NOT LISTED FOR SALE

332 Lincoln Ave Takoma Park, MD 20912

Estimated Value: $1,236,000 - $1,549,000

6 Beds
4 Baths
3,300 Sq Ft
$428/Sq Ft Est. Value

Last Sold May 06, 2020

Last sale price $1,145,000 $347 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,593/month

13 Days on Market

Highlights

  • Guest House
  • Solar Power System
  • Open Floorplan
  • Takoma Park Elementary School Rated A-
  • Eat-In Gourmet Kitchen
  • 2-minute walk to Jackson-Boyd Neighborhood Park

About This Home

As of May 2020

Welcome to this one of a kind Cedar-shingled home that feels like your own private getaway but is centrally located in one of the most desirable neighborhoods in the DMV. Live everyday like you are on vacation in this light filled, airy space that was thoughtfully renovated to combine the best of high quality design and everyday functionality. Perched up on a hill, this home features Incredible views out of every window and unparalleled indoor/outdoor flow. Character abounds with solid hardwood floors, original trim, custom built-ins and vaulted ceilings. Main level features open floor plan with ample room for any layout that fits your lifestyle. The current setup features, living room, media room, dining room, office and guest room + full bath. Clean & well-appointed gourmet kitchen with chef style appliances and large island perfect for cooking and entertaining. Custom glass doors off the kitchen open onto an inviting flagstone patio framed out with beautiful stone retaining walls and lush landscaping. If there was ever an outdoor space that catered to everyone's interests this is it! Lounge in the sun on the upper garden with a good book - Share an al fresco meal with friends on the patio - Engage your green thumb by planting a kitchen garden in the raised beds. Upper level features huge owner suite with lots of closet space and en suite spa like bath with deep tub and custom tile work. Lovely secondary bedrooms have built in closets and their own large full bath to share. Washer and dryer also conveniently located upstairs. Lower level with dedicated entrance offers enormous flexibility with options for separate in-law suite, airbnb or rental income - Currently includes bedroom, full bath, living room, office/media room, and kitchen area, all mostly at-grade. Private outdoor patio is an added bonus! And if you thought this home could not get any better, think again! Charming & spacious 2- level detached guest house/studio with vaulted ceilings, wet bar & full bath. Sun drenched second floor perfect for entertaining, home office, exercise/yoga studio or private guest suite! This space is separately heated and cooled with brand new efficient heat pump. Energy efficient updates throughout including silent, variable speed central heat pump with heat recovery vent, radiators, all new Andersen windows, and Fully Owned architectural black solar panels (with no exposed conduit), blown in cellulose insulation. Truly a 'green home' both inside and out! Perfectly located equidistant between the co-op and the Sligo Creek trail and less than a mile to downtown Takoma and all that this welcoming part of town has to offer- Takoma Red Line Metro, Food Co-op, Girl & The Vine Wine Bar, Cielo Rojo, Republic, Ace Hardware, Takoma Bev Co & Roscoe's pizzeria! Expansive attic offers copious, standing height storage with opportunities for even more finished space. TOUR THIS HOME VIRTUALLY WITH OUR 3D MATTERPORT WALKTHROUGH!!

Last Agent to Sell the Property

Barak Sky

Serhant License #SP600552 Listed on: 03/24/2020

Co-Listed By

Anna Mackler

Serhant

Last Buyer's Agent

Marian Rosaaen

Compass License #SP98370430

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,128

Year Built

  • Built in 1933

Lot Details

  • 10,000 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Stone Retaining Walls
  • Extensive Hardscape
  • Property is in very good condition
  • Property is zoned R60

Home Design

  • Carriage House
  • Bungalow
  • Studio
  • Architectural Shingle Roof
  • Shingle Siding
  • Cedar

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Replacement Windows
  • Insulated Doors
  • Dining Area
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Range Hood
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Front Loading Dryer
  • ENERGY STAR Qualified Washer

Improved Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Interior and Side Basement Entry
  • Basement Windows

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Solar Power System
  • Solar owned by seller

