Seller's Agent in 2021
Corey Savelson
Long & Foster
(301) 602-7073
6 in this area
144 Total Sales
1916 Arcola Ave Silver Spring, MD 20902
Estimated Value: $711,000 - $789,037
4
Beds
5
Baths
3,310
Sq Ft
$223/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- No HOA
- Forced Air Heating and Cooling System
- 2 Fireplaces
About This Home
As of April 2021Incredible find!! They don't come around like this one too often! You must see this to explore all the possibilities it offers! 4 bedrooms plus a guest room & 5 full baths! Many new updates and modifications! The main house has a fantastic Cape Cod design that includes an upgraded kitchen with granite and stainless steel, 2 fireplaces, hardwood floors on the main and upper levels, main level bedroom &full bath, a gorgeous split staircase, 2 upper level master suites, finished walkout basement with a terrific separate in law suite/guest suite floor plan, 3 refrigerators & the list goes on. In addition to that, the home has a separate attached 1BR/1FB rambler style unit that's perfect for a potential licensed accessory rental unit including its own entrance. Owner rented the attached unit for an average of $1,300 including utilities as well as other section of the home for great value. Was a terrific hit on Airbnb too! New main house energy efficient central HVAC system w/ Nest t-stat & separate unit inverter split HVAC system! Great exterior porch off the living room too! The owner has just had the interior and exterior of the home completely repainted for a fresh new look, as well as implemented other fantastic changes to improve the entire property significantly. Plenty of room for outdoor entertaining and recreation with nearly 1/3 of an acre plus its convenient driveway/off street parking for 5-7 cars accessed from the side street. All this plus walk to the Metro as well as the spectacular Wheaton Regioinal Park complete with magnificent walking trails, playgrounds, dog park, ice arena, tennis courts & ball fields! See the virtual 3D tour for more info! Don't miss this tremendous value!
Last Agent to Sell the Property
(301) 424-0900 csavelson@lnf.com Long & Foster Real Estate, Inc. License #304278 Listed on: 02/20/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,809
Year Built
- Built in 1951
Lot Details
- 0.31 Acre Lot
- Property is zoned R90
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
Interior Spaces
- Property has 3 Levels
- 2 Fireplaces
Bedrooms and Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Rear Basement Entry
Parking
- 5 Parking Spaces
- 5 Driveway Spaces
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Wheaton View Subdivision
Listing and Financial Details
- Tax Lot P1
- Assessor Parcel Number 161301393412
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2021
Closed on
Apr 5, 2021
Sold by
Gautam Shashwat
Bought by
Mehari Taddese Zelalem and Gebreyohanes Elisabeth Aseffa
Seller's Agent
Corey Savelson
Long & Foster Real Estate, Inc.
Buyer's Agent
Kiros Asmamaw
Heymann Realty, LLC
List Price
$595,000
Sold Price
$615,000
Premium/Discount to List
$20,000
3.36%
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
$123,759
Avg. Annual Appreciation
3.84%
Original Mortgage
$553,500
Outstanding Balance
$497,572
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$241,187
Purchase Details
Listed on
Oct 27, 2015
Closed on
May 17, 2016
Sold by
Hernanez Marcelo
Bought by
Guatam Shashwat
Seller's Agent
Frank Davis
Fairfax Realty Premier
Buyer's Agent
Rosina del Monaco Morales
Compass
List Price
$425,000
Sold Price
$397,000
Premium/Discount to List
-$28,000
-6.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%
Original Mortgage
$357,300
Interest Rate
3.59%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 31, 2011
Sold by
Zapata Luis A and Gabin Maximo A
Bought by
Hernandez Marcelo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,282
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 27, 2006
Sold by
Williams Patrick D
Bought by
Zapata Luis A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.33%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Oct 31, 2006
Sold by
Williams Patrick D
Bought by
Zapata Luis A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.33%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jul 6, 1995
Sold by
Curry Flossie
Bought by
Williams Patrick D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
7.84%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mehari Taddese Zelalem | $615,000 | Avalon Settlements Inc | |
| Guatam Shashwat | $397,000 | Old Republic National Title | |
| Hernandez Marcelo | $265,000 | Rgs Title Llc | |
| Zapata Luis A | $440,000 | -- | |
| Zapata Luis A | $440,000 | -- | |
| Williams Patrick D | $190,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mehari Taddese Zelalem | $553,500 | |
| Previous Owner | Guatam Shashwat | $357,300 | |
| Previous Owner | Hernandez Marcelo | $258,282 | |
| Previous Owner | Zapata Luis A | $88,000 | |
| Previous Owner | Zapata Luis A | $352,000 | |
| Previous Owner | Zapata Luis A | $352,000 | |
| Previous Owner | Williams Patrick D | $180,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2021 04/05/21 | Sold | $615,000 | +3.4% | $186 / Sq Ft | |
| 02/24/2021 02/24/21 | Pending | -- | -- | -- | |
| 02/20/2021 02/20/21 | For Sale | $595,000 | +49.9% | $180 / Sq Ft | |
| 05/17/2016 05/17/16 | Sold | $397,000 | -0.7% | $271 / Sq Ft | View Prior Sale |
| 12/24/2015 12/24/15 | Pending | -- | -- | -- | |
| 11/29/2015 11/29/15 | Price Changed | $399,900 | -4.8% | $273 / Sq Ft | |
| 11/16/2015 11/16/15 | Price Changed | $419,900 | -1.2% | $286 / Sq Ft | |
| 10/27/2015 10/27/15 | For Sale | $425,000 | -- | $290 / Sq Ft |
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 | $7,259 | $641,000 | $202,000 | $439,000 |
| 2024 | $7,259 | $567,067 | $0 | $0 |
| 2023 | $7,077 | $493,133 | $0 | $0 |
| 2022 | $4,587 | $419,200 | $202,000 | $217,200 |
| 2021 | $5,102 | $409,100 | $0 | $0 |
| 2020 | $9,911 | $399,000 | $0 | $0 |
| 2019 | $4,809 | $388,900 | $202,000 | $186,900 |
| 2018 | $3,879 | $369,500 | $0 | $0 |
| 2017 | $3,580 | $350,100 | $0 | $0 |
| 2016 | $3,514 | $330,700 | $0 | $0 |
| 2015 | $3,514 | $330,700 | $0 | $0 |
| 2014 | $3,514 | $330,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Savelson
-
Kiros Asmamaw
Buyer's Agent in 2021
Kiros Asmamaw
Heymann Realty, LLC
(202) 207-6036
8 in this area
131 Total Sales
-
Frank Davis
F
Seller's Agent in 2016
Frank Davis
Fairfax Realty Premier
(240) 210-3121
59 Total Sales
-
Rosina del Monaco Morales
Buyer's Agent in 2016
Rosina del Monaco Morales
Compass
(703) 906-3200
37 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC744176
APN: 13-01393412
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