320 University Blvd E Silver Spring, MD 20901
Silver Spring Park Neighborhood
5
Beds
2.5
Baths
1,564
Sq Ft
7,263
Sq Ft Lot
Highlights
- Deck
- Main Floor Bedroom
- No HOA
- Montgomery Knolls Elementary School Rated A
- 1 Fireplace
- Eat-In Kitchen
About This Home
As of June 2024Welcome to 320 E University Blvd in the community of Franklin Knolls, a prime investment opportunity! This spacious 5-bedroom, 2.5-bath gem is nestled in a coveted location, just a stroll away from the local elementary school. Currently tenant-occupied, this property offers savvy investors the chance to unlock its full potential. With a sizeable fenced yard and ample room for updates, this home presents a canvas for value-maximizing improvements. Bring your vision and transform this residence into a modern haven. A strategic investment awaits in a sought-after area. Spacious deck. Easy access to I-495, Rt-29, Rt-198. Brand new roof installed 3/2024.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,005
Year Built
- Built in 1959
Lot Details
- 7,263 Sq Ft Lot
- Back Yard Fenced and Front Yard
- Property is zoned R60
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- Property has 2 Levels
- Ceiling Fan
- 1 Fireplace
- Window Screens
- Sliding Doors
- Atrium Doors
- Entrance Foyer
- Living Room
- Dining Room
- Fire and Smoke Detector
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Stove
- Dishwasher
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Franklin Knolls Subdivision
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 161301354411
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Jun 28, 2024
Sold by
Price Michael
Bought by
Barahona Rosaly and Axel Arias Montero Kent
Seller's Agent
Kiara Merriweather
Northrop Realty
Buyer's Agent
Diego Alvarado Giron
Campodonico Realty
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Total Days on Market
46
Views
735
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
$28,415
Avg. Annual Appreciation
5.99%
Original Mortgage
$490,943
Outstanding Balance
$487,228
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$41,187
Purchase Details
Closed on
May 30, 2003
Sold by
Baker Glenn A
Bought by
Price Michael
Similar Homes in Silver Spring, MD
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $500,000 | Doma Title | |
| Deed | $212,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $490,943 | FHA | |
| Previous Owner | $350,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $500,000 | +5.3% | $320 / Sq Ft |
| 05/24/2024 05/24/24 | For Sale | $475,000 | 0.0% | $304 / Sq Ft |
| 04/25/2024 04/25/24 | Off Market | $475,000 | -- | -- |
| 04/15/2024 04/15/24 | Pending | -- | -- | -- |
| 03/20/2024 03/20/24 | For Sale | $475,000 | 0.0% | $304 / Sq Ft |
| 03/18/2024 03/18/24 | For Sale | $475,000 | 0.0% | $304 / Sq Ft |
| 03/03/2024 03/03/24 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $475,000 | -- | $304 / 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 |
|---|---|---|---|---|
| 2024 | $5,208 | $388,900 | $199,100 | $189,800 |
| 2023 | $5,005 | $373,367 | $0 | $0 |
| 2022 | $4,602 | $357,833 | $0 | $0 |
| 2021 | $4,275 | $342,300 | $199,100 | $143,200 |
| 2020 | $4,275 | $337,267 | $0 | $0 |
| 2019 | $4,184 | $332,233 | $0 | $0 |
| 2018 | $4,104 | $327,200 | $191,900 | $135,300 |
| 2017 | $4,047 | $317,300 | $0 | $0 |
| 2016 | -- | $307,400 | $0 | $0 |
| 2015 | $3,584 | $297,500 | $0 | $0 |
| 2014 | $3,584 | $296,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kiara Merriweather
Seller's Agent in 2024
Kiara Merriweather
Creig Northrop Team of Long & Foster
(914) 844-9789
1 in this area
57 Total Sales
-
Diego Alvarado Giron
Buyer's Agent in 2024
Diego Alvarado Giron
Campodonico Realty
(571) 245-8718
1 in this area
7 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2121468
APN: 13-01354411
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