224 University Blvd E Silver Spring, MD 20901
Silver Spring Park NeighborhoodEstimated payment $3,507/month
Total Views
6,894
4
Beds
2
Baths
1,928
Sq Ft
$283
Price per Sq Ft
Highlights
- Rambler Architecture
- 1 Fireplace
- Forced Air Heating and Cooling System
- Montgomery Knolls Elementary School Rated A
- No HOA
About This Home
Discover a versatile property at 224 University Blvd E, Silver Spring, MD 20901, offering both residential comfort and commercial potential. This single-family home spans 1,928 sq ft and features 4 bedrooms and 2 full bathrooms. Notably, the basement includes two additional rooms without windows, ideal for storage or office use. While the home may benefit from some cosmetic updates, its strategic location on a high-traffic street presents an excellent opportunity for rental income or business ventures such as daycare or insurance offices. The property boasts a separate basement entrance, a spacious fenced backyard, and driveway parking. Adding to its appeal, the ongoing construction of Maryland’s Purple Line—a 16-mile light rail system connecting Bethesda to New Carrollton—promises enhanced accessibility and potential appreciation in property value upon its anticipated completion in 2027. Don’t miss this unique opportunity to invest in a property with significant growth potential in a prime Silver Spring location.Available for rental too
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,548
Year Built
- Built in 1951
Lot Details
- 6,000 Sq Ft Lot
- Property is zoned R60
Parking
- Driveway
Home Design
- Rambler Architecture
- Brick Exterior Construction
Interior Spaces
- Property has 2 Levels
- 1 Fireplace
- Finished Basement
Bedrooms and Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Franklin Knolls Subdivision
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 161301355951
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,548 | $418,400 | $194,000 | $224,400 |
| 2023 | $6,002 | $399,867 | $0 | $0 |
| 2022 | $3,074 | $381,333 | $0 | $0 |
| 2021 | $3,900 | $362,800 | $194,000 | $168,800 |
| 2020 | $4,741 | $344,300 | $0 | $0 |
| 2019 | $3,421 | $325,800 | $0 | $0 |
| 2018 | $3,192 | $307,300 | $186,800 | $120,500 |
| 2017 | $4,383 | $298,533 | $0 | $0 |
| 2016 | $2,749 | $289,767 | $0 | $0 |
| 2015 | $2,749 | $281,000 | $0 | $0 |
| 2014 | $2,749 | $280,633 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Rent | $3,500 | 0.0% | -- |
| 05/21/2025 05/21/25 | For Sale | $545,000 | +47.3% | $283 / Sq Ft |
| 03/22/2017 03/22/17 | Sold | $370,000 | -2.6% | $328 / Sq Ft |
| 02/04/2017 02/04/17 | Pending | -- | -- | -- |
| 02/01/2017 02/01/17 | For Sale | $379,900 | -- | $337 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $370,000 | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $175,000 | -- | |
| Deed | -- | -- | |
| Deed | $129,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Closed | $296,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $65,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Silver Spring, MD
Source: Bright MLS
MLS Number: MDMC2182322
APN: 13-01355951
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