 $6,746 $522,533 $0 $0
2023 $2,626 $454,967 $0 $0
2022 $4,236 $387,400 $176,500 $210,900
2021 $4,071 $378,367 $0 $0
2020 $1,968 $369,333 $0 $0
2019 $3,802 $360,300 $176,500 $183,800
2018 $3,701 $353,367 $0 $0
2017 $3,681 $346,433 $0 $0
2016 -- $339,500 $0 $0
2015 $2,876 $323,600 $0 $0
2014 $2,876 $307,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2000097

Bright MLS

APN: 13-01224006