503 Burnt Mills Ave Silver Spring, MD 20901
Estimated Value: $549,000 - $625,000
Studio
3
Baths
1,317
Sq Ft
$447/Sq Ft
Est. Value
About This Home
This home is located at 503 Burnt Mills Ave, Silver Spring, MD 20901 and is currently estimated at $589,319, approximately $447 per square foot. 503 Burnt Mills Ave is a home located in Montgomery County with nearby schools including Roscoe R. Nix Elementary School, Cresthaven Elementary School, and Francis Scott Key Middle School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 1, 2005
Sold by
Kucin Ann T
Bought by
Terefe Mulualem
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$49,206
Interest Rate
5.54%
Mortgage Type
Stand Alone Second
Estimated Equity
$540,113
Purchase Details
Closed on
Jul 28, 2005
Sold by
Kucin Ann T
Bought by
Terefe Mulualem
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$49,206
Interest Rate
5.54%
Mortgage Type
Stand Alone Second
Estimated Equity
$540,113
Purchase Details
Closed on
May 24, 1999
Sold by
Kucin Henry A and Kucin T A
Bought by
Kucin Ann T
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Terefe Mulualem | $475,000 | -- | |
| Terefe Mulualem | $475,000 | -- | |
| Kucin Ann T | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Terefe Mulualem | $95,000 | |
| Open | Terefe Mulualem | $380,000 | |
| Closed | Terefe Mulualem | $95,000 | |
| Closed | Terefe Mulualem | $380,000 |
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 | $5,195 | $410,833 | -- | -- |
| 2024 | $5,195 | $387,767 | $0 | $0 |
| 2023 | $5,597 | $364,700 | $216,800 | $147,900 |
| 2022 | $3,929 | $359,533 | $0 | $0 |
| 2021 | $3,714 | $354,367 | $0 | $0 |
| 2020 | $3,714 | $349,200 | $216,800 | $132,400 |
| 2019 | $3,661 | $347,500 | $0 | $0 |
| 2018 | $3,617 | $345,800 | $0 | $0 |
| 2017 | $3,656 | $344,100 | $0 | $0 |
| 2016 | $3,269 | $331,000 | $0 | $0 |
| 2015 | $3,269 | $317,900 | $0 | $0 |
| 2014 | $3,269 | $304,800 | $0 | $0 |
Source: Public Records
Map
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