NOT LISTED FOR SALE

505 Lanark Way Silver Spring, MD 20901

South Four Corners Neighborhood

Estimated Value: $628,972 - $758,000

3 Beds
2 Baths
1,852 Sq Ft
$365/Sq Ft Est. Value

Last Sold September 10, 2013

Last sale price $480,000 $259 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,095/month

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Workshop
  • Montgomery Knolls Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to South Four Corners Park

About This Home

As of September 2013

LOCATION... LOCATION... LOCATION... Sweet ALL BRICK Colonial with Hardwood floors located in "FOUR CORNERS"! Great Close-In Location near Shops, Grocery, Starbucks, Sligo Creek Park, Commuter Routes, and Metro!!! BRING YOUR FURNITURE All offers to include Buyer "Financial Info Sheet" & "Lender Letter" no exceptions.

Last Agent to Sell the Property

John Halpin

(240) 793-5404 buynow347@gmail.com RE/MAX Premiere Selections License #37963 Listed on: 08/01/2013

RE/MAX Premiere Selections

Last Buyer's Agent

Maribelle Dizon

(301) 938-4210 maribelle.dizon@redfin.com Redfin Corp

Redfin Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,190

Year Built

  • 1940

Lot Details

  • 5,929 Sq Ft Lot
  • Property is zoned R60

Parking

  • Off-Site Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Fireplace Mantel
  • Window Treatments
  • Dining Area
  • Wood Flooring

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Rear and Side Entry
  • Workshop
  • Basement Windows

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • Smart Buy

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 161301110605

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,190

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Washer, Oven/Range - Gas
  • Interior Amenities: Dining Area, Built-Ins, Window Treatments, Wood Floors, Floor Plan - Traditional
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Living Room
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Fully Finished, Full, Improved, Side Entrance, Walkout Level, Windows, Workshop
  • Living Area Units: Square Feet
  • Total Sq Ft: 1852
  • Living Area Sq Ft: 1852
  • Price Per Sq Ft: 357.25
  • Above Grade Finished Sq Ft: 1352
  • Below Grade Finished Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Pool: No Pool

Garage/Parking

  • Type Of Parking: Off Site

Utilities

  • Refuse: 368.67
  • 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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Improvement Assessed Value: 141000.00
  • Land Assessed Value: 193400.00
  • Lot Size Acres: 0.14
  • Lot Size Area: 5929
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5929.00
  • Year Assessed: 2013
  • Zoning: R60

Tax Info

  • Assessor Parcel Number: 14014488
  • Tax Annual Amount: 4189.83
  • Assessor Parcel Number: 161301110605
  • Tax Lot: 19
  • Tax Total Finished Sq Ft: 1352

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2013
Closed on
Sep 10, 2013
Sold by
Kanter Leibowitz Beth Elyse and Leibowitz Louis
Bought by
Stoline David D and Stoline Zoe M
Seller's Agent
John Halpin
RE/MAX Premiere Selections
Buyer's Agent
Maribelle Dizon
Redfin Corp
List Price
$483,000
Sold Price
$480,000
Premium/Discount to List
-$3,000
-0.62%
Current Estimated Value
$676,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,243
Avg. Annual Appreciation
2.91%
Original Mortgage
$471,306
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 2007
Sold by
Hoefling Jason R
Bought by
Leibowitz Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2006
Sold by
Hoefling Jason R
Bought by
Leibowitz Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 1999
Sold by
Redding Bruce B
Bought by
Hoefling Jason R and Hoefling S K
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
Stoline David D $480,000 Westcor Land Title Ins Co
Leibowitz Louis $465,000 --
Leibowitz Louis $465,000 --
Hoefling Jason R $176,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stoline David D $471,306
Previous Owner Leibowitz Louis $417,000
Previous Owner Leibowitz Louis $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2013 09/10/13 Sold $480,000 -0.6% $259 / Sq Ft
08/16/2013 08/16/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $483,000 -- $261 / 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 $6,107 $508,200 $208,000 $300,200
2024 $6,107 $474,967 $0 $0
2023 $5,016 $441,733 $0 $0
2022 $4,389 $408,500 $208,000 $200,500
2021 $4,133 $392,933 $0 $0
2020 $4,645 $377,367 $0 $0
2019 $3,326 $361,800 $193,400 $168,400
2018 $3,301 $361,800 $193,400 $168,400
2017 $4,477 $361,800 $0 $0
2016 $3,333 $366,200 $0 $0
2015 $3,333 $355,600 $0 $0
2014 $3,333 $345,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Halpin

    Seller's Agent in 2013

    John Halpin

    RE/MAX

    (240) 793-5404

    20 Total Sales

    John Halpin
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Map

Source: Bright MLS

MLS Number: 1003648570

Bright MLS

APN: 13-01110605

Maryland Montgomery County Silver Spring 20901 South Four Corners

505 Lanark Way, Silver Spring, MD

This home is located at 505 Lanark Way, Silver Spring, MD 20901 since 01 August 2013 and is currently estimated at $676,243, approximately $365 per square foot. This property was built in 1940. 505 Lanark Way is a home located in Montgomery County with nearby schools including Montgomery Knolls Elementary School, Pine Crest Elementary School, and Silver Spring International Middle School.

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