NOT LISTED FOR SALE

505 Derrydown Ln Silver Spring, MD 20904

Estimated Value: $584,938 - $612,000

3 Beds
2.5 Baths
2,428 Sq Ft
$247/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $540,000 $222 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,584/month

5 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Rambler Architecture
  • Springbrook High School Rated A-
  • Traditional Floor Plan
  • Wood Flooring

About This Home

As of May 2022

3 bedrooms, 2.5 bathrooms, 2 level rambler in Carol Acres community with MANY recent improvements! Gleaming hardwood flooring greets you as you enter the home (refinished ’22). The living room features a wood burning fireplace with brick surround and wood mantle. Natural light pours into the living room from the 3 front windows. The dining room is an open concept to the living room and connects to the kitchen for added convenience. The kitchen has new flooring (’22), a wall oven, a cooktop, refrigerator and a back door that leads to the back deck (stained ’22). The 3 bedrooms, 2 full bathrooms are located on the main level as well. The primary bedroom is sizable with en suite bathroom. The other 2 bedrooms both feature double door closets and are located near the full bathroom in the hallway. Moving downstairs, the recreation room is massive with a wood burning fireplace with brick surround covering one wall (new flooring ’22). The laundry/utility room is situated next to the recreation room and runs the length of it. Walkout stairs lead to the backyard from the storage room (new flooring ’22). A half bathroom and the one car garage finish off the lower level. The front and back yard is the perfect setting for your first BBQ this Spring! Seller is offering a one year home warranty for the Buyer! Other recent improvements include: HVAC – ’22, chimney sweeps – ’22, chimney crown replaced - '22, kitchen cabinets painted - '22, interior paint throughout whole home ’22, exterior trim painted ’22, new shutters – ’22, back door and garage door painted – ’22, new fixtures and hardware – ’22, bathrooms recaulked – ’22, main level windows caulked and oiled – ’22, base of front steps sealed– ’22, roof – ’20 & attic insulation – ’20. Book your showing for this quaint rambler today!

Last Agent to Sell the Property

Susan Romm

(410) 715-3220 susan@sromm.com RE/MAX Realty Group License #35009 Listed on: 04/27/2022

RE/MAX Realty Group

Last Buyer's Agent

Genet Lulu

(240) 505-7912 genetlulu5@gmail.com Fairfax Realty Premier License #SP200202332

Fairfax Realty Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,294

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Landscaped
  • Back and Front Yard
  • Property is in very good condition
  • Property is zoned R90

Parking

  • 1 Car Direct Access Garage
  • 4 Driveway Spaces
  • Basement Garage
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • 2 Fireplaces
  • Fireplace Mantel
  • Brick Fireplace
  • Living Room
  • Dining Room
  • Recreation Room
  • Storage Room
  • Garden Views
  • Storm Doors

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Garage Access
  • Basement Windows

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Cannon Road Elementary School
  • Francis Scott Key Middle School
  • Springbrook High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Carol Acres Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 5
  • Assessor Parcel Number 160500332544

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,294

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-04-28
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven - Wall, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Carpet, Dining Area, Floor Plan - Traditional, Primary Bath(s), Stall Shower, Tub Shower, Wood Floors
  • Fireplace Features: Brick, Mantel(s)
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Laundry, Recreation Room, Storage Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Fully Finished, Garage Access, Improved, Walkout Stairs, Windows
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2656
  • Living Area Sq Ft: 2428
  • Price Per Sq Ft: 361.37
  • Above Grade Finished Sq Ft: 1328
  • Below Grade Finished Sq Ft: 1100
  • Below Grade Sq Ft: 228
  • Total Below Grade Sq Ft: 1328
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Shingle
  • View: Garden/Lawn
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Basement Garage, Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Refuse: 361.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CANNON ROAD
  • High School: SPRINGBROOK
  • Middle Or Junior School: FRANCIS SCOTT KEY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 159300.00
  • Land Assessed Value: 198500.00
  • Lot Features: Landscaping, Front Yard, Rear Yard
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12330.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Zoning: R90
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 13910698
  • Tax Annual Amount: 4294.00
  • Assessor Parcel Number: 160500332544
  • Tax Lot: 5
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2022
Closed on
May 27, 2022
Sold by
Louis T Nagao Trust
Bought by
Haile Nahom Tekele
Seller's Agent
Susan Romm
RE/MAX Realty Group
Buyer's Agent
Genet Lulu
Fairfax Realty Premier
List Price
$479,900
Sold Price
$540,000
Premium/Discount to List
$60,100
12.52%
Current Estimated Value
$601,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,314
Avg. Annual Appreciation
3.01%
Original Mortgage
$432,054
Outstanding Balance
$410,487
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$189,998

Purchase Details

Closed on
Nov 26, 2021
Sold by
Nagao Louis T
Bought by
Louis T Nagao Trust

Purchase Details

Closed on
Nov 16, 1998
Sold by
Zandin Mary C
Bought by
M Louis T and M Nagao C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Haile Nahom Tekele $540,000 Inabinett James J
Louis T Nagao Trust -- Lehr Michael E
M Louis T $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haile Nahom Tekele $432,054
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $540,000 +12.5% $222 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $479,900 -- $198 / 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 $5,207 $441,333 -- --
2024 $5,207 $399,567 $0 $0
2023 $5,394 $357,800 $198,500 $159,300
2022 $4,420 $352,067 $0 $0
2021 $3,602 $346,333 $0 $0
2020 $3,503 $340,600 $198,500 $142,100
2019 $3,421 $335,600 $0 $0
2018 $3,347 $330,600 $0 $0
2017 $3,297 $325,600 $0 $0
2016 -- $314,633 $0 $0
2015 $3,371 $303,667 $0 $0
2014 $3,371 $292,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2042500

Bright MLS

APN: 05-00332544