NOT LISTED FOR SALE

Estimated Value: $831,000 - $952,000

5 Beds
3.5 Baths
3,108 Sq Ft
$285/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $810,000 $261 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,487/month

32 Days on Market

Highlights

  • Remodeled in 2022
  • Eat-In Gourmet Kitchen
  • Colonial Architecture
  • Highland View Elementary School Rated A
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of August 2023

PRICE IMPROVEMENT! 205 E Franklin Avenue, perched high above the street; standing for attention, commanding yours. This house has been immaculately reimagined and is awaiting your arrival. Upon entry, you are flooded with an abundance of natural light from every angle, nook, and crevice! A stunning view through the entire main floor, a perfect space for entertaining guest with its simplistic luxurious design, this first impression is surely to amaze you. An open concept kitchen and breakfast area, flanking to the right where you have the expansive living room and main level bedroom or perfect home office space. Upstairs you are greeted with 3 generously sized bedrooms each plenty of natural light and closet space and an upper level laundry room. The owners suite is a true dream! Owners suite is situated with large walk in closet and an exquisite owners suite bathroom with rainfall shower (with multiple shower heads) and a free standing tub! In the basement, a huge rec room with tremendous entertaining space for guest. Down here you will also find another bedroom with an additional full bathroom! Backyard fully landscaped with new sod, new patio area, and fully fenced in yard for family, guest, and the fur babies. Plenty of parking in front with the BRAND NEW DRIVEWAY! Space for at least 4 cars!

This is the home for you! 2 Miles to Downtown Silver Spring, the new Purple Line, and easy commuting routes (495, ICC, and 270)! Silver Spring has been voted #3 in America of places to live for families (fortune magazine)! This home embodies what the everyday buyer is looking for with an amazing location and this is the home for you! Call your agent and schedule your showing today!

Walk-through video on YouTube: 205 E Franklin Avenue, Silver Spring

Last Agent to Sell the Property

Aaron Adams

(443) 285-2957 aaronadams@kw.com Keller Williams Capital Properties License #SP98377236 Listed on: 06/22/2023

Keller Williams Capital Properties

Last Buyer's Agent

Muller Dessie

(301) 366-6058 muller@happyhomesdc.com EXP Realty, LLC

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,026

Year Built

  • Built in 1940 | Remodeled in 2022

Lot Details

  • 5,740 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R60

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Architectural Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Carpet
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Gas Oven or Range
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Basement with some natural light

Accessible Home Design

  • Halls are 36 inches wide or more
  • More Than Two Accessible Exits

Utilities

  • 90% Forced Air Zoned Heating and Cooling System
  • 60 Gallon+ Water Heater

Community Details

  • No Home Owners Association
  • Indian Spring Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 161301014365

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,026

Year Built

Built in 1940 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits, 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 6/22/2023 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 1940
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: PRICE IMPROVEMENT! 205 E Franklin Avenue, perched high above the street; standing for attention, commanding yours. This house has been immaculately reimagined and is awaiting your arrival. Upon entry, you are flooded with an abundance of natural light from every angle, nook, and crevice! A stunning view through the entire main floor, a perfect space for entertaining guest with its simplistic luxurious design, this first impression is surely to amaze you. An open concept kitchen and breakfast area, flanking to the right where you have the expansive living room and main level bedroom or perfect home office space. Upstairs you are greeted with 3 generously sized bedrooms each plenty of natural light and closet space and an upper level laundry room. The owners suite is a true dream! Owners suite is situated with large walk in closet and an exquisite owners suite bathroom with rainfall shower (with multiple shower heads) and a free standing tub! In the basement, a huge rec room with tremendous entertaining space for guest. Down here you will also find another bedroom with an additional full bathroom! Backyard fully landscaped with new sod, new patio area, and fully fenced in yard for family, guest, and the fur babies. Plenty of parking in front with the BRAND NEW DRIVEWAY! Space for at least 4 cars! This is the home for you! 2 Miles to Downtown Silver Spring, the new Purple Line, and easy commuting routes (495, ICC, and 270)! Silver Spring has been voted #3 in America of places to live for families (fortune magazine)! This home embodies what the everyday buyer is looking for with an amazing location and this is the home for you! Call your agent and schedule your showing today! Walk-through video on YouTube: 205 E Franklin Avenue, Silver Spring
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Oven/Range - Gas, Washer, Water Heater
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island
  • Fireplace: No
  • Wall Ceiling Types: High, Dry Wall
  • Foundation Details: Brick/Mortar, Block
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Partial, Full
  • Basement Finished Percent: 100.00
  • Laundry Type: Upper Floor
  • Total Sq Ft: 3108
  • Living Area Sq Ft: 3108
  • Price Per Sq Ft: 390.80
  • Above Grade Finished Sq Ft: 2175
  • Below Grade Finished Sq Ft: 933
  • Total Below Grade Sq Ft: 933
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 205

