NOT LISTED FOR SALE

1618 Ballard St Silver Spring, MD 20910

Estimated Value: $1,167,000 - $1,263,000

0.2 Acre
$6,033,045 Price per Acre
8,723 Sq Ft Lot

Last Sold July 30, 2013

Last sale price $125,000

Est. 865% increase in value since last sale

Current estimated payment $7,175/month

1,354 Days on Market

About This Lot

As of July 2013

Short sale handled by Jill Michaels. Large private lot at dead end off Ballard next to newer homes. Walk to downtown Silver Spring. Wide and deep lot. Check comps at 1614 Ballard. Call P&P regarding potential historic exterior requirements.

Last Agent to Sell the Property

Liz Brent

(301) 565-2523 Liz@GoBrent.co GO BRENT, INC. License #BR200200488 Listed on: 08/26/2009

Last Buyer's Agent

Tef Makonnen

(301) 718-0010 gary.cuff@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 8,723 Sq Ft Lot
  • No Building Permits
  • Property is zoned R60

Utilities

  • Water Service Lateral Not Installed
  • Water Source Within 50 Feet
  • Public Hookup Available For Sewer
  • Lateral or Tap On-Site
  • Sewer Tap Fee
  • Sewer Within 50 Feet

Community Details

  • No Home Owners Association
  • Woodside Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 161301089427

Property Details

Property Type

Land

Lot Details

8,723 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • New Construction: No
  • Special Features: 12
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 19.09

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Lateral/Tap On Site, Sewer Tap Fee, Public Hook/Up Avail, Public Sewer, Within 50 Ft
  • Water Source: Lateral Not Installed/Must Tap Off Main, Public, Public Hook-Up Available, Within 50 Ft

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Lot Size Acres: 0.20
  • Lot Size Area: 8723
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8723.00
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 161301089427
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2009
Closed on
Jul 19, 2013
Sold by
Overton Homes Inc
Bought by
Makonnen Teferi and Kebede Fasika
Seller's Agent
Liz Brent
GO BRENT, INC.
Buyer's Agent
Tef Makonnen
Coldwell Banker Realty
List Price
$390,000
Sold Price
$125,000
Premium/Discount to List
-$265,000
-67.95%
Current Estimated Value
$1,206,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,081,609
Avg. Annual Appreciation
19.71%
Original Mortgage
$93,750
Outstanding Balance
$69,672
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,136,937

Purchase Details

Closed on
Jun 11, 2007
Sold by
Singh Sarabjit
Bought by
Overton Homes Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Makonnen Teferi $125,000 Fidelity Natl Title Ins Co
Overton Homes Inc $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Makonnen Teferi $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $125,000 -67.9% --
05/11/2013 05/11/13 Pending -- -- --
08/26/2009 08/26/09 For Sale $390,000 -- --
Source: Bright MLS

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 $11,736 $1,055,433 -- --
2024 $11,736 $950,000 $352,900 $597,100
2023 $10,757 $927,200 $0 $0
2022 $10,001 $904,400 $0 $0
2021 $9,384 $881,600 $352,900 $528,700
2020 $9,384 $872,867 $0 $0
2019 $9,253 $864,133 $0 $0
2018 $9,143 $855,400 $352,900 $502,500
2017 $9,856 $843,000 $0 $0
2016 $2,347 $328,100 $0 $0
2015 $2,347 $315,700 $0 $0
2014 $2,347 $315,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Liz Brent

    Seller's Agent in 2013

    Liz Brent

    GO BRENT, INC.

    (202) 321-2651

    13 in this area

    61 Total Sales

    Liz Brent
    Section Image
  • Tef Makonnen

    Buyer's Agent in 2013

    Tef Makonnen

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (301) 529-6261

    8 Total Sales

    Tef Makonnen
    Section Image
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Map

Source: Bright MLS

MLS Number: 1005484948

Bright MLS

APN: 13-01089427

Maryland Montgomery County Silver Spring 20910

1618 Ballard St, Silver Spring, MD

Not Listed for Sale

Lots

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