Outdoor Features

  • Patio
  • Exterior Lighting
  • Office or Studio
  • Outbuilding

Additional Homes

  • Guest House

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Radiator
  • Radiant Heating System
  • 200+ Amp Service
  • Multi-Tank High-Efficiency Water Heater

Community Details

  • No Home Owners Association
  • Takoma Park Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 161301075294

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,128

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1933
  • Remarks Public: Welcome to this one of a kind Cedar-shingled home that feels like your own private getaway but is centrally located in one of the most desirable neighborhoods in the DMV. Live everyday like you are on vacation in this light filled, airy space that was thoughtfully renovated to combine the best of high quality design and everyday functionality. Perched up on a hill, this home features Incredible views out of every window and unparalleled indoor/outdoor flow. Character abounds with solid hardwood floors, original trim, custom built-ins and vaulted ceilings. Main level features open floor plan with ample room for any layout that fits your lifestyle. The current setup features, living room, media room, dining room, office and guest room + full bath. Clean & well-appointed gourmet kitchen with chef style appliances and large island perfect for cooking and entertaining. Custom glass doors off the kitchen open onto an inviting flagstone patio framed out with beautiful stone retaining walls and lush landscaping. If there was ever an outdoor space that catered to everyone's interests this is it! Lounge in the sun on the upper garden with a good book - Share an al fresco meal with friends on the patio - Engage your green thumb by planting a kitchen garden in the raised beds. Upper level features huge owner suite with lots of closet space and en suite spa like bath with deep tub and custom tile work. Lovely secondary bedrooms have built in closets and their own large full bath to share. Washer and dryer also conveniently located upstairs. Lower level with dedicated entrance offers enormous flexibility with options for separate in-law suite, airbnb or rental income - Currently includes bedroom, full bath, living room, office/media room, and kitchen area, all mostly at-grade. Private outdoor patio is an added bonus! And if you thought this home could not get any better, think again! Charming & spacious 2- level detached guest house/studio with vaulted ceilings, wet bar & full bath. Sun drenched second floor perfect for entertaining, home office, exercise/yoga studio or private guest suite! This space is separately heated and cooled with brand new efficient heat pump. Energy efficient updates throughout including silent, variable speed central heat pump with heat recovery vent, radiators, all new Andersen windows, and Fully Owned architectural black solar panels (with no exposed conduit), blown in cellulose insulation. Truly a 'green home' both inside and out! Perfectly located equidistant between the co-op and the Sligo Creek trail and less than a mile to downtown Takoma and all that this welcoming part of town has to offer- Takoma Red Line Metro, Food Co-op, Girl & The Vine Wine Bar, Cielo Rojo, Republic, Ace Hardware, Takoma Bev Co & Roscoe's pizzeria! Expansive attic offers copious, standing height storage with opportunities for even more finished space. TOUR THIS HOME VIRTUALLY WITH OUR 3D MATTERPORT WALKTHROUGH!!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Stainless Steel Appliances, Water Heater - High-Efficiency, Dishwasher, Disposal, Dryer - Front Loading, Energy Efficient Appliances, Energy Star Clothes Washer, Extra Refrigerator/Freezer, Oven/Range - Gas, Range Hood, Refrigerator
  • Flooring Type: Hardwood, Ceramic Tile, Wood
  • Interior Amenities: Attic, Built-Ins, Breakfast Area, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Studio, Wood Floors
  • Window Features: Energy Efficient, Double Pane, Replacement
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: High
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Daylight, Partial, Connecting Stairway, Heated, Improved, Interior Access, Outside Entrance, Side Entrance, Walkout Level, Windows
  • Total Sq Ft: 3430
  • Living Area Sq Ft: 3300
  • Price Per Sq Ft: 452.65
  • Above Grade Finished Sq Ft: 2640
  • Below Grade Finished Sq Ft: 660
  • Below Grade Sq Ft: 130
  • Total Below Grade Sq Ft: 790
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 332

