NOT LISTED FOR SALE

515 E Indian Spring Dr Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $666,897 - $696,000

4 Beds
2.5 Baths
2,614 Sq Ft
$259/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $599,000 $229 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,996/month

88 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • No HOA
  • Montgomery Knolls Elementary School Rated A-
  • Whirlpool Bathtub
  • Breakfast Area or Nook

About This Home

As of September 2022

Back on market, buyer couldn’t get financing.
PRICE REDUCED $80,000! I repeat PRICE REDUCED $80,000! Appraised value is $680,000.
Watch your buyer fall in love w/this renovated 4 bedrooms, 2 full bath & 1 half bath split level. This sun-filled 4 -level split is HUGE about 3,000 square feet. Features include: NEW roof, NEW kitchen w/cabinets, stainless steel appliances , granite counters, backsplash & flooring, NEW carpet, NEWER HVAC, NEWER hot water heater, updated baths, fully finished basement, hardwood floors on upper & main levels, fresh paint, bump out on main level, large fenced back yard, brick patio, shed & more! Perfect location--close to DC, 495 & shopping.

Last Agent to Sell the Property

Tammey Drummond

(301) 661-6252 tammeydrummond@gmail.com Bennett Realty Solutions License #507552 Listed on: 06/09/2022

Bennett Realty Solutions

Last Buyer's Agent

Cindy Bayne

(703) 507-3056 baynecindy@yahoo.com Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,325

Year Built

  • Built in 1961

Lot Details

  • 8,644 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R60

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 4 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Bay Window
  • Six Panel Doors
  • Combination Dining and Living Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Whirlpool Bathtub

Finished Basement

  • Rear Basement Entry
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 161301355016

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,325

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1
  • Expected On Market: 6/9/2022 12:00:00 AM
  • Year Built: 1961
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
  • Flooring Type: Ceramic Tile, Partially Carpeted, Hardwood
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Store/Office, Whirlpool/Hottub, Wood Floors, Primary Bath(s)
  • Window Features: Bay/Bow
  • Fireplace: No
  • Door Features: Six Panel
  • Foundation Details: Concrete Perimeter
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Fully Finished, Rear Entrance
  • Laundry Type: Hookup, Basement
  • Total Sq Ft: 2962
  • Living Area Sq Ft: 2614
  • Price Per Sq Ft: 258.86
  • Above Grade Finished Sq Ft: 2314
  • Below Grade Finished Sq Ft: 300
  • Below Grade Sq Ft: 348
  • Total Below Grade Sq Ft: 648
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8644.00
  • Property Condition: Excellent
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5325.00
  • Assessor Parcel Number: 161301355016
  • Tax Lot: 16
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Sep 30, 2022
Sold by
Gordon Marilyn C
Bought by
Appler Jessica and Mohr Maximilian
Seller's Agent
Tammey Drummond
Bennett Realty Solutions
Buyer's Agent
Cindy Bayne
Berkshire Hathaway HomeServices PenFed Realty
List Price
$599,000
Sold Price
$599,000
Views
14
Current Estimated Value
$670,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,703
Avg. Annual Appreciation
3.87%
Original Mortgage
$479,200
Outstanding Balance
$459,883
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$217,591

Purchase Details

Closed on
Jun 23, 2006
Sold by
Redcross Hughes A
Bought by
Gordon Marilyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 12, 2006
Sold by
Redcross Hughes A
Bought by
Gordon Marilyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 2, 2004
Sold by
Redcross Hughes A
Bought by
Redcross Hughes A

Purchase Details

Closed on
Mar 1, 2002
Sold by
Harrison Otis and Harrison P A
Bought by
Redcross Hughes 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
Appler Jessica $599,000 Capitol Title
Gordon Marilyn C -- --
Gordon Marilyn C -- --
Redcross Hughes A -- --
Redcross Hughes A -- --
Redcross Hughes A $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Appler Jessica $479,200
Previous Owner Gordon Marilyn C $325,000
Previous Owner Gordon Marilyn C $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $599,000 0.0% $229 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $599,000 0.0% $229 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/13/2022 07/13/22 Price Changed $599,000 0.0% $229 / Sq Ft
07/13/2022 07/13/22 For Sale $599,000 0.0% $229 / Sq Ft
07/12/2022 07/12/22 Off Market $599,000 -- --
07/01/2022 07/01/22 For Sale $649,999 +8.5% $249 / Sq Ft
07/01/2022 07/01/22 Off Market $599,000 -- --
06/23/2022 06/23/22 Price Changed $649,999 0.0% $249 / Sq Ft
06/23/2022 06/23/22 For Sale $649,999 +8.5% $249 / Sq Ft
06/21/2022 06/21/22 Off Market $599,000 -- --
06/09/2022 06/09/22 For Sale $680,000 -- $260 / 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 $5,781 $501,733 -- --
2024 $5,781 $438,700 $215,500 $223,200
2023 $5,030 $435,567 $0 $0
2022 $5,425 $432,433 $0 $0
2021 $5,142 $429,300 $215,500 $213,800
2020 $5,142 $415,933 $0 $0
2019 $4,960 $402,567 $0 $0
2018 $4,789 $389,200 $208,000 $181,200
2017 $4,832 $387,100 $0 $0
2016 $3,748 $385,000 $0 $0
2015 $3,748 $382,900 $0 $0
2014 $3,748 $379,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammey Drummond

    Seller's Agent in 2022

    Tammey Drummond

    Bennett Realty Solutions

    (301) 661-6252

    1 in this area

    73 Total Sales

    Tammey Drummond
    Section Image
  • Cindy Bayne

    Buyer's Agent in 2022

    Cindy Bayne

    BHHS PenFed (actual)

    (703) 507-3056

    1 in this area

    68 Total Sales

    Cindy Bayne
    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC2054346

Bright MLS

APN: 13-01355016

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

515 E Indian Spring Dr, Silver Spring, MD

Not Listed for Sale

Detached

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