NOT LISTED FOR SALE

502 E Indian Spring Dr Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $589,000 - $623,000

5 Beds
3 Baths
1,451 Sq Ft
$415/Sq Ft Est. Value

Last Sold July 08, 2015

Last sale price $360,000 $248 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,584/month

6 Days on Market

Highlights

  • Traditional Floor Plan
  • Rambler Architecture
  • No HOA
  • Montgomery Knolls Elementary School Rated A-
  • Combination Kitchen and Living
  • Cooling Available

About This Home

As of July 2015

All offers by Monday 2pm. Unique opportunity the create your dream home in a great commuter location. Property to be sold AS-IS.

Last Agent to Sell the Property

Nathan Dart

(301) 461-0693 team@darthomes.com RE/MAX Realty Group License #514678 Listed on: 05/27/2015

RE/MAX Realty Group

Last Buyer's Agent

Anita Mohamed

(240) 483-6131 AnitaMohamed@BobLucidoTeam.com Keller Williams Lucido Agency

Keller Williams Lucido Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,796

Year Built

  • Built in 1961

Lot Details

  • 8,125 Sq Ft Lot
  • Property is zoned R60

Parking

  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Brick Front

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Living
  • Finished Basement
  • Side Exterior Basement Entry
  • Alarm System

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Eastern Middle School
  • Montgomery Blair High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 161301355472

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,796

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1961
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Stove, Dryer, Washer
  • Interior Amenities: Combination Kitchen/Living, Window Treatments, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Side Entrance, Fully Finished, Outside Entrance
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Brick Front
  • 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: 368.66
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Electric Alarm
  • 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: EASTERN

Lot Info

  • Improvement Assessed Value: 113000.00
  • Land Assessed Value: 185100.00
  • Lot Size Acres: 0.19
  • Lot Size Area: 8125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8125.00
  • Outdoor Living Structures: Patio(s)
  • Property Attached Yn: No
  • Zoning: R60

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14037951
  • Tax Annual Amount: 3795.78
  • Assessor Parcel Number: 161301355472
  • Tax Lot: 40
  • 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

Closed on
Aug 24, 2021
Sold by
Taffesse Sahlu and Shimelles Haimanot
Bought by
Taffesse Sahlu and Shimelles Haimanot
Current Estimated Value
$599,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,400
Outstanding Balance
$285,801
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$316,308

Purchase Details

Listed on
May 27, 2015
Closed on
Jul 8, 2015
Sold by
Jeyasunder David and Estate Of Sushila Arulsigamoni
Bought by
Taffesse Sahlu and Shimelles Haimanot
Seller's Agent
Nathan Dart
RE/MAX Realty Group
Buyer's Agent
Anita Mohamed
Keller Williams Lucido Agency
List Price
$300,000
Sold Price
$360,000
Premium/Discount to List
$60,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$342,000
Interest Rate
4.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Taffesse Sahlu -- Lakeside Title Company
Taffesse Sahlu $360,000 Old Republic Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taffesse Sahlu $314,400
Closed Taffesse Sahlu $342,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2015 07/08/15 Sold $360,000 +20.0% $248 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $300,000 -- $207 / 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 $5,290 $425,000 -- --
2024 $5,290 $396,000 $191,900 $204,100
2023 $4,384 $379,500 $0 $0
2022 $3,967 $363,000 $0 $0
2021 $3,622 $346,500 $191,900 $154,600
2020 $3,622 $340,867 $0 $0
2019 $3,525 $335,233 $0 $0
2018 $3,438 $329,600 $185,100 $144,500
2017 $3,375 $319,100 $0 $0
2016 -- $308,600 $0 $0
2015 $2,988 $298,100 $0 $0
2014 $2,988 $298,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nathan Dart

    Seller's Agent in 2015

    Nathan Dart

    Remax Realty Group

    (301) 461-0693

    1 in this area

    494 Total Sales

    Nathan Dart
    Section Image
  • Anita Mohamed

    Buyer's Agent in 2015

    Anita Mohamed

    Keller Williams Lucido Agency

    (240) 483-6131

    90 Total Sales

    Anita Mohamed
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002335153

Bright MLS

APN: 13-01355472

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

502 E Indian Spring Dr, Silver Spring, MD

Not Listed for Sale

Detached

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