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Carriage House, Guest House, Office/Studio
  • Construction Materials: Cedar, Shingle Siding
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Sidewalks, Stone Retaining Walls, Outbuilding(s)
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 41.94
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Solar Photovoltaic
  • Cooling Type: Central A/C, Ductless/Mini-Split, Ceiling Fan(s)
  • Electric Service: 200+ Amp Service, Photovoltaics Seller Owned
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant, Radiator
  • Heating: Yes
  • Hot Water: Instant Hot Water, Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Green Features

  • Efficiency: Lighting, Hvac
  • Clean Green Assessed: No
  • Green Remarks: Energy efficient updates throughout including silent, variable speed central heat pump with heat recovery vent, radiators, all new Andersen windows, and Fully Owned architectural black solar panels (with no exposed conduit), blown in cellulose insulation.

Lot Info

  • Fencing: Privacy, Wood
  • Improvement Assessed Value: 633700.00
  • Land Assessed Value: 362500.00
  • Land Use Code: 011
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10000.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14011268
  • Tax Annual Amount: 14128.00
  • Assessor Parcel Number: 161301075294
  • Tax Lot: 15
  • Tax Total Finished Sq Ft: 3127
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 05/06/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
May 6, 2020
Sold by
Ingersoll Andrew W and Short Chloe C
Bought by
Bormet Matthew K and Bormet Megan E
Seller's Agent
Barak Sky
Serhant
Buyer's Agent
Marian Rosaaen
Compass
List Price
$1,195,000
Sold Price
$1,145,000
Premium/Discount to List
-$50,000
-4.18%
Current Estimated Value
$1,413,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,921
Avg. Annual Appreciation
4.04%
Original Mortgage
$850,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2016
Sold by
Ingersoll Andrew W and Short Chloe C
Bought by
Ingersoll Andrew W and Short Chloe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2010
Sold by
Anderson Jeffrey C
Bought by
Ingersoll Andrew W and Ingersoll Chloe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,802
Interest Rate
4.98%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2005
Sold by
Bondanza Julie M
Bought by
Anderson Jeffrey C and Talwar Savneet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2005
Sold by
Bondanza Julie M
Bought by
Anderson Jeffrey C and Talwar Savneet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 1998
Sold by
B John H and B Carter J
Bought by
Bondanza Julie M
Source: Public Records

Range of Values:

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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
Bormet Matthew K $1,145,000 Counselors Title Llc
Ingersoll Andrew W -- Equity National Title
Ingersoll Andrew W $615,000 --
Anderson Jeffrey C $660,000 --
Anderson Jeffrey C $660,000 --
Bondanza Julie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bormet Megan E $310,000
Open Bormet Matthew K $822,375
Closed Bormet Matthew K $155,225
Closed Bormet Matthew K $850,000
Closed Bormet Matthew K $123,250
Previous Owner Ingersoll Andrew W $45,000
Previous Owner Ingersoll Andrew W $730,000
Previous Owner Ingersoll Andrew W $55,000
Previous Owner Ingersoll Andrew W $646,000
Previous Owner Ingersoll Andrew W $72,000
Previous Owner Ingersoll Andrew W $576,000
Previous Owner Ingersoll Andrew W $595,900
Previous Owner Ingersoll Andrew W $606,802
Previous Owner Anderson Jeffrey C $360,000
Previous Owner Anderson Jeffrey C $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2020 05/06/20 Sold $1,145,000 -4.2% $347 / Sq Ft
04/06/2020 04/06/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $1,195,000 -- $362 / 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 $23,379 $1,403,300 -- --
2024 $23,379 $1,357,000 $362,500 $994,500
2023 $20,632 $1,236,733 $0 $0
2022 $17,934 $1,116,467 $0 $0
2021 $15,944 $996,200 $362,500 $633,700
2020 $14,645 $924,133 $0 $0
2019 $14,128 $852,067 $0 $0
2018 $12,196 $780,000 $362,500 $417,500
2017 $12,326 $751,100 $0 $0
2016 $8,960 $755,733 $0 $0
2015 $8,960 $693,300 $0 $0
2014 $8,960 $539,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC701312

Bright MLS

APN: 13-01075294