NOT LISTED FOR SALE

224 Farmgate Ln Silver Spring, MD 20905

Estimated Value: $707,000 - $778,000

4 Beds
2.5 Baths
2,385 Sq Ft
$305/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $531,000 $223 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,334/month

8 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Screened Porch
  • Stonegate Elementary School Rated A-
  • No HOA
  • Community Pool

About This Home

As of July 2020

GREAT HOME !! Large lay out see lay-out in disclosures. The Home is a solid structure of Stone and Siding, This was the Model home in the day. The home is priced for quick sale. Seller may not counter any offer. Highest and Best offer will present all offers on Wednesday July 1. The Home was well cared for however being sold As-Is. Schedule On-line. NO SIGN ON THE PROPERTY YET

Last Agent to Sell the Property

Francis DeSouza

(301) 908-9627 realtor.fdesouza@gmail.com Long & Foster Real Estate, Inc. License #594488 Listed on: 06/23/2020

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Rex Thomas

(240) 593-7680 rexthomas97@gmail.com Samson Properties

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1980

Lot Details

  • 0.47 Acre Lot
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2,385 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 160500369212

Community Details

Overview

  • No Home Owners Association
  • Stonegate Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,707

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Screened Porch
  • Basement: Yes
  • Total Sq Ft: 2385
  • Living Area Sq Ft: 2385
  • Price Per Sq Ft: 220.13
  • Above Grade Finished Sq Ft: 2385
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 308.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 170200.00
  • Land Assessed Value: 310000.00
  • Lot Size Acres: 0.47
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20577.00
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 13842562
  • Tax Annual Amount: 5707.00
  • Assessor Parcel Number: 160500369212
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jul 27, 2020
Sold by
Kascic Barbara and Kascic Michael J
Bought by
Abraham Jiji and Abraham Beena
Seller's Agent
Francis DeSouza
Long & Foster Real Estate, Inc.
Buyer's Agent
Rex Thomas
Samson Properties
List Price
$525,000
Sold Price
$531,000
Premium/Discount to List
$6,000
1.14%
Current Estimated Value
$726,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,296
Avg. Annual Appreciation
5.87%
Original Mortgage
$504,450
Outstanding Balance
$448,309
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$277,987

Purchase Details

Closed on
Jul 14, 1986
Bought by
Kascic Michael J and Kascic B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Abraham Jiji $531,000 First American Title Ins Co
Kascic Michael J $213,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abraham Jiji $504,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $531,000 +1.1% $223 / Sq Ft
07/02/2020 07/02/20 For Sale $525,000 -1.1% $220 / Sq Ft
07/01/2020 07/01/20 Off Market $531,000 -- --
06/23/2020 06/23/20 For Sale $525,000 -- $220 / 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 $6,756 $579,767 -- --
2024 $6,756 $534,133 $0 $0
2023 $5,516 $488,500 $310,000 $178,500
2022 $5,203 $485,733 $0 $0
2021 $5,108 $482,967 $0 $0
2020 $2,521 $480,200 $310,000 $170,200
2019 $5,016 $480,200 $310,000 $170,200
2018 $2,514 $480,200 $310,000 $170,200
2017 $5,002 $483,600 $0 $0
2016 -- $462,867 $0 $0
2015 $5,063 $442,133 $0 $0
2014 $5,063 $421,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC713258

Bright MLS

APN: 05-00369212