NOT LISTED FOR SALE

3505 May St Silver Spring, MD 20906

Estimated Value: $504,966 - $549,000

3 Beds
1.5 Baths
1,069 Sq Ft
$492/Sq Ft Est. Value

Last Sold February 26, 2015

Last sale price $320,000 $299 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,190/month

Highlights

  • 0.15 Acre Lot
  • 2 Car Detached Garage
  • Dining Area
  • No HOA
  • Forced Air Heating and Cooling System
  • 4-minute walk to Valleywood Park

About This Home

As of February 2015

This is a Fannie Mae HomePath property. This gorgeous 3 bed, single family home is located just a 2 minute drive from Georgia Avenue and Connecticut Avenue, 2 major commuter routes. It is a cozy home with a nice breakfast room and a large fenced backyard, great for fun activities! Move-in ready with fresh paint inside & out, new carpet, flooring, hot water heater, and HVAC.

Last Agent to Sell the Property

Madlin Mahdawi

(301) 785-3300 madlin@independentrealty1.com Independent Realty, Inc License #0225079712 Listed on: 12/15/2014

Last Buyer's Agent

Sujen Lee

(301) 424-9444 sujenpan@gmail.com Independent Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,767

Year Built

  • Built in 1955

Lot Details

  • 6,600 Sq Ft Lot
  • Property is zoned R60

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Dining Area

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Walk-Up Access
  • Side Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Greenwood Knolls Subdivision

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 161301316174

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,767

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Upper 1
  • Year Built: 1955
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Side Entrance, Fully Finished, Walkout Stairs
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Construction Materials: Combination, Brick
  • Construction Completed: 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
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Refuse: 368.66
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 166500.00
  • Land Assessed Value: 158400.00
  • Lot Size Acres: 0.15
  • Lot Size Area: 6600
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6600.00
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14034123
  • Tax Annual Amount: 3766.66
  • Assessor Parcel Number: 161301316174
  • Tax Lot: 34
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2014
Closed on
Mar 25, 2015
Sold by
Wen Canhui
Bought by
Wen Canhui and Wu Xiuyan
Seller's Agent
Madlin Mahdawi
Independent Realty, Inc
Buyer's Agent
Sujen Lee
Independent Realty, Inc
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%
Current Estimated Value
$526,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,242
Avg. Annual Appreciation
4.77%
Original Mortgage
$149,000
Outstanding Balance
$114,077
Interest Rate
3.67%
Mortgage Type
New Conventional
Estimated Equity
$412,165

Purchase Details

Listed on
Dec 15, 2014
Closed on
Feb 26, 2015
Sold by
Fannie Mae
Bought by
Wen Canhui
Seller's Agent
Madlin Mahdawi
Independent Realty, Inc
Buyer's Agent
Sujen Lee
Independent Realty, Inc
List Price
$359,000
Sold Price
$320,000
Premium/Discount to List
-$39,000
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Outstanding Balance
$114,077
Interest Rate
3.67%
Mortgage Type
New Conventional
Estimated Equity
$412,165

Purchase Details

Closed on
Jun 19, 2014
Sold by
Damtew Debebe
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 3, 2004
Sold by
Jones Ernest L and Jones S P
Bought by
Damtew Debebe
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
Wen Canhui -- None Available
Wen Canhui $320,000 First American Title Ins Co
Federal National Mortgage Association $299,000 None Available
Damtew Debebe $262,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wen Canhui $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2015 02/26/15 Sold $320,000 -8.5% $299 / Sq Ft
01/16/2015 01/16/15 Pending -- -- --
01/06/2015 01/06/15 Price Changed $349,900 -2.5% $327 / Sq Ft
12/15/2014 12/15/14 For Sale $359,000 -- $336 / 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 $5,234 $415,300 $182,100 $233,200
2024 $5,234 $391,167 $0 $0
2023 $4,240 $367,033 $0 $0
2022 $3,745 $342,900 $173,100 $169,800
2021 $3,431 $333,233 $0 $0
2020 $3,431 $323,567 $0 $0
2019 $3,290 $313,900 $158,400 $155,500
2018 $3,265 $313,900 $158,400 $155,500
2017 $3,316 $313,900 $0 $0
2016 -- $324,900 $0 $0
2015 $2,759 $310,200 $0 $0
2014 $2,759 $295,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Madlin Mahdawi

    Seller's Agent in 2015

    Madlin Mahdawi

    Independent Realty, Inc

    (301) 785-3300

    33 Total Sales

    Madlin Mahdawi
    Section Image

  • S

    Buyer's Agent in 2015

    Sujen Lee

    Independent Realty, Inc

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003280216

Bright MLS

APN: 13-01316174

Maryland Montgomery County Silver Spring 20906

3505 May St, Silver Spring, MD

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