NOT LISTED FOR SALE

507 Lincoln Ave Takoma Park, MD 20912

Estimated Value: $786,205 - $875,000

4 Beds
3 Baths
1,458 Sq Ft
$565/Sq Ft Est. Value

Last Sold February 27, 2017

Last sale price $625,000 $429 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,207/month

30 Days on Market

Highlights

  • Colonial Architecture
  • Traditional Floor Plan
  • Space For Rooms
  • Takoma Park Elementary School Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

As of February 2017

Recently RENOVATED! This 4BR/3BA home with about 2000 sq.ft. living space is fully renovated with New Cabinets/Granite Counters, new hardwood floors/carpet, new A/C heating system, new SS appliances, new windows and more await you in this stunning home. Deep corner lot offers big yard for outdoor fun. Perched on a hill with walk or catch Ride-On bus to Metro and steps to Sligo Creek.

Last Agent to Sell the Property

Wen Chen

(301) 379-9259 wen1230@hotmail.com United Realty, Inc. License #655954 Listed on: 01/01/2017

Last Buyer's Agent

Lina Criales-McAuliffe

(301) 370-0246 lina.mcauliffe@compass.com Redfin Corp

Redfin Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,061

Year Built

  • Built in 1941

Lot Details

  • 6,845 Sq Ft Lot
  • Property is zoned R60

Parking

  • Off-Site Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • Traditional Floor Plan
  • 1 Fireplace
  • ENERGY STAR Qualified Windows
  • ENERGY STAR Qualified Doors
  • Family Room
  • Dining Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Range Hood
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Finished Basement

  • Shelving
  • Space For Rooms

Schools

  • Takoma Park Middle School
  • Montgomery Blair High School

Utilities

  • Cooling System Utilizes Natural Gas
  • Central Heating and Cooling System
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Takoma Park Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 161303177623

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,061

Year Built

Built in 1941

Lot Details

0

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: 1941
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer - Front Loading, Energy Star Dishwasher, Energy Star Refrigerator, Oven/Range - Gas, Range Hood, Washer - Front Loading
  • Interior Amenities: Breakfast Area, Dining Area, Upgraded Countertops, Primary Bath(s), Wood Floors, Floor Plan - Traditional
  • Window Features: Energy Star Qualified
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Energy Star Qualified Door(s)
  • Entry Location: Living Room
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Sun/Florida Room, Storage Room, Utility Room
  • Basement: Yes
  • Basement Type: Fully Finished, Space For Rooms, Shelving
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Construction Materials: Brick, Aluminum Siding
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Refuse: 30.68
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Natural Gas
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MONTGOMERY BLAIR
  • Middle Or Junior School: TAKOMA PARK

Green Features

  • Efficiency: Appliances

Lot Info

  • Improvement Assessed Value: 128700.00
  • Land Assessed Value: 338800.00
  • Lot Size Acres: 0.16
  • Lot Size Area: 6845
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6845.00
  • Property Attached Yn: No
  • Zoning: R60
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14068457
  • Tax Annual Amount: 6061.06
  • Assessor Parcel Number: 161303177623
  • Tax Lot: 10
  • Tax Year: 2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2017
Current Estimated Value
$824,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,500
Outstanding Balance
$415,448
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$408,603

Purchase Details

Listed on
Jan 1, 2017
Closed on
Feb 27, 2017
Sold by
Chen Wen Rong
Seller's Agent
Wen Chen
United Realty, Inc.
Buyer's Agent
Lina Criales-McAuliffe
Redfin Corp
List Price
$629,900
Sold Price
$625,000
Premium/Discount to List
-$4,900
-0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%
Original Mortgage
$500,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2015
Closed on
Aug 5, 2015
Sold by
Us Bank National Association
Bought by
Chen Wen Rong
Seller's Agent
Ramona Williams
Allison James Estates & Homes
Buyer's Agent
Wen Chen
United Realty, Inc.
List Price
$431,700
Sold Price
$349,125
Premium/Discount to List
-$82,575
-19.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.61%

Purchase Details

Closed on
Jun 10, 2015
Sold by
Davies Valentine and Davies Mona A Mason
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 5, 2000
Sold by
Tockey Kenneth G and Tockey L
Bought by
Davies Valentine and Mason Davies Mona A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
-- -- None Available
-- $825,000 None Available
Chen Wen Rong $349,125 Advantage Title Company
U S Bank National Association $700,000 Attorney
Davies Valentine $224,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $497,500
Closed -- $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2017 02/27/17 Sold $625,000 -0.8% $429 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $629,900 +80.4% $432 / Sq Ft
09/09/2015 09/09/15 Sold $349,125 -19.1% $239 / Sq Ft View Prior Sale
08/01/2015 08/01/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $431,700 -- $296 / 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 $10,429 $623,733 -- --
2024 $10,429 $604,500 $311,900 $292,600
2023 $8,971 $559,767 $0 $0
2022 $7,911 $515,033 $0 $0
2021 $7,142 $470,300 $311,900 $158,400
2020 $7,142 $469,367 $0 $0
2019 $7,115 $468,433 $0 $0
2018 $7,064 $467,500 $338,800 $128,700
2017 $6,461 $429,167 $0 $0
2016 -- $390,833 $0 $0
2015 $6,067 $352,500 $0 $0
2014 $6,067 $352,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002478769

Bright MLS

APN: 13-03177623