NOT LISTED FOR SALE

2702 Fairdale Terrace Silver Spring, MD 20905

Estimated Value: $398,000 - $418,631

3 Beds
1.5 Baths
1,653 Sq Ft
$249/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $310,000 $188 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,688/month

23 Days on Market

Highlights

  • Traditional Architecture
  • James Hubert Blake High School Rated A
  • Central Heating and Cooling System

About This Home

As of July 2020

Sweet town home on 3 levels is move-in ready! Motivated Seller! Bring All Offers! Townhouse Features 3 Bedrooms With 1 Full And 1 Half Baths, Renovated kitchen, Wooden Floors on main level, Deck facing the playground.

Last Agent to Sell the Property

Danny Padigalingam

RE/MAX Realty Group License #660444 Listed on: 05/24/2020

RE/MAX Realty Group

Last Buyer's Agent

Monica Fuentes

Smart Realty, LLC License #611246

Smart Realty, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,925

Year Built

  • Built in 1987

Lot Details

  • 1,425 Sq Ft Lot

HOA Fees

  • $130 Monthly HOA Fees

Home Design

  • Traditional Architecture

Interior Spaces

  • Property has 3 Levels
  • Basement
  • Connecting Stairway

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • On-Street Parking
  • 2 Assigned Parking Spaces

Schools

  • Fairland Elementary School
  • Benjamin Banneker Middle School
  • Northeast Area High School

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas

Community Details

  • Fairland Farms Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 160502591675

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,925

Year Built

Built in 1987

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-05-24
  • Year Built: 1987
  • Remarks Public: Sweet town home on 3 levels is move-in ready! Motivated Seller! Bring All Offers! Townhouse Features 3 Bedrooms With 1 Full And 1 Half Baths, Renovated kitchen, Wooden Floors on main level, Deck facing the playground.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 3
  • Room Count: 3
  • Basement: Yes
  • Basement Type: Connecting Stairway
  • Total Sq Ft: 1710
  • Living Area Sq Ft: 1653
  • Price Per Sq Ft: 262.28
  • Above Grade Finished Sq Ft: 1140
  • Below Grade Finished Sq Ft: 513
  • Below Grade Sq Ft: 57
  • Total Below Grade Sq Ft: 570
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2702

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: On Street

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 130.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: FAIRLAND
  • Middle School: BENJAMIN BANNEKER
  • High School: NORTHEAST AREA
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: FAIRLAND
  • High School: NORTHEAST AREA
  • Middle Or Junior School: BENJAMIN BANNEKER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 115900.00
  • Land Assessed Value: 138000.00
  • Land Use Code: 011
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1425.00
  • Year Assessed: 2020
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13916089
  • Tax Annual Amount: 2925.00
  • Assessor Parcel Number: 160502591675
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 1653
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/29/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2020
Closed on
Jul 24, 2020
Sold by
Epah Elvis and Fualem Rose
Bought by
Andrade Bessy Carolina and Molina Katherin
Seller's Agent
Danny Padigalingam
RE/MAX Realty Group
Buyer's Agent
Monica Fuentes
Smart Realty, LLC
List Price
$314,900
Sold Price
$310,000
Premium/Discount to List
-$4,900
-1.56%
Current Estimated Value
$410,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,908
Avg. Annual Appreciation
5.20%
Original Mortgage
$304,385
Outstanding Balance
$273,030
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$126,958

Purchase Details

Listed on
May 13, 2016
Closed on
Aug 30, 2016
Sold by
Tejada Dennis A
Bought by
Epah Elvis and Fualem Rose
Seller's Agent
Merlin Rodriguez
Long & Foster Real Estate, Inc.
Buyer's Agent
Danny Padigalingam
RE/MAX Realty Group
List Price
$284,900
Sold Price
$268,000
Premium/Discount to List
-$16,900
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$245,700
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2010
Sold by
Rodriguez Mina Izabel
Bought by
Tejada Dennis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,486
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2006
Sold by
Phan Can The
Bought by
Rodriguez Mina Izabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2006
Sold by
Phan Can The
Bought by
Rodriguez Mina Izabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2001
Sold by
Spanbauer Eric F and Spanbauer L K
Bought by
Phan Can The and Thanhloan Thi Nguyen

Purchase Details

Closed on
Aug 30, 1995
Sold by
Carpio Carlos
Bought by
Spanbauer Eric F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,950
Interest Rate
7.61%
Source: Public Records

Range of Values:

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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
Andrade Bessy Carolina $310,000 Realty Title Services Inc
Epah Elvis $268,000 Title Alliance Group Md Llc
Tejada Dennis A $194,000 --
Rodriguez Mina Izabel $320,000 --
Rodriguez Mina Izabel $320,000 --
Phan Can The $125,900 --
Spanbauer Eric F $86,312 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrade Bessy Carolina $304,385
Previous Owner Epah Elvis $245,700
Previous Owner Tejada Dennis A $190,486
Previous Owner Rodriguez Mina Izabel $256,000
Previous Owner Rodriguez Mina Izabel $256,000
Previous Owner Phan Can The $120,000
Previous Owner Spanbauer Eric F $81,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $310,000 +3.7% $188 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
06/13/2020 06/13/20 Price Changed $299,000 -5.0% $181 / Sq Ft
05/24/2020 05/24/20 For Sale $314,900 +17.5% $191 / Sq Ft
08/31/2016 08/31/16 Sold $268,000 -2.5% $235 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/06/2016 07/06/16 Price Changed $275,000 -1.8% $241 / Sq Ft
06/12/2016 06/12/16 Price Changed $279,900 -1.8% $246 / Sq Ft
05/13/2016 05/13/16 For Sale $284,900 -- $250 / 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 $3,829 $320,900 -- --
2024 $3,829 $301,700 $0 $0
2023 $4,282 $282,500 $138,000 $144,500
2022 $2,648 $272,967 $0 $0
2021 $2,495 $263,433 $0 $0
2020 $4,735 $253,900 $138,000 $115,900
2019 $2,233 $242,800 $0 $0
2018 $2,107 $231,700 $0 $0
2017 $2,019 $220,600 $0 $0
2016 $2,239 $215,100 $0 $0
2015 $2,239 $209,600 $0 $0
2014 $2,239 $204,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC708562

Bright MLS

APN: 05-02591675