NOT LISTED FOR SALE

2712 Arcola Ave Silver Spring, MD 20902

Estimated Value: $475,000 - $564,000

5 Beds
2.5 Baths
1,872 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $410,000 $219 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,165/month

102 Days on Market

Highlights

  • Rambler Architecture
  • 1 Fireplace
  • Central Heating and Cooling System
  • Albert Einstein High School Rated A-
  • No HOA

About This Home

As of August 2023

INVESTOR OR REHAB LOAN ALERT! Priced to sell and definitely worth a look. Great neighborhood and schools, close to route 97 and Westfield Wheaton Mall. Gleaming hardwood floors, unit in the basement with a second kitchen, and seperate entrance. Won't last!

Last Agent to Sell the Property

Tanya Young

(301) 379-5356 tanya.your.realtor@gmail.com Fairfax Realty Premier License #SP98368419 Listed on: 10/29/2022

Fairfax Realty Premier

Last Buyer's Agent

Yoel Ramos

(301) 807-9723 yoelramosrealtor@gmail.com Keller Williams Realty Centre License #0225259325

Keller Williams Realty Centre

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,421

Year Built

  • Built in 1949

Lot Details

  • 6,425 Sq Ft Lot
  • Property is zoned R60

Parking

  • On-Street Parking

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace

Bedrooms and Bathrooms

Basement

  • Walk-Out Basement
  • Side Basement Entry
  • Basement Windows

Utilities

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

Community Details

  • No Home Owners Association
  • Wheaton Hills Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 161301180994

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,421

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-11-19
  • Federal Flood Zone: No
  • Year Built: 1949
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Other
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Partial, Side Entrance, Walkout Stairs, Windows
  • Total Sq Ft: 2152
  • Living Area Sq Ft: 1872
  • Price Per Sq Ft: 349.83
  • Above Grade Finished Sq Ft: 1172
  • Below Grade Finished Sq Ft: 700
  • Below Grade Sq Ft: 280
  • Total Below Grade Sq Ft: 980
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • 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
  • Association Recreation Fee: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6425.00
  • Zoning: R60
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4421.00
  • Assessor Parcel Number: 161301180994
  • Tax Lot: 17
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2022
Closed on
Jul 28, 2023
Sold by
Rosa Keith
Bought by
Belachew Shewakena Y
Seller's Agent
Tanya Young
Fairfax Realty Premier
Buyer's Agent
Yoel Ramos
Keller Williams Realty Centre
List Price
$430,000
Sold Price
$410,000
Premium/Discount to List
-$20,000
-4.65%
Views
421
Current Estimated Value
$522,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,510
Avg. Annual Appreciation
10.87%
Original Mortgage
$397,700
Outstanding Balance
$388,468
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$134,042

Purchase Details

Listed on
Jul 26, 2017
Closed on
Sep 29, 2017
Sold by
The Bank Of New York Mellon
Bought by
Bayemi Charlene N and Iwukemjika John
Seller's Agent
Rose Ogbonna
Citiwide Realtors Inc.
Buyer's Agent
Rose Ogbonna
Citiwide Realtors Inc.
List Price
$314,000
Sold Price
$327,000
Premium/Discount to List
$13,000
4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$343,915
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2016
Sold by
Rosenberg Diane S and Meyer Mark D
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 12, 2005
Sold by
Dsouza Michael A and Dsouza A R
Bought by
Prasetyo Soewandi Joko and Catam Cati Dulmanan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.24%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Belachew Shewakena Y $410,000 Prime Title Group
Bayemi Charlene N $338,000 Jacques Title Group
The Bank Of New York Mellon $251,200 None Available
Prasetyo Soewandi Joko $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belachew Shewakena Y $397,700
Previous Owner Bayemi Charlene N $343,915
Previous Owner Prasetyo Soewandi Joko $332,000
Previous Owner Prasetyo Soewandi Joko $83,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2023 08/02/23 Sold $410,000 0.0% $219 / Sq Ft
01/15/2023 01/15/23 Price Changed $410,000 -1.2% $219 / Sq Ft
12/16/2022 12/16/22 Price Changed $415,000 -1.2% $222 / Sq Ft
12/07/2022 12/07/22 Price Changed $420,000 -1.2% $224 / Sq Ft
11/17/2022 11/17/22 Price Changed $425,000 -1.2% $227 / Sq Ft
10/29/2022 10/29/22 For Sale $430,000 +31.5% $230 / Sq Ft
09/25/2017 09/25/17 Sold $327,000 +4.1% $279 / Sq Ft View Prior Sale
08/29/2017 08/29/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $314,000 -4.0% $268 / Sq Ft
07/27/2017 07/27/17 Off Market $327,000 -- --
07/26/2017 07/26/17 For Sale $314,000 -- $268 / 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 $5,125 $401,800 $172,900 $228,900
2024 $5,125 $381,667 $0 $0
2023 $2,780 $361,533 $0 $0
2022 $3,729 $341,400 $172,900 $168,500
2021 $3,456 $333,600 $0 $0
2020 $3,456 $325,800 $0 $0
2019 $3,335 $318,000 $157,900 $160,100
2018 $3,073 $296,567 $0 $0
2017 $3,572 $275,133 $0 $0
2016 -- $253,700 $0 $0
2015 $2,462 $253,500 $0 $0
2014 $2,462 $253,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2074252

Bright MLS

APN: 13-01180994