NOT LISTED FOR SALE

407 Silver Spring Ave Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $831,571 - $982,000

5 Beds
4 Baths
2,916 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $780,000 $267 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,389/month

32 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • 60+ Gallon Tank
  • Takoma Park Middle School Rated A
  • Central Heating and Cooling System
  • 3-minute walk to Sligo Ave Neighborhood Park

About This Home

As of May 2022

Large 4 Bedroom 3 Full Bath home in Downtown Silver Spring. Recently gut renovated with a 2nd floor and bump out added. Open Kichen/ Family Room with a Breakfast nook. Full Bathroom and a Bedroom on the Main Floor. Hard wood floors throughout the main floor. Second floor has 3 bedrooms including a Master bedroom. A full bathroom in the hallway with a seperate dedicated full bathroom for the Master bedroom. Basement is full height with an additional full bathroom, bedroom/office, and a seperate den. Outside covered porch which runs the full front of the house. Quiet backyard with plenty of room for outdoor activities. Super convenient location - 1 mile from Downtown Silver Spring, WholefoodsMarket, Restaurants, and shops. Also 1 mile from the heart of Takoma Park with the Food Co - Op. Only 4 blocks from the D.C. Line. Walk to Metro or convenient bus stops.

Last Agent to Sell the Property

Jacob Manevich

(240) 606-7436 jmanevich@nrdretail.com NRD REALTY LLC Listed on: 03/22/2022

Last Buyer's Agent

Licia Galinsky

(301) 641-4609 licia@branchesrealty.com Branches Realty License #625139

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1938 | Remodeled in 2018

Lot Details

  • 6,000 Sq Ft Lot
  • Property is zoned R60

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Permanent Foundation

Interior Spaces

  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Utilities

  • Central Heating and Cooling System
  • 60+ Gallon Tank

Community Details

  • No Home Owners Association
  • Silver Spring Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161301397498

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,000

Year Built

Built in 1938 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1938
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Permanent
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3232
  • Living Area Sq Ft: 2916
  • Price Per Sq Ft: 380.48
  • Above Grade Finished Sq Ft: 2100
  • Below Grade Finished Sq Ft: 816
  • Below Grade Sq Ft: 316
  • Total Below Grade Sq Ft: 1132
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • 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
  • Lower Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: 60+ Gallon 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 Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6000.00
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7000.00
  • Assessor Parcel Number: 161301397498
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
May 4, 2022
Sold by
Manevich Jacob
Bought by
Thompson Angela W and Kelton Tyshon K
Seller's Agent
Jacob Manevich
NRD REALTY LLC
Buyer's Agent
Licia Galinsky
Branches Realty
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Current Estimated Value
$885,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,643
Avg. Annual Appreciation
3.50%
Original Mortgage
$702,000
Outstanding Balance
$661,658
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$223,985

Purchase Details

Closed on
Aug 3, 2018
Sold by
Silver Oldsmobile Llc
Bought by
Manevich Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2017
Sold by
Osullivan Laura H G and Brady Erin M
Bought by
Silver Oldsmobile Llc

Purchase Details

Closed on
May 29, 1986
Bought by
Herman Richard B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thompson Angela W $780,000 Westcor Land Title
Manevich Jacob -- Kvs Title Llc
Silver Oldsmobile Llc $354,000 Sage Title Group Llc
Herman Richard B $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Angela W $702,000
Previous Owner Manevich Jacob $562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2022 05/05/22 Sold $780,000 -2.4% $267 / Sq Ft
03/22/2022 03/22/22 For Sale $799,000 -- $274 / 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 $9,101 $748,533 -- --
2024 $9,101 $727,100 $298,000 $429,100
2023 $8,520 $678,467 $0 $0
2022 $7,604 $629,833 $0 $0
2021 $7,000 $581,200 $298,000 $283,200
2020 $6,844 $570,133 $0 $0
2019 $6,633 $559,067 $0 $0
2018 $6,054 $548,000 $298,000 $250,000
2017 $4,638 $366,700 $0 $0
2016 -- $366,700 $0 $0
2015 $2,789 $368,600 $0 $0
2014 $2,789 $368,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jacob Manevich

    NRD REALTY LLC

    (240) 606-7436

    1 in this area

    46 Total Sales

    Jacob Manevich
    Section Image
  • Licia Galinsky

    Buyer's Agent in 2022

    Licia Galinsky

    Branches Realty

    (301) 641-4609

    8 in this area

    37 Total Sales

    Licia Galinsky
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2042990

Bright MLS

APN: 13-01397498

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

407 Silver Spring Ave, Silver Spring, MD

Not Listed for Sale

Detached

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