Seller's Agent in 2022
Andrew Cerrito
Cerrito Realty, LLC
(301) 938-1592
1 in this area
86 Total Sales
320 Lincoln Ave Takoma Park, MD 20912
Estimated Value: $939,000 - $1,009,034
4
Beds
2
Baths
1,632
Sq Ft
$597/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Craftsman Architecture
- Main Floor Bedroom
- Takoma Park Elementary School Rated A-
- Deck
- 3-minute walk to Jackson-Boyd Neighborhood Park
About This Home
As of October 2022Purchase this $825,000 home with only a $495,000 mortgage loan! You read that correctly! Buyers of this home must be first-time home buyers at or below 120% of the median area income based on family size. The City of Takoma Park and the seller are providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 25 YEARS 2nd and 3rd trusts for up to $330,000. ($495,000 + $330,000 = $825,000). This is not a gimmick, it's a once in a lifetime opportunity to own a $825,000 home for the monthly cost of a $495,000 home. And buyers can use whatever lender they want for the $495,000 mortgage loan!
Fully renovated is an understatement! A second floor has been added to this stately Takoma Park home, doubling the square footage! This 4 bedroom, 2 full bath home has been renovated from top to bottom by professional licensed contractors, with a brand new kitchen, new appliances, new bathrooms, new paint and flooring throughout, a new deck, new windows, new doors, new HVAC, a new roof, new Hardieplank siding, etc. With brand new landscaping and an inviting front porch, this home has great curb appeal. Enjoy the wide open living level with a bedroom and full bathroom and access to the back deck that overlooks the private back yard. Upstairs, there are three more spacious bedrooms and another full bath. The basement is unfinished and offers lots of storage space. The concrete driveway has space for two cars! This home has it all! Buyer(s) are required to take homeownership counseling. Ask your real estate agent for details, all needed information is available to agents in documents section of the MLS.
ATTENTION AGENTS: CALL LISTING BROKER WITH QUESTIONS. DO NOT CALL SELLER DIRECTLY!
Last Agent to Sell the Property
(301) 938-1592 andrewcerrito@cerritorealty.com Cerrito Realty, LLC License #676255 Listed on: 08/19/2022
Co-Listed By
(301) 908-1039 cerritorealty@verizon.net Cerrito Realty, LLC License #93119
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,821
Year Built
- Built in 1913
Lot Details
- 10,000 Sq Ft Lot
- Back Yard Fenced
- Property is in excellent condition
- Property is zoned R60
Home Design
- Craftsman Architecture
- Block Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- Property has 3 Levels
- Open Floorplan
- Insulated Windows
- Double Hung Windows
- Insulated Doors
- Living Room
- Storage Room
- Carpet
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Connecting Stairway
- Side Basement Entry
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Outdoor Features
- Deck
- Porch
Schools
- Takoma Park Elementary And Middle School
- Montgomery Blair High School
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Electric Water Heater
Community Details
- No Home Owners Association
- Takoma Park Subdivision
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 161301068733
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2022
Closed on
Oct 7, 2022
Sold by
Housing Initiative Partnership Inc
Bought by
Fischl Jack Nathaniel and Lukacs Tamara Andrea
Seller's Agent
Andrew Cerrito
Cerrito Realty, LLC
Buyer's Agent
Tammy Thomas
Compass
List Price
$825,000
Sold Price
$825,000
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,759
Avg. Annual Appreciation
5.44%
Original Mortgage
$200,000
Outstanding Balance
$192,497
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$782,262
Purchase Details
Closed on
Apr 30, 2021
Sold by
Nielsen Iver K and Wallace Glenn I
Bought by
Housing Initiative Partnership Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 8, 2011
Sold by
Neilsen Iver K
Bought by
Nielsen Iver K and Wallace Glenn I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,762
Interest Rate
4.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 2011
Sold by
Neilsen Iver K
Bought by
Nielsen Iver K and Wallace Glenn I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,762
Interest Rate
4.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 6, 2005
Sold by
Neilsen Iver K
Bought by
Neilsen Iver K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 2005
Sold by
Hill Francis R and Hill M A
Bought by
Neilsen Iver K and Wallace Glenn I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 5, 2005
Sold by
Neilsen Iver K
Bought by
Neilsen Iver K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.66%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fischl Jack Nathaniel | $825,000 | -- | |
| Housing Initiative Partnership Inc | $450,000 | Milestone Title Llc | |
| Nielsen Iver K | -- | -- | |
| Nielsen Iver K | -- | -- | |
| Neilsen Iver K | -- | -- | |
| Neilsen Iver K | $470,000 | -- | |
| Neilsen Iver K | -- | -- | |
| Neilsen Iver K | $470,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fischl Jack Nathaniel | $200,000 | |
| Open | Fischl Jack Nathaniel | $495,000 | |
| Closed | Fischl Jack Nathaniel | $130,000 | |
| Previous Owner | Housing Initiative Partnership Inc | $420,000 | |
| Previous Owner | Housing Initiative Partnership Inc | $200,000 | |
| Previous Owner | Nielsen Iver K | $334,762 | |
| Previous Owner | Nielsen Iver K | $334,762 | |
| Previous Owner | Neilsen Iver K | $359,650 | |
| Previous Owner | Neilsen Iver K | $359,650 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2022 10/07/22 | Sold | $825,000 | 0.0% | $506 / Sq Ft |
| 08/31/2022 08/31/22 | Pending | -- | -- | -- |
| 08/19/2022 08/19/22 | For Sale | $825,000 | -- | $506 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $14,158 | $878,300 | -- | -- |
| 2024 | $14,158 | $820,500 | $362,500 | $458,000 |
| 2023 | $13,061 | $796,767 | $0 | $0 |
| 2022 | $7,455 | $442,100 | $362,500 | $79,600 |
| 2021 | $7,821 | $464,800 | $362,500 | $102,300 |
| 2020 | $7,757 | $464,633 | $0 | $0 |
| 2019 | $7,741 | $464,467 | $0 | $0 |
| 2018 | $7,704 | $464,300 | $362,500 | $101,800 |
| 2017 | $6,951 | $433,967 | $0 | $0 |
| 2016 | $6,532 | $403,633 | $0 | $0 |
| 2015 | $6,532 | $373,300 | $0 | $0 |
| 2014 | $6,532 | $373,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Cerrito
-
Michael Cerrito
Seller Co-Listing Agent in 2022
Michael Cerrito
Cerrito Realty, LLC
(301) 908-1039
1 in this area
77 Total Sales
-
Tammy Thomas
Buyer's Agent in 2022
Tammy Thomas
Compass
(301) 908-2153
5 in this area
66 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2065718
APN: 13-01068733
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