NOT LISTED FOR SALE

505 Ridgewell Way Silver Spring, MD 20902

Estimated Value: $961,000 - $1,061,000

5 Beds
3.5 Baths
4,001 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $946,000 $236 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,197/month

8 Days on Market

Highlights

  • Colonial Architecture
  • 2 Fireplaces
  • No HOA
  • Recreation Room
  • Great Room
  • Home Office

About This Home

As of March 2022

A 5 Bedroom, 3.5 Bath Colonial with a 2-Car Over-sized Garage located on a quiet cul-de-sac in the very popular Kemp Mill Forest community, situated across from the 500+ Acre Wheaton Regional Park and on the edge of Northwest Branch Park
This home has been well-maintained and was lovingly expanded and creatively renovated with artistic architectural features throughout its 5,100 sq. ft of finished areas. The home is surrounded by detailed hardscape and landscape which was professionally designed and well cared for by the owners.
With soaring ceilings, designer windows and a open architectural layout there are so many different areas where a family can gather or, hide away. As you tour this home imagine on how you would enjoy the various areas, including:
Entry Foyer, Living Room, Dining Room, Kitchen, Breakfast Bar, Separate Bar, Dining Area, Lounge, Great Room, Office, Recreation Room, Studio, and Loft.... These well-appointed spaces await your personal requirements.
A two story foyer thrusts you into a magnificent well maintained open concept home with a huge dazzling crystal chandelier and two stairways.
Gleaming hardwood flooring greets you in the foyer and extend into the living room, dining room, family room, and upstairs. All lighting throughout the house has been updated to environmentally clean LED lights.
A spacious custom gourmet eat-in-kitchen features granite countertops and backsplash, an abundance of cabinets, and beautifully designed ceramic flooring with detailed mosaic inlaid throughout the floor.
A vaulted family room includes a wood burning fireplace and skylights which allows natural sunlight into the space.
The extended entertainment area - Dining Area, Lounge, Great Room, Breakfast Bar - has marble floors with slated mosaic designs, a mini bar, large skylights, and oversize windows and opens to a slate deck is accessed through a sliding glass door.
The living area upstairs includes a large primary bedroom with a fully updated bathroom which includes jacuzzi jet, steam sauna shower and a walk in closet. All bathrooms have been updated with marble flooring.
In addition there are three generous sized bedrooms with spacious closets and a large loft that could serve as a second home office. The loft has marble floors and stunning railings with a spiraling staircase to the main level.
The fully finished lower level provides a fifth bedroom, recreation room, mirrored studio/workout room, laundry room with washer/dryer, ample storage and closets, and an updated full bath. Two walkouts allow you access to the patio with under-deck ceiling, and fully fenced backyard.

Attractive Location: Located on a cul-de-Sac adjacent to Northwest Branch Park; Walking distance to 530+ Acre Wheaton Regional Park: with Lake, Hiking Paths, Riding Stables; Children’s Playground, Train, Brookside Gardens, Tennis, Baseball fields, Indoor Ice Ring and Much More.

Convenient to Public Transportation and Houses of Worship. Short Drive to; Swim Clubs, Kemp Mill Elementary School, Sligo Creek Park and Beltway, Local and Major Shopping Centers, Wheaton Library & Rec Center, Wheaton or Glenmont Metro Stations and Holy Cross Hospital.

Last Agent to Sell the Property

Barbara Ciment

(301) 346-9126 barbara@ciment.com Perennial Real Estate Listed on: 02/24/2022

Last Buyer's Agent

Patrick Campbell

(410) 688-3117 patrickwcampbell4@yahoo.com Century 21 Advance Realty License #607244

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,224

Year Built

  • Built in 1986

Lot Details

  • 0.26 Acre Lot
  • Cul-De-Sac
  • Property is in excellent condition
  • Property is zoned R200

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Loft
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Windows

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Kemp Mill Forest Subdivision

Listing and Financial Details

  • Tax Lot 57
  • Assessor Parcel Number 161302381988

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,224

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Window Features: Energy Efficient, Skylights
  • Fireplace Features: Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Great Room, Laundry, Loft, Office, Recreation Room, Bonus Room
  • Basement: Yes
  • Basement Type: Daylight, Full, Fully Finished, Full
  • Total Sq Ft: 4605
  • Living Area Sq Ft: 4001
  • Price Per Sq Ft: 255.64
  • Above Grade Finished Sq Ft: 3501
  • Below Grade Finished Sq Ft: 500
  • Below Grade Sq Ft: 604
  • Total Below Grade Sq Ft: 1104
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • 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
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 472400.00
  • Land Assessed Value: 180900.00
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11398.00
  • Property Condition: Excellent
  • Zoning: R200
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14058635
  • Tax Annual Amount: 8224.00
  • Assessor Parcel Number: 161302381988
  • Tax Lot: 57
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Beltran Humberto A and Mirabal-Beltran Roxanne
Bought by
Beltran Family Living Trust and Beltran
Current Estimated Value
$1,017,301

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 31, 2022
Sold by
Anh Ly Tuan
Bought by
Beltran Humberto A and Mirabal-Beltran Roxanne
Seller's Agent
Barbara Ciment
Perennial Real Estate
Buyer's Agent
Patrick Campbell
Century 21 Advance Realty
List Price
$895,000
Sold Price
$946,000
Premium/Discount to List
$51,000
5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$346,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2001
Sold by
Vu Hiep
Bought by
Ly Tuan A and Ly A T

Purchase Details

Closed on
Aug 10, 1998
Sold by
Fed Home Loan Mortg Corp
Bought by
Vu Hiep and Nguyen Phong

Purchase Details

Closed on
Apr 22, 1998
Sold by
Nguyen Tuyet M T
Bought by
Fed Home Loan Mortg Corp

Purchase Details

Closed on
Jun 5, 1995
Sold by
Schnaper
Bought by
Nguyen Tuyet M T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beltran Family Living Trust -- None Listed On Document
Beltran Family Living Trust -- None Listed On Document
Beltran Humberto A $946,000 Endeavor Title
Ly Tuan A $240,000 --
Vu Hiep $235,000 --
Fed Home Loan Mortg Corp $210,000 --
Nguyen Tuyet M T $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beltran Humberto A $346,000
Previous Owner Nguyen Tuyet M T $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $946,000 +5.7% $236 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $895,000 -- $224 / 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 $10,532 $921,200 $180,900 $740,300
2024 $10,532 $851,400 $0 $0
2023 $9,017 $781,600 $0 $0
2022 $7,816 $711,800 $180,900 $530,900
2020 $7,284 $672,800 $0 $0
2019 $7,033 $653,300 $180,900 $472,400
2018 $6,965 $648,867 $0 $0
2017 $7,137 $644,433 $0 $0
2016 -- $640,000 $0 $0
2015 $6,157 $626,033 $0 $0
2014 $6,157 $612,067 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC2039262

Bright MLS

APN: 13-02381988