501 Copley Ln Silver Spring, MD 20904
Estimated payment $2,644/month
Highlights
- Second Kitchen
- 0.94 Acre Lot
- Rambler Architecture
- Dr. Charles R. Drew Elementary School Rated A
- Traditional Floor Plan
- 1 Fireplace
About This Home
Investor special with serious upside. This 3-bedroom, 2-bath home sits on nearly 0.94 acres and is primed for a full renovation. Being sold strictly “as-is,” this property offers a rare opportunity for contractors, flippers, or savvy investors looking to unlock value through a complete rehab. The home features a traditional layout ready for a modern redesign. A glassed-in back porch off the living room adds additional square footage and potential for a bright, reimagined living space. The secondary bathroom located in bedroom #3 was converted into office space but can easily be converted back to a full bathroom. The attached 2-car garage and extended parking provide added convenience. Seller has not made any repairs or updates since purchasing the property. Most major systems- including plumbing and electrical- are outdated and require replacement; Roof and gutters approx. 1991–92; Furnace/AC 1997; Appliances 2018, reinforcing the need for renovation but also offering a clean slate for upgrades tailored to today’s standards. The flat lot presents possibilities for expansion, outdoor enhancements, or even potential alternative uses such as a group home, home office extension or ADU addition (subject to zoning). The possibilities are endless. Bring your vision—this is a project with strong potential in a desirable setting. 48-hour notice required for all showing appointments. Do not contact the seller or visit the property without an appointment. Property is being sold “As-Is” and the price reflects the current condition.
Listing Agent
(301) 388-2600 doreen.allotey@longandfoster.com Long & Foster Real Estate, Inc. Brokerage Phone: 3013882600 License #592217 Listed on: 04/23/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,598
Year Built
- Built in 1951
Lot Details
- 41,027 Sq Ft Lot
- Property is zoned RE1
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Driveway
Home Design
- Rambler Architecture
- Fixer Upper
- Slab Foundation
- Frame Construction
- Composition Roof
- Shingle Siding
Interior Spaces
- Property has 2 Levels
- Traditional Floor Plan
- Ceiling Fan
- 1 Fireplace
- Dining Area
- Carpet
Kitchen
- Second Kitchen
- Electric Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Screened Patio
Utilities
- Central Air
- Heating System Uses Oil
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Community Details
- No Home Owners Association
- Paint Branch Farms Subdivision
Listing and Financial Details
- Tax Lot P1
- Assessor Parcel Number 160500302924
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,971 | $487,233 | -- | -- |
| 2024 | $5,971 | $454,067 | -- | -- |
| 2023 | $6,247 | $420,900 | $313,600 | $107,300 |
| 2022 | $4,607 | $420,900 | $313,600 | $107,300 |
| 2021 | $4,881 | $420,900 | $313,600 | $107,300 |
| 2020 | $4,881 | $455,800 | $313,600 | $142,200 |
| 2019 | $4,666 | $439,033 | $0 | $0 |
| 2018 | $4,463 | $422,267 | $0 | $0 |
| 2017 | $4,353 | $405,500 | $0 | $0 |
| 2016 | -- | $393,967 | $0 | $0 |
| 2015 | $4,504 | $382,433 | $0 | $0 |
| 2014 | $4,504 | $370,900 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $395,000 | -- | $218 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $136,460 | None Listed On Document | |
| Quit Claim Deed | $136,460 | None Listed On Document | |
| Deed | $330,000 | First American Title Ins Co | |
| Deed | -- | -- | |
| Deed | $355,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,250 | New Conventional | |
| Closed | $380,250 | New Conventional | |
| Previous Owner | $324,022 | FHA | |
| Previous Owner | $496,000 | New Conventional |
Source: Bright MLS
MLS Number: MDMC2228036
APN: 05-00302924
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Ask me questions while you tour the home.