NOT LISTED FOR SALE

524 E Indian Spring Dr Silver Spring, MD 20901

Silver Spring Park Neighborhood

Estimated Value: $560,000 - $626,000

3 Beds
2.5 Baths
1,901 Sq Ft
$307/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $546,000 $287 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,493/month

5 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Asbestos
  • Montgomery Knolls Elementary School Rated A-
  • Central Air
  • Heat Pump System

About This Home

As of June 2024

Welcome to this lovely rambler with 3 bedrooms, 2 full baths situated in the Franklin Knolls neighborhood, this charming brick rambler boasts a walk-out basement, offering ample space for comfortable living. The main level features a good sized kitchen and three generously sized bedrooms, including the owner's suite complete with a full en-suite bathroom. The finished lower level adds a great recreation space with flexible office space, and a half bathroom. With no HOA, this property offers convenience to biking or hiking on Sligo Creek Parkway or Northwest Branch. There’s easy access to transportation in every direction. Home is being strictly sold as-is. This home presents an exciting opportunity to craft your dream home in a coveted location. **Brand new carpet and LVP flooring in lower level as well as den on main level.

Last Agent to Sell the Property

Tina Cheung

(240) 463-8979 tina@thegoldstandardgroup.com EXP Realty, LLC License #601422 Listed on: 04/22/2024

EXP Realty, LLC

Co-Listed By

Nancy Byers

(240) 388-2297 nancy@thegoldstandardgroup.com EXP Realty, LLC License #SP40002488

Last Buyer's Agent

Manikath Sebastian

(443) 983-2393 manikath56@gmail.com Sovereign Home Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,023

Year Built

  • Built in 1961

Lot Details

  • 8,125 Sq Ft Lot
  • Property is zoned R60

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Partially Finished Basement

  • Rear Basement Entry
  • Sump Pump

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Franklin Knolls Subdivision

Listing and Financial Details

  • Tax Lot 51
  • Assessor Parcel Number 161301353735

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,023

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2024-04-23
  • Federal Flood Zone: No
  • Year Built: 1961
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Outside Entrance, Partially Finished, Rear Entrance, Sump Pump
  • Total Sq Ft: 2902
  • Living Area Sq Ft: 1901
  • Price Per Sq Ft: 358.37
  • Above Grade Finished Sq Ft: 1451
  • Below Grade Finished Sq Ft: 450
  • Below Grade Sq Ft: 1001
  • Total Below Grade Sq Ft: 1451
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 478.24
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8125.00
  • Zoning: R60
  • In City Limits: No

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5023.00
  • Assessor Parcel Number: 161301353735
  • Tax Lot: 51
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jun 21, 2024
Sold by
Jefferson Clarice W and Jefferson Cynthia Lynn
Bought by
Jockim Wellington and Wellington Jesenta Mary
Seller's Agent
Tina Cheung
EXP Realty, LLC
Buyer's Agent
Manikath Sebastian
Sovereign Home Realty
List Price
$520,000
Sold Price
$546,000
Premium/Discount to List
$26,000
5%
Views
102
Current Estimated Value
$583,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,426
Avg. Annual Appreciation
4.49%
Original Mortgage
$436,800
Outstanding Balance
$431,226
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$152,200
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
Jockim Wellington $546,000 Crown Title
Jockim Wellington $546,000 Crown Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jockim Wellington $436,800
Closed Jockim Wellington $436,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2024 06/25/24 Sold $546,000 +5.0% $287 / Sq Ft
05/10/2024 05/10/24 For Sale $520,000 0.0% $274 / Sq Ft
04/23/2024 04/23/24 Off Market $520,000 -- --
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 $5,235 $419,733 -- --
2024 $5,235 $391,200 $191,900 $199,300
2023 $3,690 $374,967 $0 $0
2022 $3,347 $358,733 $0 $0
2021 $3,055 $342,500 $191,900 $150,600
2020 $3,055 $337,567 $0 $0
2019 $2,976 $332,633 $0 $0
2018 $2,905 $327,700 $185,100 $142,600
2017 $3,355 $317,300 $0 $0
2016 -- $306,900 $0 $0
2015 $2,976 $296,500 $0 $0
2014 $2,976 $296,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tina Cheung

    Seller's Agent in 2024

    Tina Cheung

    EXP Realty, LLC

    (240) 463-8979

    1 in this area

    185 Total Sales

    Tina Cheung
    Section Image
  • Nancy Byers

    Seller Co-Listing Agent in 2024

    Nancy Byers

    EXP Realty, LLC

    (240) 388-2297

    1 in this area

    24 Total Sales

    Nancy Byers
    Section Image
  • Manikath Sebastian

    Buyer's Agent in 2024

    Manikath Sebastian

    Sovereign Home Realty

    (443) 983-2393

    1 in this area

    155 Total Sales

    Manikath Sebastian
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2126274

Bright MLS

APN: 13-01353735

Maryland Montgomery County Silver Spring 20901 Silver Spring Park

524 E Indian Spring Dr, Silver Spring, MD

Not Listed for Sale

Detached

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