NOT LISTED FOR SALE

516 Thayer Ave Unit 1 Silver Spring, MD 20910

Silver Spring Park Neighborhood

Estimated Value: $135,000 - $164,000

1 Bed
1 Bath
695 Sq Ft
$353/mo HOA Fee

Last Sold March 08, 2019

Last sale price $129,000 $186 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,338/month

Highlights

  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • 5-minute walk to Dale Drive Neighborhood Park
  • Takoma Park Middle School Rated A

About This Home

As of March 2019

This home is located at 516 Thayer Ave Unit 1, Silver Spring, MD 20910 since 13 February 2020 and is currently estimated at $153,885, approximately $221 per square foot. This property was built in 1953. 516 Thayer Ave Unit 1 is a home located in Montgomery County with nearby schools including Takoma Park Middle School, Montgomery Blair High School, and St. Michael the Archangel Catholic Church.

Last Agent to Sell the Property

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office Listed on: 02/13/2020

Last Buyer's Agent

Holly Smith

(301) 332-7176 hollylynn.smith@longandfoster.com Long & Foster Real Estate, Inc. License #318818

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,786

Year Built

  • Built in 1953

Lot Details

  • 44

HOA Fees

  • $353 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 695 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include water, sewer, trash
  • Low-Rise Condominium
  • The Beverly Codm Community

Listing and Financial Details

  • Assessor Parcel Number 161303523176

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,786

Year Built

Built in 1953

Lot Details

0

HOA Fees

$353 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 695
  • Living Area Sq Ft: 695
  • Price Per Sq Ft: 185.61
  • Above Grade Finished Sq Ft: 695
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Refuse: 312.52
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 352.78
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Trash
  • HOA: No
  • Senior Community: 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 91000.00
  • Land Assessed Value: 39000.00
  • Land Use Code: 011
  • Year Assessed: 2019
  • Zoning: R20
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14101092
  • Tax Annual Amount: 1786.00
  • Assessor Parcel Number: 161303523176
  • Tax Total Finished Sq Ft: 695
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 03/08/2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2020
Closed on
Jan 22, 2019
Sold by
Fischer Jill A
Bought by
Coggins Jennifer Spring
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Holly Smith
Long & Foster Real Estate, Inc.
List Price
$129,000
Sold Price
$129,000
Current Estimated Value
$153,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,885
Avg. Annual Appreciation
2.71%
Original Mortgage
$116,100
Outstanding Balance
$101,657
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$52,228

Purchase Details

Closed on
Jun 14, 2006
Sold by
Five Sixteen Thayer Avenue Llc
Bought by
Herrera Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2006
Sold by
Five Sixteen Thayer Avenue Llc
Bought by
Herrera Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2005
Sold by
Fairweather Jane F
Bought by
Five Sixteen Thayer Avenue Llc

Purchase Details

Closed on
Jun 24, 2005
Sold by
Fairweather David W
Bought by
Fairweather Jane F

Purchase Details

Closed on
May 26, 2000
Sold by
Jean Fritzner
Bought by
Fairweather David W and F J
Source: Public Records

Range of Values:

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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
Coggins Jennifer Spring $129,000 None Available
Herrera Marta $192,000 --
Herrera Marta $192,000 --
Five Sixteen Thayer Avenue Llc -- --
Fairweather Jane F -- --
Fairweather David W $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coggins Jennifer Spring $116,100
Previous Owner Herrera Marta $192,000
Previous Owner Herrera Marta $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 For Sale $129,000 0.0% $186 / Sq Ft
03/08/2019 03/08/19 Sold $129,000 -- $186 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
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 $1,989 $130,667 -- --
2024 $1,989 $129,000 $38,700 $90,300
2023 $2,662 $129,000 $38,700 $90,300
2022 $1,176 $129,000 $38,700 $90,300
2021 $1,186 $135,000 $40,500 $94,500
2020 $1,136 $133,333 $0 $0
2019 $1,094 $131,667 $0 $0
2018 $1,478 $130,000 $39,000 $91,000
2017 $843 $130,000 $0 $0
2016 -- $130,000 $0 $0
2015 $951 $130,000 $0 $0
2014 $951 $130,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Smith

    Buyer's Agent in 2020

    Holly Smith

    Long & Foster

    (301) 332-7176

    44 Total Sales

    Holly Smith
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Map

Source: Bright MLS

MLS Number: MDMC695804

Bright MLS

APN: 13-03523176

Maryland Montgomery County Silver Spring 20910 Silver Spring Park

516 Thayer Ave Unit 1, Silver Spring, MD

This home is located at 516 Thayer Ave Unit 1, Silver Spring, MD 20910 since 13 February 2020 and is currently estimated at $153,885, approximately $221 per square foot. This property was built in 1953. 516 Thayer Ave Unit 1 is a home located in Montgomery County with nearby schools including Takoma Park Middle School, Montgomery Blair High School, and St. Michael the Archangel Catholic Church.

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