Seller's Agent in 2025
Avi Galanti
Compass
(301) 906-4996
4 in this area
236 Total Sales
508 Silver Spring Ave Silver Spring, MD 20910
Silver Spring Park Neighborhood
3
Beds
2
Baths
1,432
Sq Ft
5,986
Sq Ft Lot
Highlights
- 1 Fireplace
- No HOA
- Stainless Steel Appliances
- Takoma Park Middle School Rated A
- Cottage
- 5-minute walk to Sligo Ave Neighborhood Park
About This Home
As of January 2025Welcome to this recently RENOVATED and inviting bungalow tucked away in the trees! As you approach the front door, the nicely landscaped and elevated front yard provides a sweeping view of the neighborhood. Once inside, the updated kitchen and open floor plan create a cozy atmosphere flooded with natural light. There are also two large and bright bedrooms and a full bathroom upstairs. An egress window is being added to the basement bedroom and will be completed in early October. The open and stylish basement includes a bedroom, an updated bathroom, a storage/laundry area, and a recreation area large enough to fit an entertainment space or a home gym. With the proper licensure, the basement can easily be closed off and used as a RENTAL UNIT. The backyard is large and low maintenance. It’s rare to get so much nature and charm so close to Downtown Silver Spring. The Sligo Creek Trail is a short walk from the house. The future owner is perfectly positioned to take advantage of all Downtown Silver Spring has to offer. Quick commute into DC as well.
Last Agent to Sell the Property
(301) 906-4996 avi@galantigroup.com Compass License #608773 Listed on: 10/10/2024
Last Buyer's Agent
(240) 581-4651 timothy.jf.alves@gmail.com Cummings & Co. Realtors License #679878
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,052
Year Built
- Built in 1936
Lot Details
- 5,986 Sq Ft Lot
- Property is zoned R60
Home Design
- Cottage
- Slab Foundation
- Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- Property has 2 Levels
- 1 Fireplace
Kitchen
- Gas Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Basement
- Heated Basement
- Connecting Stairway
- Interior and Side Basement Entry
- Sump Pump
- Natural lighting in basement
Parking
- 1 Parking Space
- 1 Driveway Space
- Gravel Driveway
Schools
- East Silver Spring Elementary School
- Takoma Park Middle School
- Montgomery Blair High School
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Blair Subdivision
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 161300989353
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2024
Closed on
Jan 3, 2025
Sold by
Ghebremeschel Haben
Bought by
Locklin Kayla W and Fowler-Marques Jesse
Seller's Agent
Avi Galanti
Compass
Buyer's Agent
TJ Alves
Cummings & Co. Realtors
List Price
$510,000
Sold Price
$510,000
Views
211
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,376
Avg. Annual Appreciation
4.98%
Original Mortgage
$459,000
Outstanding Balance
$455,813
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$78,563
Purchase Details
Listed on
Sep 3, 2022
Closed on
Oct 4, 2022
Sold by
Sponaugle Nicholas A
Bought by
Ghebremeschel Haben
Seller's Agent
Janet Mwobobia
Long & Foster Real Estate, Inc.
Buyer's Agent
Yony Kifle
EXP Realty, LLC
List Price
$449,000
Sold Price
$449,000
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$440,867
Interest Rate
6.02%
Mortgage Type
FHA
Purchase Details
Listed on
Jun 8, 2017
Closed on
Sep 11, 2017
Sold by
Corey Kimler D and Wilkinson Rebecca A
Bought by
Sponaugle Nicholas A
Seller's Agent
Liz Brent
GO BRENT, INC.
Buyer's Agent
Janet Mwobobia
Long & Foster Real Estate, Inc.
List Price
$368,000
Sold Price
$300,000
Premium/Discount to List
-$68,000
-18.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$291,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 2007
Sold by
Mulford Carolyn A
Bought by
Wilkinson Rebecca A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,400
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $510,000 | Homesale Settlement Services | |
| Deed | $510,000 | Homesale Settlement Services | |
| Deed | $449,000 | Westcor Land Title | |
| Deed | $300,000 | Kvs Title Llc | |
| Deed | $338,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $459,000 | New Conventional | |
| Closed | $459,000 | New Conventional | |
| Previous Owner | $440,867 | FHA | |
| Previous Owner | $291,000 | New Conventional | |
| Previous Owner | $270,400 | Purchase Money Mortgage | |
| Previous Owner | $33,800 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $510,000 | 0.0% | $356 / Sq Ft | |
| 12/05/2024 12/05/24 | For Sale | $510,000 | 0.0% | $356 / Sq Ft | |
| 11/30/2024 11/30/24 | Off Market | $510,000 | -- | -- | |
| 11/07/2024 11/07/24 | Price Changed | $510,000 | -7.1% | $356 / Sq Ft | |
| 10/21/2024 10/21/24 | Price Changed | $549,000 | -4.5% | $383 / Sq Ft | |
| 10/10/2024 10/10/24 | For Sale | $575,000 | +28.1% | $402 / Sq Ft | |
| 10/11/2022 10/11/22 | Sold | $449,000 | 0.0% | $362 / Sq Ft | View Prior Sale |
| 09/19/2022 09/19/22 | Pending | -- | -- | -- | |
| 09/03/2022 09/03/22 | For Sale | $449,000 | +49.7% | $362 / Sq Ft | |
| 09/11/2017 09/11/17 | Sold | $300,000 | -6.0% | $361 / Sq Ft | View Prior Sale |
| 08/08/2017 08/08/17 | Pending | -- | -- | -- | |
| 07/06/2017 07/06/17 | Price Changed | $319,000 | -5.6% | $383 / Sq Ft | |
| 06/30/2017 06/30/17 | Price Changed | $338,000 | -3.2% | $406 / Sq Ft | |
| 06/17/2017 06/17/17 | Price Changed | $349,000 | -5.2% | $419 / Sq Ft | |
| 06/08/2017 06/08/17 | For Sale | $368,000 | -- | $442 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,052 | $512,533 | -- | -- |
| 2024 | $6,052 | $468,100 | $332,300 | $135,800 |
| 2023 | $6,580 | $455,467 | $0 | $0 |
| 2022 | $4,788 | $442,833 | $0 | $0 |
| 2021 | $4,551 | $430,200 | $332,300 | $97,900 |
| 2020 | $4,551 | $429,933 | $0 | $0 |
| 2019 | $4,497 | $429,667 | $0 | $0 |
| 2018 | $4,471 | $429,400 | $332,300 | $97,100 |
| 2017 | $4,396 | $416,067 | $0 | $0 |
| 2016 | -- | $402,733 | $0 | $0 |
| 2015 | $4,012 | $389,400 | $0 | $0 |
| 2014 | $4,012 | $376,267 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Avi Galanti
-
Diego Sito
D
Seller Co-Listing Agent in 2025
Diego Sito
Compass
(202) 615-7233
2 in this area
41 Total Sales
-
TJ Alves
Buyer's Agent in 2025
TJ Alves
Cummings & Co. Realtors
(240) 581-4651
1 in this area
37 Total Sales
-
Janet Mwobobia
Seller's Agent in 2022
Janet Mwobobia
Long & Foster
(773) 844-5034
1 in this area
37 Total Sales
-
Yony Kifle
Buyer's Agent in 2022
Yony Kifle
EXP Realty, LLC
(703) 405-5182
6 in this area
461 Total Sales
-
Liz Brent
Seller's Agent in 2017
Liz Brent
GO BRENT, INC.
(202) 321-2651
28 in this area
64 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2151804
APN: 13-00989353
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