NOT LISTED FOR SALE

406 E Indian Spring Dr Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $584,000 - $704,362

4 Beds
2.5 Baths
2,902 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $550,000 $190 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,917/month

1 Day on Market

Highlights

  • 0.37 Acre Lot
  • Rambler Architecture
  • Level Entry For Accessibility
  • Montgomery Knolls Elementary School Rated A
  • No HOA
  • Central Heating and Cooling System

About This Home

As of June 2023

Absolute bargain! Unbelievable price! Priced low and firm for your pre-approved buyer who wants a great deal on a super home and huge plot of land in a great area. Hurry it won't last long at this low, low, price so do your buyer a favor and write me a squeaky clean full price offer today - and save yourself all the fun of a full price counter offer. Don't miss this opportunity for a fantastic deal in a wonderful area!

Last Agent to Sell the Property

Dan Hendricks

Keller Williams Capital Properties Listed on: 05/09/2023

Keller Williams Capital Properties

Last Buyer's Agent

Jamie Smart

Redfin Corp License #SP200203303

Redfin Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,503

Year Built

  • Built in 1961

Lot Details

  • 0.37 Acre Lot
  • Property is in very good condition
  • Property is zoned R60

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 1 Level
  • Finished Basement
  • Laundry in Basement

Bedrooms and Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 161301354295

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,503

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1961
  • Automatically Close On Close Date: No
  • Remarks Public: Absolute bargain! Unbelievable price! Priced low and firm for your pre-approved buyer who wants a great deal on a super home and huge plot of land in a great area. Hurry it won't last long at this low, low, price so do your buyer a favor and write me a squeaky clean full price offer today - and save yourself all the fun of a full price counter offer. Don't miss this opportunity for a fantastic deal in a wonderful area!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Other
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Basement, Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2902
  • Living Area Sq Ft: 2902
  • Price Per Sq Ft: 378.98
  • Above Grade Finished Sq Ft: 1451
  • Below Grade Finished Sq Ft: 1451
  • Total Below Grade Sq Ft: 1451
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 406

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • 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: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • 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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

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

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.37
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16288.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5503.00
  • Assessor Parcel Number: 161301354295
  • Tax Lot: 29
  • Tax Total Finished Sq Ft: 1901
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/01/2023

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
May 25, 2023
Sold by
Silprasert Jamnan and Silprasert Ratana
Bought by
Gebreselasie Dessawi H and Tareke Tsgereda N
Seller's Agent
Dan Hendricks
Keller Williams Capital Properties
Buyer's Agent
Jamie Smart
Redfin Corp
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Views
26
Current Estimated Value
$628,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,091
Avg. Annual Appreciation
6.40%
Original Mortgage
$440,000
Outstanding Balance
$428,783
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$203,564
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
Gebreselasie Dessawi H $550,000 Title Forward
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gebreselasie Dessawi H $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $550,000 0.0% $190 / Sq Ft
05/09/2023 05/09/23 For Sale $549,900 -- $189 / 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 $6,253 $514,167 -- --
2024 $6,253 $479,700 $236,200 $243,500
2023 $2,653 $459,600 $0 $0
2022 $4,811 $439,500 $0 $0
2021 $4,423 $419,400 $236,200 $183,200
2020 $4,423 $413,400 $0 $0
2019 $4,321 $407,400 $0 $0
2018 $4,434 $401,400 $228,700 $172,700
2017 $4,100 $388,667 $0 $0
2016 -- $375,933 $0 $0
2015 -- $363,200 $0 $0
2014 -- $361,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dan Hendricks

    Seller's Agent in 2023

    Dan Hendricks

    Keller Williams Capital Properties

    (202) 365-0788

    1 in this area

    4 Total Sales

    Dan Hendricks
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Map

Source: Bright MLS

MLS Number: MDMC2092510

Bright MLS

APN: 13-01354295

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

406 E Indian Spring Dr, Silver Spring, MD

This home is located at 406 E Indian Spring Dr, Silver Spring, MD 20901 since 09 May 2023 and is currently estimated at $628,091, approximately $216 per square foot. This property was built in 1961. 406 E Indian Spring Dr is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Eastern Middle School.

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