NOT LISTED FOR SALE

500 Elm Ave Takoma Park, MD 20912

Estimated Value: $833,947 - $909,000

3 Beds
3 Baths
1,720 Sq Ft
$499/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $676,000 $393 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,485/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Sun or Florida Room
  • Game Room
  • Takoma Park Elementary School Rated A-
  • No HOA
  • 2-minute walk to Forest Park

About This Home

As of April 2015

Vintage 1933 Craftsman Bungalow with grand living room w/fireplace, dining room serves as heart of home, updated K w/farmhouse sink opens to sunroom accross back of home. Large, lush corner lot w/great backyard! LL bath coveys "as is". Near the heart of Vibrant Takoma Park: farmer's market, shops, restaurants, Metro. Spring and Forest Parks just blocks away.

Last Agent to Sell the Property

Liz Brent

(202) 321-2651 Liz@GoBrent.co GO BRENT, INC. License #BR200200488 Listed on: 04/02/2015

Last Buyer's Agent

Michelle Yu

(240) 888-5076 michelleyurealestate@gmail.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,956

Year Built

  • Built in 1933

Lot Details

  • 10,500 Sq Ft Lot
  • Historic Home
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Bungalow
  • Wood Siding
  • Shake Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Game Room
  • Sun or Florida Room
  • Storage Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Side Basement Entry
  • Basement with some natural light

Schools

  • Takoma Park Middle School
  • Montgomery Blair High School

Utilities

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

Community Details

  • No Home Owners Association
  • Takoma Park Subdivision

Listing and Financial Details

  • Tax Lot P47
  • Assessor Parcel Number 161303174790

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,956

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Historic: Yes
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 4/3/2015 12:00:00 AM
  • Year Built: 1933
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Game Room, Sun/Florida Room, Storage Room
  • Basement: Yes
  • Basement Type: Connecting Stairway, Side Entrance, Full, Daylight, Partial, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2350
  • Living Area Sq Ft: 1720
  • Price Per Sq Ft: 399.33
  • Above Grade Finished Sq Ft: 1500
  • Below Grade Finished Sq Ft: 220
  • Below Grade Sq Ft: 630
  • Total Below Grade Sq Ft: 850
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding, Shake Siding
  • Pool Private: 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: 38.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • 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

Schools

  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 10500
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10500.00
  • Property Attached Yn: No
  • Zoning: R60
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6956.49
  • Assessor Parcel Number: 161303174790
  • Tax Lot: P47
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 30, 2015
Sold by
Gholkar Preeya and Ejantkar Vijayanand
Bought by
Ghandour Reem and Zumwalt Thea
Seller's Agent
Liz Brent
GO BRENT, INC.
Buyer's Agent
Michelle Yu
Long & Foster Real Estate, Inc.
List Price
$599,000
Sold Price
$676,000
Premium/Discount to List
$77,000
12.85%
Current Estimated Value
$858,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,737
Avg. Annual Appreciation
2.28%
Original Mortgage
$450,000
Outstanding Balance
$346,790
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$511,947

Purchase Details

Closed on
Aug 9, 2007
Sold by
Daly Edward J 3Rd
Bought by
Gholkar Preeya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2007
Sold by
Daly Edward J 3Rd
Bought by
Gholkar Preeya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2002
Sold by
Daly Edward J 3Rd
Bought by
Daly Edward J 3Rd

Purchase Details

Closed on
May 17, 1996
Sold by
Barclay William W and Higgins Mary L
Bought by
Daly Edward J and Smil Allison C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ghandour Reem $676,000 None Available
Gholkar Preeya $615,000 --
Gholkar Preeya $615,000 --
Daly Edward J 3Rd -- --
Daly Edward J $185,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghandour Reem $450,000
Previous Owner Gholkar Preeya $492,000
Previous Owner Gholkar Preeya $492,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2015 04/30/15 Sold $676,000 +12.9% $393 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
04/02/2015 04/02/15 Price Changed $599,000 0.0% $348 / Sq Ft
04/02/2015 04/02/15 For Sale $599,000 -- $348 / 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 $11,551 $704,267 -- --
2024 $11,551 $668,900 $334,000 $334,900
2023 $9,918 $613,833 $0 $0
2022 $9,182 $558,767 $0 $0
2021 $7,596 $503,700 $334,000 $169,700
2020 $7,596 $503,700 $334,000 $169,700
2019 $7,372 $503,700 $334,000 $169,700
2018 $8,217 $600,200 $364,300 $235,900
2017 $6,377 $536,833 $0 $0
2016 $6,652 $473,467 $0 $0
2015 $6,652 $410,100 $0 $0
2014 $6,652 $410,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002318761

Bright MLS

APN: 13-03174790