201 Franklin Ave Silver Spring, MD 20901
Indian Spring Neighborhood
4
Beds
2.5
Baths
2,070
Sq Ft
8,121
Sq Ft Lot
Highlights
- Colonial Architecture
- Recreation Room
- 1 Fireplace
- Highland View Elementary School Rated A
- Wood Flooring
- Corner Lot
About This Home
As of May 2025This elegant 4 bedroom, 2.5 bathroom brick colonial is located in the highly desirable Indian Spring neighborhood with an attached garage. The home offers over 2,000 square feet on a fantastic corner lot that spans over 8,000 square feet, complete with a flat backyard. The main level features a primary bedroom with an en-suite bathroom, a walk-in closet, and a skylight, as well as a convenient washer and dryer. The large living room, with a gas fireplace and brick surround, leads to a spacious dining room adjacent to the kitchen. The kitchen has been recently modernized with quartz counters and stainless steel appliances. Other highlights include a main-level powder room and beautiful hardwood floors that add to the home's appeal. The upper level includes a spacious bathroom and three additional well-sized bedrooms. Conveniently located inside the Beltway, it is in close proximity to Sligo Creek Park and a quick drive to the METRO and MARC trains. Downtown Silver Spring's shopping amenities are within a mile.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,200
Year Built
- Built in 1948
Lot Details
- 8,121 Sq Ft Lot
- Corner Lot
- Property is zoned R60
Parking
- 1 Car Attached Garage
- 3 Driveway Spaces
- Side Facing Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Asphalt Roof
Interior Spaces
- Property has 3 Levels
- 1 Fireplace
- Recreation Room
- Basement
Kitchen
- Gas Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
Schools
- Northwood High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Indian Spring Subdivision
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 161301213606
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2025
Closed on
May 22, 2025
Sold by
Ott Timothy C and Ott Kathryn M
Bought by
Lane Melissa and Lane Van Til
Seller's Agent
Chad Dudley
Compass
Buyer's Agent
Licia Galinsky
Branches Realty
List Price
$669,000
Sold Price
$675,000
Premium/Discount to List
$6,000
0.9%
Total Days on Market
4
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.79%
Original Mortgage
$236,250
Outstanding Balance
$236,250
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$458,262
Purchase Details
Listed on
Mar 23, 2022
Closed on
Apr 29, 2022
Sold by
Gaughan Marguerite P
Bought by
Gaughan John A and Ott Kathryn M
Seller's Agent
Thomas Riley
TTR Sotheby's International Realty
Buyer's Agent
Timothy O'Boyle
Mackintosh, Inc.
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Original Mortgage
$512,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Similar Homes in Silver Spring, MD
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $675,000 | Kvs Title | |
| Personal Reps Deed | $640,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $236,250 | New Conventional | |
| Previous Owner | $512,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $675,000 | +0.9% | $326 / Sq Ft |
| 04/27/2025 04/27/25 | Pending | -- | -- | -- |
| 04/23/2025 04/23/25 | For Sale | $669,000 | +4.5% | $323 / Sq Ft |
| 04/29/2022 04/29/22 | Sold | $640,000 | -1.5% | $309 / Sq Ft |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- |
| 03/23/2022 03/23/22 | For Sale | $650,000 | -- | $314 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,200 | $475,100 | $266,200 | $208,900 |
| 2023 | $6,784 | $467,733 | $0 | $0 |
| 2022 | $5,734 | $460,367 | $0 | $0 |
| 2021 | $5,586 | $453,000 | $266,200 | $186,800 |
| 2020 | $5,389 | $438,267 | $0 | $0 |
| 2019 | $521 | $423,533 | $0 | $0 |
| 2018 | $4,516 | $408,800 | $266,200 | $142,600 |
| 2017 | $4,491 | $393,867 | $0 | $0 |
| 2016 | -- | $378,933 | $0 | $0 |
| 2015 | $3,966 | $364,000 | $0 | $0 |
| 2014 | $3,966 | $364,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Dudley
Seller's Agent in 2025
Chad Dudley
Compass
(240) 994-8625
1 in this area
251 Total Sales
-
Licia Galinsky
Buyer's Agent in 2025
Licia Galinsky
Branches Realty
(301) 641-4609
1 in this area
35 Total Sales
-
Thomas Riley
Seller's Agent in 2022
Thomas Riley
TTR Sotheby's International Realty
(301) 351-3897
1 in this area
60 Total Sales
-
Timothy O'Boyle
Buyer's Agent in 2022
Timothy O'Boyle
Mackintosh, Inc.
(240) 409-3151
1 in this area
83 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2175562
APN: 13-01213606
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