NOT LISTED FOR SALE

3501 Olive Branch Dr Silver Spring, MD 20904

Estimated Value: $749,000 - $787,000

5 Beds
3.5 Baths
3,532 Sq Ft
$217/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $695,000 $197 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,695/month

13 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Paint Branch High School Rated A-
  • 1 Fireplace
  • Chairlift

About This Home

As of May 2022

Beautiful 5 bedroom ,3.5 bath colonial home with a front covered porch on a quiet Cul-de-sac! The main level features a beautiful two-story foyer,Formal living room which opens up to large dinning room, gorgeous renovated kitchen, Family room and half bath. A large bright Sunroom with an outdoor deck. There is wood flooring through out the home. On the upper level you will find a spacious master suite with soaking tub and large walk in glass shower, 3 additional good size bedrooms and another full bath. The lower level is a beautiful one bedroom unit apartment suite with two large closets with lots of storage spaces and a separate level exit entrance to a nice large patio overlooking another Cul de sac. The one unit bedroom has a nice living room, second full kitchen with a large full Bathroom. The backyard offers plenty of space for entertaining and comes with a large storage shed. The entire house is built wheelchair accessible with chair lifts and ramps ( all can be easily removed if not needed) in all floors. The house is equipped with solar panels and complete county approved sprinkler system. Two car garage. Close to ICC 200, I-95, major shopping plazas, New Adventist Hospital.

Last Agent to Sell the Property

Andrew Pickering

Berkshire Hathaway HomeServices PenFed Realty License #627571 Listed on: 03/28/2022

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

CARMEN JONES MITCHELL

Long & Foster Real Estate, Inc. License #SP98369970

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,118

Year Built

  • Built in 1988

Lot Details

  • 6,902 Sq Ft Lot
  • Sprinkler System
  • Property is zoned R60

Parking

  • 2 Car Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Wood Flooring
  • Natural lighting in basement

Bedrooms and Bathrooms

Accessible Home Design

  • Chairlift

Schools

  • Greencastle Elementary School
  • Paint Branch High School

Utilities

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

Community Details

  • No Home Owners Association
  • Briggs Chaney Woods Subdivision

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 160502723941

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,118

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Chairlift
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1988
  • Automatically Close On Close Date: Yes
  • Remarks Public: Beautiful 5 bedroom ,3.5 bath colonial home with a front covered porch on a quiet Cul-de-sac! The main level features a beautiful two-story foyer,Formal living room which opens up to large dinning room, gorgeous renovated kitchen, Family room and half bath. A large bright Sunroom with an outdoor deck. There is wood flooring through out the home. On the upper level you will find a spacious master suite with soaking tub and large walk in glass shower, 3 additional good size bedrooms and another full bath. The lower level is a beautiful one bedroom unit apartment suite with two large closets with lots of storage spaces and a separate level exit entrance to a nice large patio overlooking another Cul de sac. The one unit bedroom has a nice living room, second full kitchen with a large full Bathroom. The backyard offers plenty of space for entertaining and comes with a large storage shed. The entire house is built wheelchair accessible with chair lifts and ramps ( all can be easily removed if not needed) in all floors. The house is equipped with solar panels and complete county approved sprinkler system. Two car garage. Close to ICC 200, I-95, major shopping plazas, New Adventist Hospital.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Sprinkler System
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 3532
  • Living Area Sq Ft: 3532
  • Price Per Sq Ft: 281.40
  • Above Grade Finished Sq Ft: 2452
  • Below Grade Finished Sq Ft: 1080
  • Total Below Grade Sq Ft: 1080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3501

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: No
  • Garage Features: Garage - Front Entry
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Refuse: 244.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

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: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: GREENCASTLE
  • High School: PAINT BRANCH
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 121138126809
  • School District Source: Listing Agent
  • Elementary School: GREENCASTLE
  • High School: PAINT BRANCH

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 228400.00
  • Land Assessed Value: 203300.00
  • Land Use Code: R
  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6902.00
  • Year Assessed: 2022
  • Zoning: R60
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13916722
  • Tax Annual Amount: 5118.00
  • Assessor Parcel Number: 160502723941
  • Tax Lot: 33
  • Tax Total Finished Sq Ft: 2452
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/20/2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
May 20, 2022
Sold by
Barcelon Marrieta L
Bought by
Ofosu Lily and Addoquaye Richard
Seller's Agent
Andrew Pickering
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
CARMEN JONES MITCHELL
Long & Foster Real Estate, Inc.
List Price
$690,000
Sold Price
$695,000
Premium/Discount to List
$5,000
0.72%
Current Estimated Value
$767,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,275
Avg. Annual Appreciation
2.53%
Original Mortgage
$636,446
Outstanding Balance
$606,337
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$147,775

Purchase Details

Closed on
Jul 15, 2019
Sold by
Campos Reynold C and Barcelon Marrieta I
Bought by
Barcelon Marrieta I

Purchase Details

Closed on
Oct 29, 2003
Sold by
Jew William R
Bought by
Campos Reynold C

Purchase Details

Closed on
Oct 30, 1997
Sold by
Hewitt G Douglas
Bought by
William R Jew
Source: Public Records

Range of Values:

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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
Ofosu Lily $695,000 Rgs Title
Barcelon Marrieta I -- Diamond Title Insurance Corp
Campos Reynold C $400,000 --
Campos Reynold C $400,000 --
William R Jew $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofosu Lily $636,446
Previous Owner Barcelon Marrieta $175,000
Previous Owner Campos Reynold $46,305
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $695,000 +0.7% $197 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $690,000 -- $195 / 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 $6,162 $561,100 -- --
2024 $6,162 $496,400 $0 $0
2023 $6,085 $431,700 $203,300 $228,400
2022 $4,480 $431,700 $203,300 $228,400
2021 $4,426 $431,700 $203,300 $228,400
2020 $4,975 $483,700 $203,300 $280,400
2019 $4,745 $464,300 $0 $0
2018 $4,532 $444,900 $0 $0
2017 $4,413 $425,500 $0 $0
2016 -- $417,733 $0 $0
2015 $4,804 $409,967 $0 $0
2014 $4,804 $402,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2042274

Bright MLS

APN: 05-02723941