NOT LISTED FOR SALE

2012 Wallace Ave Silver Spring, MD 20902

Estimated Value: $714,000 - $791,000

0.34 Acre
$2,207,812 Price per Acre
14,810 Sq Ft Lot

Last Sold April 16, 2015

Last sale price $86,000

Est. 773% increase in value since last sale

Current estimated payment $4,752/month

About This Lot

As of April 2015

LAND ONLY CLOSE TO GLENMONT METRO SEE ATTACHMENT FOR PAS REQUIREMENTS AND WFMH OFFER AND SUBMITTAL INFORMATION IN THE MLS DOCUMENT SECTION

Last Agent to Sell the Property

John Radcliffe

jradrltr@aol.com Weichert, REALTORS Listed on: 07/10/2014

Weichert, REALTORS

Last Buyer's Agent

Rita McCoy

(202) 251-2185 ritamccoy.rltr@gmail.com Weichert, REALTORS

Weichert, REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,127

Lot Details

  • 0.34 Acre Lot
  • Property is zoned R90

Utilities

  • No Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 161303502378

Property Details

Property Type

Land

Est. Annual Taxes

$2,127

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 6.73

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: No Septic System

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.34
  • Lot Size Area: 14838
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14838.00
  • Soil Types: Neshaminy-Urban Land
  • Year Assessed: 2014
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14100681
  • Tax Annual Amount: 2126.64
  • Assessor Parcel Number: 161303502378
  • Tax Lot: 32
  • County Tax Payment Frequency: Annually
  • Tax Year: 2013
  • Close Date: 04/16/2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2018
Sold by
Betancourt Angel A
Bought by
Betancourt Angel A and Montanez Sara Elena
Current Estimated Value
$750,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 10, 2014
Closed on
Apr 7, 2015
Sold by
Wells Fargo Bank Na
Bought by
Betancourt Angel A
Seller's Agent
John Radcliffe
Weichert, REALTORS
Buyer's Agent
Rita McCoy
Weichert, REALTORS
List Price
$148,000
Sold Price
$86,000
Premium/Discount to List
-$62,000
-41.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.89%

Purchase Details

Closed on
Jun 17, 2014
Sold by
Hernandez Situ Luis Amadeo and Yanai Mik
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 25, 2007
Sold by
Fraser and Hidalgo David
Bought by
Hernande and Yanai Miki Yanai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2007
Sold by
Fraser and Hidalgo David
Bought by
Hernande and Yanai Miki Yanai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Betancourt Angel A -- Hutton Patt Title & Escrow
Betancourt Angel A $86,000 Stewart Title Guaranty Co
Wells Fargo Bank Na $104,986 None Available
Hernande $269,000 --
Hernande $269,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Betancourt Angel A $535,000
Previous Owner Hernande $201,750
Previous Owner Hernande $201,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2015 04/16/15 Sold $86,000 -41.9% --
03/12/2015 03/12/15 Pending -- -- --
07/10/2014 07/10/14 For Sale $148,000 -- --
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 $9,212 $656,100 $187,600 $468,500
2024 $9,212 $631,767 $0 $0
2023 $8,530 $633,633 $0 $0
2022 $7,621 $583,100 $187,600 $395,500
2021 $7,461 $579,900 $0 $0
2020 $7,461 $576,700 $0 $0
2019 $8,085 $573,500 $187,600 $385,900
2018 $2,072 $187,600 $187,600 $0
2017 $2,110 $187,600 $0 $0
2016 $2,010 $187,600 $0 $0
2015 $2,010 $187,600 $0 $0
2014 $2,010 $187,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Radcliffe

    Weichert Corporate

    56 Total Sales

    John Radcliffe
    Section Image
  • Rita McCoy

    Buyer's Agent in 2015

    Rita McCoy

    Weichert Corporate

    (202) 251-2185

    14 Total Sales

    Rita McCoy
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003103990

Bright MLS

APN: 13-03502378

Maryland Montgomery County Silver Spring 20902

2012 Wallace Ave, Silver Spring, MD

This home is located at 2012 Wallace Ave, Silver Spring, MD 20902 since 10 July 2014 and is currently estimated at $750,656. 2012 Wallace Ave is a home located in Montgomery County with nearby schools including Glenallan Elementary School, Odessa Shannon Middle School, and John F. Kennedy High School.

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