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: Yes
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Land Use Code: R
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5740.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6026.00
  • Assessor Parcel Number: 161301014365
  • Tax Lot: 16
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/25/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 21, 2023
Sold by
Rwd Properties Llc
Bought by
Ribbiso Melkamsew A and Abera Hayelom F
Seller's Agent
Aaron Adams
Keller Williams Capital Properties
Buyer's Agent
Muller Dessie
EXP Realty, LLC
List Price
$899,900
Sold Price
$810,000
Premium/Discount to List
-$89,900
-9.99%
Views
272
Current Estimated Value
$886,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,680
Avg. Annual Appreciation
4.38%
Original Mortgage
$753,300
Outstanding Balance
$736,135
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$150,545

Purchase Details

Closed on
Jun 30, 2021
Sold by
Matthews Thomas P
Bought by
Rwd Properties Llc

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 10, 2019
Sold by
Peak Alison Reynolds and Peak Nathan M
Bought by
Matthews Thomas P
Seller's Agent
David Goldberg
Goldberg Group Real Estate
Buyer's Agent
Daisha Gregory
Long & Foster Real Estate, Inc.
List Price
$490,000
Sold Price
$485,000
Premium/Discount to List
-$5,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$436,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2007
Sold by
Horton Amy
Bought by
Reynolds Alison L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2007
Sold by
Horton Amy
Bought by
Reynolds Alison L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Maslin Pascale
Bought by
Horton Amy

Purchase Details

Closed on
Sep 15, 2000
Sold by
Coughlin Jean and Coughlin Michel
Bought by
Maslin Pascale
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ribbiso Melkamsew A $810,000 Stewart Title Guaranty Company
Rwd Properties Llc $540,000 Eagle Title Llc
Matthews Thomas P $485,000 Rgs Title
Reynolds Alison L $465,000 --
Reynolds Alison L $465,000 --
Horton Amy $373,000 --
Maslin Pascale $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ribbiso Melkamsew A $753,300
Previous Owner Matthews Thomas P $436,500
Previous Owner Reynolds Alison L $465,000
Previous Owner Reynolds Alison L $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2023 08/25/23 Sold $810,000 -4.7% $261 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/05/2023 07/05/23 Price Changed $849,995 -5.5% $273 / Sq Ft
06/22/2023 06/22/23 For Sale $899,900 +85.5% $290 / Sq Ft
05/03/2019 05/03/19 Sold $485,000 -1.0% $236 / Sq Ft View Prior Sale
04/03/2019 04/03/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $490,000 0.0% $238 / Sq Ft
06/16/2015 06/16/15 Rented $2,600 0.0% --
06/16/2015 06/16/15 Under Contract -- -- --
05/14/2015 05/14/15 For Rent $2,600 -- --
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 $9,214 $766,500 -- --
2024 $9,214 $736,900 $228,800 $508,100
2023 $8,993 $719,500 $0 $0
2022 $6,026 $486,867 $0 $0
2021 $5,148 $476,000 $228,800 $247,200
2020 $4,641 $433,167 $0 $0
2019 $4,825 $390,333 $0 $0
2018 $4,328 $347,500 $207,900 $139,600
2017 $3,773 $347,500 $0 $0
2016 -- $347,500 $0 $0
2015 $3,717 $350,000 $0 $0
2014 $3,717 $350,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2097164

Bright MLS

APN: 13-01014365