NOT LISTED FOR SALE

314 Cloverly Forest Dr Silver Spring, MD 20905

Estimated Value: $848,123 - $983,000

4 Beds
3.5 Baths
3,142 Sq Ft
$296/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $635,591 $202 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,703/month

Highlights

  • Newly Remodeled
  • Open Floorplan
  • 1 Fireplace
  • Cloverly Elementary School Rated A-
  • Colonial Architecture
  • Breakfast Area or Nook

About This Home

As of February 2018

The Charlotte plan offers a dramatic two-story entry and a formal living room, which can be optioned as a dining room or study. You'll also appreciate the immense great room and inviting kitchen with island, nook and optional gourmet features. The second floor boasts an elegant master suite with a walk-in closet and optional deluxe bath.

Last Agent to Sell the Property

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 09/29/2017

Last Buyer's Agent

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 09/29/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,428

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.26 Acre Lot
  • Property is zoned RE1

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • 1 Fireplace
  • Family Room Off Kitchen

Kitchen

  • Breakfast Area or Nook
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Partially Finished Basement

  • Walk-Up Access
  • Rear Basement Entry
  • Natural lighting in basement

Schools

  • Cloverly Elementary School
  • Briggs Chaney Middle School
  • Paint Branch High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Natural Gas Water Heater

Community Details

  • Association fees include management, insurance, road maintenance
  • Built by RICHMOND AMERICAN HOMES
  • Cloverly Forest Subdivision, Charlotte Floorplan
  • The community has rules related to alterations or architectural changes, building or community restrictions, commercial vehicles not allowed, covenants

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 160503749872
  • $650 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,428

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2017
  • Remarks Public: The Charlotte plan offers a dramatic two-story entry and a formal living room, which can be optioned as a dining room or study. You'll also appreciate the immense great room and inviting kitchen with island, nook and optional gourmet features. The second floor boasts an elegant master suite with a walk-in closet and optional deluxe bath.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Kitchen - Island, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Daylight, Full, Partially Finished, Walkout Stairs
  • Living Area Units: Square Feet
  • Total Sq Ft: 3142
  • Living Area Sq Ft: 3142
  • Price Per Sq Ft: 277.19
  • Above Grade Finished Sq Ft: 2293
  • Below Grade Finished Sq Ft: 849
  • Total Below Grade Sq Ft: 849
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 314

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Stone
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 58.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Road Maintenance
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Building Restrictions, Commercial Vehicles Prohibited, Covenants, Fencing
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CLOVERLY
  • Middle School: BRIGGS CHANEY
  • High School: PAINT BRANCH
  • School District Key: 121138126809
  • Elementary School: CLOVERLY
  • High School: PAINT BRANCH
  • Middle Or Junior School: BRIGGS CHANEY

Lot Info

  • Land Assessed Value: 211100.00
  • Lot Size Acres: 0.26
  • Lot Size Area: 11290
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11290.00
  • Property Attached Yn: No
  • Year Assessed: 2017
  • Zoning: RE1

Building Info

  • Builder Name: RICHMOND AMERICAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14122999
  • Tax Annual Amount: 2428.06
  • Assessor Parcel Number: 160503749872
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 02/27/2018

Multi Family

  • Front Foot Fee: 650.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Feb 5, 2018
Sold by
Richmond American Homes Of Maryland Inc
Bought by
Failla Ryan and Failla Laura
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Jay Day
LPT Realty, LLC
List Price
$635,591
Sold Price
$635,591
Current Estimated Value
$929,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,940
Avg. Annual Appreciation
4.58%
Original Mortgage
$508,473
Interest Rate
4.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Failla Ryan $635,591 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Failla Ryan $498,500
Closed Failla Ryan $495,000
Closed Failla Ryan $508,473
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2018 02/27/18 Sold $635,591 0.0% $202 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $635,591 -- $202 / 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 $8,316 $729,067 -- --
2024 $8,316 $684,633 $0 $0
2023 $7,092 $640,200 $211,100 $429,100
2022 $6,713 $635,133 $0 $0
2021 $6,602 $630,067 $0 $0
2020 $6,523 $625,000 $211,100 $413,900
2019 $6,261 $611,200 $0 $0
2018 $6,805 $597,400 $0 $0
2017 $2,435 $211,100 $0 $0
2016 -- $211,100 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001012445

Bright MLS

APN: 05-03749872