NOT LISTED FOR SALE

505 Norcross Way Silver Spring, MD 20904

Estimated Value: $696,000 - $770,000

4 Beds
3.5 Baths
3,249 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $645,000 $199 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,591/month

6 Days on Market

Highlights

  • Gourmet Kitchen
  • Scenic Views
  • Traditional Floor Plan
  • Springbrook High School Rated A-
  • Colonial Architecture
  • Wood Flooring

About This Home

As of December 2021

An amazing home for the lucky buyer who purchases it! This elegant home has been improved throughout the years. Enter through a two-story foyer, where to the left you’ll find the stately living room, which connects to the formal dining room. The large kitchen has granite counters, stainless steel appliances, and a breakfast area. Sunlight pours into the 2-story family room through multiple skylights. A powder room completes the main level. Upstairs you will find the primary suite with a huge walk-in closet and attached bath with dual sinks and a separate tub and shower. Three additional bedrooms and another full bath are also located on the upper level. The fully finished lower level is home to a large recreational area, a laundry area with a sink and cabinets, an additional room that could be used as a guest bedroom or exercise room, and a full bath. The rear yard has a lovely brick patio, a wonderful place to relax and entertain that your family will enjoy for years to come.

Last Agent to Sell the Property

Carmen Fontecilla

Compass Listed on: 11/11/2021

Compass

Last Buyer's Agent

Jen Vo

Keller Williams Capital Properties

Keller Williams Capital Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,442

Year Built

  • Built in 1987

Lot Details

  • 0.28 Acre Lot
  • Property is in very good condition
  • Property is zoned R200

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • Built-In Features
  • 1 Fireplace
  • Entrance Foyer
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Bonus Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Electric Oven or Range
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

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

Finished Basement

  • Connecting Stairway
  • Interior Basement Entry

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by Stanley Martin
  • Valleybrook Subdivision, The Ashleigh Floorplan

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 160502514110

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,442

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: An amazing home for the lucky buyer who purchases it! This elegant home has been improved throughout the years. Enter through a two-story foyer, where to the left you’ll find the stately living room, which connects to the formal dining room. The large kitchen has granite counters, stainless steel appliances, and a breakfast area. Sunlight pours into the 2-story family room through multiple skylights. A powder room completes the main level. Upstairs you will find the primary suite with a huge walk-in closet and attached bath with dual sinks and a separate tub and shower. Three additional bedrooms and another full bath are also located on the upper level. The fully finished lower level is home to a large recreational area, a laundry area with a sink and cabinets, an additional room that could be used as a guest bedroom or exercise room, and a full bath. The rear yard has a lovely brick patio, a wonderful place to relax and entertain that your family will enjoy for years to come.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Icemaker, Oven - Double, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Gourmet, Primary Bath(s), Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Foyer, Laundry, Bonus Room, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished, Improved, Interior Access
  • Basement Finished Percent: 100.00
  • Laundry Type: Lower Floor
  • Total Sq Ft: 3480
  • Living Area Sq Ft: 3249
  • Price Per Sq Ft: 282.28
  • Above Grade Finished Sq Ft: 2161
  • Below Grade Finished Sq Ft: 1088
  • Below Grade Sq Ft: 231
  • Total Below Grade Sq Ft: 1319
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick
  • Exterior Features: Sidewalks
  • View: Scenic Vista, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Refuse: 361.78
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 211800.00
  • Land Assessed Value: 229200.00
  • Land Use Code: R
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12087.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R200
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Stanley Martin

Rental Info

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

Tax Info

  • Assessor Parcel Number: 13849381
  • Tax Annual Amount: 5442.00
  • Assessor Parcel Number: 160502514110
  • Tax Lot: 44
  • Tax Total Finished Sq Ft: 3249
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/10/2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Dec 10, 2021
Sold by
The Medha Lekhi Kochhar Martial Trust
Bought by
Maeng Rosalyn
Seller's Agent
Carmen Fontecilla
Compass
Buyer's Agent
Jen Vo
Keller Williams Capital Properties
List Price
$610,000
Sold Price
$645,000
Premium/Discount to List
$35,000
5.74%
Current Estimated Value
$742,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,483
Avg. Annual Appreciation
3.89%
Original Mortgage
$548,250
Outstanding Balance
$505,479
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$238,573

Purchase Details

Closed on
Jan 2, 2013
Sold by
The Kiran Chandra Kochhar & Medha Lekhi
Bought by
Medha Lekhi Kocchar Marital Trust and Kiran Chandra Kochhar Family Trust

Purchase Details

Closed on
Jun 24, 2004
Sold by
Kochhar Kiran C and Kochhar Medha L
Bought by
Kochhar Kiran C Et Al Tr

Purchase Details

Closed on
Apr 15, 2003
Sold by
Kochhar Kiran C Et Al Tr
Bought by
Kochhar Kiran C and Kochhar Medha L

Purchase Details

Closed on
Oct 17, 2000
Sold by
Kochhar Kiran C and Kochhar L M
Bought by
Kochhar Kiran C Et Al Tr
Source: Public Records

Range of Values:

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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
Maeng Rosalyn $645,000 Commonwealth Land Ttl Ins Co
Medha Lekhi Kocchar Marital Trust -- None Available
Kochhar Kiran C Et Al Tr -- --
Kochhar Kiran C Tr -- --
Kochhar Kiran C -- --
Kochhar Kiran C Et Al Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maeng Rosalyn $548,250
Previous Owner Kochhar Kiran Chandra $390,000
Previous Owner Kochhar Kiran C $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $645,000 +5.7% $199 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $610,000 -- $188 / 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 $6,634 $577,467 -- --
2024 $6,634 $523,533 $0 $0
2023 $2,649 $469,600 $229,200 $240,400
2022 $4,920 $460,067 $0 $0
2021 $4,750 $450,533 $0 $0
2020 $9,221 $441,000 $229,200 $211,800
2019 $4,583 $441,000 $229,200 $211,800
2018 $4,566 $441,000 $229,200 $211,800
2017 $4,700 $445,000 $0 $0
2016 $5,117 $436,600 $0 $0
2015 $5,117 $428,200 $0 $0
2014 $5,117 $419,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carmen Fontecilla

    Seller's Agent in 2021

    Carmen Fontecilla

    Compass

    (301) 908-6672

    4 in this area

    308 Total Sales

    Carmen Fontecilla
    Section Image
  • Jen Vo

    Buyer's Agent in 2021

    Jen Vo

    Keller Williams Capital Properties

    (202) 731-0248

    1 in this area

    84 Total Sales

    Jen Vo
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2023022

Bright MLS

APN: 05-02514110

Maryland Montgomery County Silver Spring 20904

505 Norcross Way, Silver Spring, MD

This home is located at 505 Norcross Way, Silver Spring, MD 20904 since 11 November 2021 and is currently estimated at $742,483, approximately $228 per square foot. This property was built in 1987. 505 Norcross Way is a home located in Montgomery County with nearby schools including Jackson Road Elementary School, White Oak Middle School, and Springbrook High School.

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