NOT LISTED FOR SALE

501 Southwest Dr Silver Spring, MD 20901

Estimated Value: $556,550 - $582,000

3 Beds
2 Baths
1,443 Sq Ft
$395/Sq Ft Est. Value

Last Sold June 09, 2016

Last sale price $370,000 $256 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,441/month

25 Days on Market

Highlights

  • Rambler Architecture
  • Wood Flooring
  • 1 Fireplace
  • Roscoe R. Nix Elementary School Rated A-
  • Main Floor Bedroom
  • No HOA

About This Home

As of June 2016

Beautiful recently renovated rambler. Located near Downtown Silver Spring. Easy access to beltway and public transportation. Spacious fenced in backyard. 3 bedrooms and 2.5 Bath.

Last Agent to Sell the Property

Heban Andargie

(202) 327-0925 heban@alldcmetro.com RLAH @properties License #98373580 Listed on: 04/27/2016

RLAH @properties

Last Buyer's Agent

Andres Serafini

(240) 418-8899 andres@twgrealtors.com Realty of America LLC License #SP98374775

Realty of America LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,493

Year Built

  • Built in 1950 | Remodeled in 2012

Lot Details

  • 0.27 Acre Lot
  • Property is zoned R90

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 1 Level
  • 1 Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Cresthaven Elementary School
  • Francis Scott Key Middle School
  • Springbrook High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Burnt Mills Gar Vill Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 160500295086

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,493

Year Built

Built in 1950 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 1950
  • Year Renovated: 2012
  • Remarks Public: Beautiful recently renovated rambler. Located near Downtown Silver Spring. Easy access to beltway and public transportation. Spacious fenced in backyard. 3 bedrooms and 2.5 Bath.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Dining Area, Entry Level Bedroom, Upgraded Countertops, Wood Floors, Flat
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Living Room
  • Levels Count: 1
  • Room List: Dining Room
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 501

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Brick
  • 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: 368.11
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CRESTHAVEN
  • Middle School: FRANCIS SCOTT KEY
  • High School: SPRINGBROOK
  • School District Key: 121138126809
  • Elementary School: CRESTHAVEN
  • High School: SPRINGBROOK
  • Middle Or Junior School: FRANCIS SCOTT KEY

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Area: 11582
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11582.00
  • Property Attached Yn: No
  • Year Assessed: 2016
  • Zoning: R90

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3492.68
  • Assessor Parcel Number: 160500295086
  • Tax Lot: 11
  • Tax Total Finished Sq Ft: 1443
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 06/09/2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jun 9, 2016
Sold by
Wiggins Richard and Wiggins Tiffany
Bought by
Mcbride James E
Seller's Agent
Heban Andargie
RLAH @properties
Buyer's Agent
Andres Serafini
Realty of America LLC
List Price
$383,500
Sold Price
$370,000
Premium/Discount to List
-$13,500
-3.52%
Current Estimated Value
$569,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,388
Avg. Annual Appreciation
4.70%
Original Mortgage
$332,500
Outstanding Balance
$264,633
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$304,755

Purchase Details

Listed on
May 31, 2014
Closed on
Jul 22, 2014
Sold by
Jacobs Deborah L
Bought by
King Tiffany and Wiggins Richard I
Seller's Agent
Jean Benedett-Matich
CENTURY 21 New Millennium
Buyer's Agent
Heban Andargie
RLAH @properties
List Price
$365,000
Sold Price
$350,900
Premium/Discount to List
-$14,100
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Original Mortgage
$333,355
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 22, 2013
Closed on
Jun 20, 2013
Sold by
Clark Robert L
Bought by
Jacobs Deborah L
Seller's Agent
Bob Clark
Trademark Properties
Buyer's Agent
Jean Benedett-Matich
CENTURY 21 New Millennium
List Price
$389,000
Sold Price
$335,000
Premium/Discount to List
-$54,000
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%

Purchase Details

Listed on
May 25, 2012
Closed on
Nov 30, 2012
Sold by
Molina Stephanie Nicole and Molina Jose Santana
Bought by
Clark Robert L
Seller's Agent
Samer Kuraishi
Samson Properties
Buyer's Agent
Bob Clark
Trademark Properties
List Price
$229,900
Sold Price
$232,000
Premium/Discount to List
$2,100
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
114.99%
Original Mortgage
$162,400
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1999
Sold by
Gordon Christopher M and Gordon A M
Bought by
Hill Stephanie Nicole and Hill Jose Santana

Purchase Details

Closed on
Jul 2, 1999
Sold by
Hurber Juanita E and Hurber W E
Bought by
Gordon Christopher M and Gordon A M
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
Mcbride James E $370,000 Title Town Settlements Llc
King Tiffany $350,900 First American Title Ins Co
Jacobs Deborah L $335,000 First American Title Insuran
Clark Robert L $232,000 Pinnacle Title & Escrow Inc
Hill Stephanie Nicole $161,900 --
Gordon Christopher M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcbride James E $332,500
Previous Owner King Tiffany $333,355
Previous Owner Clark Robert L $162,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2016 06/09/16 Sold $370,000 -3.5% $256 / Sq Ft
05/22/2016 05/22/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $383,500 +9.3% $266 / Sq Ft
07/22/2014 07/22/14 Sold $350,900 +0.3% $243 / Sq Ft View Prior Sale
06/20/2014 06/20/14 Pending -- -- --
06/16/2014 06/16/14 Price Changed $349,900 -4.1% $242 / Sq Ft
05/31/2014 05/31/14 For Sale $365,000 +9.0% $253 / Sq Ft
06/20/2013 06/20/13 Sold $335,000 -4.3% $232 / Sq Ft View Prior Sale
05/12/2013 05/12/13 Pending -- -- --
04/30/2013 04/30/13 Price Changed $350,000 -5.1% $243 / Sq Ft
04/03/2013 04/03/13 Price Changed $369,000 -5.1% $256 / Sq Ft
03/22/2013 03/22/13 For Sale $389,000 +67.7% $270 / Sq Ft
12/28/2012 12/28/12 Sold $232,000 +0.9% $161 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $229,900 -- $159 / 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 $5,356 $434,267 -- --
2024 $5,356 $401,733 $0 $0
2023 $5,649 $369,200 $220,200 $149,000
2022 $2,954 $366,500 $0 $0
2021 $3,659 $363,800 $0 $0
2020 $3,659 $361,100 $220,200 $140,900
2019 $3,640 $345,633 $0 $0
2018 $3,445 $330,167 $0 $0
2017 $3,157 $314,700 $0 $0
2016 -- $293,967 $0 $0
2015 $3,116 $273,233 $0 $0
2014 $3,116 $252,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002421079

Bright MLS

APN: 05-00295086