NOT LISTED FOR SALE

1940 Wallace Ave Silver Spring, MD 20902

Estimated Value: $871,000 - $986,672

6 Beds
3.5 Baths
4,274 Sq Ft
$215/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $580,000 $136 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,696/month

Highlights

  • 0.56 Acre Lot
  • Colonial Architecture
  • Two Story Ceilings
  • Open Floorplan
  • Deck
  • Wood Flooring

About This Home

As of May 2014

Beautiful Stylish home with many new upgrades & features open flow,new carpet,new stainless steel appliances,granite counters,hwood floors,ceramic tile and much more. Great location house overlooks to brookside gardens, abundant day light & walk to metro and shopping location. Ready to move in.

Last Agent to Sell the Property

Claudia Palacios

(240) 832-2555 cp@sthld.com Smart Realty, LLC License #612538 Listed on: 03/27/2014

Smart Realty, LLC

Last Buyer's Agent

Zach Lipson

(301) 461-7613 zach@jasonmartingroup.com Real Broker, LLC License #SP98370927

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,678

Year Built

  • Built in 1996

Lot Details

  • 0.56 Acre Lot
  • Property is in very good condition
  • Property is zoned R90

Parking

  • 2 Car Attached Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Tray Ceiling
  • Two Story Ceilings
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Double Pane Windows
  • Palladian Windows
  • Bay Window
  • Sliding Doors
  • Six Panel Doors
  • Family Room
  • Dining Room
  • Library
  • Game Room
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 10
  • Assessor Parcel Number 161303132933
  • $397 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,678

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 32"+ Wide Doors, 36"+ Wide Halls
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Gas, Refrigerator, Washer, Trash Compactor
  • Interior Amenities: Kitchen - Island, Dining Area, Upgraded Countertops, Master Bath(s), Wood Floors, Recessed Lighting, Floor Plan - Open
  • Window Features: Bay/Bow, Double Pane, Palladian
  • Fireplace Features: Equipment, Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Six Panel, Sliding Glass, Storm
  • Wall Ceiling Types: Tray Ceilings, 9'+ Ceilings, 2 Story Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Library
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Rear Entrance, Fully Finished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 4274
  • Living Area Sq Ft: 4274
  • Price Per Sq Ft: 183.23
  • Above Grade Finished Sq Ft: 3274
  • Below Grade Finished Sq Ft: 1000
  • Total Below Grade Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Lower Level Bedroom: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame, Stone, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Paved Driveway, Asphalt Driveway
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, On Street, Attached Garage

Utilities

  • Refuse: 368.66
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central, Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 400000.00
  • Land Assessed Value: 202300.00
  • Lot Size Acres: 0.56
  • Lot Size Area: 24397
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24397.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2014
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14066676
  • Tax Annual Amount: 7678.00
  • Assessor Parcel Number: 161303132933
  • Tax Lot: 10
  • Tax Total Finished Sq Ft: 3090
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 05/30/2014

Multi Family

  • Front Foot Fee: 396.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2014
Closed on
May 23, 2014
Sold by
Campos Juan F and Campos Judith G
Bought by
Jobling Scott and Urban Jessica L
Seller's Agent
Claudia Palacios
Smart Realty, LLC
Buyer's Agent
Zach Lipson
Real Broker, LLC
List Price
$649,900
Sold Price
$580,000
Premium/Discount to List
-$69,900
-10.76%
Current Estimated Value
$918,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,668
Avg. Annual Appreciation
4.12%
Original Mortgage
$522,000
Outstanding Balance
$396,930
Interest Rate
4.27%
Mortgage Type
New Conventional
Estimated Equity
$521,738

Purchase Details

Closed on
Aug 11, 2005
Sold by
Bah Bassirou and Bah D D
Bought by
Campos Juan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 1997
Sold by
Glenallan Oaks Llc
Bought by
D Bassirou and D Bah D
Source: Public Records

Range of Values:

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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
Jobling Scott $580,000 Cla Title & Escrow
Campos Juan F $680,000 --
D Bassirou $341,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jobling Scott $522,000
Previous Owner Campos Juan F $359,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $580,000 -3.3% $136 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
04/08/2014 04/08/14 Price Changed $599,900 -7.7% $140 / Sq Ft
03/27/2014 03/27/14 For Sale $649,900 -- $152 / 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 $9,841 $844,700 $202,300 $642,400
2024 $9,841 $791,300 $0 $0
2023 $8,513 $737,900 $0 $0
2022 $7,515 $684,500 $202,300 $482,200
2021 $6,638 $649,367 $0 $0
2020 $6,638 $614,233 $0 $0
2019 $6,214 $579,100 $202,300 $376,800
2018 $6,149 $574,967 $0 $0
2017 $6,207 $570,833 $0 $0
2016 -- $566,700 $0 $0
2015 $7,012 $566,700 $0 $0
2014 $7,012 $566,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002903394

Bright MLS

APN: 13-03132933