NOT LISTED FOR SALE

1520 Gridley Ln Silver Spring, MD 20902

Estimated Value: $559,000 - $653,000

5 Beds
3 Baths
1,648 Sq Ft
$369/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $550,000 $334 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,719/month

142 Days on Market

Highlights

  • Cape Cod Architecture
  • Main Floor Bedroom
  • No HOA
  • Wood Flooring
  • 1 Fireplace
  • Upgraded Countertops

About This Home

As of January 2023

STOP!!..MAJOR PRICE DECREASE!!.....THE BEST NEWLY RENOVATED Cape Cod with 5 bedrooms, 3 full-baths, and 3 finished levels in popular Chestnut Ridge Manor! This residence has a NEW kitchen with all NEW Stainless Steel Appliances, NEW floors, NEW recessed lighting throughout, All NEW Bathrooms, NEW HVAC, and MORE!! There are 2 Main Level Bedrooms and 2 upper-level nice size rooms with plenty of closet space and 2 breathtaking full-baths with elegant finishes. Lower level has a large family room excellent for entertaining. Fabulous flat yard with driveway and street parking. LOCATION, LOCATION, LOCATION.....walking distance to Sligo Creek Park, Sligo Creek Trail, and to Sligo-Dennis Avenue Local Park (playground, softball field, lighted baseball field, lighted tennis courts). Approximately less than 2 miles to Westfield Wheaton (Target, Costco), Forest Glen Metro, Safeway, Woodmoor Shopping Center, and MORE!..... GREAT LOCATION...GREAT VALUE!!! ......*3-2-1 Buydown rates subject to market .......HURRY, THIS IS A MUST-SEE!!

Last Agent to Sell the Property

Antoinette King

(301) 910-5448 a.king1agent@gmail.com TTR Sotheby's International Realty License #668550 Listed on: 07/22/2022

TTR Sotheby's International Realty

Co-Listed By

Paul Biciocchi

(301) 518-6999 paulbiciocchiforum@gmail.com Forum Properties, Inc.

Last Buyer's Agent

Simon Timm

(646) 639-5563 simon.timm@cbrealty.com Coldwell Banker Realty License #678994

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,626

Year Built

  • Built in 1951 | Remodeled in 2022

Lot Details

  • 5,562 Sq Ft Lot
  • Property is Fully Fenced
  • Wood Fence
  • Property is in excellent condition
  • Property is zoned R60

Parking

  • 2 Parking Spaces

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Brick Exterior Construction
  • Permanent Foundation

Interior Spaces

  • Property has 3 Levels
  • Recessed Lighting
  • 1 Fireplace
  • Family Room Off Kitchen
  • Wood Flooring

Kitchen

  • Six Burner Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Windows

Utilities

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

Community Details

  • No Home Owners Association
  • Chestnut Ridge Manor Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 161301223968

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,626

Year Built

Built in 1951 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod, Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2022-07-22
  • Year Built: 1951
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Dryer
  • Interior Amenities: Entry Level Bedroom, Family Room Off Kitchen, Recessed Lighting, Tub Shower, Upgraded Countertops, Wood Floors
  • Fireplaces Count: 1
  • Foundation Details: Permanent
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished, Heated, Windows
  • Total Sq Ft: 2080
  • Living Area Sq Ft: 1648
  • Price Per Sq Ft: 460.74
  • Above Grade Finished Sq Ft: 1248
  • Below Grade Finished Sq Ft: 400
  • Below Grade Sq Ft: 432
  • Total Below Grade Sq Ft: 832
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main 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: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Fully, Wood
  • Improvement Assessed Value: 182900.00
  • Land Assessed Value: 177100.00
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5562.00
  • Property Condition: Excellent
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14025209
  • Tax Annual Amount: 4626.00
  • Assessor Parcel Number: 161301223968
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Jan 12, 2023
Sold by
Rjre Investments Llc
Bought by
Reisler Cheston William
Seller's Agent
Antoinette King
TTR Sotheby's International Realty
Buyer's Agent
Simon Timm
Coldwell Banker Realty
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
50
Current Estimated Value
$608,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,057
Avg. Annual Appreciation
3.52%
Original Mortgage
$495,000
Outstanding Balance
$479,382
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$128,675

Purchase Details

Closed on
Mar 11, 2021
Sold by
Ortez Luis A and Ortez Carmen
Bought by
Rjre Investments Llc

Purchase Details

Closed on
Mar 13, 2006
Sold by
Ortez Luis A
Bought by
Ortez Luis A and Ortez Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 29, 2005
Sold by
Ortez Luis A
Bought by
Ortez Luis A and Ortez Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 1998
Sold by
Curtis 4Th & L J Wright
Bought by
Luis A Ortez
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
Reisler Cheston William $550,000 Fidelity National Title
Reisler Cheston William $550,000 Fidelity National Title
Rjre Investments Llc $363,202 Old Republic Natl Ttl Ins Co
Ortez Luis A $64,000 --
Ortez Luis A $64,000 --
Luis A Ortez $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reisler Cheston William $495,000
Closed Reisler Cheston William $495,000
Previous Owner Ortez Luis A $170,000
Previous Owner Ortez Luis A $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $550,000 -4.3% $334 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $575,000 0.0% $349 / Sq Ft
11/23/2022 11/23/22 For Sale $575,000 +4.5% $349 / Sq Ft
11/15/2022 11/15/22 Off Market $550,000 -- --
11/03/2022 11/03/22 Price Changed $598,000 0.0% $363 / Sq Ft
11/03/2022 11/03/22 For Sale $598,000 +8.7% $363 / Sq Ft
11/02/2022 11/02/22 Off Market $550,000 -- --
08/04/2022 08/04/22 Price Changed $599,000 -6.4% $363 / Sq Ft
07/22/2022 07/22/22 For Sale $640,000 -- $388 / 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 $6,394 $557,900 $177,100 $380,800
2024 $6,394 $491,933 $0 $0
2023 $4,919 $425,967 $0 $0
2022 $4,626 $360,000 $177,100 $182,900
2021 $4,477 $352,400 $0 $0
2020 $7,332 $344,800 $0 $0
2019 $3,547 $337,200 $177,100 $160,100
2018 $3,458 $331,367 $0 $0
2017 $3,453 $325,533 $0 $0
2016 $3,010 $319,700 $0 $0
2015 $3,010 $314,567 $0 $0
2014 $3,010 $309,433 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2062200

Bright MLS

APN: 13-01223968