NOT LISTED FOR SALE

3506 May St Silver Spring, MD 20906

Estimated Value: $529,000 - $641,000

3 Beds
2 Baths
1,069 Sq Ft
$535/Sq Ft Est. Value

Last Sold March 26, 2014

Last sale price $307,500 $288 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,534/month

Highlights

  • 0.17 Acre Lot
  • Family Room Off Kitchen
  • Forced Air Heating and Cooling System
  • No HOA
  • Shed
  • 4-minute walk to Valleywood Park

About This Home

As of March 2014

Great opportunity to own in Silver Spring! Spacious split level with hardwood floors on main and upper levels, large fenced yard, two storage sheds, and long driveway for off-street parking. Convenient to Glenmont Metro, Georgia Avenue, and Aspen Hill shopping. Walk to bus line. This is a Fannie Mae HomePath property. This property is approved forHomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Madlin Mahdawi

(301) 785-3300 madlin@independentrealty1.com Independent Realty, Inc License #0225079712 Listed on: 10/25/2013

Last Buyer's Agent

Felipe Perez

(240) 398-9582 fcperez23@gmail.com Realty Advantage of Maryland LLC License #582673

Realty Advantage of Maryland LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,575

Year Built

  • Built in 1955

Lot Details

  • 7,200 Sq Ft Lot
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Split Level Home
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Family Room Off Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Side Basement Entry

Outdoor Features

  • Shed

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 2
  • Assessor Parcel Number 161301315693

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,575

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1955
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Family Room Off Kitchen
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Side Entrance, Partial
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures List: Shed
  • 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: No
  • Type Of Parking: Off Street

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

Lot Info

  • Improvement Assessed Value: 114700.00
  • Land Assessed Value: 160500.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7200.00
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14034074
  • Tax Annual Amount: 3575.07
  • Assessor Parcel Number: 161301315693
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2013
Closed on
Mar 26, 2014
Sold by
Fannie Mae
Bought by
Magallanes Marco Antonio
Seller's Agent
Madlin Mahdawi
Independent Realty, Inc
Buyer's Agent
Felipe Perez
Realty Advantage of Maryland LLC
List Price
$319,900
Sold Price
$307,500
Premium/Discount to List
-$12,400
-3.88%
Current Estimated Value
$572,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,582
Avg. Annual Appreciation
5.50%
Original Mortgage
$246,000
Outstanding Balance
$187,217
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$384,865

Purchase Details

Closed on
May 21, 2013
Sold by
Brock Robert B and Brock Robert Brown
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 21, 2001
Sold by
Aklile Wehibe
Bought by
Brock Robert B
Source: Public Records

Range of Values:

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Average Value
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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
Magallanes Marco Antonio $307,500 First American Title Ins Co
Federal National Mortgage Association $375,000 None Available
Brock Robert B $212,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magallanes Marco Antonio $246,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2014 03/26/14 Sold $307,500 -3.9% $288 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $319,900 +4.0% $299 / Sq Ft
02/24/2014 02/24/14 Off Market $307,500 -- --
01/27/2014 01/27/14 For Sale $319,900 +4.0% $299 / Sq Ft
01/24/2014 01/24/14 Off Market $307,500 -- --
12/24/2013 12/24/13 Price Changed $319,900 -5.6% $299 / Sq Ft
10/25/2013 10/25/13 For Sale $339,000 -- $317 / 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 $6,477 $565,400 $184,200 $381,200
2024 $6,477 $499,100 $0 $0
2023 $6,382 $432,800 $0 $0
2022 $4,006 $366,500 $175,200 $191,300
2021 $3,601 $352,700 $0 $0
2020 $3,601 $338,900 $0 $0
2019 $3,414 $325,100 $160,400 $164,700
2018 $3,389 $325,100 $160,400 $164,700
2017 $4,134 $325,100 $0 $0
2016 -- $332,100 $0 $0
2015 $2,699 $313,133 $0 $0
2014 $2,699 $294,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003753714

Bright MLS

APN: 13-01315693